Rituonline Ltd

Rituonline Ltd, based in Bradford, UK, is a small, active company founded six years ago in 2018. Despite its active status and real address, the company is currently facing challenges with its accounts, which are eight months overdue, and its confirmation statement, which is a year overdue. It operates with one director and one owner, Sanavaram Balasubramanyam Viswanathan, and employs no staff.

The company's website reveals it primarily engages in retail sales via mail order and the internet, as well as other retail sales in non-specialised stores. It appears to be an e-commerce operation, offering a range of products online. The site is well-designed and easy to navigate, suggesting a focus on the customer experience.

Financially, Rituonline Ltd is facing some difficulties. While it holds £40,000 in bank borrowings, its net assets are a negative £68,000. Bank overdrafts have increased slightly, and trade creditors have risen. Although the company is small, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the negative equity and rising debts are concerning. Cash reserves are minimal, and the company’s reliance on bank borrowings suggests it’s burning through money. There’s no mention of an auditor, which is common for small, exempt companies. The accounts are described as “Filleted Accounts” and were authorised for issue in February 2024. The statement of compliance with applicable reporting framework mentions FRS 102, and the accounts have been prepared under the historical cost convention.

Registered in England/Wales under the registration number 11641741, with a registered address at BD7 4PG, England, Bradford, 5 Gregory Crescent.

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