Rl Engineering (industrial & Marine) Limited

Rl Engineering (Industrial & Marine) Limited, based in Glasgow, UK, is a small, active company established six years ago. With twenty employees and £1,172,615 in assets, it operates from a virtual address—a point of note as 310 companies are registered at the same location. The company has two directors and one owner, and enjoys a perfect 5.0 Google rating from five reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in November 2023.

The company’s website highlights its diverse range of services, from design and commissioning to oil analysis and LOLER/HAVS testing. It serves both industrial and marine sectors, partnering with companies like Aggregate Industries, Babcock, and Calmac. Rl Engineering acts as an authorized distributor for Norbar Torque Tools, Hydac Technologies, and Bosch Rexroth, offering a wide range of products and services. The company's vision is to become a global sales and service provider, while its mission is to reduce operating costs and environmental impact for clients.

Financially, Rl Engineering’s numbers present a mixed picture. While current assets have increased by a healthy 74% to £1.2 million, net assets have also risen by 50% to £590,000. However, bank borrowings have jumped 66% to £640,000, and cash reserves have only increased slightly to £160,000. Creditors have significantly risen by 94% to £1.1 million, and trade debtors have increased by 61% to £680,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the substantial rise in debt warrants attention. The company is exempt from an audit, so the figures are unaudited. The sharp increase in other creditors, up 530%, suggests possible investments or expansion efforts. It’s likely the company is burning through cash to grow, but whether it can sustain this rate remains to be seen.

Registered in Scotland under the registration number SC604385, with a registered address at G2 4BG, Scotland, Glasgow, 2nd Floor, 22-24 Blythswood Square.

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