Rydan Electrical Services Limited

Rydan Electrical Services Ltd, based in Benfleet, UK, is a small, active family business founded 23 years ago. With eight employees and £1,329,977 in assets, it operates from a virtual address shared by 44 other companies, a fact that raises some eyebrows. The company is led by one director and two owners, and maintains a stellar 5.0 Google rating based on three reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import operation occurring in October 2024.

The company’s website, RMS Rydan MultiService, highlights its role as a multidiscipline company offering mechanical and electrical services. It caters to a range of sectors, including office fit-out, higher education, private healthcare, hospitality, and leisure. The site emphasizes "preferred status" with clients due to its "KPIs over 90" and reliable practices. Contact forms and a phone number are prominently displayed, alongside a unit address in Basildon, Essex. The site also features a link to CrispDesign, the company responsible for its web design.

Financially, Rydan Electrical Services Ltd presents a mixed picture. While cash reserves declined by 23% to £970,000, creditors have significantly reduced by 49% to £260,000, suggesting improved debt management. However, net assets have also fallen by 22% to £1,100,000, and current assets have dropped by 29% to £1,300,000. Trade debtors have also seen a decline, falling by 39% to £350,000. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the decrease in equity warrants attention. As a small company, it’s exempt from an audit, relying on unaudited financial statements. The lack of a named auditor is not unusual. Overall, the company seems to be facing some financial pressures, but its strong customer ratings and focus on reliable service may help it weather the storm.

Registered in England/Wales under the registration number 04354227, with a registered address at SS7 2DA, Benfleet, Essex, 376 London Road, Hadleigh.

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