Red Industries (stoke) Limited

Red Industries Waste Management Industrial Services Sustainable Waste Management Solutions is a sizable company, operating as a holding company with an active status. Incorporated twenty years ago in 2004, the business is based in Burntwood, Staffordshire, and employs 141 people. It holds assets worth £9,300,359. While it has a registered address, twelve companies are registered at the same location, suggesting a virtual address. Five directors and one owner oversee the operations, with Lyon Stephen Geoffrey, Bowen Nigel, Clewes Jonathan Mark, Wilson Trevor Paul Anthony, and Share Adam serving as directors. The company currently has a Google rating of 2.0 based on 44 reviews.

Red Industries specializes in waste management services, providing solutions for industrial clients nationwide. Their website details a wide range of services, including aerosol recycling, hazardous waste consolidation, industrial cleaning, and vape disposal. They are regular importers of machinery, boilers, and mechanical appliances, parts, with the last import operation made on December 01, 2022. They are irregular exporters of miscellaneous chemical products, with the last export operation made on July 01, 2023.

Financially, Red Industries shows a mixed picture. While current assets increased by 39% to £9,300,000, bank borrowings have been completely eliminated, a significant shift. However, deferred tax expense credit has plummeted by 100%, and net losses have risen dramatically, reaching £1,000,000. Creditors have also increased by 57%, suggesting a greater reliance on short-term financing. The company’s size, meeting two of three criteria for a large company (turnover more than £36 million, balance sheet more than £18 million, average number of employees more than 250), means it’s subject to more scrutiny. The absence of a named auditor in the report suggests it’s exempt from a full audit, relying on unaudited financial statements.

The surge in administrative expenses by 58% could be due to increased operational costs or investments in growth. The significant drop in cash reserves, down 70% to £390,000, is a cause for concern, although the elimination of bank borrowings is a positive sign. The company’s focus on industrial waste management and its wide range of services suggest a stable market, but the financial challenges indicate a need for careful management and possibly, a reevaluation of operational strategies.

Registered in England/Wales under the registration number 05202754, with a registered address at WS7 3GF, United Kingdom, Burntwood, Staffordshire, Unit 4 Newlands Court Attwood Road, Burntwood Business Park.

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