Ridgeway Global Ltd

Ridgeway Global Ltd is a small, active company based in Stockport, UK, established four years ago in December 2020. With two employees and £118,746 in assets, it operates from a real address and is led by one director and owner. The business runs an e-commerce site selling cookware, home appliances, and housewares, and has sporadically exported aluminum and aluminum products, with its last export operation taking place two months ago in December 2022.

The company's website showcases a diverse range of products, including cookware sets, bedding, electrical accessories, and kitchen tools, all available for purchase online. It seems to be focused on offering affordable, practical items for the home, with a particular emphasis on Neoflam-branded products. The site also highlights a "selling plan" requirement for many items, which could indicate a subscription or installment payment option.

Financially, Ridgeway Global Ltd presents a mixed picture. While cash bank on hand has dramatically increased by 1,400% to £54,000, current assets have also seen a significant jump of 280% to £120,000. However, the company’s equity remains negative at -£84,000. Trade debtors have decreased by 61%, while creditors have doubled to £160,000—suggesting a reliance on credit. 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, but the negative equity is a cause for concern. No auditor is mentioned, which is typical for small, exempt companies.

The company’s increased bank borrowings, and the decrease in prepayments and accrued income, could indicate a period of investment or expansion—though the negative equity suggests it’s a delicate balance. It’s clear that Ridgeway Global Ltd is working to establish itself in the competitive online retail market, but its financial health will need careful monitoring.

Registered in England/Wales under the registration number 13079851, with a registered address at SK1 3RP, England, Stockport, 37 Wellington Road South.

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