Rad One Ltd

Rad One Ltd from Haywards Heath UK: small company, active status, founded 11 years ago, £972,690 assets, real address, 2 directors, 2 owners. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £972,690. The company operates in the manufacture of homogenized food preparations and dietetic food, the retail sale in non-specialised stores with food, beverages or tobacco predominating, the retail sale of fish, crustaceans and molluscs in specialised stores, the retail sale via mail order houses or via internet industries.

While a website isn't available to review, the company’s description suggests a multi-faceted operation. It seems likely they operate an e-commerce site, given the mention of retail via mail order and the internet. However, the core business appears to be a mix of food preparation, retail of food and beverages, and even the sale of fish and seafood. It's a bit unusual to see such diverse activities under one company, but it could indicate a strategy of diversification or catering to a broad range of customer needs.

Financially, Rad One Ltd presents a mixed picture. Current assets have seen a dramatic increase, jumping 240% to £970,000. However, net assets have fallen sharply, dropping 580% to £370,000. Bank borrowings have also increased significantly, up 650% to £360,000. Trade debtors have also increased by 470% to £130,000, which could indicate they are extending credit to customers or experiencing payment delays. It’s interesting to note that creditors have also increased by a huge 56,000% to £550,000, which is a big change. Cash reserves have decreased by 33% to £70,000. The company's small size (meeting two of three criteria) helps it remain agile, but the significant equity drop and increased debt raise questions about its long-term financial health. The lack of an auditor (likely exempt as a small company) means these figures are unaudited.

Hughes Russell and Mobbs Andrew are the owners, and Mobbs Andrew and Hughes Russell are the directors. The accounts were authorised for issue in April 2024.

Registered in England/Wales under the registration number 08697032, with a registered address at RH16 1UZ, England, Haywards Heath, 32 Barnmead.

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