Rash Accessories Ltd

Rash Accessories Ltd is a small, active company based in Bolton, UK, founded five years ago in 2019. With just two employees and £88,397 in assets, it operates as a solo-founded e-commerce business, managed by a single director and owner, Ali Rashid. The company's registered address is a real one, with only one other business registered there, suggesting a low-profile operation. It’s incorporated under the small companies regime.

The company’s website, Marine Super Store, is a well-established online retailer specializing in marine equipment and clothing. It offers a vast range of products, from GPS navigation systems and safety gear to wetsuits and boat maintenance supplies. The site caters to both recreational boaters and commercial marine operators, with a strong focus on quality brands and competitive pricing. It’s a comprehensive resource for anyone involved in boating or watersports.

Financially, Rash Accessories Ltd presents a mixed picture. While cash reserves increased significantly by 170% to £14,000, current assets decreased by 20% to £88,000. Debtors have fallen dramatically, decreasing by 84% to just £4,400, which could indicate improved collection practices or a reduction in credit sales. However, net losses deepened, and bank borrowings increased, suggesting the company is burning through cash. Creditors also decreased, which is a positive sign. The company’s small size (meeting two of three conditions for being considered small) allows for flexibility, but the declining equity and increased borrowings are concerning. The financial statements are unaudited, and no auditor is mentioned.

Overall, Rash Accessories Ltd appears to be navigating a challenging financial environment. The company’s established online presence and wide product range are strengths, but the need to manage cash flow and control costs will be critical for its long-term success.

Registered in England/Wales under the registration number 12230377, with a registered address at BL2 6BG, England, Bolton, 26 Romer Street.

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