Reftrade Uk Ltd.

Reftrade Uk Ltd, based in Westhill, Aberdeenshire, is a small, active company founded seventeen years ago. With three employees and £725,724 in assets, it operates from a real address and is overseen by four directors, although there are no registered owners. The company regularly imports electrical machinery and equipment (for three months), and occasionally exports (for one month).

The business specializes in the rental and sale of refrigerated containers and temperature-controlled units, catering to both offshore and onshore markets. Its website highlights a range of services, including bespoke container solutions, hazardous area containers, and even piano restoration—a surprising diversification from its core refrigeration business. It appears to be a market leader in its niche, offering various container designs and even manufacturing for bespoke projects.

Financially, Reftrade Uk Ltd shows some interesting trends. Cash reserves increased significantly by 39%, reaching £320,000, while current assets grew by 38% to £730,000. However, net assets also increased by 25%, reaching £760,000. Bank borrowings have disappeared, which is a positive sign. Trade debtors have increased by 19%, suggesting potentially delayed payments, and creditors have decreased substantially, which is good for debt management. There was a big jump in other creditors too, which could be a one-off event. The company is exempt from an audit, so the figures are unaudited.

The increase in cash and assets, combined with the decrease in debt, suggests the company is in a relatively healthy position. However, the rise in trade debtors and the large increase in other creditors warrants further investigation. The diversification into piano restoration is an interesting development, and it will be interesting to see if it can contribute to the company’s long-term success.

Registered in Scotland under the registration number SC338373, with a registered address at AB32 6XL, Westhill, Aberdeenshire, C/O Greg Spence Birchmoss Depot, Echt.

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