Reliant Machinery Limited

Reliant Machinery Ltd from Watford UK: a small, active company founded 23 years ago, employs 19 people, and holds £3,100,304 in assets. Operating from a virtual address, it's a solo founder business with one director. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with a long history of activity – 146 months of imports and 165 months of exports.

The company’s website showcases its specialization in flatbed laminating equipment, a core business that’s been around since 1969. It’s the world’s leading manufacturer of innovative laminating equipment, offering continuous innovation through modular designs and catering to industries like automotive, aerospace, and technical textiles. The site also highlights its presence in the piano restoration business, a separate venture with a showroom in Harrods, London, and a focus on museum-grade restorations.

Financially, Reliant Machinery Ltd presents a mixed picture. Current assets remained stable at £3,100,304, while net assets increased by 5.9% to £2,500,000. Cash reserves decreased by 72% to £76,000, and bank borrowings surged by 2,400% to £29,000. Creditors decreased by 22%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt as a small company, and the figures are unaudited.

Despite the financial strain, the company’s long history and diverse business lines—laminating equipment and piano restoration—indicate resilience. Whether it can sustain its growth and navigate the financial pressures remains to be seen, but the company's established presence in both markets suggests a solid foundation.

Registered in England/Wales under the registration number 04319620, with a registered address at WD17 1HP, Watford, Hertfordshire, First Floor Radius House, 51 Clarendon Road.

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