Rainbowwave Limited

Rainbowwave Limited, based in London, UK, is a small holding company with an active status, established 22 years ago in 2002. The company employs 39 people and holds assets valued at £2,732,000. With two directors and one owner, it operates from a real address and regularly imports and exports clothing and accessories – excluding knitted or crocheted items – for a considerable period, 106 months importing and 108 months exporting.

The company’s website, Rainbowwave Showroom, primarily functions as a sales platform, showcasing its range of products and providing contact information. It operates from 146 Royal College Street, London, and lists a phone number and email address. The site suggests a focus on wholesale and sales, with a showroom available for viewing.

Financially, Rainbowwave Limited presents a mixed picture. While current assets have decreased by 24% to £2,700,000, and net assets have fallen by 49% to £1,400,000, the company's equity has also seen a significant drop of 81%, now standing at just £33,000. Cash bank on hand has halved, falling 53% to £140,000. Debtors have decreased by 18%, while creditors have increased by 40%, reaching £1,400,000 within a year. It’s worth noting that balances owed to related parties have risen dramatically, increasing by 1800% to £422,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity and cash reserves suggests a period of financial pressure. There is no auditor mentioned, which is likely due to the company being exempt as a small entity.

Overall, Rainbowwave Limited appears to be navigating a challenging period, with a focus on maintaining its import and export operations. The decline in financial health, however, warrants close monitoring.

Registered in England/Wales under the registration number 04501620, with a registered address at NW1 0TA, London, 146 Royal College Street.

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