Reeley Limited

Reeley Ltd from Solihull UK is a small, active company founded 24 years ago, in 2000. Employing 23 people, it holds £2,263,043 in assets and operates from a real address. With three directors and two owners, it's a family business running an e-commerce site and boasting a stellar 5.0 Google rating from 42 reviews. Reeley Ltd regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 181 months of import activity and 15 months of export activity recorded.

The company's website isn't available for review, so it's difficult to gauge the full scope of its online presence. However, the import/export activity suggests a wholesale operation, likely supplying businesses rather than selling directly to consumers.

Financially, Reeley Ltd presents a mixed picture. While net assets increased by 47% to £2,200,000, cash reserves experienced a significant drop of 77%, falling to £110,000. Bank borrowings surged by 2,400%, reaching £29,000, and trade debtors ballooned by 130%, suggesting delayed customer payments or expanded credit terms. Creditors also increased by 10%, and future minimum lease payments increased by 4,100%, which is a large increase. The company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). With no auditor mentioned, the figures rely on unaudited statements.

Overall, Reeley Ltd seems to be facing some financial pressures, despite a healthy asset base. The increase in bank borrowings and the decrease in cash reserves suggest the company is relying on external funding to manage its operations. It’s possible that the company is investing in new equipment or expanding its operations, but the sharp decline in cash reserves raises concerns.

Registered in England/Wales under the registration number 04057758, with a registered address at B90 8DX, England, Solihull, Unit 2 Connexion I I, Blythe Gate, Blythe Valley Park.

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