Rhyal Services Limited

Rhyal Services Limited, based in Pembrokeshire, UK, is a small, active company founded 23 years ago. With two employees and £281,134 in assets, it operates from a real address and is managed by two directors and one owner. The company has a solid 4.0 Google rating based on five reviews. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with the last import occurring one month ago.

The company’s core business revolves around the renting and leasing of construction and civil engineering machinery and equipment, alongside retail sales in non-specialized stores. Its website, Rhyal Engineering, highlights its expertise in designing, constructing, and refurbishing large-diameter storage tanks and vessels—a specialized niche within the mechanical engineering sector. Operating from its Milford Haven site, the company caters to industries like Oil & Gas, Nuclear, and Renewables, offering a complete design and build solution for storage tank projects, including new builds, maintenance, and upgrades.

Financially, Rhyal Services Limited's recent performance shows some concerning trends. While the company’s turnover remains undisclosed, current assets have fallen by 35% to £280,000. Net assets have also taken a hit, dropping 32% to £480,000. Bank borrowings have decreased by 43%, to £13,000, and cash reserves have plummeted 61% to £21,000. Trade debtors have also suffered a large decrease, down 86%. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible, but the decline in net assets and cash reserves suggests a need for careful financial management. No auditor is mentioned, likely due to the company’s small size and exemption from audit requirements. The company’s focus on specialized engineering services, however, could provide a buffer against broader economic challenges, but the recent financial data warrants close monitoring.

Registered in England/Wales under the registration number 04420562, with a registered address at SA73 2RX, Pembrokeshire, Unit 8 Thornton Ind Estate, Milford Haven.

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