Rangeplus Ltd

Rangeplus Ltd from Croydon UK is a small, active company founded eleven years ago in 2013. With fifteen employees and £422,662 in assets, it operates from a real address and is managed by one director and owner. The company runs an e-commerce site and has a Google rating of 4.0 based on twelve reviews. It’s an irregular importer of essential oils and perfumes (one month of imports) and an irregular exporter of cocoa and cocoa products (two months of exports).

The company’s website showcases a wide range of products, including toiletries, cosmetics, confectionary, and grocery items, catering to diverse categories like baby products, beauty, health care, and more. It offers a variety of brands and products, with a focus on quick delivery and competitive pricing. The site’s design suggests a broad appeal, targeting both individual consumers and potential wholesale buyers.

Financially, Rangeplus Ltd’s recent performance presents a mixed picture. Current assets have significantly decreased by 52%, falling to £420,000, while net assets have plummeted 64%, settling at £160,000. Bank borrowings have also increased substantially, rising by 84% to £17,000. Cash reserves have completely vanished, dropping 100% to zero. Creditors have remained relatively stable, though, suggesting some level of debt management. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the sharp decline in equity raises concerns. As a small company, it’s likely exempt from an audit, relying on unaudited financial statements.

The decrease in assets and cash, coupled with increased borrowing, could indicate that Rangeplus Ltd is burning through money, perhaps investing in inventory or marketing to drive sales. It’s possible that the irregular import and export activities are contributing to these fluctuations, or that broader economic factors are impacting the business.

Registered in England/Wales under the registration number 08653341, with a registered address at CR0 3EU, England, Croydon, Unit 8 Thornton Road Industrial Estate.

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