Redgrave Plastics Midlands Limited

Redgrave Plastics Midlands Ltd, based in Walsall, UK, is a small, active company founded seven years ago. With two employees and £428,371 in assets, it operates from a real address and is led by one director and owner. The company regularly imports machinery, boilers, and mechanical appliances, with parts being imported for the last five months. It’s a small business, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website, rpmtape.co.uk, showcases a focus on automotive masking materials and refinishing solvents. It's clear that Redgrave Plastics Midlands Ltd operates under the trading name RPM, selling car masking tape, vehicle masking film, and associated products. The website also highlights a range of refinishing products, including solvents, fillers, and clearcoats, suggesting a broader offering for the automotive repair industry. It’s a well-designed site, utilizing cookies to improve user experience and featuring detailed product information, a blog, and contact details. It's primarily an e-commerce operation, selling directly to customers.

Financially, Redgrave Plastics Midlands Ltd presents a mixed picture. Current assets increased by 17% to £430,000, while net assets decreased by 28% to -£110,000. Bank borrowings decreased by 11%, reaching £34,000, and cash reserves increased by 200%, reaching £9,200. Creditors increased by 23%, reaching £530,000, and trade debtors decreased by 22%, reaching £140,000. The company’s trade creditors increased significantly, which could be due to increased stock levels to meet demand. The company’s increased other debtors, by 130,000%, is a little concerning. It’s likely that the company is experiencing some cash flow issues, but it's also possible that it has secured a large payment that hasn's been fully realised yet. The lack of an auditor mentioned suggests that the company is exempt from an audit as a small company.

Registered in England/Wales under the registration number 11166004, with a registered address at WS2 8LF, England, Walsall, Unit 6 Birchills Industrial Estate, Green Lane.

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