Rtec Engineering Ltd

Rtec Engineering Ltd, based in Mansfield Woodhouse, UK, is a small, active company founded nine years ago. With a single employee and £69,268 in assets, it’s a solo founder operation led by a director and owner. The company operates in the other business support service activities n.e.c. industries and is an irregular importer, primarily dealing in vehicles, parts, and accessories—the last import activity was recorded one month ago.

The company’s website showcases a range of metrology and inspection services, catering to the manufacturing engineering sectors. Rtec Engineering Ltd offers CMM programming, inspection, 3D laser scanning, and CT scanning, with a focus on providing expert solutions. The site also highlights its capabilities in CMM programming using various software platforms like Mitutoyo MCOSMOS and PCDMIS, and even offers reverse engineering services. A newsletter signup form suggests a focus on customer engagement and product updates.

Financially, Rtec Engineering Ltd presents a mixed picture. While current assets increased by 19% to £69,000, net assets experienced a significant jump of 340% to £56,000—a positive sign of improved equity. However, bank borrowings decreased by 45%, and cash reserves also increased by 140% to £41,000. Trade debtors decreased by 32%, suggesting improved cashflow management. The company meets the criteria for being a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The increase in property plant equipment, particularly in motor vehicles, suggests investment in equipment, though depreciation charges also increased. With no auditor mentioned, the financial statements are unaudited.

Overall, Rtec Engineering Ltd seems to be on a stable footing, showing growth in key areas. The investment in equipment and focus on specialized metrology services suggest a commitment to providing high-value services to its clients, although the company’s reliance on a single employee could be a potential vulnerability.

Registered in England/Wales under the registration number 10048796, with a registered address at NG19 8BD, England, Mansfield Woodhouse, Notts, Jennings Yard, 94-96 High Street.

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