Rite-fix Limited

Rite Fix Ltd, based in Birmingham, UK, is a small holding company with an active status, having been established sixteen years ago in 2009. The company employs sixteen people and holds assets totaling £4,696,948. It’s managed by five directors and has one owner, and boasts a stellar 5.0 Google rating based on eleven reviews. Rite Fix Ltd is an irregular importer, primarily dealing with basic metal tools and utensils, with its last import operation recorded one month ago in April 2022.

The company operates in the specialised construction activities industry, and is a holding company. Its registered address is real, with only seven other companies registered there, suggesting a legitimate business location. The company’s size qualifies it as small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

A review of the company's financial data reveals some concerning trends. Accumulated depreciation for motor vehicles has grown by a significant 30%, while furniture and fittings have remained unchanged. Advances to directors have decreased considerably, with a reduction of 84%. However, cash bank on hand has increased by a healthy 49%, and future minimum lease payments have risen dramatically—a 1800% increase—suggesting a potential expansion or commitment to long-term leases. Net assets have grown by 17%, a positive sign, but trade debtors have fallen by 25%, which could indicate payment issues.

Despite these fluctuations, the company’s overall financial position appears stable, although the increase in lease payments warrants further investigation. The absence of an auditor, likely due to its small size, means the financial statements are unaudited. Overall, Rite Fix Ltd seems to be navigating a period of change, with both challenges and opportunities on the horizon.

Registered in England/Wales under the registration number 06855406, with a registered address at B16 9HN, Birmingham, West Midlands, 13 Portland Road, Edgbaston.

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