Readyfix Limited

Readyfix Limited from Preston UK is a small holding company with an active status, founded nine years ago. Employing 46 people, it holds £3,952,828 in assets and operates from a real address. The company is managed by six directors and owned by three individuals, and is a family business with a stellar Google rating of 5.0 based on 45 reviews. It regularly imports basic metal tools and utensils, with the last import operation occurring three months ago.

The company's website showcases a wide range of products, from power tools and accessories to fixings, building materials, and personal protective equipment. It operates as a wholesaler and retailer, catering to the construction industry with a focus on site equipment and consumables. The site’s extensive catalog and detailed product descriptions suggest a comprehensive offering for professionals and tradespeople. While there's no explicit mention of e-commerce, the website's structure and product listings strongly imply an online sales channel alongside its trade counter.

Financially, Readyfix Limited demonstrates a mixed picture. Cash reserves increased by a substantial 79%, reaching £840,000, which is a positive sign. However, net assets also increased by 40%, reaching £2,700,000, but bank borrowings increased by 95%, reaching £720,000. Creditors increased by 22%, reaching £1,800,000, which may indicate a reliance on trade credit. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in borrowings warrants attention. The company’s unaudited financial statements, exempt due to its small size, rely on director-reported data.

The company's growth in assets and cash, coupled with its strong Google rating, suggests a healthy business. However, the increase in borrowings and reliance on trade credit indicate a need for careful financial management. The company’s ability to maintain its growth trajectory while managing its debt will be a key factor in its long-term success.

Registered in England/Wales under the registration number 09963147, with a registered address at PR1 8XD, England, Preston, Lancashire, Readyfix Limited, Croft Street.

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