Redfit Ltd

Redfit Ltd, a holding company based in Hemel Hempstead, UK, is a sizable player in the toys, games, and sports equipment market. Established ten years ago, the company employs 29 people and boasts assets of £7,387,462, generating a substantial £27,130,871 in yearly revenue. With a perfect 5.0 Google rating based on four reviews, it operates as both a regular importer and exporter of these goods, having imported for 482 months and exported for 41 months. The company's address is a real one, with only three other companies registered there. It's overseen by one director and one owner, with Unybrands Operations Ltd owning the company. Cohen Richard James is the director.

The company’s website doesn’t offer a lot of detail, but it appears to be primarily an e-commerce operation, selling toys, games, and sports equipment. It’s unclear if there’s a physical retail presence.

Financially, Redfit Ltd presents a mixed picture. While turnover has increased significantly by 62%, rising to £27,130,871, other key indicators show signs of pressure. Current assets have decreased by 19%, falling to £7,400,000, and net assets have plummeted 73%, dropping to £16,000. Bank borrowings have increased by 28%, reaching £2,200,000, while cash reserves have decreased by 13%, falling to £2,500,000. Creditors have increased by 34%, reaching £4,100,000. The company's size (meeting two of three conditions for a large company) indicates a significant operation, but the decline in equity and increased debt suggest potential financial strain. The company was audited by Raffingers LLP. The increase in creditors could be a sign of delayed payments or an expansion of credit terms. The sharp drop in net assets, however, is a cause for concern, and it’s possible that the company is burning through cash to maintain operations. It is likely that the recent sale to Unybrands has impacted these numbers.

Registered in England/Wales under the registration number 09448387, with a registered address at HP2 4ZB, England, Hemel Hempstead, Dc 3 Blossom Way.

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