Rio Designs Limited

Rio Designs Ltd is a small, family-run business based in London, active since its founding 27 years ago in 1998. With just two employees and £320,896 in assets, it operates as a real address and is overseen by two directors and owners. The company’s core business is importing furniture, lighting, and prefabricated buildings – a regular activity spanning four months, with the latest import occurring in November 2023. It also runs an e-commerce site with a stellar 5.0 Google rating based on two reviews.

The website reveals a unique focus: Rio Designs is a leading supplier of quilting software and related products. It’s the only UK supplier offering 7-day-a-week, evening support for its software, a significant differentiator. The site sells quilting design software, fabrics, printing sheets, and even magazines, catering to a niche market. It’s clear that the company’s strength lies in its specialized knowledge and customer service.

Financially, Rio Designs Ltd presents a mixed picture. While cash reserves increased by a substantial 470% to £49,000, indicating improved liquidity, other areas show concerning trends. Creditors rose by 33%, reaching £310,000, and net assets declined by a significant 100% to just £370. Bank borrowings also increased, with overdrafts rising to £9,500. The company’s small size—meeting two of three conditions for being classified as small—helps it remain nimble, but the decline in equity warrants closer scrutiny. The unaudited nature of the financial statements, a common exemption for small companies, means these figures haven’t been independently verified. Overall, Rio Designs Ltd appears to be holding its own, but the recent financial shifts suggest a need for careful management.

Registered in England/Wales under the registration number 03536499, with a registered address at N13 4XE, 255 Green Lanes, London.

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