Reem Products Ltd
- Active
- Small
- 6 years
- Accounts overdue 3 years
- Confirmation overdue 3 years
- 5 employees
- £30,509 (cur assets)
- 0-1m
- Irregular importer
- Real address
- 1 director
- 1 owner
- Heywood
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Reem Products Ltd from Heywood UK: a small, active company founded five years ago, is currently facing some financial challenges. The company, which employs five people and holds £30,509 in assets, is a regular importer of soaps, cleaning products, and waxes—with just one month of imports recorded as of September 2020. It operates from a real address and is managed by one director and owner, Taylor Lee.
The company’s website is currently unavailable, making it difficult to determine the full scope of its operations. However, it appears to be involved in the agents involved in the sale of a variety of goods industries.
Financially, Reem Products Ltd is showing some concerning trends. Net assets have dropped to -£43,000, and cash bank on hand is just £7,100. Creditors have increased, reaching £48,000 within a year and £69,000 after a year. While fixed assets remain steady at £43,000, the significant equity decline suggests the company is burning through cash. 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 it to remain agile, but the lack of retained earnings is a worry. As a small company, it’s exempt from an audit, so the figures are unaudited.
The company’s irregular import activity and current financial state suggest it’s navigating a tough market. Whether it can turn things around remains to be seen.
The company operates in Agent and brokers → Other diversified agent/brokers n.e.c..
Registered in England/Wales under the registration number 12506853, with a registered address at OL10 4AB, England, Heywood, Park Works, River Street.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 6 years
- 1
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 6 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted four years ago.
Last news
-
Compulsory strike-off action has been suspendedDownload 1 page pdf report
-
First Gazette notice for compulsory strike-offDownload 1 page pdf report
-
Confirmation statement made on 2021-10-13 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
FAQ about Reem Products Ltd
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