Reldas Headgrade Limited

Reldas Headgrade Ltd from Torfaen, UK, is a small, active company established 52 years ago, in 1972. With nine employees and £408,656 in assets, it operates from a real address and is overseen by three directors and two owners. The company runs an e-commerce site and regularly imports and exports various textile products, sets, used clothing, and rags – 40 months of import activity and 22 months of export activity have been recorded.

The company's website, Reldas Garment Covers, specializes in garment and suit covers, offering a wide range of products from acid-free storage boxes to wedding dress covers and breathable suit covers. It caters to various needs, including wedding attire, home moving, and dry cleaning, with a particular focus on quality and customisation. The website also features a "Reldas Story" section, highlighting the company’s heritage, starting with a men's and women's clothing shop in Cwmbran, Wales.

Financially, Reldas Headgrade Ltd shows a mixed picture. Current assets have fallen by 27%, dropping to £410,000, while net assets have also declined significantly, down 31% to £370,000. Bank cash reserves have taken a hit, decreasing by 48% to £29,000. Trade debtors have fallen dramatically, down 70%, suggesting improved collection rates. However, creditors have increased by 20%, and other debt has also risen. The company meets two of the three criteria to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), and it is likely exempt from an audit. The company’s financial statements are unaudited.

The sharp decline in equity raises questions about the company's financial health, although the reduction in debtors is a positive sign. It’s possible that the company is investing in growth, or perhaps facing increased competition in the garment cover market.

Registered in England/Wales under the registration number 01071285, with a registered address at NP44 7XA, Torfaen, 1 Llandowlais Street, Cwmbran.

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