Reach Subsea Uk Ltd

Reach Subsea Uk Ltd, based in Aberdeen, UK, is a small, holding company with an active status. Founded eleven years ago in 2013, the company employs thirty-four people and holds £6,139,268 in assets. It operates from a virtual address, registered at 100 Union Street, which is shared by twelve other companies, a bit unusual. Four directors and one owner (though this list may not be exhaustive) steer the ship.

The company’s core business revolves around importing and exporting optical and medical tools and devices—twenty-seven months of import activity and twenty-six months of export activity have been recorded. It operates in the other professional, scientific and technical activities n.e.c. industries.

Looking at the financials, Reach Subsea Uk Ltd's current assets have increased significantly, jumping 270% to £6,100,000. However, net assets decreased by 4.9% to -£1,800,000, a concerning trend. Bank borrowings have vanished entirely, a positive sign, but cash reserves have skyrocketed 1100% to £2,900,000. Trade debtors have also increased dramatically, rising 260% to £1,700,000, which could indicate challenges in collecting payments. Creditors, however, decreased by 200%, suggesting better management of short-term liabilities. The company qualifies as small, meeting two of the three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. There’s no mention of an auditor, likely due to its small size.

The significant increase in cash reserves is encouraging, but the decrease in net assets and the rise in trade debtors warrant closer scrutiny. It seems Reach Subsea Uk Ltd is experiencing a period of rapid growth, but it’s important to monitor its ability to convert those debtors into cash and maintain a healthy financial position. The company’s reliance on financial support from Reach Subsea International AS, its parent company, is also a factor to consider.

Registered in Scotland under the registration number SC455367, with a registered address at AB10 1QR, Aberdeen, 100 Union Street.

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