Reavey & Son Llp

Reavey & Son LLP, based in Southampton, UK, is a small, active company founded thirteen years ago in 2012. Employing twenty people and holding assets of £3,029,694, it operates from a real address at Unit 21 Mitchell Point, Ensign Business Park. The company has four directors but no owners reported, a somewhat unusual situation. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of import activity recorded as of May 2024.

The company's website is non-existent, making it difficult to determine the specifics of its operations beyond its import activities. It seems to be a behind-the-scenes supplier rather than a consumer-facing business. No specific industry codes were assigned, which is a bit strange.

Financially, Reavey & Son LLP presents a mixed picture. Cash bank on hand increased by a healthy 13% to £2,000,000, and current assets also rose by 11% to £3,000,000. However, trade debtors decreased significantly by 26%, falling to £340,000—a possible sign of difficulties collecting payments. Creditors also increased by 27%, reaching £840,000, and other taxation and social security payable decreased by 60%, which is a good thing. Property, plant, and equipment saw a 25% decrease overall. Despite these fluctuations, net assets increased by 29% to £1,100,000, indicating overall financial health. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in debtors warrants attention. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Reavey & Son LLP seems to be a stable, albeit somewhat opaque, business. While the decrease in debtors is a concern, the increase in cash and net assets suggests it's not in immediate crisis. It’s a company that likely operates quietly, fulfilling its role as an importer of electrical equipment.

Registered in England/Wales under the registration number OC372223, with a registered address at SO31 4RF, Southampton, Hampshire, Unit 21 Mitchell Point, Ensign Business Park Hamble.

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