Resource Development (uk) Ltd

Resource Development UK Ltd, based in Sidcup, UK, is a small holding company with an active status, celebrating 31 years in business. Employing 25 people and holding assets of £1,855,960, the company operates from a virtual address shared by 447 other businesses. It’s led by three directors and has one owner, and runs an e-commerce site. Google reviews are positive, averaging 4.0 stars from 30 ratings. The company irregularly imports machinery, boilers, and mechanical appliances, parts (last import March 2023), and exports optical and medical tools and devices (last export October 2021).

The company’s website highlights a unique specialization: remanufacturing laptops, desktops, and all-in-one computers. They’re BSI accredited and emphasize providing a “renewed solution” – essentially selling refurbished computers that look and feel brand new. They boast cost savings (60-70% cheaper than new) and environmental benefits, alongside a minimum 12-month warranty. A key focus is supplying schools, offering bespoke designs and upgrades to meet budget constraints. The site is full of testimonials praising their quality and service.

Financially, Resource Development UK Ltd shows some concerning trends. While current assets increased by 9.8% to £1,900,000, net assets decreased by 8.1% to £300,000. Bank borrowings decreased by 35% to £83,000, which is a positive sign, but cash reserves only increased slightly to £8,100. Creditors decreased by 19%, suggesting better debt management, but trade debtors increased by 26%, which could indicate slower customer payments. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity is a notable point. The lack of an auditor mentioned suggests the accounts are unaudited.

Overall, Resource Development UK Ltd appears to be navigating a period of change. While the remanufacturing business seems to be thriving, the financial data suggests some pressures.

Registered in England/Wales under the registration number 02898181, with a registered address at DA14 6NE, Sidcup, Kent, Onega House, 112 Main Road.

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