Reem Products Ltd

Reem Products Ltd from Heywood UK: a small, active company founded five years ago, is currently facing some financial challenges. The company, which employs five people and holds £30,509 in assets, is a regular importer of soaps, cleaning products, and waxes—with just one month of imports recorded as of September 2020. It operates from a real address and is managed by one director and owner, Taylor Lee.

The company’s website is currently unavailable, making it difficult to determine the full scope of its operations. However, it appears to be involved in the agents involved in the sale of a variety of goods industries.

Financially, Reem Products Ltd is showing some concerning trends. Net assets have dropped to -£43,000, and cash bank on hand is just £7,100. Creditors have increased, reaching £48,000 within a year and £69,000 after a year. While fixed assets remain steady at £43,000, the significant equity decline suggests the company is burning through cash. 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 it to remain agile, but the lack of retained earnings is a worry. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s irregular import activity and current financial state suggest it’s navigating a tough market. Whether it can turn things around remains to be seen.

Registered in England/Wales under the registration number 12506853, with a registered address at OL10 4AB, England, Heywood, Park Works, River Street.

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