Reiter Uk Ltd

Reiter UK Ltd, based in Wolverhampton, UK, is a small, family-run business with an active status, celebrating 25 years since its founding in 1999. Employing six people and holding assets of £1,188,284, it operates from a real address and is overseen by five directors and three owners. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 13 months of import activity recorded, and irregularly exports the same, with just one month of export activity as of 2021.

The company’s website paints a picture of a specialist in the finishing system market, boasting 45 years of experience and a focus on “British craftsmanship.” Reiter UK provides bespoke products tailored to customers’ needs, and even offers disaster recovery for damaged pianos—a surprising diversification from its core business. It emphasizes its expertise in paint technology, offering everything from individual components to complete painting systems. The website also highlights its pride in working with clients like Caterpillar UK.

Financially, Reiter UK Ltd shows a mixed bag. Cash bank on hand increased by a healthy 45% to £810,000, while current assets also rose by 15% to £1,200,000. However, trade debtors decreased by 23%, and creditors surged by 56% to £340,000. The company’s equity remained stable at £1,200,000. Despite the company’s small size, meeting two of three conditions for a small company (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the increase in creditors could indicate growing operational costs. The absence of an auditor, likely due to its small size, means the figures are unaudited.

Overall, Reiter UK Ltd seems to be holding its own, but the rise in creditors suggests a need for careful financial management. The company’s diversification into piano restoration, while intriguing, may be a source of both opportunity and complexity.

Registered in England/Wales under the registration number 03877884, with a registered address at WV10 7DZ, Wolverhampton, Unit 18 Laches Close, Four Ashes.

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