Reen Technologies Limited

Reen Technologies Ltd from Keyworth UK: a small, active company founded ten years ago, employs five people, and holds £75,787 in assets. With two directors and no reported owners, it maintains a Google rating of 4.0 based on one review. The company regularly imports optical and medical tools and devices, with the most recent import activity occurring in December 7 2024.

Reen Technologies Ltd operates in the information technology consultancy activities industries, offering a suite of waste management software solutions. Its website highlights REEN Control, REEN CMS, and REEN Drive – tools designed to streamline waste collection, container management, and vehicle tracking. The company emphasizes data-driven insights, user control, and reduced environmental impact, targeting waste management companies, equipment suppliers, and local municipalities. It even has a blog.

Financially, Reen Technologies Ltd presents a mixed picture. While average number of employees increased by 20%, cash bank on hand dropped significantly by 85%, leaving only £4,400. Bank borrowings also increased, reaching £12,000, and current assets decreased by 30% to £76,000. Creditors, however, decreased by 50%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the sharp decline in equity raises questions. The accounts are unaudited, and no auditor is mentioned.

The company’s reliance on a loan from Reen Technology AS (Norway) – currently valued at £714,571 – is also noteworthy. While the company’s website and services appear well-developed, the financial data suggest it’s burning through cash. Whether Reen Technologies Ltd can sustain its growth trajectory remains to be seen, but its focus on technology and sustainability positions it for long-term potential.

Registered in England/Wales under the registration number 09347391, with a registered address at NG12 5JT, England, Keyworth, Nottinghamshire, 9 & 9a The Square.

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