Ring Engineering Limited

Ring Engineering Limited, based in East Molesey, UK, is a small, active company founded three years ago. With two employees and £106,591 in assets, it’s a solo-founded operation led by a single director and owner. The company operates from a real address shared by eight other businesses. It’s a regular importer, primarily bringing in machinery, boilers, and mechanical appliances parts, with the last import activity recorded four months ago.

The company’s website reveals a fascinating specialization: model train control systems. Ring Engineering created RailPro, a user-friendly system designed to make model train hobbying more enjoyable, moving away from complex programming. They sell directly through their website, through hobby shops supplied by Walthers, and even offer free shipping. The website also mentions Ultimate Series Sounds and True Motion Technology, hinting at ongoing product development. It's a niche market, but one they’re clearly passionate about.

Financially, Ring Engineering shows a mixed picture. Current assets increased by 66% to £110,000, a positive sign, but retained earnings plummeted 88% to just £9. Bank borrowings remained steady, and cash reserves decreased by 6.3% to £2,400. Creditors increased by 28% to £210,000, which could be a result of increased inventory purchases to support sales. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, so the accounts are unaudited.

Overall, Ring Engineering seems to be navigating a challenging financial landscape, with a significant drop in equity despite increased assets. Whether this is a temporary setback or a longer-term trend remains to be seen—but the company's focus on a specialized product and direct sales suggests a commitment to its niche market.

Registered in England/Wales under the registration number 13494135, with a registered address at KT8 0PB, United Kingdom, East Molesey, Surrey, 32 Seymour Road.

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