Retail Equipment Ltd

Retail Equipment Ltd from London UK: a small, active company established 83 years ago, boasts a history stretching back to 1941. With 14 employees and £6,207,412 in assets, it’s a family business run by five directors and two owners. The company regularly imports and exports furniture, lighting, and prefabricated buildings – 171 months of imports and 28 months of exports recorded.

The company operates in the non-specialised wholesale trade industries. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The business is a regular importer, with its top import category being Furniture, Lighting, and Prefabricated Buildings, totaling 171 months of imports. The company is also a regular exporter, with its top export categories including Furniture, Lighting, and Prefabricated Buildings, totaling 28 of months exports.

Financially, Retail Equipment Ltd shows a mixed picture. Current assets increased by 8.8% to £6,200,000, while net assets grew by 6.5% to £8,300,000. Cash reserves saw a healthy 20% jump to £2,500,000, suggesting improved liquidity. Trade debtors, however, rose by 24%, which could indicate challenges in collecting payments. Bank borrowings remain stable. Creditors also increased slightly, but overall, the company appears to be managing its debt well. The company has not taken advantage of the exemption under Companies Act in not publishing its own profit loss account.

The company's small size helps it stay agile, but the increase in debtors is something to keep an eye on. With no auditor mentioned, the figures rely on unaudited statements. It's a long-standing business with a solid foundation, but like all companies, it faces ongoing challenges in a competitive market.

Registered in England/Wales under the registration number 00367861, with a registered address at SW13 0ND, London, 7 Scarth Road.

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