Rivitswade Limited

Rivitswade Ltd from Havant UK: small company, holding company, active status, founded 42 years ago, 30 employees, £1,459,659 assets, virtual address, 4 directors, 1 owner, google rating 5.0 based on 4 reviews. Regular importer of iron or steel products (6 months imported). Regular exporter of iron or steel products (22 months exported). Rivitswade Ltd is a specialist pipework manufacturer operating out of Hampshire, UK. The company, established in 1983, employs 30 people and holds assets totaling £1,459,659. It’s a holding company with a strong Google rating of 5.0, based on four reviews, and has been actively importing and exporting iron and steel products for a combined total of 28 months. The registered address is a virtual one, shared by many other companies, which is a little unusual.

The company’s core business revolves around the manufacture and supply of high-quality ductile iron and steel pipework, fittings, and associated products, primarily serving the water industry. Their website details a range of services, including ductile iron and steel fabrications, engineered products, and coating plant services. They also have a dedicated export department with 30 years of experience, particularly focused on European and Middle Eastern markets. The website also highlights the company's ability to undertake bespoke projects and provide world-wide experience.

Financially, Rivitswade Ltd shows some concerning trends. While current assets remain relatively stable at £1,500,000, net assets have fallen by 7%, indicating a possible drain on equity. Bank borrowings have decreased by 20%, which is a positive sign, but cash reserves have also dropped by 9%, leaving a smaller buffer. Interestingly, directors’ advances and credits have fluctuated significantly, with repayments up 25% and advances up 8.2%, suggesting a complex relationship between the company and its directors. The company’s small size—meeting two of three conditions to be classified as small—helps it maintain agility, but the decline in equity warrants closer examination. The lack of a mentioned auditor, likely due to being exempt as a small company, means the financial data is unaudited.

Overall, Rivitswade Ltd appears to be a well-established, niche manufacturer, but the financial data suggests a need to carefully manage its resources and address the declining equity to ensure long-term sustainability.

Registered in England/Wales under the registration number 01686194, with a registered address at PO9 1QU, Havant, Hampshire, Station House, North Street.

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