Reliance Europe Limited

Reliance Europe Limited is a London-based company founded 34 years ago, in July 1990. It’s a large, active company with £12,072,051 in assets and employs seven people. The company has two directors, but no owners are reported, which is a bit unusual. It’s an irregular importer, primarily bringing in electrical machinery and equipment, with its last import operation occurring in October 2024. The company operates from a real address at 105 Wigmore Street, London, and is registered with Moore Kingston Smith LLP as its auditor.

The company’s website focuses on a scheme of arrangement, indicating a restructuring or resolution process. Updates posted in March 2025 detail a sanction hearing and the establishment of a claims deadline, suggesting the company is navigating a complex legal and financial situation. The website also includes financial reports and notices related to the scheme, highlighting a focus on transparency and regulatory compliance. It’s clear the company is not primarily focused on e-commerce, but rather on managing this arrangement.

Financially, Reliance Europe Limited presents a mixed picture. Current assets have decreased by 16% to £12,000,000, while net assets have also fallen by 4.3% to £14,000,000. Bank borrowings have increased by 110% to £29,000, and cash reserves have dropped 59% to £2,200,000. Trade creditors have also decreased by 190% to £120,000. The company’s administrative expenses have risen significantly by 26% to £2,600,000. While the company’s turnover is substantial, the decline in cash reserves and the rise in administrative costs suggest it’s burning through money. The lack of reported owners could indicate a complex ownership structure or a deliberate choice to maintain privacy, but it does raise questions about accountability. The company’s reliance on the scheme of arrangement, combined with these financial trends, suggests it’s facing significant challenges and is actively working to resolve them.

Registered in England/Wales under the registration number 02522307, with a registered address at W1U 1QY, United Kingdom, London, 8th Floor 105 Wigmore Street.

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