The Remet Company Limited

The Remet Company Limited, a holding company based in London, UK, has been active for 28 years, established back in January 1997. While currently flagged as overdue for confirmation by two months, the company boasts a strong Google rating of 5.0 from eight reviews and employs 109 people. With assets totaling £45,094,482, it operates from a real address and is overseen by six directors and one owner. The company regularly imports copper and copper products (100 months) and exports aluminum and aluminum products (263 months), with the last operations both occurring in January 2025.

The Remet Company Limited’s core business revolves around the wholesale of waste and scrap, with a particular focus on non-ferrous metals. Its website highlights a robust operation, serving commercial and industrial customers. While the primary focus is on scrap metal trading, the company also appears to be involved in related services, potentially including dismantling, processing, and recycling. It's a wholesale operation, not an e-commerce site.

Financially, The Remet Company Limited presents a mixed picture. Bank borrowings have surged by a staggering 3,900%, reaching £15,000,000, while cash bank on hand increased by 40% to £710,000. Creditors have also increased significantly, jumping 73% to £38,000,000. However, current assets grew by a solid 53% to £45,000,000, and net assets increased by 10% to £12,000,000. The company’s significant increase in bank borrowings suggests a possible investment in operations or equipment, but the rise in creditors also indicates a need to manage its short-term liabilities. The company's net loss decreased by 10%, which is a positive sign. The unaudited financial statements, prepared by MGR SD Limited, don't offer a complete picture, but the trends suggest a company navigating a dynamic market.

Registered in England/Wales under the registration number 03302783, with a registered address at E16 4TL, London, Remet Works 9a Cody Business Centre, South Crescent.

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