Ritesim.com Limited

Ritesim Com Ltd, a small, active company based in London, UK, has been operating for fourteen years. Founded in 2010, it employs six people and holds assets valued at £3,945,347. The company uses a virtual address, registered with 517 other businesses, and is managed by three directors and two owners. It boasts a perfect 5.0 Google rating based on two reviews. Ritesim Com Ltd regularly imports electrical machinery and equipment, with its last import operation occurring in August 01, 2023.

The company’s website highlights its focus on providing IoT connectivity solutions. It offers multi-network SIM cards, routers, and cellular connectivity management tools, targeting industries like asset tracking, healthcare, retail, and smart buildings. The site emphasizes global deployment, custom data tariffs, and a focus on resilience and security. It even offers SDWAN Pro for unbreakable internet connections and fixed IP SIM cards for secure deployments. The site is very detailed, and it’s clear they are trying to be a one-stop shop for businesses needing reliable IoT connectivity.

Financially, Ritesim Com Ltd shows some interesting trends. While net assets increased by 6.4% to £4,700,000, cash reserves remained steady at £1,100,000. However, bank borrowings jumped significantly by 2,400%, reaching £29,000, and trade debtors increased by 890%, suggesting potential issues with customer payments. Creditors also increased, but the company's small size (meeting two of three conditions for a small company) allows for flexibility. The company's average number of employees increased by 33%, from six to eight, which could be a sign of growth, or it could mean they are needing to hire more staff to manage the increased workload. There is no auditor mentioned, which is typical for small companies.

Overall, Ritesim Com Ltd appears to be a growing company in a niche market. While the increase in debt is a concern, the company’s focus on IoT connectivity and its strong online presence suggest a promising future. It’s clear they’re trying to provide a valuable service, and their website is very detailed.

Registered in England/Wales under the registration number 07349511, with a registered address at N3 2JX, United Kingdom, London, Ground Floor Cooper House, 316 Regents Park Road.

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