Rainbow Sales Limited

Rainbow Sales Ltd, based in Southampton, UK, is a small, active company celebrating 30 years in business. Founded in 1995, it employs just one person and holds £144,244 in assets. With a real address and a single director and owner, Jolley Anil, it maintains a perfect 5.0 Google rating based on two reviews. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 4 months of import activity recorded.

The company's website showcases a wide range of printing supplies, catering to both Canon and HP wideformat printers. It offers inks, parts, and services, positioning itself as an expert in colour copier solutions. The site features a customer login area, a shopping cart, and a focus on managed print services with competitive pricing. It's clear they're targeting businesses needing reliable printing support.

Financially, Rainbow Sales Ltd's picture is mixed. While current assets increased by 28% to £140,000, net assets decreased by 30% to £50,000. Bank borrowings have surged by 240% to £20,000, and cash reserves have fallen 99% to a mere £1,200. Creditors have also seen a dramatic increase, rising 630% to £63,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, likely due to its small size.

The significant increase in bank borrowings and the drop in cash reserves suggest the company may be burning through money, possibly to fund inventory or expansion. However, the increase in creditors could also indicate growing business and delayed payments from customers. It's a bit concerning, but the company's long history and strong Google rating suggest it has weathered challenges before.

Registered in England/Wales under the registration number 03059881, with a registered address at SO17 1QJ, England, Southampton, 60 Roselands Gardens.

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