Ritzy Music Ltd

Ritzy Music Ltd, based in Middlesex, UK, is a small, active company established 18 years ago. With six employees and £1,369,359 in assets, it operates from a virtual address—a detail flagged by the presence of 28 companies registered at the same location. The company is led by two directors and has one owner, Loi Vinay Kumar, and enjoys a stellar 5.0 Google rating from 128 reviews. It functions as an irregular importer, primarily dealing with electrical machinery and equipment, with its last import activity recorded two months ago in July 2022.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear whether Ritzy Music Ltd operates an e-commerce site or focuses on wholesale or business-to-business activities. The company’s description points to "other service activities n.e.c." industries, suggesting a broad range of services, possibly related to music or entertainment.

Financially, Ritzy Music Ltd presents a mixed picture. While cash reserves increased by 10% to £1.4 million, net assets grew by a substantial 35% to £1.8 million. However, trade debtors increased by 23% to £11,000, which could indicate delayed payments from customers. Bank overdrafts remained steady at £1,400, and creditors decreased slightly by 2% to £210,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased debtors suggest a need for closer monitoring of payment cycles. No auditor is mentioned, likely due to the company's exemption as a small entity. The accounts are unaudited, relying on director-reported data.

Overall, Ritzy Music Ltd appears to be financially stable, with growing assets and reserves. However, the increase in trade debtors warrants attention. The company's strong Google rating suggests good customer service, and its niche import activities could provide a competitive advantage—although a lack of online presence limits its reach.

Registered in England/Wales under the registration number 05921355, with a registered address at UB1 1SQ, Middlesex, Heasleigh House, 79a South Road, Southall.

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