Redline Industrial Supplies Limited

Redline Industrial Supplies Ltd from Southend On Sea UK: a small company with an active status, founded 16 years ago, employs three people, and holds £593,624 in assets. It has a real address, three directors, one owner, and a respectable Google rating of 4.0 based on four reviews. The company regularly imports tanning and dyeing products, with recent activity recorded as of September 2024.

The company operates as an agent specializing in the sale of other particular products, and it’s a small business, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Its website is currently unavailable, making it difficult to assess its online presence and e-commerce activities.

Financially, Redline Industrial Supplies Ltd presents a mixed picture. Current assets have decreased by 29%, dropping to £590,000, while net assets have increased by 49%, reaching £200,000. Bank borrowings have significantly reduced by 94%, falling to £25,000, and cash reserves have increased slightly to £7,900. Creditors have also decreased by 40%, suggesting improved debt management. Trade debtors have experienced a substantial decline of 30%, which could indicate faster payment cycles or reduced credit sales. The company's small size and lack of employees (three reported) contribute to its agility, but the decrease in current assets warrants attention. The company is exempt from an audit, so the financial statements are unaudited.

The decrease in trade debtors could be a positive sign, but the decrease in current assets should be monitored closely. It's possible the company is experiencing some cash flow challenges, or perhaps it's strategically reducing its inventory levels. The increase in net assets is encouraging, but it's important to understand the underlying drivers of this trend.

Registered in England/Wales under the registration number 06743464, with a registered address at SS2 5QD, Southend On Sea, Essex, Unit 14 Robert Leonard Ind Estate, Stock Road.

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