Remet Processing Ltd
- Large
- Active
- 4 years
- 34 employees
- £3,446,112 (assets)
- £12,327,200 (revenue)
- Real address
- 4 directors
- 2 owners
- Regular exporter
- Rating 5.0 (2)
Two conditions of three:
1.Turnover > £36 million
2.Balance sheet total > £18 million
3.Average number of employees > 250
Field of Operation
Website
Phones
Summary
Remet Processing Ltd, based in London, UK, is a large, active company founded four years ago. Employing 34 people, it boasts substantial assets of £3,446,112 and generates a revenue of £12,327,200 annually. With a real address and four directors overseeing operations, the company has garnered a perfect 5.0 Google rating from two reviews. It's a regular exporter of aluminum and aluminum products, having done so for 16 months, with the last export occurring in January 2025.
The company operates in the recovery of sorted materials industries. Its website doesn't provide much detail, suggesting a business-to-business model rather than direct consumer sales. There’s no e-commerce presence, indicating a focus on wholesale or industrial clients.
Financially, Remet Processing Ltd presents a mixed picture. While turnover remains strong at £12 million, there's a concerning trend of declining profits. Net assets have fallen by 42%, dropping to £770,000. Cash reserves have also taken a hit, decreasing by 90% to a mere £72,000. Bank borrowings have increased significantly, rising by 100% to £70,000. Creditors have also increased, rising by 330% to £33 million. The company’s large size (meeting two of three criteria for turnover over £36 million, assets over £18 million, and over 250 employees) means it’s subject to more rigorous reporting requirements. The company's auditor is The Paris Partnership LLP.
The sharp decrease in cash reserves and the increase in debt suggest Remet Processing Ltd may be burning through cash faster than it’s generating it. It’s possible that increased operating expenses or investments in new equipment are contributing to this trend. However, the company’s strong revenue and asset base provide a buffer against these challenges. The increase in creditors could be a result of expanding operations and securing better payment terms with suppliers, but it also warrants close monitoring.
Registered in England/Wales under the registration number 12853777, with a registered address at E16 4TL, England, London, 9a Cody Road, South Crescent.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- Hughes John Robert
- 4 years
- 9
- 25%+
- 🇬🇧
Resident of United Kingdom
-
Individual
- Reid Philip
- 4 years
- 2
- 25%+
- 🇬🇧
Resident of United Kingdom
Managers
-
Individual
- Hughes John Robert
- 4 years
- 10
- 🇬🇧
Resident of United Kingdom
-
Individual
- Reid Walter
- 4 years
- 11
- 🇬🇧
Resident of United Kingdom
-
Individual
- Reid Philip
- 4 years
- 3
- 🇬🇧
Resident of United Kingdom
-
Individual
- Cohen Shraga
- 4 years
- 3
- 🇬🇧
Resident of United Kingdom
Last reports
The latest confirmation statement submitted eleven months ago.
Last news
-
Confirmation statement made on 2024-05-26 with no updatesDownload 3 pages pdf report
-
Full accounts made up to 2023-06-30Download 23 pages pdf report
-
Previous accounting period shortened from 2023-09-30 to 2023-06-30Download 1 page pdf report
Exporter profile by HS codes
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Last exported products
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FAQ about Remet Processing Ltd
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