Retech Solutions Ltd

Retech Solutions Ltd from London UK is a small, active company founded six years ago. It employs just one person and holds assets worth £2,127,933. The company has a real address and is managed by one director and one owner. It regularly imports electrical machinery and equipment—27 months’ worth—with the latest import occurring in October 2024. It also exports vehicles, parts, and accessories irregularly, with just one month of export activity recorded back in November 2021.

The company operates as an "All-in-One Solutions Provider for the Mobile Device Service Industry," offering repair, refurbishment, and recycling services. Its website details bespoke repair plans for corporate clients, refurbishment of broken screens and frames, and a comprehensive recycling program. The founder, with experience dating back to 1997, highlights a network of suppliers and factories supporting their operations. They offer a wide range of services, from spare parts to in-house refurbishing, and even address waste products associated with the industry.

Financially, Retech Solutions Ltd shows some concerning trends. While current assets remained stable at £2,100,000, net assets increased by a modest 3.6% to £600,000. Bank borrowings decreased significantly, falling 100% to zero, and cash reserves also decreased by 33% to £23,000. Creditors, however, increased substantially—730% to £700,000—suggesting a reliance on external financing. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the increase in creditors warrants closer scrutiny. No auditor is mentioned, likely due to exemption as a small company, so the figures are unaudited.

The company’s focus on mobile device repair and refurbishment seems promising, but the financial data indicates a need for careful management to avoid burning through cash. The reliance on external financing and the increase in creditors suggest a potential vulnerability that should be addressed.

Registered in England/Wales under the registration number 11869645, with a registered address at W3 8BH, England, London, Unit 5 Rowley Industrial Park, Roslin Road.

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