Recognition Express Limited

Recognition Express Ltd, based in Milton Keynes, UK, is a small, holding company with an active status, celebrating 45 years in business. Employing seven people and holding £731,307 in assets, the company operates from a virtual address – a detail worth noting as thirty-eight companies share the same location. Two directors oversee the business, which is owned by The Bardon Group Ltd.

The company’s core activities involve importing aluminum and aluminum products for the past three months, and exporting clothing and accessories made by knitting or crocheting, also for three months. Their website showcases a wide range of promotional products, branded clothing, and workwear, catering to businesses seeking to build their brand. It's a full-service operation, offering everything from name badges to signage, and even school uniforms. The site has a clean, modern design and emphasizes competitive pricing and a 30-day return policy.

Financially, Recognition Express Ltd presents a mixed picture. Cash bank on hand decreased by 23% to £53,000, while trade debtors increased by 3.7% to £650,000. Creditors, however, rose by 7.4% to £430,000, and corporation tax payable jumped a significant 100% to £42,000. Despite these pressures, net assets increased by 4.6% to £260,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

The surge in corporation tax payable, coupled with the increase in creditors, suggests the company may be facing some short-term cash flow challenges. However, the growth in trade debtors could indicate expanding sales and a positive outlook for the future. The company’s longevity, combined with its diverse product range and focus on customer service, positions it well to navigate these challenges and continue serving the promotional products market.

Registered in England/Wales under the registration number 01457120, with a registered address at MK5 8FR, Milton Keynes, Buckinghamshire, Seebeck House 1 Seebeck Place, Knowlhill.

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