Riley Plant Spares Limited

Riley Plant Spares Ltd, based in Hyde, UK, is a small, active company founded sixteen years ago in 2008. With just two employees and £373,445 in assets, it’s a solo-founded operation managed by a single director and owner. The company operates as an importer and exporter of machinery, boilers, and mechanical appliances, with a focus on Hanix spare parts. It’s an irregular importer (two months of imports recorded as of February 2023) and a regular exporter (twenty-two months of exports recorded as of November 2022).

The company's website highlights its role as the ONLY Authorised European importer of Genuine Hanix Spare Parts. It caters to a wide range of Hanix models, from H08 to N4502, and emphasizes its 60 years of combined experience in the mini excavator parts industry. The website also features a separate section dedicated to its piano restoration business, 1066 Pianos, which operates from Cambridge and even has a showroom in Harrods. While the two businesses share a name, their operations appear distinct.

Financially, Riley Plant Spares Ltd shows a mixed picture. Current assets increased by 8.6% to £370,000, while net assets grew 9.3% to £350,000. Cash reserves also increased by 11% to £310,000. However, other creditors surged by 190% to £5,800, and other debtors dropped by 84% to £270. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in other creditors suggests a need for careful cash flow management. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Riley Plant Spares Ltd appears to be financially stable, benefiting from its niche market position and established reputation as a Hanix spare parts specialist. The dual business model, with the piano restoration side, adds a layer of complexity, but could also provide diversification and resilience.

Registered in England/Wales under the registration number 06585058, with a registered address at SK14 3SB, Hyde, Cheshire, 1 Aspen Wood.

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