Restore Renew Ltd

Restore Renew Ltd is a small, active company based in Northampton, UK, founded six years ago in 2019. It's a family business with two directors and two owners, holding £4,654 in assets. The company operates in the management of real estate on a fee or contract basis.

The company’s website reveals a fascinating project: the Restoration and Renewal Programme for the Palace of Westminster. This massive undertaking aims to preserve the iconic building for future generations, boosting UK industries and creating jobs across the country. The website details the programme's goals, supply chain opportunities, and latest news—a clear indication of a large-scale, government-backed initiative. It’s not a typical e-commerce operation, but rather a project management and delivery platform.

Financially, Restore Renew Ltd is showing some concerning trends. Cash bank on hand has dropped significantly by 73%, falling to £2,600. Creditors have also decreased by a substantial 84%, and current assets have plummeted 80% to just £4,700. Equity has also seen a sharp decline, dropping 76% to £3,000. While debt has also decreased, the overall picture suggests the company is burning through cash. The company meets the criteria to be classified as small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are unaudited and exempt from audit, relying on director-reported data.

The company's rapid decline in assets and cash reserves, coupled with the large-scale nature of the Palace of Westminster restoration project, suggests it may be facing financial pressures. The significant drop in equity is particularly noteworthy. Whether this is a temporary setback or a longer-term challenge remains to be seen, but it highlights the complexities of managing a large-scale, publicly funded initiative.

Registered in England/Wales under the registration number 11776467, with a registered address at NN7 3DB, England, Northampton, The Old Mill Stoke Road, Blisworth.

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