Rjm Contracts Limited

Rjm Contracts Limited, based in Woodford Green, UK, is a small, family-run business with an active status. Established fifteen years ago in 2009, the company employs eleven people and holds £815,945 in assets. Operating from a virtual address shared by 741 other companies, it's managed by two directors and two owners – Morrison Adele and Morrison Robert John. The business is primarily involved in electrical installation and irregularly imports furniture, lighting, and prefabricated buildings, with the last import activity occurring two months ago in March 2022.

The company’s website, while not providing detailed e-commerce functionality, highlights its expertise in electrical contracting, including NICEIC registration and emergency electrical services. It seems to focus on service provision rather than direct product sales, with a focus on commercial clients.

Financially, Rjm Contracts Limited presents a mixed picture. While cash reserves have significantly increased by 630% to £160,000, net assets have decreased by 20% to £160,000. Debtors have fallen by 19%, which could indicate improved collection efforts, but creditors have risen by 96% to £640,000, suggesting increased short-term liabilities. The company's average number of employees has risen by 27% to fourteen, potentially reflecting increased workload. It's a small company, meeting two of three criteria for size (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The accounts are abridged and unaudited, reflecting the company's exemption as a small entity. There’s no mention of an auditor in the report.

The increase in bank borrowings and a decrease in equity suggest the company may be burning through cash to support operations, although the significant increase in cash reserves indicates a recent influx of funds. It’s possible the company has taken on debt to expand its services or invest in equipment. The rise in creditors could be a result of increased purchasing to meet demand.

Registered in England/Wales under the registration number 07053781, with a registered address at IG8 8HD, United Kingdom, Woodford Green, Essex, 19-20 Bourne Court Southend Road.

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