Reliance Veneer Company Limited

Reliance Veneer Company Ltd, based in London, UK, is a small, holding company with an active status, marking its 75th anniversary this year. Employing 22 people and boasting assets of £3,193,009, the company operates from a real address and is overseen by two directors and a single owner. Its Google rating sits at 3.0 based on five reviews. The company regularly imports and exports wood and wood products, with 20 months of import activity and 17 months of export activity recorded.

The company's website showcases a wide range of veneer products, including wood veneers, veneered boards, MDF, and engineered veneers. It also offers dyed and smoked veneers, flexible veneer sheets, and splicing services. A dedicated section highlights the company’s Dubai operations and offers a newsletter archive dating back to 2012. The site even features a press archive showcasing the company's presence in industry publications dating back to 1967. The company also offers a blog and job vacancy section.

Reliance Veneer’s financial picture reveals some concerning trends. While merchandise increased by 6.7%, net assets increased by a more substantial 41%, suggesting an increase in equity. However, bank borrowings decreased by 29%, and cash reserves dropped by 38%. Trade debtors increased by 14%, which could indicate delayed payments, and creditors decreased by 45%, which is a positive sign. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in cash reserves warrants attention. The company is exempt from an audit, so the financial data is unaudited.

Overall, Reliance Veneer Company Ltd appears to be a well-established business with a strong reputation, but its financial performance suggests a need for careful management and a focus on improving cash flow.

Registered in England/Wales under the registration number 00483044, with a registered address at N16 6DE, London, Castlewood Wharf, Craven Walk.

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