Rc Model Shop Direct Ltd

Rc Model Shop Direct Ltd, based in Normanton, UK, is a small, active company founded ten years ago in 2014. Employing just two people, it holds £52,068 in assets and operates from a real address. With one director and owner—a solo founder—the business runs an e-commerce site and enjoys a stellar 5.0 Google rating from 167 reviews. It's a regular importer, bringing in toys, games, and sports equipment for the past thirteen months, with the latest import occurring in October 2024.

The company’s website showcases a vast selection of RC models, parts, and accessories, catering to hobbyists with a wide range of interests. From RC cars and planes to boats and drones, it offers a comprehensive inventory sourced from numerous brands. The site also features a repair centre, highlighting its commitment to customer service and model maintenance. It’s a one-stop shop for all things RC.

Financially, Rc Model Shop Direct Ltd presents a mixed picture. While cash reserves have dwindled by a significant 70% to just £1,100, current assets have decreased slightly to £52,000. Creditors have also fallen, decreasing by 24% to £68,000, which could suggest improved debt management. However, the most concerning trend is the dramatic decline in equity, dropping 53% to -£27,000. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the equity decline is a worry. The lack of an auditor—likely due to small company exemption—means the figures are unaudited.

The company's retained earnings are also in the negative, which is not ideal. It's clear that the business is burning through cash, and the decrease in equity suggests it’s relying on borrowed funds to keep operating. While the Google rating is excellent, the financial data indicates a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 09142050, with a registered address at WF6 1QY, England, Normanton, West Yorkshire, 376 Castleford Road.

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