Rio & Brazil Limited

Rio & Brazil Limited, based in Belfast, UK, is a small, family-run business with an active status. Founded 28 years ago in 1996, the company employs thirteen people and holds £398,589 in assets. It operates from a real address in Victoria Square and is led by three directors and two owners. The business has a stellar 5.0 Google rating from fifty reviews, and is an irregular importer, primarily dealing in footwear and related items, with just one month of import activity recorded as of May 2023.

The company's core business involves retail sale of clothing and footwear, operating in specialised stores. Its website, while not fully detailed in the report, suggests a focus on fashion and potentially a curated selection of brands. The company’s branding and product offerings are clearly targeted at a fashion-conscious consumer base.

Financially, Rio & Brazil Limited presents a mixed picture. While cash bank on hand increased by a healthy 67% to £37,000, current assets declined by 7.6% to £400,000. Equity has taken a significant hit, dropping 57% to £72,000, and net assets have fallen 57% to £72,000. Creditors have increased substantially, rising 25% to £400,000, which could indicate increased reliance on trade credit. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. There is no auditor mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Rio & Brazil Limited appears to be navigating a period of change. The decrease in equity and increase in creditors suggest potential financial pressures, but the increase in cash reserves and the company’s strong Google rating indicate resilience and customer loyalty. It will be interesting to see how the business adapts to these challenges in the coming years.

Registered in Northern Ireland under the registration number NI031280, with a registered address at BT1 4QG, Northern Ireland, Belfast, Ug40 Victoria Square.

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