Redbacks Cushioning Ltd

Redbacks Cushioning Ltd, based in Rugby, UK, is a small, active company established thirteen years ago in 2011. With five employees and £34,368 in assets, it operates from a real address and is overseen by two directors and one owner. The company regularly imports toys, games, and sports equipment, with the last import occurring in April 2022, and exports textile products, used clothing, and rags, the last export being in March 2022.

The company’s focus is on developing and marketing innovative cushioning technology, specifically knee pads, which they believe can reduce the need for costly knee replacement surgeries. Their website highlights a patent for a unique geometric structure, rather than the material itself, allowing for flexibility in design and application. They’re even exploring applications in footwear and seating. Their mission is to improve worker safety and comfort, using high-quality, recyclable materials.

Financially, Redbacks Cushioning Ltd is showing some concerning trends. Cash bank on hand has plummeted 67% to £34,000, and current assets have also dropped significantly by 67% to £34,000. Net current assets liabilities have increased by 5.8% to -£570,000. Debtors have decreased by 70%, and creditors have fallen by 6.2%. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the sharp decline in equity—a 9.1% decrease to -£480,000—suggests potential financial strain. The company is exempt from an audit, so the figures are unaudited. The number of employees has also decreased by 20% to four. It's possible that the company is reinvesting in research and development, or perhaps facing challenges in scaling its sales.

Registered in England/Wales under the registration number 07754689, with a registered address at CV23 8DY, England, Rugby, The Manor House, Leamington Hastings.

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