Reimel Ltd

Reimel Ltd is a small, active company based in Horsham, UK, founded two years ago in December 2022. The company holds just £4,720 in assets and has two directors and two owners. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, Reimel Machine, details a precision machining business offering services like milling, turning, wire EDM, honing, and surface grinding. They work with a wide range of equipment and cater to both prototype and production runs, holding tolerances as tight as .0002. The site emphasizes quality, reliability, and productivity, with a focus on customer service. They even have a section dedicated to employment opportunities. It’s clear they’re aiming for a reputation as a reliable machining partner, serving a range of industries.

Financially, Reimel Ltd presents a mixed picture. Current assets remain steady at £4,700, but net assets are negative at -£2,300, indicating accumulated losses. Bank borrowings are stable at £7,000, and cash reserves are a modest £200. 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 for flexibility, but the negative equity is concerning. The accounts are described as "filleted," meaning they’re exempt from a full audit, relying on unaudited director-reported data.

It seems like Reimel Ltd is navigating early-stage challenges. While the machining business appears well-equipped and focused on quality, the financial data suggests a need for improved profitability—or at least, better cash flow management.

Registered in England/Wales under the registration number 14523345, with a registered address at RH12 2HJ, England, Horsham, 16 Redford Avenue.

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