Red Rock Automation Limited

Red Rock Automation Ltd from Renfrew UK: a small, holding company with an active status, was founded 14 years ago. The company employs 10 people and holds £3,071,583 in assets, operating from a real address with two directors and one owner. It regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 27 months of recorded activity in both areas.

The company’s website, Red Rock Automation, describes itself as operating in the manufacture of lifting and handling equipment industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company's LinkedIn page highlights its expertise in oil field equipment supply, with a presence in Inchinnan, Scotland.

Financially, Red Rock Automation Ltd shows a mixed picture. Current assets decreased by 16% to £3,100,000, while net assets also fell by 2.3% to £2,300,000. Bank borrowings decreased by 34% to £230,000, and cash reserves fell by a significant 80% to £360,000. Creditors decreased by 23%, suggesting improved debt management. Trade debtors increased substantially by 48%, which could be a sign of growth, but also a potential risk if payments are delayed. The company’s small size helps it stay nimble, but the decline in cash reserves warrants attention. No auditor is mentioned, likely due to the small company exemption.

The company’s financial trends suggest a period of transition. While it maintains a solid asset base and demonstrates improved creditor management, the decrease in cash reserves and increase in trade debtors could indicate a need for careful financial planning. The company’s holding status and involvement in both import and export activities suggest a complex business model, and the long-term success will depend on maintaining its competitive edge in the lifting and handling equipment sector.

Registered in Scotland under the registration number SC390697, with a registered address at PA4 9RX, Scotland, Renfrew, 7b Cartside Avenue, Inchinnan.

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