Renmak Ltd

Renmak Ltd, based in Coalville, UK, is a small, active company founded five years ago in 2019. With four employees and £545,307 in assets, it operates from a real address on Stephenson Industrial Estate. The company has four directors and three owners, although the list of owners changed four years ago. Renmak is a regular importer, specializing in machinery, boilers, and mechanical appliances—parts, with 12 months of import activity recorded, the last in September 2024.

The company’s website highlights its focus on sewer cleaning solutions, offering a range of machinery for short, medium, or long-term hire. A key differentiator is its flexibility, allowing customers to switch machines as project needs evolve. The site also showcases partnerships with The Revive Group and Acumec, suggesting a network of collaborators. It’s a truck rental agency, with a focus on sewer cleaning equipment.

Financially, Renmak Ltd shows some concerning trends. While current assets increased by 22% to £550,000, net assets increased by 170% to £900,000. Bank borrowings increased by 40% to £48,000, and cash reserves increased by 21% to £46,000. Creditors increased by 92% to £2.9 million, which is a big jump. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the large increase in creditors raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Renmak Ltd seems to be growing, but it’s also taking on more debt. Whether it can sustain this level of growth remains to be seen—but its focus on specialized equipment and flexible rental options positions it well in the sewer cleaning market.

Registered in England/Wales under the registration number 12206973, with a registered address at LE67 3HF, England, Coalville, Unit 3 Brunel Way, Stephenson Industrial Estate.

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