Run Flat Systems Limited

Run Flat Systems Ltd, based in Doncaster, UK, is a small, active company established eighteen years ago. With eight employees and £798,341 in assets, it operates from a real address and is managed by six directors, although no owners are officially listed. The company irregularly imports and exports iron or steel products, with activity recorded just one month in the last two years.

The company's website highlights its specialization in RunFlat systems and reinforced wheels, primarily for military vehicles. It's positioned as the leading independent supplier in the defence and security sector, boasting a reputation for quality and performance. The company offers a complete range of wheels and systems, capable of allowing vehicles to travel up to 100km with deflated tyres, and caters to various applications, including military, emergency, and commercial vehicles. Products include dynamic and static RunFlat systems, beadlock systems, and a wide range of wheels.

Financially, Run Flat Systems Ltd shows some interesting trends. Accumulated amortisation and depreciation have increased, suggesting ongoing investment in development and equipment. Cash reserves have significantly increased, which is a positive sign. However, creditors have also risen substantially, indicating increased reliance on borrowing. Despite a decrease in bank borrowings, net assets have fallen, suggesting a decline in equity. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in equity warrants further investigation. The absence of an auditor (likely exempt as a small company) means the financial statements are unaudited.

Overall, Run Flat Systems Ltd appears to be a stable, albeit small, business with a specialized product offering. The company’s financial performance suggests ongoing investment and growth, but also increased financial pressure.

Registered in England/Wales under the registration number 06057388, with a registered address at DN9 3QZ, United Kingdom, Auckley, Doncaster, South Yorkshire, Unit 3a Aviator Court, First Avenue.

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