Renolit Uk Limited

Renolit UK Limited, based in Northumberland, is a large, established company holding a significant position in the plastics industry. Founded 99 years ago in 1925, the company boasts 334 employees and holds assets worth £33,365,000. As a holding company with an active status, Renolit UK is a regular importer and exporter of plastics and plastic products, having imported for 418 months and exported for 159 months. It has a real address and is managed by five directors and one owner. A stellar 5.0 Google rating from five reviews speaks to its customer satisfaction.

The company’s website highlights its passion for high-quality plastic films and products, emphasizing its role as a family-owned business with over 75 years of experience. Renolit serves a wide range of industries, including automotive, healthcare, home building, and wind energy, offering decorative laminates, waterproofing membranes, and protective films. It’s clear that Renolit is focused on innovation and sustainability, promoting circular economy initiatives and offering customized solutions for its clients.

Financially, Renolit UK Limited presents a mixed picture. While cash bank on hand decreased by 21% to £5,300,000, current assets rose by 5.2% to £33,000,000. However, administrative expenses increased by 13% to £11,000,000, and net assets grew by a substantial 51% to £25,000,000. The company's debts to group undertakings increased significantly by 93% to £4,900,000. It’s interesting to note that deferred tax asset debtors are now at zero, a sharp contrast to the previous year. The company's revenue from royalties and licenses remained steady at £1,500,000. It seems that the company is managing its debts well, but the increase in administrative costs is something to keep an eye on. The lack of mention of an auditor suggests the company is exempt from an audit, relying on unaudited financial statements. Overall, Renolit UK Limited appears to be a stable and growing company, well-positioned to continue its success in the plastics industry.

Registered in England/Wales under the registration number 00207104, with a registered address at NE23 8AQ, Northumberland, Station Road, Cramlington.

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