Redoq Ltd

Redoq Ltd from Stoke-On-Trent UK: a small, active company founded 14 years ago, employs 15 people, and holds £356,938 in assets. With a real address, two directors, and one owner, it maintains a 3.0 Google rating from 10 reviews. The company regularly imports machinery, boilers, and mechanical appliances; parts, with 8 months of import activity recorded. It operates in the other business support service activities n.e.c. industries.

The company’s website showcases a software business in Stoke-on-Trent, England. Redoq Ltd is a private limited company registered in England/Wales with the registration number 07574915. Founded fourteen years ago, it’s registered at an address in Churchill House. The company is active, and operates in the other business support service activities n.e.c. industries. The website’s content is sparse, but it does mention a focus on software development and IT support services, suggesting a B2B model. There’s no obvious e-commerce functionality, indicating a service-based offering rather than direct product sales.

Financially, Redoq Ltd presents a mixed picture. Current assets have increased significantly, jumping 160% to £360,000, which is a positive sign. However, bank borrowings have decreased sharply, falling 64% to £6,000, and cash reserves have plummeted 92% to just £11,000. Creditors have increased dramatically, rising 500% to £130,000, which could indicate increased reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial increase in creditors raises questions about its ability to manage its short-term obligations. The accounts are unaudited, which is common for small companies, and there’s no mention of an auditor. The significant drop in cash reserves, despite the increase in assets, suggests the company may be burning through money faster than it’s generating revenue, or perhaps investing heavily in growth. It’s possible the company has taken on new contracts or expanded its operations, leading to increased expenses.

Registered in England/Wales under the registration number 07574915, with a registered address at ST1 3JJ, England, Stoke-On-Trent, Part Ground And Part Lower Ground Floor Churchill House, 47 Regent Road.

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