Rijo 42 Machines Ltd

Rijo 42 Machines Ltd, based in London, UK, is a large, active holding company founded fifteen years ago. With forty-one employees and £5,426,870 in assets, it operates from a virtual address—a detail worth noting as 962 companies are registered at the same location. The company is led by three directors and has one owner, boasting a stellar 5.0 Google rating based on 172 reviews. Rijo 42 Machines Ltd regularly imports machinery, boilers, and mechanical appliances; parts, with sixty-seven months of import activity recorded.

The company’s website reveals it operates within the wholesale of other machinery and equipment industries. While there’s no e-commerce functionality, the site showcases a range of machinery and equipment, suggesting a B2B focus rather than direct consumer sales. It appears to be a distribution and supply business, connecting manufacturers with end-users.

Financially, Rijo 42 Machines Ltd presents a mixed picture. Current assets have decreased by 41% to £5,400,000, while net assets have fallen by 8.7% to £4,400,000. Bank borrowings have decreased by 63%, and cash reserves have fallen by 16% to £1,900,000. On a positive note, creditors have decreased by 56%, suggesting improved debt management. Director remuneration has increased by 48%, and staff costs remain stable. The company’s large size (meeting two of three criteria for a large company) and the decrease in assets, while concerning, could be due to strategic investments or changes in inventory management. No auditor is mentioned, meaning the figures are unaudited.

Despite the decrease in assets, Rijo 42 Machines Ltd appears to be a stable, well-regarded business. The decrease in creditors is a positive sign, and the high Google rating indicates strong customer satisfaction. The company's focus on machinery import and wholesale suggests a resilient business model, although the decrease in assets warrants further investigation.

Registered in England/Wales under the registration number 07178480, with a registered address at EC2A 4NE, United Kingdom, London, 3rd Floor 86-90 Paul Street.

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