Rckitout Ltd

Rckitout Ltd, based in Harrow, UK, is a small, family-run e-commerce business that’s been active for four years. Employing just three people, the company holds £50,467 in assets and operates from a virtual address – fifteen companies share the same location. It’s led by two directors and owners, Kulkarni Medinee and Kulkarni Pankaj, and boasts a stellar 5.0 Google rating from 32 reviews. The company regularly imports toys, games, and sports equipment, with its most recent import operation occurring in October 2023.

The company's website is a comprehensive online marketplace for remote-controlled (RC) enthusiasts. It offers a vast selection of chassis kits, parts, accessories, and tools from brands like MST, Overdose, Reve D, and Yokomo. The site caters to various RC disciplines, including on-road, off-road, crawler, and drift racing, with dedicated sections for Tamiya kits and RC toys. It also provides services like chassis customization and body shop work, alongside a wide range of electronics, tools, and pit accessories. The sheer volume of products suggests a deep understanding of the RC hobby and a commitment to serving a niche market.

Financially, Rckitout Ltd’s recent performance presents a mixed picture. Current assets decreased by 14% to £50,000, while net assets also fell by 27% to -£100,000. Bank borrowings increased significantly, reaching £6,000, and cash reserves vanished completely. Creditors rose by 9.3% to £160,000, and trade debtors decreased by 31%. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the substantial equity decline and reliance on bank borrowing raise concerns. No auditor is mentioned, meaning the financial statements are unaudited.

Despite the financial challenges, Rckitout Ltd’s strong Google rating and extensive product range suggest a loyal customer base. Whether the company can sustain its growth and profitability remains to be seen, but its focus on a passionate hobby and commitment to customer service provides a solid foundation.

Registered in England/Wales under the registration number 12866863, with a registered address at HA1 2TP, England, Harrow, 211 Station Road.

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