Right Cash Ltd

Right Cash Ltd, based in Sevenoaks, UK, is a small holding company with an active status, having been founded eleven years ago in 2013. The company employs six people and holds £193,128 in assets. It operates from a virtual address – registered at a location shared by twenty-eight other companies – and is led by one director and two owners. Its Google rating stands at a respectable 4.0 based on twenty reviews. Right Cash Ltd is a regular importer, primarily of furniture, lighting, and prefabricated buildings, with nine months of import activity recorded, the last in April 2021.

The company’s website is not available, so it’s difficult to determine the exact nature of its operations beyond the import activities. It appears to be operating in the “other service activities n.e.c.” industry.

Financially, Right Cash Ltd presents a mixed picture. While cash reserves have increased significantly by 150% to £120,000, net assets have increased by 10% to £190,000. However, the company has seen a 33% decrease in average employees, dropping to just four. Bank borrowings remain steady at £4,800, but creditors have decreased by 5.9% to £140,000. A notable decline is evident in trade debtors, plummeting by 98% to just £730. The company’s small size—meeting two of three conditions for a small company—helps it maintain agility. There is no auditor mentioned, so the figures are unaudited.

The sharp decrease in debtors suggests a possible shift in payment terms or a reduction in sales. The increase in cash, however, indicates improved liquidity. It’s possible that the company is streamlining operations, perhaps reducing overheads to offset a decrease in sales. The lack of employees could be a result of automation or outsourcing, which could be a positive sign for long-term efficiency.

Registered in England/Wales under the registration number 08628115, with a registered address at TN15 6NL, Sevenoaks, Kent, Unit 2 Lakeview Stables, Lower St Clere.

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