Raysong Limited

Raysong Limited is a small, active company based in London, UK, founded two years ago in June 2022. With just two employees and £43,151 in assets, it operates as a family business with two directors and two owners. The company’s registered address is a virtual one, shared by 184 other businesses, which is a bit odd. Raysong Limited is an irregular importer, bringing in optical and medical tools and devices, with the last import activity occurring in October 2023.

The company's website, Raysong Fashion and Accessories, showcases a range of fashion items, including personalized gift anklets, belts, bracelets, earrings, hair accessories, and necklaces. The site is a fully functional e-commerce platform, with product listings, shopping cart functionality, and secure payment options. It’s clear the business is focused on online retail, offering a wide selection of trendy accessories.

Financially, Raysong Limited presents a mixed picture. While the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, some numbers are concerning. Net assets are negative at -£92,000, and net current assets are also negative at -£100,000. Cash bank on hand remains steady at £11,000, but trade creditors have increased to £150,000. The increase in creditors, combined with the negative equity, suggests the company may be burning through cash to keep operations afloat. The lack of an auditor mentioned (likely exempt as a small company) means the financial statements are unaudited.

Despite these challenges, the company’s active website and focus on fashion accessories indicate ongoing efforts to generate revenue. Whether these efforts will be enough to overcome the current financial pressures remains to be seen.

Registered in England/Wales under the registration number 14205211, with a registered address at SE1 0HS, United Kingdom, Borough, London, C/O Sloane & Co, Office 015, 30 Great Guildford Street.

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