Rsl Engineering Limited

Rsl Engineering Ltd, based in Hatfield, UK, is a small, active company established 17 years ago. With eight employees and £713,533 in assets, it operates from a real address and is managed by three directors and a single owner. The company regularly imports machinery, boilers, and mechanical appliances, parts (with 24 months of import activity recorded, the latest in December 2024), but exports these same items irregularly (just 2 months of export activity, the latest in December 2022).

The company’s website is non-existent, which makes it difficult to understand the business model. However, the company description indicates it operates in the manufacture of metal forming machinery, and other manufacturing industries. This suggests a B2B focus, potentially supplying components or providing engineering services rather than direct consumer sales.

Financially, Rsl Engineering Ltd presents a mixed picture. While current assets increased by 16% to £710,000, net assets grew by a more substantial 16% to £700,000. However, bank borrowings surged by 170% to £50,000, and trade debtors increased by 170% to £320,000. This suggests the company is taking on more debt and extending credit to customers, which could be a strategy for growth but also carries risks. Average number of employees decreased by 25% to six, which could be a result of restructuring or reduced demand. Creditors increased by 70% to £220,000, which may be a result of increased spending. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in debt warrants closer monitoring. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s reliance on imports, coupled with irregular exports, suggests a focus on supplying specialized components or providing engineering services. Whether it can sustain this model amid fluctuating demand and increased debt remains to be seen.

Registered in England/Wales under the registration number 06470218, with a registered address at AL9 5PQ, England, Hatfield, Hill End Farm, Hill End Farm.

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