Rimac Technology R&d Uk Limited

Rimac Technology R&D UK Ltd, based in Witney, UK, is a large, active company established three years ago. Employing 29 people, it holds assets worth £1,074,843 and generates an impressive £8,846,590 in yearly revenue. With a real address and overseen by one director and one owner, the company regularly imports and exports electrical machinery and equipment—nine months of imports and six months of exports recorded.

The company's website paints a picture of a media outlet and industry resource, rather than a direct e-commerce business. It’s a hub for news, articles, and features related to automotive powertrain technology, covering everything from electric vehicles and fuel cells to hybrid systems and engine components. The site includes a job board, supplier spotlights, and a calendar of events, suggesting a focus on connecting industry professionals and providing valuable information. It seems to be a content-driven platform, likely generating revenue through advertising, subscriptions, and event sponsorships.

Financially, Rimac Technology R&D UK Ltd shows some concerning trends. While turnover is substantial, several key metrics point to potential challenges. Accrued liabilities have skyrocketed by 2100%, and depreciation on computer equipment has increased by 430%, indicating increased operational expenses. Staff costs have risen significantly, with an average of 73 employees reported, a jump from the previous 29. Bank balances have plummeted by 94%, and cash reserves are low. While creditors have decreased slightly, the overall picture suggests the company is burning through cash. The company’s large size (meeting two of three criteria for a large company) means it’s subject to more rigorous reporting requirements. The auditor, Dafferns LLP, has provided an opinion on the financial statements, lending some credibility to the reported figures.

Overall, Rimac Technology R&D UK Ltd appears to be a dynamic company operating in a rapidly evolving industry. While its revenue is impressive, the financial data suggests it’s facing some financial pressures, and the company’s ability to sustain its growth will depend on its ability to manage its expenses and maintain its position as a leading resource for automotive powertrain technology.

Registered in England/Wales under the registration number 13816260, with a registered address at OX29 0AX, United Kingdom, Witney, Oxfordshire, 1 Tungsten Park, Colletts Way.

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