Red Carpet Ready Limited

Red Carpet Ready Ltd from Lincoln UK: a small company with an active status, was founded eleven years ago in 2013. Employing twenty-eight people, the company holds £599,646 in assets and operates from a real address. With one director and one owner, it runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 1508 reviews. The company regularly imports clothing and accessories, not knitted or crocheted, with forty-four months of import activity recorded.

The company’s website, redcarpetreadylincoln.co.uk, is dedicated to prom dresses and evening gowns, offering a wide selection of styles, including RCR exclusives, sale items, and dresses for pageants and celebrity events. Customers can shop by type, style, or colour, and the site emphasizes a unique shopping experience with five themed showrooms and a guarantee that no two customers from the same school will have the same dress. They even offer telephone ordering and booking services. It’s clear they are aiming to be the go-to destination for prom-goers.

Financially, Red Carpet Ready Ltd shows some interesting trends. Average number of employees increased by 25%, rising to thirty-five, which could be a sign of growth. However, cash bank on hand decreased by 26%, dropping to £220,000. Creditors increased by 53%, reaching £130,000, and bank borrowings remained steady at £11,000. The company's small size—meeting two of three conditions for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees)—helps it remain flexible, but the increase in creditors suggests they might be relying on credit to manage operations. The company's inventories also increased significantly, by 100%, to £360,000, which could be a strategic move to stock up for peak season, or a sign of overstocking. No auditor is mentioned, which is common for small companies. The unaudited statements give a snapshot of their current position. Overall, Red Carpet Ready Ltd seems to be a thriving business with a strong online presence, but it’s important to monitor their debt levels and inventory management.

Registered in England/Wales under the registration number 08583603, with a registered address at LN4 1PY, Lincoln, 40 Hall Lane, Branston.

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