Richmond Toys Ltd

Richmond Toys Ltd, based in Wokingham, UK, is a small, active company established 27 years ago. It employs just three people and holds £240,183 in assets, operating from a virtual address shared by seventeen other companies. The business is led by one director and owner, and regularly imports toys, games, and sports equipment – a trend spanning 19 months, with the last import occurring in December 2023. The company’s primary activity is retail sale of games and toys in specialised stores.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear whether Richmond Toys Ltd operates an e-commerce site or relies solely on wholesale or retail partnerships.

Financially, Richmond Toys Ltd presents a mixed picture. While its net assets remained relatively stable at £120,000, cash reserves dropped significantly by 45% to £24,000. Bank borrowings decreased by 32%, which is a positive sign, but trade debtors increased by 13%, suggesting potential issues with customer payments. The company’s small size—meeting two of three conditions for being classified as such—allows for agility, but the decline in cash flow warrants attention. Creditors also decreased by 18%, which could indicate improved debt management. The company’s unaudited financial statements, lacking an auditor’s review, rely on director-reported data.

The company’s significant increase in ‘Other Debtors’ (670%) is a notable trend. It’s possible this reflects a change in accounting practices or a one-off event, but it warrants further investigation. The company’s continued reliance on imports, coupled with the fluctuating financial metrics, suggests a business navigating a competitive market.

Registered in England/Wales under the registration number 03541768, with a registered address at RG40 1XJ, England, Wokingham, Berkshire, 1 Peach Street.

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