Raffe Limited

Raffe Limited is a small, active company based in Mildenhall, UK, founded two years ago in 2022. With just one employee and £59 in assets, it’s a solo founder operation led by a single director and owner. The company operates in the retail sale of clothing in specialised stores, retail sale via stalls and markets of textiles, clothing and footwear, and retail sale via mail order houses or via internet industries. It has a real registered address at Unit A, 82 James Carter Road, and is one of only a few companies registered at that location.

The company’s website, while not explicitly detailed in the report, suggests a focus on online retail and potentially a broader range of products, though specific details are lacking. It’s a small business, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Raffe Limited is showing some concerning trends. Current assets have plummeted by a significant 81%, dropping from £320 to just £59. Cash reserves have also seen a dramatic decrease, falling 82% to £58. While creditors have remained relatively stable, the sharp decline in assets and cash is notable. Bank borrowings, however, have increased by 2.5%. The company’s net assets and net current assets are both at -£17,000. It's important to note that these are unaudited figures, and the company is exempt from an audit as a small entity.

The lack of employees and the negative equity suggest Raffe Limited might be burning through cash, which is not unusual for a startup. Whether this is a temporary setback or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 14155317, with a registered address at IP28 7DE, England, Mildenhall, Suffolk, Raffe Limited,, Unit A, 82 James Carter Road.

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