Richmond Classics Limited

Richmond Classics Ltd, based in Bournemouth, UK, is a small, active company founded 37 years ago in 1987. With 12 employees and £541,247 in assets, it operates from a real address and is managed by two directors and one owner. The business runs an e-commerce site and regularly imports clothing and accessories made by knitting or crocheting, with 39 months of import activity recorded.

The company’s website showcases a wide range of designer brands, including Moschino and Moose Knuckles, and highlights its commitment to quality and unique style. It even features a collaboration with artist Emily Crook, showcasing her artwork inspired by luxury brands. Richmond Classics also operates a separate venture, 1066 Pianos, specializing in high-end piano restoration and disaster recovery, demonstrating a diverse range of business interests.

Financially, Richmond Classics Ltd shows some concerning trends. Current assets decreased by 17% to £540,000, while net assets fell by 3.2% to £900,000. Cash reserves declined 56% to £120,000, and bank borrowings increased significantly. Creditors, however, decreased by 31%, suggesting improved debt management. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the decline in cash and equity warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited. The increase in debtors could be a sign of delayed payments, or perhaps a strategic move to offer more credit to customers. It’s a bit of a puzzle, really, but hopefully, the company can weather these challenges and continue its legacy of offering unique fashion to its customers.

Registered in England/Wales under the registration number 02192148, with a registered address at BH1 2BY, United Kingdom, Bournemouth, Dorset, 3 Westover Road.

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