Rep Technology Ltd

Rep Technology Ltd, based in Dungannon, Northern Ireland, is a small, active company founded four years ago. With twenty employees and £1,069,545 in assets, it’s a growing player in the recycling technology sector. The company, led by a solo founder, Colm Grimes, and overseen by three directors, boasts a stellar 5.0 Google rating from five reviews. It’s a real address, and the list of directors was changed just one month ago, a good sign.

The company specializes in the design, manufacture, and supply of automated equipment for Material Recovery Facilities (MRFs). Its website highlights a focus on energy-efficient twin ram balers, conveyor systems, hydraulic power units, and refurbished balers. They also offer bespoke recycling solutions and real-time reporting systems. Rep Technology clearly caters to a niche market, emphasizing innovation and sustainability in the recycling process. Customer testimonials praise the company’s performance, installation process, and dedication to resolving issues without disruption.

Financially, Rep Technology Ltd shows some interesting trends. While current assets have increased by 20% to £1,100,000, net losses have deepened to -£23,000. Bank borrowings have surged by 73% to £210,000, and cash reserves have increased by 4300% to £150,000. Creditors decreased by 4.7% to £890,000. The company meets two of three conditions to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The increase in bank borrowings, despite a rise in cash reserves, suggests the company is investing in growth, possibly to meet increased demand for its recycling equipment. The lack of an auditor is typical for a small company, and the unaudited figures rely on director-reported data.

Overall, Rep Technology Ltd appears to be a dynamic and innovative company with a strong reputation in its niche market. While the financial figures indicate some pressures, the company’s growth trajectory and positive customer feedback suggest a bright future.

Registered in Northern Ireland under the registration number NI671232, with a registered address at BT70 1TL, Northern Ireland, Dungannon, Tyrone, 29 Farriter Road.

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