Reco Surfaces Ltd

Reco Surfaces Ltd, based in Boston, UK, is a small holding company with an active status. Established 31 years ago in 1993, it employs eleven people and holds assets totaling £1,318,794. The company has a real address, is managed by six directors, and is owned by Margaret Fleet Childrens Settlement. It regularly imports and exports plastics and plastic products—nineteen months of imports and eleven months of exports recorded.

Reco Surfaces operates as a manufacturer of wall and ceiling panels, plastic recycling, and research and development. Its website highlights a patented panelling system as a better alternative to tiles, boasting a 10-year guarantee, durability, and eco-friendly design. The company caters to both residential and commercial projects, offering a wide range of designs and finishes. The website also features a blog with fitting guides and technical specifications, demonstrating a focus on customer support and education.

Financially, Reco Surfaces shows some concerning trends. Accumulated amortisation impairment intangible assets increased by 2.7%, while accumulated depreciation impairment property plant equipment rose by 13%. Cash bank on hand decreased by 50%, dropping to £130,000. Creditors increased significantly, up 40% to £1.2 million. However, fixed assets surged by 150%, reaching £790,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. The directors report that the company has secured a large contract which will take the company into profit in the coming year. With no auditor mentioned, the financial statements are unaudited.

The sharp decline in cash reserves and increase in creditors suggests the company may be burning through money. It's possible the expansion preparations mentioned in the directors report—larger premises and new plant—are contributing to these pressures. The company's reliance on a single owner, while simplifying management, could also create vulnerabilities.

Registered in England/Wales under the registration number 02830877, with a registered address at PE21 0AH, England, Boston, Unit R1 Havenside, Fishtoft Road.

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