Respect Ltd

Respect Care Services Ltd, based in Manchester, UK, is a small, active company founded 22 years ago. It employs just two people and holds £75,487 in assets, operating from a real address in Radcliffe. With three directors and a solo founder, the company is currently two months overdue on its accounts. It regularly imports clothing and accessories (excluding knitted or crocheted items), with 11 months of import activity recorded.

The company’s website reveals a focus on providing care services to elderly individuals. It offers a range of options, from personal care and reablement support to live-in care, end-of-life palliative care, and respite care. The website also highlights services like companionship, domestic support, medication assistance, and specialist care. It's clear that Respect Care Services Ltd is a provider of in-home care, catering to a variety of needs and preferences.

Financially, Respect Care Services Ltd shows some concerning trends. Accumulated amortisation impairment for intangible assets increased by 9.8%, while accumulated depreciation impairment for property, plant, and equipment remained steady. Cash bank on hand plummeted by a staggering 89%, dropping to £5,300. Creditors decreased by 35%, which is a positive sign, but debtors surged by 290%, suggesting potential issues with collecting payments. Equity increased slightly, but overall, the company's financial health appears fragile. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it avoids some regulatory burdens, but the decline in cash reserves is a red flag. The company's accounts are unaudited, which is standard for small companies.

While the care services appear well-structured and responsive to client needs, the financial data suggests that Respect Care Services Ltd is burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company will need to address its cash flow issues to ensure its sustainability.

Registered in England/Wales under the registration number 04517781, with a registered address at M26 4ES, Manchester, 2 Adelphi Street, Radcliffe.

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