Rheinmetall Electronics Uk Ltd

Rheinmetall Electronics Uk Ltd, based in Newport, Isle of Wight, is a large, holding company with an active status, established 35 years ago in 1989. The company employs 52 people and holds assets worth £13,529,156. It has a real address, is overseen by seven directors, and is owned by one individual. A Google rating of 5.0 based on seven reviews suggests high customer satisfaction. The company regularly imports optical and medical tools and devices (for 5 months), and exports electrical machinery and equipment (for 20 months).

The company is part of the larger Rheinmetall AG, a German technology group with a global presence. The website paints a picture of a company deeply involved in defence technology, simulation, and training, and battlefield digitalization. It’s a key player in the worldwide defence market, but also active in aerospace, security, and communications. Rheinmetall emphasizes sustainability, aiming for carbon neutrality by 2035. The website highlights the company’s commitment to innovation and responsibility in a changing world.

Financially, Rheinmetall Electronics Uk Ltd shows a mixed picture. While the company’s assets remain substantial, several key indicators raise questions. Accrued liabilities decreased significantly by 51%, a positive sign, but administrative expenses increased by 33%. Cash bank on hand saw a dramatic rise of 2300%, reaching £40,000—a welcome boost. However, net assets dropped by 18%, and profit loss deepened to -£690,000. Bank borrowings increased by 230%, reaching £300,000, and trade debtors rose by 68%. The company’s size (meeting two of three criteria for a large company) and the absence of an auditor (likely exempt) mean the figures are unaudited.

The trends suggest Rheinmetall Electronics Uk Ltd is navigating a challenging environment. While its parent company is thriving, the UK subsidiary seems to be facing pressures, possibly related to rising costs and market conditions. The company’s strong Google rating and its position within a global technology group offer some resilience, but continued monitoring of its financial performance will be important.

Registered in England/Wales under the registration number 02389307, with a registered address at PO30 5XW, Newport, Isle Of Wight, Unit B The Apex, St. Cross Business Park.

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