Reload Systems Limited

Reload Systems Ltd, based in the West Midlands, UK, is a small holding company with an active status, having been founded 27 years ago in 1998. The company employs 29 people and holds £2,998,533 in assets. It operates from a virtual address – fifty-five companies registered at the same location – and is managed by two directors and one owner. Google reviews are excellent, boasting a 5.0 rating from 23 reviews. Reload Systems is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import activity recorded 1 months ago in March 2022.

The company's website, though not explicitly detailed, suggests a focus on manufacturing engines and turbines, lifting and handling equipment, and earthmoving equipment. It appears to be a B2B operation rather than an e-commerce site, catering to industrial clients. The company’s listed address is DY8 1LU, Stourbridge, but the fact that so many companies share the same address raises questions about its true physical presence.

Financially, Reload Systems Ltd presents a mixed picture. While current assets increased by 16% to £3,000,000, net assets decreased by 6.7% to £380,000. Bank borrowings remained stable, but cash reserves plummeted 84% to just £54,000 – a significant drain. Trade debtors decreased by 45%, which could indicate improved collection efforts, but creditors increased by 20% to £2,700,000. The company's small size—meeting two of three criteria for a small company—allows for agility, but the drop in cash reserves warrants attention. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Reload Systems Ltd seems to be navigating a period of financial adjustment. While its asset base remains substantial, the sharp decline in cash reserves suggests it may be burning through money. The company's continued operation and positive Google rating indicate a stable customer base, but its long-term financial health will depend on managing its expenses and maintaining its import activities.

Registered in England/Wales under the registration number 03491649, with a registered address at DY8 1LU, West Midlands, 15-17 Church Street, Stourbridge.

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