Russell Finex Limited

Russell Finex Limited, a holding company based in Middlesex, UK, has been a fixture in the industrial sieving and filtration sector for 90 years. Founded in 1934, the company employs 205 people and holds assets totaling £38.8 million. With seven directors and one owner, Russell Finex is a well-established business, boasting a Google rating of 4.0 based on eight reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with a substantial 553 months of export activity recorded.

The company’s website paints a picture of a leader in separation technology, serving industries from food and beverage to additive manufacturing. Russell Finex doesn't appear to be an e-commerce business, instead focusing on providing industrial equipment and solutions. Their site highlights a wide range of products, including sieves, separators, and filters, and offers resources like case studies, demonstration videos, and a machine selector. They even offer after-sales support, including meshing services and filter upgrades.

Financially, Russell Finex shows some interesting trends. Accrued liabilities decreased by 14%, while deferred income also fell by the same amount. Property plant and equipment increased by 29%, and cash bank on hand decreased by 15%. The company’s comprehensive income expense saw a significant drop, falling 82%. It’s a bit concerning that deferred tax liabilities increased by 140%, but it’s likely a result of accounting adjustments rather than a fundamental problem. Bank borrowings are at zero, which is positive. The company’s net assets increased by 65%, which is a good sign.

The lack of mention of an auditor suggests the company is exempt from an audit, likely due to its size. While the company's financials don't reveal any immediate red flags, the decrease in cash reserves warrants monitoring. The company's long history and strong industry reputation suggest it's well-positioned for continued success, but the financial data hints at a period of adjustment.

Registered in England/Wales under the registration number 00294532, with a registered address at TW13 7EW, Middlesex, Browells Lane, Feltham.

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