Right Formula Ltd

Right Formula Ltd, a holding company based in London, UK, has been active for fifteen years, employing fifty-two people and managing assets totaling £18,376,602. The company, which reported a yearly revenue of £22,831,637, is led by one director and one owner, and boasts a stellar 5.0 Google rating from eleven reviews. It regularly imports clothing and accessories (excluding knitted or crocheted items) and exports electrical machinery and equipment.

The company's website showcases Right Formula Ltd as a sports marketing agency, offering services like activation, commercial strategy, and news insights. It operates two distinct entities: Right Formula Ltd, based in London, and Right Formula LLC, located in Lewes, Delaware. The website highlights the company's focus on sports marketing, with particular emphasis on rights holders and esports. It even has a showreel demonstrating their work.

Financially, Right Formula Ltd presents a mixed picture. While turnover increased by a healthy 31%, reaching £23 million, the company is burning through cash. Net assets decreased by 27%, dropping to £7.7 million, and cash reserves plummeted 40% to £5.8 million. Bank borrowings increased by 100%, reaching £3 million, suggesting a reliance on external funding. Creditors also rose by 21%, indicating potential challenges in managing short-term liabilities. Despite these pressures, administrative expenses decreased by 8%, possibly reflecting efforts to control costs. The company’s auditor is Raffingers LLP.

The trends suggest Right Formula Ltd is navigating a period of growth but also facing financial strain. The increased reliance on borrowing and the decrease in cash reserves could indicate a need for improved cash flow management. However, the growth in turnover suggests the company's marketing services are in demand, and the Delaware entity may be contributing to international expansion.

Registered in England/Wales under the registration number 06969725, with a registered address at SW11 8DX, England, London, 5 Riverlight Quay, Nine Elms Lane.

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