Rgm Cranes Uk Ltd

Rgm Cranes Uk Ltd, based in Hamilton, UK, is a small, holding company with an active status. Founded just three years ago in March 2022, the company employs a single person and holds £699,568 in assets. It operates from a virtual address – with 231 other companies registered at the same location – and is managed by one director and four owners, believed to be a family business. The company is irregularly importing electrical machinery and equipment (last activity in January 2024) and exporting machinery, boilers, and mechanical appliances (last activity in December 2023).

The company's website, RGM Cranes SA, focuses on overhead crane manufacturing and lifting slings, primarily serving the South African and United Kingdom markets. It emphasizes bespoke, high-quality solutions, working closely with clients to optimize material handling requirements. The site suggests a focus on engineering and custom solutions, rather than a standard e-commerce model. Copyright is noted as 2022, indicating a relatively recent online presence.

Financially, Rgm Cranes Uk Ltd presents a mixed picture. Cash bank on hand increased significantly by 810%, reaching £47,000, which is a positive sign. However, creditors have exploded by an astonishing 11,000%, now standing at £700,000. This suggests a reliance on short-term financing or potentially a large, recent transaction. Trade debtors also increased substantially by 8,300%, reaching £35,000, which could indicate delayed payments from customers. Equity, however, has only grown modestly by 340%, reaching £5,400. 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 surge in liabilities warrants close attention. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Rgm Cranes Uk Ltd appears to be growing, but its financial health is precarious. The rapid increase in liabilities, while potentially linked to expansion, requires careful management to avoid becoming a problem. The company’s focus on custom engineering and its family-run nature could be strengths, but the reliance on short-term financing presents a risk.

Registered in Scotland under the registration number SC726716, with a registered address at ML3 0BP, Scotland, Hamilton, Lanarkshire, 8 Douglas Street.

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