Rhymney Test Equipment Ltd

Rhymney Test Equipment Ltd, based in Tredegar, UK, is a small, active company founded four years ago. With a single employee and £25,848 in assets, it’s a solo founder operation led by one director and owner. The company operates as an irregular importer, primarily bringing in optical and medical tools and devices, with the most recent import activity occurring just one month ago in August 2024.

The company’s website reveals a more detailed picture: Rhymney Test Equipment Ltd is an independent, 17025 accredited testing laboratory specializing in environmentally testing products to various standards. They also sell environmental test equipment, acting as a certified sales agent for Xian LIB Environmental Simulation Industries from China. Services include chamber testing, sales of new and used chambers, and even chamber hire. A sister company, SJJ System Services LTD, provides maintenance and repair services for ultralow test chambers. The website highlights a commitment to quality and a wide range of testing capabilities.

Financially, Rhymney Test Equipment Ltd’s report paints a concerning picture. Cash bank on hand has dropped significantly by 72%, falling to just £11,000. Creditors have risen by 26%, reaching £120,000, and net assets have plummeted 270%, ending at a negative £81,000. While debtors have decreased by 22%, the most worrying trend is the sharp decline in equity. The company’s small size (meeting two of three criteria for a small company) provides some flexibility, but the negative equity and declining cash reserves suggest it’s burning through money. There’s no mention of an auditor, likely due to the company’s small size and exemption from an audit. The accounts are unaudited, so the numbers should be viewed with caution. It seems like the company is struggling to maintain a healthy financial position, and it’s relying on its testing services and equipment sales to stay afloat.

Registered in England/Wales under the registration number 12770395, with a registered address at NP22 5RL, United Kingdom, Tredegar, Unit 19 Heads Of The Valley Industrial Estate, Rhymney.

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