Riaar Plastics Limited

Riaar Plastics Ltd from West Bromwich UK is a small, active company founded 17 years ago. With 19 employees and £2,064,691 in assets, it’s a family business led by two directors and two owners. The company operates from a real address and has a history of importing machinery, boilers, and mechanical appliances—though irregularly, with the last import occurring two months ago. Conversely, it regularly exports plastics and plastic products, with the last export shipment leaving three months ago.

The company’s website is non-existent, making it impossible to determine if they operate an e-commerce platform or rely solely on wholesale channels. It appears they operate in the manufacture of other plastic products industries.

Financially, Riaar Plastics Ltd shows a mixed picture. While net assets increased by 5.6% to £1,800,000, cash reserves declined by nearly 50% to £430,000. Trade debtors have increased significantly, rising by 45% to £1,200,000, which could indicate increased sales but also potential issues with collecting payments. Creditors also decreased by 36%, which is a positive sign. The company’s average number of employees during the period increased by 68%, from 19 to 32, which could be a result of increased demand or expansion plans. However, the increase in employee numbers, coupled with the decrease in cash reserves, could indicate that the company is burning through money. Advances to directors increased significantly, from £0 to £79,000.

As a small company meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), Riaar Plastics Ltd benefits from simplified reporting requirements and is exempt from an audit. The lack of an auditor’s report means the financial information relies on the directors’ unaudited statements. Overall, the company seems to be growing, but it’s important to monitor its cash flow and debt management closely.

Registered in England/Wales under the registration number 06428381, with a registered address at B70 0PD, England, West Bromwich, West Midlands, Black Lake Works, Black Lake.

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