Rfid Systems Limited

Rfid Systems Ltd from North Ferriby UK: a small, active company founded twelve years ago, operates with just two employees and holds £37,262 in assets. It's a solo-founder venture, overseen by two directors, and has a real address. The company regularly imports and exports electrical machinery and equipment, with six months of import activity and seven months of export activity recorded.

The company’s website is not available, so it’s difficult to determine the nature of its operations beyond the import/export activities. It's likely that Rfid Systems Ltd operates as a wholesale distributor, sourcing electrical equipment from overseas and supplying it to UK businesses.

Financially, Rfid Systems Ltd presents a mixed picture. While its small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 25 employees) allows for agility, recent figures reveal some concerning trends. Current assets have fallen by 31%, dropping to £37,000, while net assets have plummeted a staggering 5000%, ending at -£33,000. Cash reserves have also decreased significantly, falling 79% to just £6,400. Debtors have increased by 50%, reaching £23,000, which could be a sign of delayed payments. On the positive side, creditors have decreased by 44%, suggesting improved management of short-term liabilities.

The sharp decline in equity is particularly noteworthy. It suggests that the company may be burning through cash or facing unexpected expenses. The lack of an auditor (likely exempt as a small company) means that the financial statements are unaudited, which adds a layer of uncertainty. The company’s accounting standards applied are small entities, and it's an audit exempt with accountants report.

Despite these challenges, Rfid Systems Ltd's consistent import and export activity suggests that it remains operational. Whether it can overcome its financial difficulties and sustain its business long-term remains to be seen.

Registered in England/Wales under the registration number 08069824, with a registered address at HU14 3HG, North Ferriby, East Yorkshire, Orchard Lodge Melton Grange, Melton.

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