Rmt Import And Export Limited

Rmt Import And Export Limited, based in Newcastle, UK, is a small, active company founded five years ago in 2020. With a single employee and £4,383 in assets, it’s a solo-founded operation led by a director and owner. It maintains a real address and boasts a perfect 5.0 Google rating from one review. The company operates in the wholesale of intermediate products and retail via mail order and internet industries.

The company's website, while minimal, indicates a focus on import and export services, likely catering to small businesses or individuals. It’s difficult to gauge the scale of its operations from the site alone, but the focus on import/export suggests a business facilitating trade rather than manufacturing or retail. It’s not clear if they have an ecommerce presence.

Financially, Rmt Import And Export Limited presents a mixed picture. Current assets have plummeted by a significant 93%, falling to just £1,100. Bank borrowings have increased dramatically, rising by 2,400% to £3,200, while cash reserves have also decreased substantially. Creditors have increased by 2,100%, suggesting a reliance on short-term financing. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the sharp decline in assets and increase in debt raises concerns. The accounts are unaudited, a common exemption for small companies.

The company’s reliance on short-term financing and the decline in assets suggest it may be burning through cash faster than it’s generating revenue. The increase in bank borrowings could be a sign of financial strain, or it could be a strategic move to fund growth. It’s possible the company is experiencing temporary challenges, or it could be a longer-term trend. The lack of employees and the solo founder model may contribute to the company’s financial vulnerability.

Registered in England/Wales under the registration number 12426004, with a registered address at NE4 5RY, United Kingdom, Newcastle, Tyne & Wear, 15 Flat 3, 15 Cookson Close.

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