Riva Transport Limited

Riva Transport Limited, based in Derbyshire, UK, is a small, active company founded eight years ago. With 26 employees and £1,503,419 in assets, it operates from a real address and is managed by a single director and owner, who is also the solo founder. The business runs an e-commerce site and is involved in freight transport by road, warehousing, and related services. It’s an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances, with a recent import recorded in May 2024.

The company’s website highlights a range of services, including transport solutions, warehousing, HGV parking, commercial vehicle maintenance, roadside assistance, recovery, tyre services, and recycling. It emphasizes flexibility and responsiveness, catering to both long-term strategic support and urgent transport needs for clients like McVities and Great Bear. The site also promotes a container storage yard, parking facilities, and a focus on vehicle uptime and maintenance.

Financially, Riva Transport Limited shows some concerning trends. Net current assets have plummeted by a significant 73%, dropping to £450,000, while cash bank on hand has fallen 71% to £120,000. Trade debtors have also decreased by 41%, and fixed assets have increased by a massive 140%. The number of employees has risen from 26 to 35, which could be a positive sign of growth, but also adds to operating costs. Creditors have increased by 13%, and the company is retaining less earnings. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp decline in current assets raises questions about its short-term liquidity. The accounts are abridged and unaudited, with no auditor mentioned, relying on director-reported data.

Overall, Riva Transport Limited appears to be navigating a period of change, with growth in some areas offset by challenges in managing its financial resources. The increased focus on services like maintenance and recovery suggests a diversification strategy, but whether this will be enough to sustain its growth remains to be seen.

Registered in England/Wales under the registration number 10306121, with a registered address at DE11 8ET, England, Derbyshire, Occupation Lane Woodville, Swadlincote.

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