Resys Engineering Services Ltd

Resys Engineering Services Ltd, based in Inverurie, UK, is a small, active company established seventeen years ago. With two employees and £780,463 in assets, it operates from a real address in Aberdeenshire and is overseen by three directors, although no owners are officially listed. The company is an irregular importer of machinery, boilers, and mechanical appliances, with its last import activity recorded two months ago in December 2023. It also engages in irregular exporting of iron or steel products, with its last export activity occurring in June 2023.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear if they operate an e-commerce platform or primarily engage in business-to-business transactions. Resys Engineering Services Ltd is described as operating in the manufacture of fluid power equipment and other engineering activities, suggesting a focus on industrial or commercial clients.

Financially, Resys Engineering Services Ltd shows a mixed picture. Current assets have increased significantly by 66% to £780,000, which is a positive sign. However, cash bank on hand has decreased by 30% to £150,000, which could indicate increased spending or investment. Creditors have risen sharply by 77% to £350,000, and trade debtors have also increased by 83% to £390,000, suggesting potential issues with collecting payments. Equity has grown by 34% to £710,000, which is a positive trend, but the increase in liabilities warrants attention. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rising debt levels could pose a challenge. As a small company, it is exempt from an audit, so the financial information is unaudited. The significant increase in "Other Taxation Social Security Payable" by 49% to £170,000 should be investigated further.

Registered in Scotland under the registration number SC338656, with a registered address at AB51 0BZ, Scotland, Inverurie, Aberdeenshire, Office 7 Oldmeldrum Business Centre Colpy Way, Colpy Road Industrial Estate, Oldmeldrum.

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