Retro Engineering Limited

Retro Engineering Limited, based in Evesham, UK, is a small, family-run business with an active status, having been founded thirteen years ago. Employing six people and holding assets of £422,933, the company operates from a real address and is overseen by four directors and three owners. It’s a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with five months of import activity and six months of export activity recorded.

The company's website is non-existent, which makes it difficult to determine if they operate an e-commerce site. However, their financial data reveals a mixed picture. While current assets have increased significantly by 110% to £420,000, net assets have also risen by 44% to £59,000. Bank borrowings have seen a dramatic increase, jumping 780% to £17,000, and cash reserves have completely disappeared, dropping 100% to zero. Creditors have also increased substantially, rising by 35% to £380,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp drop in cash reserves is concerning.

The financial data suggests Retro Engineering Limited is experiencing some financial strain. The increase in bank borrowings and the complete depletion of cash reserves indicate that the company is relying on external funding to meet its obligations. However, the increase in current assets and net assets suggests that the company is still generating revenue and building value. The lack of an auditor (likely exempt as a small company) means the figures are unaudited. It’s possible the company is investing heavily in growth, but the lack of cash reserves is something to watch closely.

Registered in England/Wales under the registration number 07941830, with a registered address at WR11 4TN, England, Evesham, Worcestershire, Unit 1, Norton Farm Harvington Lane, Norton.

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