Romax Contractors Ltd

Romax Contractors Ltd, based in Loughton, UK, is a small, active company founded nine years ago in 2016. It employs three people and holds £273,367 in assets, operating from a real address in Sterling House. With one director and one owner – Khimchak Roman – at the helm, the company is involved in the other building completion and finishing industries. It's also an irregular importer, bringing in furniture, lighting, and prefabricated buildings, with the last import operation recorded two months ago in June 2024.

The company's website is minimal, providing little insight beyond its core business. There's no e-commerce presence, suggesting a focus on direct contracts or wholesale supply rather than online retail. It’s a straightforward operation, seemingly reliant on established relationships and project-based work.

Financially, Romax Contractors Ltd presents a mixed picture. While cash bank on hand increased slightly by 3.1% to £130,000, accrued liabilities decreased by a significant 53% to £36,000. Trade debtors increased by 25% to £110,000, which could indicate delayed payments from clients, or perhaps an expansion of credit terms. On the positive side, creditors decreased by 23%, suggesting better debt management. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the increase in loans from directors – surging 160% to £47,000 – warrants attention. The company’s net assets increased by 14% to £210,000. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Romax Contractors Ltd seems to be holding its own, but the increased reliance on director loans and the rise in trade debtors are points to watch. The company’s focus on building completion and finishing, combined with its irregular import activity, suggests a business navigating a competitive market.

Registered in England/Wales under the registration number 09982081, with a registered address at IG10 3TS, England, Loughton, Suite 310d Sterling House, Langston Road.

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