Reika Limited

Reika Bags, Backpacks & Accessories Sustainable Carry, Reimagined.

Reika Limited is a small, UK-based company specializing in sustainable carry solutions. Founded in 2022, the company operates from a real registered address and employs just one person, managed by a single director. Its focus is clear: designing and selling durable, eco-friendly bags, backpacks, and accessories. The website highlights a commitment to responsibility and ethical sourcing, aiming to provide "bags, without the baggage." The site is well-designed, but does have limited support for some browsers.

The company's website, Reika, is an e-commerce platform showcasing a range of products, including the popular 20L Roll Top Backpack and 35L Travel Pack. It offers free UK shipping for orders over £75 and caters to an international audience with multiple currency options and a comprehensive list of countries. The site is clearly geared towards direct-to-consumer sales, with a focus on visual appeal and product storytelling. There’s a blog section too, which is a nice touch.

Financially, Reika Limited presents a mixed picture. While net assets increased by a staggering 110% to £14,000, largely driven by retained earnings, the company is clearly burning cash. Bank borrowings decreased by 32% to £21,000, which is positive, but bank overdrafts increased by 10% to £31,000. Trade debtors decreased by 20% to £110,000, which is good, but other creditors increased by 17% to £120,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in overdrafts suggests a need to manage cash flow. The accounts are audit exempt, relying on unaudited director’s statements. There's no mention of an auditor.

Registered in England/Wales under the registration number 08725728, with a registered address at NG8 5GE, England, Nottingham, 330 Aspley Lane.

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