Rees Machinery Group Limited

Rees Machinery Group Ltd, based in Newtown, UK, is a large, holding company with an active status, celebrating 18 years since its founding in 2006. The company employs 66 people and holds assets worth £5,931,745, generating a yearly revenue of £8,597,423. With five directors and one owner, and a stellar 5.0 Google rating from 11 reviews, it’s a well-regarded entity. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with 48 months of import activity and 40 months of export activity.

The company's website reveals a diverse range of activities, primarily focused on robotics and automation solutions for various industries. It’s not an e-commerce site in the traditional sense; rather, it serves as a platform to showcase its expertise in bagging, palletizing, and automated guided vehicles. They offer both manufactured products and services, including consultancy, design, and maintenance. The website highlights its presence in sectors like food & beverage, fresh produce, logistics, and manufacturing, suggesting a B2B focus.

Financially, Rees Machinery Group Ltd presents a mixed picture. Current assets have increased by 6.9%, a positive sign, but net assets have increased by 28%, which is good. However, bank borrowings have decreased by 14%, and cash reserves have decreased by 17%. A significant decrease in administrative expenses, down 40%, is also notable. The company's turnover has decreased by 30%, which could be attributed to various factors, including broader economic conditions or shifts in market demand. The lack of an auditor mentioned suggests the company is exempt from mandatory auditing, relying on unaudited financial statements.

While the company’s large size (meeting two of three conditions for a large company) and strong Google rating indicate a healthy reputation, the decrease in turnover and cash reserves warrant closer attention. The company's diverse range of services and focus on robotics and automation position it well for future growth, but it will need to carefully manage its finances to navigate potential challenges.

Registered in England/Wales under the registration number 05959911, with a registered address at SY16 4LE, Newtown, Powys, Unit C, Mochdre Industrial Estate.

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