Relish Technologies Limited

Relish Technologies Ltd from London UK: a small, active company founded ten years ago, employs 20 people, and holds assets valued at £1,036,209. It has a real address, is overseen by two directors and two owners, and regularly imports and exports optical and medical tools and devices – 16 months of imports and 20 months of exports recorded. The company operates in the manufacture of electronic components industries.

Relish Technologies Ltd's website is currently unavailable, making it difficult to determine if it operates an e-commerce platform. The lack of a visible online presence suggests a business-to-business model, potentially supplying tools and devices to other companies rather than directly to consumers.

Financially, Relish Technologies Ltd shows a mixed picture. Current assets have significantly decreased by 47%, dropping to £1,000,000, while net assets have plummeted 58%, settling at £540,000. Bank borrowings have been reduced by 21%, reaching £120,000, and cash reserves have increased by 5.5%, reaching £390,000. Trade debtors have seen a dramatic decrease of 85%, settling at £85,000, and creditors have also decreased by 21%, reaching £120,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. The sharp decrease in assets and a large increase in retained losses, however, raise questions about the company’s financial health. As a small company, it is exempt from an audit, so the figures are unaudited.

The company's financial data reveals a concerning trend of increasing depreciation, particularly in computer equipment, motor vehicles, and plant machinery. While the number of employees has remained constant at 20, the decrease in net assets and the increase in losses suggest that Relish Technologies Ltd may be burning through cash, though it does have a healthy cash reserve.

Registered in England/Wales under the registration number 09548906, with a registered address at SE1 0LH, England, London, 518 The Printrooms, 164-180 Union Street.

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