Refrigerant Solutions Limited

Refrigerant Solutions Ltd from Altrincham, UK, is a small, holding company with an active status, having been founded 20 years ago in 2004. The company employs five people and holds £9,929,103 in assets. It operates from a real address and is managed by three directors, with one owner reported – though this list may not be exhaustive. Refrigerant Solutions Ltd regularly imports organic chemicals, with 5 months of import activity recorded, the last in December 2023. It exports irregularly, with only 2 months of export activity for “None” products, the last in April 2023.

The company operates within the manufacture of industrial gases industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company is owned by Rpl Holdings Ltd, and the directors are Charles John Michael, Poole John Edward, and Poole John Edward.

Financially, Refrigerant Solutions Ltd shows some concerning trends. Cash bank on hand has fallen by 22% to £2.3 million, while net assets have decreased by 9% to £4 million. Creditors have risen by 7.3% to £7 million, and trade debtors have increased significantly by 110% to £290,000. Bank borrowings have remained constant at £6.1 million. The company's average number of employees has also decreased by 20% to four. Intangible assets have increased by 11%, while accumulated amortisation has also increased by 12%.

The lack of an auditor mentioned suggests the company is exempt due to its small size, relying on unaudited financial statements. While the company’s asset base remains substantial, the decline in cash and increase in creditors suggest it may be facing liquidity challenges, and the decrease in employees could indicate cost-cutting measures.

Registered in England/Wales under the registration number 05271775, with a registered address at WA15 9ST, England, Altrincham, 8 Murieston Road, Hale.

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