Ricor Limited

Ricor Limited, based in Studley, UK, is a sizable holding company with an active status, having operated for 24 years. Employing 163 people, the company boasts substantial assets of £30,561,247 and generates £26,695,848 in yearly revenue. It’s a well-established entity, with four directors and one owner, and maintains a respectable Google rating of 4.0 based on 43 reviews. The company’s real address is registered, and it’s a regular importer of iron or steel products (61 months) and a regular exporter of vehicles, parts, and accessories (134 months).

Ricor Limited’s core business revolves around providing global quality engineering solutions, metal pressings, and assemblies. Its website highlights expertise in stamping, tube manipulation, assemblies, painting, and packing distribution, catering primarily to the automotive industry. With seven facilities in the UK, Poland, and Slovakia, plus tooling facilities in China, Ricor has a significant international footprint. The company proudly states a 97 million pound annual turnover and a 43,000 square foot manufacturing footprint.

Financially, Ricor Limited’s report reveals a mixed picture. While bank borrowings decreased by 22%, cash bank on hand increased dramatically by 240%. However, net assets plummeted by 53%, falling to £7.3 million. Administrative expenses decreased by 27%, which is a positive sign, but the increase in amounts owed by group undertakings by 12% suggests a reliance on external financing. The company’s average number of employees increased by 37%, which could be a sign of growth, but it also increases operational costs. The report doesn’t mention an auditor, likely due to its size, so the figures are unaudited.

The company’s continued focus on the automotive industry, coupled with its international presence, positions it for potential growth. However, the decrease in net assets and the increased reliance on external financing warrant close monitoring. The shift in ownership, with Tosca Debt Capital GP II LLP now the ultimate controlling party, and the planned scaling down of operations in Studley, could signal a period of significant change for Ricor Limited.

Registered in England/Wales under the registration number 04161766, with a registered address at B80 7AS, Studley, West Midlands, Arrow Works, Birmingham Road.

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