Richg Ltd

Richg Ltd, based in Bristol, UK, is a small, active company established four years ago. With a single employee and £17,658 in assets, it operates from a real address and is overseen by one director and owner. The company runs an e-commerce site and is involved in a diverse range of activities, including construction of domestic buildings, building completion, retail sales via the internet, and freight transport.

The website, Rich G Collection, showcases a range of men's clothing, from t-shirts to official shirts and casual wear. It emphasizes sustainability, durability, authenticity, and comfort at a bargain price. The site features a "New Collection" banner and a blog-style layout, highlighting new arrivals and offering a glimpse into the brand's ethos. Customers can browse, add items to their cart, and view a "Shopping Cart" with a current total of zero. The site also includes a newsletter signup form, promising discounts and updates.

Financially, Richg Ltd presents a mixed picture. Accumulated depreciation for computer equipment increased by 14%, while for motor vehicles it surged 72%, reflecting investment in assets. Bank borrowings jumped significantly, reaching £11,000, and creditors decreased by 60%, suggesting improved debt management. However, equity declined by 30%, and net current assets and liabilities decreased considerably. Despite these challenges, the company’s small size—meeting two of three criteria for a small company—allows for agility. The unaudited financial statements, without a named auditor, rely on director-reported data.

It appears Richg Ltd is navigating a period of change. The increase in assets suggests investment, but the decline in equity and net assets indicates a potential need for careful financial management. The company’s e-commerce focus and diverse business activities offer opportunities for growth, but sustaining profitability will be key.

Registered in England/Wales under the registration number 12797811, with a registered address at BS7 9UQ, England, Bristol, 16 Cotman Walk.

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