Roco9 Ltd

Roco9 Ltd from Newry UK is a small holding company with an active status, established five years ago. The company employs five people and holds £2,466,119 in assets, operating from a real address with three directors and two owners. It’s an irregular importer of machinery, boilers, and mechanical appliances; parts, with just one month of imports recorded, but a regular exporter of the same items, with ten months of export activity.

The company’s core business revolves around the manufacture of equipment for concrete crushing and screening, as well as roadworks industries. It’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company’s website, while not fully developed, highlights its expertise in these areas.

Financially, Roco9 Ltd shows some concerning trends. Cash bank on hand dropped significantly by 80%, plummeting to £170,000. Trade debtors increased dramatically by 800%, reaching £620,000, which could indicate difficulties in collecting payments. However, creditors also increased by 12%, suggesting that the company is managing its short-term liabilities. Equity grew by 38%, reaching £840,000, which is a positive sign. Average number of employees during the period increased by 60%, from five to eight, which could be a sign of growth, but also increased costs. The company’s lack of an auditor is not surprising, given its size and exemption status.

While the company’s financial picture isn’t entirely clear, the increase in employees and growth in equity are encouraging. The sharp decrease in cash reserves and the rise in trade debtors, however, warrant closer monitoring. It's likely that Roco9 Ltd is experiencing the typical challenges of a growing business, but the management team will need to address these issues to ensure long-term stability.

Registered in Northern Ireland under the registration number NI667038, with a registered address at BT35 9JD, Northern Ireland, Newry, 205a Concession Road, Crossmaglen.

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