Riley Scooters Limited

Riley Scooters Limited, based in London, UK, is a small, active company founded five years ago in 2020. With just two employees and £705,591 in assets, it’s a family business led by two directors and owners, Jennifer and Hayden Michael Riley. The company operates from a virtual address—a fact that is concerning, as 7853 other companies are registered at the same location—and has a Google rating of 3.0 based on four reviews. Riley Scooters is an irregular importer, with its top category being drinks, alcohol, and vinegar, though only one month of imports was recorded as of February 2021.

The company's website showcases a range of electric scooters and e-bikes, marketed under brands like RSX, RS1, RS2, RS3, RB1, and Companion. The site emphasizes adventure, portability, and high-powered performance, with a focus on sleek design and user-friendly features like a companion app for tracking rides and locking vehicles. The website also has a section dedicated to repair services and a clear age confirmation process.

However, a closer look at the financials reveals a concerning trend. While fixed assets have increased dramatically—a 2,900% jump to £360,000—cash reserves have plummeted 98% to just £1,900. Bank borrowings have also increased significantly, though the details are unclear. Creditors have doubled to £1.2 million, and net assets have fallen to -£1.1 million. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp decline in equity and cash reserves raises questions about its financial health. The lack of an auditor, likely due to the company’s small size, means the figures are unaudited. It seems like Riley Scooters is burning through cash quickly, and the increase in creditors suggests it’s relying on borrowing to keep operations afloat.

Registered in England/Wales under the registration number 12598847, with a registered address at W1W 7LT, England, London, 85 Great Portland Street, First Floor.

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