Ragasaan Limited

Ragasaan Ltd from Banbury UK: small company, holding company, active status, founded 24 years ago, 14 employees, £5,839,306 assets, virtual address, 1 director, 1 owner, google rating 5.0 based on 546 reviews. Irregular importer of basic metal tools and utensils (2 months imported). 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 £5,839,306. The company is a irregular importer, with its top import category being Basic metal tools and utensils, totaling 2 months of imports. The last import operation was conducted on May 01, 2023.

Ragasaan Ltd operates as an event catering and planning business, primarily serving the London area. Its website showcases a focus on Indian weddings and corporate events, offering venue selection, décor, and catering services. The company's website has a blog and a newsletter signup, suggesting a desire to engage with potential clients. It also appears to have a separate division specializing in high-end piano restoration, operating from Cambridge and even having a showroom in Harrods. This dual focus – event catering and piano restoration – creates a unique business model. The company’s name, derived from the Sanskrit word "Raga," reflects its emphasis on tone, color, and love, values it applies to both its event planning and piano restoration services.

Financially, Ragasaan Ltd presents a mixed picture. While current assets increased by 14% to £5,800,000, net losses deepened to -£23,000. Bank borrowings increased significantly by 36%, reaching £330,000, and cash reserves fell 27% to £1,900,000. Creditors also increased by 13%, reaching £3,100,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in borrowings and deepening losses suggest it’s burning through cash. Ellacotts LLP is the auditor, but the company is exempt from an audit. It seems the company is investing in growth, but it needs to manage its cash flow carefully.

Registered in England/Wales under the registration number 04106874, with a registered address at OX16 9SA, England, Banbury, Oxfordshire, Countrywide House, 23 West Bar Street.

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