Red Composites (uk) Limited

Red Composites (uk) Limited, based in Newport, Isle of Wight, is a small, active company founded fifteen years ago in 2010. With fourteen employees and £1,521,025 in assets, it operates from a real address and is overseen by two directors and three owners. The company regularly imports miscellaneous chemical products (seven months of activity, last in December 2024) and exports plastics and plastic products (eleven months, last in January 2025). Its core business revolves around the manufacture of man-made fibres, specifically carbon fiber towpregs for applications like hydrogen storage.

The company’s website highlights its specialization in high-performance carbon fiber towpregs, catering to industries requiring robust composite structures. Red Composites offers both standard and custom formulations, utilizing advanced winding equipment and offering in-house testing services. The site emphasizes innovation, performance, and dependability, showcasing applications in pressure vessels, cables, and flight vehicles. It also details various resin matrix options and even offers a range of structural fibers, glass, and aramid. A separate section details a showroom in Harrods, London.

Financially, Red Composites (uk) Limited presents a mixed picture. Cash bank on hand increased by a substantial 37% to £980,000, a positive sign of liquidity. However, net assets grew by only 24% to £1,100,000, suggesting that while the company is retaining earnings, it’s not necessarily reinvesting heavily. Creditors increased by 45% to £450,000, which could indicate expanded credit lines or increased supplier payments. Debtors also rose by 36% to £330,000, potentially reflecting increased sales on credit. A significant decrease in average employees during the period, falling 21% to eleven, is a notable trend. Depreciation impairment property plant equipment increased by 6.8%, and the company has a defined contribution pension scheme. With no auditor mentioned, the financial statements are unaudited.

Overall, Red Composites appears to be financially stable, with a healthy cash position and growing assets. The increase in creditors and debtors suggests a growing business, but the decline in employee numbers is something to keep an eye on. The company's focus on specialized carbon fiber products and its commitment to innovation position it well for future growth, but it’s important to monitor its financial performance closely.

Registered in England/Wales under the registration number 07170103, with a registered address at PO30 5FA, Newport, Isle Of Wight, 24 Manners View.

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