Rbk Drive Elements Limited

Rbk Drive Elements Ltd from Droitwich Spa UK: a small, active company founded 16 years ago, employs six people, and holds assets valued at £1,343,348. It’s a family business with one director and two owners, operating from a real address. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 112 months of import activity and 15 months of export activity. It’s a company that’s been around for a while, and it seems to be doing alright.

The company's website showcases a focus on Renk fluid film bearings, offering a range of products and services including spare parts, technical support, and custom solutions. They even have a live chat feature, which is a nice touch. It’s clear that Rbk Drive Elements Ltd isn’s just a distributor; they’re a value-added partner, providing expertise and support to their customers. The site highlights a focus on quality, reliability, and customer service, with a particular emphasis on serving the industrial sector. The site also mentions a new team member, Benjamin, who is supporting the business while studying.

Financially, Rbk Drive Elements Ltd shows a mixed picture. Cash bank on hand increased by 27% to £990,000, a positive sign of liquidity. However, trade debtors decreased by 24%, suggesting slower customer payments or a shift in sales strategy. Net assets also declined slightly, falling 1.6% to £800,000. Borrowings increased significantly, up 59%, to £31,000, which could be related to investment in inventory or expansion. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in borrowings warrants a closer look. As a small company, it’s exempt from an audit, so the financial information is unaudited.

Overall, Rbk Drive Elements Ltd appears to be a stable, long-standing business, but the increase in borrowings and slight decline in net assets suggest it's facing some financial pressures. The company’s focus on specialized products and technical expertise, however, positions it well for continued success in its niche market.

Registered in England/Wales under the registration number 06743018, with a registered address at WR9 8DS, Droitwich Spa, Worcestershire, 22 Victoria Square.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.