Rilab Ltd

Rilab Ltd from Whitwood UK is a small, active company founded 16 years ago. While the company has a real address and five directors, it currently reports no owners, which is a bit unusual. Accounts and confirmation statements are both overdue for four years, which is concerning. The company regularly imports electrical machinery and equipment, with a history of seven months of import activity.

The company operates in the non-trading company industries, focusing on software development for the financial sector. Its website details services like algorithmic strategy development, web and mobile application development, and connectivity solutions for trading platforms. It seems to be targeting financial institutions, offering services to build, test, and deploy trading algorithms. The company even has a presence in South Korea, with an address listed in Busan.

Financially, Rilab Ltd's situation looks a little precarious. Current assets have fallen sharply by 61%, dropping to just £3,500, while net assets have also decreased significantly, now at -£52,000. Cash reserves have also declined, and bank borrowings have increased. Creditors remain relatively stable, but the overall trend indicates a company struggling to maintain financial health. The company employs four people, and it's a small entity as it meets two of the three conditions for being small. The lack of an auditor is likely due to its small size. It seems the company is burning through money, and it's important to monitor its performance closely.

Registered in England/Wales under the registration number 06647080, with a registered address at WF10 5QD, Whitwood, Wakefield, Whitwood Lodge, Whitwood Lane.

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