Rinseout Ltd

Rinseout Ltd is a small, active company based in Newton Abbot, UK, founded 17 years ago. It employs just one person and operates from a real address, managed by a single director and owner. The company is a regular importer, specializing in machinery, boilers, and mechanical appliances, with five months of import activity recorded as of November 2021. Its website promotes a series of “Rinseout” themed events, specifically a 19th birthday party bonfire blazer featuring a lineup of drum and bass artists across two rooms. The company also operates in the operation of arts facilities industries.

The website showcases Rinseout’s focus on live music events, particularly rave culture. The event details highlight a large-scale party with multiple DJs, a dedicated venue, and ticket sales—a clear indication of an entertainment-focused business model. It’s a vibrant, community-driven operation, and the website’s design reflects this energy. The company’s name is also featured on a piano restoration business, 1066 Pianos, which operates from Cambridge and has a showroom in Harrods.

Financially, Rinseout Ltd presents a mixed picture. While bank borrowings increased by 33%, overdrafts decreased by 15%, suggesting better cash flow management. However, accumulated depreciation remained stagnant, and equity plummeted by 110%, resulting in a net asset liability of just £820. Trade debtors surged by 160%, which could indicate difficulties collecting payments, or a strategic move to extend credit terms. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity warrants closer attention. The accounts are described as “filleted” and unaudited, relying on director-reported data.

Overall, Rinseout Ltd seems to be navigating a challenging financial landscape. While the events business appears to be thriving, the underlying financials suggest a company that's burning through money, though it’s still afloat. The company’s piano business, 1066 Pianos, seems to be doing well, but its connection to Rinseout Ltd isn’t clear.

Registered in England/Wales under the registration number 06474190, with a registered address at TQ12 4ST, United Kingdom, Newton Abbot, Drews Farm, Daccombe.

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