R.m.i. Engineering Limited

Rmi Engineering Ltd, based in Stowmarket, UK, is a small, active company established 20 years ago. With 14 employees and £2,555,446 in assets, it's a well-established operation led by a solo founder and single director. The company holds a respectable 4.0 Google rating based on five reviews, indicating strong customer satisfaction. Rmi Engineering regularly imports machinery, boilers, and mechanical appliances—parts, with three months of import activity recorded, and occasionally exports clothing and accessories, not knitted or crocheted, with one month of export activity.

The company’s website, railmarine.co.uk, reveals a focus on engineering solutions for the rail, marine, and offshore industries. It provides services like rail asset overhaul, offshore wind farm inspections, and industrial metal processing, including plasma cutting and welding. The website highlights a history dating back to 2005, initially working at Felixstowe docks, and expanding to serve Network Rail and the Ministry of Defence. The company emphasizes collaboration, professionalism, and experience, showcasing recent projects like the Wikinger Offshore Wind Farm and the London Array.

Financially, Rmi Engineering Ltd demonstrates a mixed picture. Current assets have declined by 31% to £1,800,000, while net assets have fallen significantly by 47% to £800,000. Bank borrowings have increased by 39% to £140,000, and cash reserves have plummeted 76% to £170,000. Creditors decreased by 37%, suggesting improved debt management. The company’s small size—meeting two of three conditions for being considered small—helps maintain agility. The lack of an auditor mentioned likely means the figures are unaudited.

The substantial decrease in cash reserves and equity raises questions about the company's financial health. While the engineering services appear to be in demand, the company will need to address these trends to ensure long-term stability.

Registered in England/Wales under the registration number 05386907, with a registered address at IP14 2HX, England, Stowmarket, Anglia Business Prk Wattisham Road, Ringshall.

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