Rinkydink Candles Ltd

Rinkydink Candles Ltd, based in Leeds, UK, is a small, active company founded just two years ago. With four employees and £14,248 in assets, it’s a solo-founded operation run by a single director and owner. The company operates an e-commerce site selling alternative scented candles and related products, boasting a vibrant online presence and a growing following. While primarily focused on online retail, it’s also branched out into workshops and collaborations, showcasing a creative and entrepreneurial spirit.

The website, rinkydink.co.uk, is a feast for the eyes, showcasing a wide range of candles, wax melts, body sprays, and accessories. It's clear that Rinkydink Candles is more than just a retailer; it’s a brand with a distinct aesthetic and a loyal customer base. The site’s playful design, quirky product names, and emphasis on handmade quality all contribute to its unique appeal. The company even offers mix-and-match candle bundles and a rewards program called “Dinky Points,” encouraging repeat purchases. They’re also actively promoting collaborations, including a recent partnership with Disney UK for a Marvel-themed candle collection.

Financially, Rinkydink Candles Ltd presents a mixed picture. Current assets have decreased by 31%, dropping to £14,000, while net assets have also fallen slightly. Bank borrowings remain relatively stable at £740, but trade debtors have vanished entirely, which is a bit unusual. Creditors have also decreased, which is a positive sign. 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 nimble, but the drop in assets suggests a need for careful cashflow management. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Rinkydink Candles Ltd appears to be a promising startup with a strong brand identity and a loyal customer base. However, the financial data suggests that the company is burning through cash, and it will need to focus on improving its profitability to ensure its long-term sustainability. It’s a bit odd that there’s no trade debtors, but hopefully, this is just a temporary blip.

Registered in England/Wales under the registration number 14084163, with a registered address at LS12 2DS, England, Leeds, Castleton Mills, Castleton Close.

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