Renovo Solutions Limited

Renovo Solutions Ltd from Ryton UK: small company, holding company, active status, founded 7 years ago, 10 employees, £367,013 assets, real address, 1 director, 1 owner. Regular importer of basic metal tools and utensils (7 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £367,013.

Renovo Solutions Ltd operates as a tooling specialist, offering a range of services including regrinding, coating, and reclamation of cutting tools. Its website showcases a focus on “Industry 4.0 Tooling Data Solutions,” suggesting a blend of traditional machining with data-driven optimization. The company's offerings extend to bespoke tool design, precision tool refurbishment, and even recycling of carbide cutting tool wear parts. It’s clear that Renovo isn't just about making tools; it’s about providing comprehensive tooling solutions for various industries. The site also features testimonials from satisfied customers, highlighting Renovo’s ability to deliver even in urgent situations—a testament to its responsiveness and expertise. The company’s website has a blog and FAQ section, which is a good sign of a modern business.

Financially, Renovo Solutions Ltd presents a mixed picture. Creditors increased significantly by 29%, reaching £420,000, while cash reserves plummeted 88% to just £11,000. Bank borrowings also saw a substantial increase of 7.5%, reaching £75,000. On the positive side, net assets increased by 190%, reaching £230,000, and trade debtors decreased by 23%, suggesting better debt collection. The company’s small size helps it stay agile, but the sharp decrease in cash reserves and increase in borrowings raise concerns about its short-term liquidity. The company is exempt from an audit, so the figures are unaudited.

Overall, Renovo Solutions Ltd appears to be a dynamic, specialized business facing some financial challenges. While its tooling expertise and customer-focused approach are strengths, managing its cash flow and debt levels will be crucial for its long-term success.

Registered in England/Wales under the registration number 11324495, with a registered address at NE40 3XD, United Kingdom, Ryton, 10 Sandpiper Close.

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