R K Wholesale Limited

R K Wholesale Limited, based in Stoke-on-Trent, UK, is a sizable company with a 32-year history, currently employing 432 people and holding assets valued at £110,652,350. It operates as a holding company with an active status, and has three directors and one owner. The company boasts a Google rating of 4.0 based on 72 reviews, and is a regular importer and exporter of electrical machinery and equipment, with 1683 months of import activity and 721 months of export activity.

The company’s website, RKW, suggests a business focused on wholesale distribution, although it doesn’t offer direct e-commerce. It appears to be a B2B operation, supplying electrical components and equipment to other businesses rather than selling directly to consumers. The site’s design is functional, prioritizing product listings and technical specifications over flashy visuals, which is typical for a wholesale distributor.

Financially, R K Wholesale Limited’s recent performance shows some concerning trends. While turnover remains substantial, current assets have decreased by 25% to £110 million. Net assets have also fallen significantly, dropping 14% to £80 million. Bank borrowings have increased dramatically, rising by 800% to £4.6 million, while cash reserves have decreased by 65% to £2.2 million. Creditors have also increased by 24%, suggesting a need to manage debt. The company's average number of employees has increased by 17%, which could be a positive sign of growth, but also puts pressure on resources. The lack of a detailed auditor’s report (likely exempt due to its size) means the figures are unaudited.

Despite these challenges, R K Wholesale Limited’s long history and established position in the electrical machinery sector suggest resilience. The increase in bank borrowings could be a strategic move to fund expansion or manage working capital, but the decrease in cash reserves warrants close monitoring. The company’s continued import and export activity indicates ongoing demand for its products, and the positive Google rating suggests good customer satisfaction. The company’s financial statements were prepared by DJH Audit Limited.

Registered in England/Wales under the registration number 02784084, with a registered address at ST4 2NL, Stoke On Trent, Staffordshire, Sutton House Berry Hill Road, Fenton.

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