Richards & Appleby Limited

Richards & Appleby Limited, based in Stanmore, UK, is a small, active company with a history spanning 56 years. Founded in 1968, the firm boasts £2,439,310 in assets, operates from a real address, and is managed by two directors and one owner. The company is a regular importer and exporter, specializing in essential oils and perfumes, with 8 months of import activity and 16 months of export activity recorded.

The company's website, currently “opening soon,” suggests a planned shift towards an e-commerce platform. The site’s design emphasizes a password-protected access, hinting at a membership or exclusive launch strategy. It’s clear that the company is preparing for a significant change in its business model, moving towards a direct-to-consumer approach.

Financially, Richards & Appleby Limited presents a mixed picture. While cash reserves saw a remarkable surge of 50000%, jumping to £1,500,000, net assets experienced a substantial decline of -57%, settling at -£410,000. Bank borrowings have vanished completely, a positive sign, but trade debtors have increased significantly by 320%, indicating potential issues with customer payments. Creditors have also risen, by 37%, suggesting increased reliance on supplier credit. Despite these challenges, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Richards & Appleby Limited is navigating a period of transition. The planned e-commerce launch represents a bold move, but the company’s financial performance suggests it’s facing headwinds. Whether the shift to online sales can revitalize the business remains to be seen.

Registered in England/Wales under the registration number 00937090, with a registered address at HA7 1NP, United Kingdom, Stanmore, Middlesex, 5 B Parr Road.

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