Redtec (uk) Limited

Redtec (UK) Limited, based in Oldham, UK, is a small, active company established 20 years ago. With a single employee and £22,072 in assets, it’s a compact operation managed by one director and owner. Boasting a perfect 5.0 Google rating from one review, it’s clearly doing something right. The company operates in the retail sale via mail order houses or via internet industries, specializing in rack mount fire protection solutions.

The company’s website, Redetec, highlights its unique approach to fire protection. Unlike traditional room-based systems, Redetec focuses on protecting individual racks, offering a more targeted and environmentally responsible solution. The website details the benefits of its system: faster detection, continuous asset availability, cost-effectiveness, and a compact design. It’s a niche market, catering to businesses concerned about protecting high-value equipment within racks. The website clearly positions Redetec as a premium solution, emphasizing its effectiveness and innovation.

Financially, Redtec (UK) Limited presents a mixed picture. Current assets have decreased by 14% to £22,000, while net assets have fallen by 27% to £15,000. Bank borrowings have increased by 29% to £16,000, and cash reserves have dropped by 30% to £16,000. Trade debtors have increased by 48% to £5,500, suggesting a possible reliance on customer payments. Other creditors have risen by 110% to £1,600. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the decline in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited director reports.

Despite the financial pressures, Redtec's specialized product and positive customer feedback suggest a resilient business. The focus on rack-based fire protection appears to be a successful niche, but the company will need to manage its finances carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 05379512, with a registered address at OL4 4QZ, England, Oldham, 1 Shelderslow, Springhead.

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