Rakastaka Limited

Rakastaka Ltd from Haywards Heath UK: small company, active status, founded 20 years ago, 2 employees, £12,698 assets, virtual address, 3 directors, 2 owners, e-commerce site, google rating 1.0 based on 1 reviews. 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 £12,698. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has two owners or PSCs, three directors, and two employees.

The company’s website, RakaStaka, is a unique proposition: a space-saving rack stacker for bottles and cans. It was born out of a frustrated dinner party moment, when the inventor struggled to fit beers in the fridge. The company gained further exposure after appearing on Dragons’ Den, showcasing its gravity-defying solution for wine, beer, and soda cans. The site sells a range of products, including packs of 2 and 3 can racks, as well as champagne and wine racks, all crafted from natural wood fibre. The site also features a blog and newsletter signup, suggesting a focus on customer engagement and brand building.

Financially, Rakastaka Ltd presents a mixed picture. Current assets have fallen by 46%, dropping to £13,000, while net assets have also declined, reaching -£62,000. Bank borrowings have increased to £74, while cash reserves are down to just £23. Creditors have also increased slightly, reaching £75,000. The company’s small size and virtual address, along with the fact that 284 companies registered at the same address, suggest it’s a lean operation, but the sharp decline in equity and cash reserves raises concerns. There’s no auditor mentioned, which is common for small, exempt companies. The company’s reliance on a single Google review, which is not very good, could also be a challenge. It’s a small company, but it’s burning through money, and it’s important to keep an eye on its financial health.

Registered in England/Wales under the registration number 05303364, with a registered address at RH16 3TP, England, Haywards Heath, West Sussex, 3rd Floor 21 Perrymount Road.

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