Rivertek Services (uk) Ltd

Rivertek Services (uk) Ltd is a small, active company based in Burntwood, UK, established nine years ago in 2016. With £514,067 in assets and a real registered address, it's a lean operation managed by one director and owner, Colin Cleary. The company regularly imports vehicles, parts, and accessories—eight months of activity recorded—and exports machinery, boilers, and mechanical appliances—four months of activity. Its website, rivertekservices.com, showcases a partnership with KATO Cranes, a Japanese manufacturer, and details a UK depot and Irish headquarters.

The website focuses heavily on KATO cranes, highlighting their build quality, low fuel consumption, and resale value. It’s clear that Rivertek Services acts as a distributor and dealer for KATO, offering cranes for sale and providing stock lists and support. The website also mentions a separate division, 1066 Pianos, which is interesting. It’s not immediately obvious how the two businesses are linked.

Financially, Rivertek Services Ltd presents a mixed picture. Cash bank on hand increased significantly, up 69% to £410,000, a good sign. However, creditors decreased by 17%, down to £290,000, and trade debtors fell dramatically, down 84% to just £10,000. This could suggest improved debt management, but also a potential slowdown in sales. Net assets increased by 35% to £230,000, a positive trend. Fixed assets, however, dropped by 68%, which is a little concerning. The company’s small size—meeting two of three criteria for a small company—means it’s likely exempt from an audit, and the figures are unaudited.

Overall, Rivertek Services Ltd appears to be navigating a period of change. The increased cash reserves are encouraging, but the decline in fixed assets and the fluctuating debtor/creditor balance warrant close monitoring. The focus on KATO cranes seems to be a key driver of the business, and its success will likely depend on maintaining a strong relationship with its Japanese partner.

Registered in England/Wales under the registration number 09971892, with a registered address at WS7 3FU, England, Burntwood, Unit 5 Cannel Road, Zone 3, Burntwood Business Park.

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