Richfords Limited

Richfords Ltd from Redruth UK: a small holding company with an active status, was founded 24 years ago in 2001. Employing 69 people, the company holds £4,609,769 in assets and operates from a real address. With three directors and one owner, it maintains a Google rating of 3.0 based on 262 reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with recent import activity spanning two months.

Richfords Ltd primarily functions as a vehicle recovery and transportation specialist, offering a wide range of services including rescue, recovery, battery assistance, and commercial vehicle support. Their website details a comprehensive suite of services, from breakdown recovery and transport logistics to workshop and bodyshop repairs. They even offer vehicle recovery for sale and boast a nationwide network of VROs. The company’s website highlights its commitment to providing fast, reliable service and emphasizes its expertise in handling various vehicle types, including light, heavy, and specialist vehicles. They also offer engineering services and have a dedicated division for workshop and bodyshop repairs.

Financially, Richfords Ltd presents a mixed picture. While current assets increased by 42%, to £4,600,000, bank borrowings surged by 100%, reaching £0. Creditors also rose significantly, by 99%, to £1,700,000. Despite this, the company’s net assets increased by 19%, to £3,600,000, suggesting improved equity. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in creditors warrants attention. No auditor is mentioned, which is expected for a small company.

The company's financial health appears to be a bit unstable, but the increase in assets is a positive sign. It will be interesting to see if they can manage their debts and maintain their growth in the coming years.

Registered in England/Wales under the registration number 04184196, with a registered address at TR15 3QY, Redruth, Cornwall, Leigh House, Dudnance Lane, Pool.

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