Rtu Group Ltd

Rtu Group Ltd, based in Cardiff, UK, is a small, active company founded six years ago in 2019. With £120,334 in assets and a real address, it’s a solo-founded operation run by a single director and owner. The business operates in the retail sale via mail order houses or via internet, the other retail sale not in stores, stalls or markets industries. While it has dabbled in importing and exporting, activity has been irregular, with just one month of import activity recorded in 2020 and two months of export activity in 2021.

The company’s website, RTUgroup, reveals a more ambitious venture focused on engine technology. It describes RTU as believing in slowing the consequences of the global crisis through research in commercial and industrial sectors. The website highlights a technology that promises reduced pollution, increased fuel efficiency, and high-output engines. It even features videos showcasing the technology and interviews with Reggie Fountain, a world-class boat designer and builder. The site lists locations in Dominican Republic, Central America, Europe, Canada, and Africa, suggesting a global reach.

Financially, Rtu Group Ltd shows a mixed picture. Cash reserves increased significantly by 400% to £6,400, a positive sign, but creditors rose by 44% to £65,000, indicating increased debt. Current assets also increased by 18% to £120,000. 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 agile, but the increase in creditors is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

While the technology described on the website sounds promising, the company’s financials suggest it’s still in an early stage of development. Whether the company can translate its technological vision into sustainable financial performance remains to be seen.

Registered in England/Wales under the registration number 11893676, with a registered address at CF14 8LH, Cardiff, 11893676 - COMPANIES HOUSE DEFAULT ADDRESS.

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