Ricor North East Limited

Ricor North East Limited, based in Studley, UK, is a sizable company with an active status, operating as a holding company. Founded four years ago in May 2020, it employs 71 people and boasts assets of £5,936,928, generating a yearly revenue of £19,582,132. The company has a real address and is overseen by two directors and one owner. It holds a respectable Google rating of 4.0 based on 10 reviews. Ricor North East is involved in importing vehicles, parts, and accessories irregularly (for two months, with the latest import in January 2025), and exports these same items regularly (for five months, with the last export in November 2023).

The company’s website paints a picture of a global engineering solutions provider, specializing in metal pressings and assemblies for the automotive industry. With seven facilities across the UK, Poland, and Slovakia, plus tooling facilities in China, Ricor serves OEM and Tier One customers worldwide. Their capabilities extend beyond stamping and tube manipulation to include complex assemblies, painting, and distribution – a comprehensive offering for automotive manufacturers. The website highlights a focus on quality engineering and a willingness to find optimal technical and commercial solutions.

Financially, Ricor North East Limited presents a mixed bag. While cash reserves have impressively jumped by 88%, reaching £770,000, net assets have significantly declined by 250% to £2,300,000. Bank borrowings have remained steady at £1,800,000, and trade debtors have decreased by 31%, suggesting improved collection efforts. However, the substantial drop in net assets, alongside a rise in administrative expenses by 25%, indicates potential pressures on profitability. Creditors have also decreased by 21%, which is a positive sign. The company meets two of the three criteria to be considered large, with a turnover of over £36 million and a balance sheet total over £18 million. The lack of a named auditor suggests the company is exempt from a full audit, relying on unaudited financial statements. It’s clear that Ricor North East is navigating a period of change, with a focus on global reach and engineering expertise, but also facing challenges in maintaining profitability.

Registered in England/Wales under the registration number 12624700, with a registered address at B80 7AS, England, Studley, 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.