Redstreak Products Ltd

Redstreak Products Ltd, based in Somerset, UK, is a small, active company founded seven years ago. With a single employee and £70,525 in assets, it’s a solo founder operation managed by one director and owner. The company operates in the “other service activities n.e.c.” industries. It regularly imports electrical machinery and equipment, with four months of import activity recorded, and exports optical and medical tools and devices, boasting seventeen months of export activity.

The company’s website is currently under construction, stating "please come back later," but a brief welcome message and the company name "Redstreak 2018" are visible. This suggests a planned relaunch or a temporary pause in online presence.

Financially, Redstreak Products Ltd presents a mixed picture. Accumulated amortisation for intangible assets increased by 50%, while depreciation on property and plant equipment remained steady. Cash reserves saw a significant jump, soaring 590% to £25,000, a positive sign. However, creditors decreased by a substantial 73%, dropping to £25,000, and fixed assets declined by 23%. Net assets liabilities improved dramatically, jumping from a negative £2,600 to a positive £78,000. Trade debtors increased by 7.3% to £46,000.

The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decrease in creditors could indicate tighter margins or a need for improved cash flow management. As a small company, it’s likely exempt from an audit, so the financial data relies on unaudited reports. The company’s focus on importing and exporting suggests a business reliant on international trade, which can be affected by global economic conditions.

Registered in England/Wales under the registration number 11021289, with a registered address at TA19 0AD, England, Somerset, 1 Cornhill Ilminster.

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