Recovery World Limited

Recovery World Ltd, based in Hatfield, UK, is a small, active company established 24 years ago. With thirteen employees and £1,769,682 in assets, it operates from a real address and is overseen by three directors and two owners. The company runs an e-commerce site and has a stellar 5.0 Google rating based on 28 reviews. It’s an irregular importer, primarily dealing with basic metal tools and utensils, with just two months of imports recorded dating back to March 2020.

The company’s website showcases its focus on recovery vehicles and accessories. It supplies high-quality recovery vehicles, including fixed bed beavertails, slidebeds, and hire vehicles, alongside a range of equipment like straps, winches, and skates. A featured product section highlights workwear gloves and a specialized slidebed, with a clear emphasis on providing solutions for vehicle recovery and transport. The site also includes a news section and links to social media platforms.

Financially, Recovery World Ltd exhibits some interesting trends. Current assets increased by 52%, reaching £1,800,000, while net assets rose by 15%, settling at £3,400,000. Cash reserves saw a significant jump, increasing by 98% to £950,000. However, bank borrowings surged by 2,400%, reaching £29,000, and creditors increased by 61% to £990,000. The number of employees reported increased by 46% to nineteen. Although the company is small (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the increase in creditors suggests a need to manage debt effectively. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Overall, Recovery World Ltd appears to be growing, but the sharp increase in borrowing needs to be monitored. The company’s strong online presence and focus on a niche market, however, position it well for continued success.

Registered in England/Wales under the registration number 04123198, with a registered address at AL10 8BJ, United Kingdom, Hatfield, Hertfordshire, Westward House, Bury Road.

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