Reuben Products Ltd

Reuben Products Ltd from Dungiven UK is a small, active company founded three years ago. With two employees and £23,913 in assets, it's a solo-founded operation managed by three directors and one owner. The company operates in the retail sale via mail order houses or via internet industries.

The business’s website, Reuben Heaton, showcases a wide range of angling scales and fishing tackle, including their own branded products, Eagle Claw, and TroKar. It caters to anglers across the UK and even internationally, offering everything from standard angling scales to high-performance digital balances and a selection of lures and baits. The site also highlights servicing and repair options for scales, demonstrating a commitment to customer support. There’s a real focus on quality and heritage, with a section dedicated to the company’s history and its role in the angling industry since 1857. It's clear they're running a full-fledged e-commerce operation.

Financially, Reuben Products Ltd is showing some concerning trends. Current assets have decreased by 20%, dropping to £24,000, while net assets have plummeted 99%, ending at just -£33. Cash reserves are also down significantly, although bank borrowings have increased. Trade debtors have jumped considerably, suggesting a need to manage customer payments more effectively. 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 decline in equity is a cause for concern. As a small company, it's exempt from an audit, so the figures are unaudited.

Overall, Reuben Products Ltd seems to be facing some financial headwinds. While the website and product range suggest a viable business, the declining equity and increased debt are worrying signs. It’s possible these are temporary setbacks, but careful management will be needed to ensure long-term sustainability.

Registered in Northern Ireland under the registration number NI684768, with a registered address at BT47 4LE, Northern Ireland, Dungiven, 79 Main Street.

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