Riverbank Retail Ltd

Riverbank Retail Ltd is a small, active company based in Skipton, UK, founded three years ago in 2022. With just one employee and £878 in assets, it operates as a solo-founded e-commerce business under the direction of a single director and owner, Briggs Thomas Jed. The company’s real address is registered at Beech House, Thornton In Craven.

The company’s website, Riverbank Bakery, reveals a fascinating operation. It’s a commercial bakery supplying handmade cakes, flapjacks, and preserves, both directly to consumers through its online shop and wholesale to retailers and distributors. It also operates a sister company, Fast Bunny, which sells a selection of fine foods and snacks online. Riverbank Bakery is accredited by SALSA and a member of the Craft Bakers Association, emphasizing its commitment to quality and industry standards.

However, a look at Riverbank Retail Ltd’s financials paints a concerning picture. Cash reserves have fallen dramatically, dropping 69% to just £90. Comprehensive income and expenses have also plummeted by 88%, and dividends paid have decreased by 82%. Equity has suffered a significant decline, falling 76% to £53. While creditors have decreased by 48%, the sharp drop in cash and equity suggests the company is burning through money. The company meets two of the three criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

It seems Riverbank Retail Ltd is facing financial headwinds despite its established bakery operation. Whether the online shop and Fast Bunny can offset these losses remains to be seen—but for now, the company’s future appears uncertain.

Registered in England/Wales under the registration number 13853157, with a registered address at BD23 3TU, England, Skipton, Beech House, Thornton In Craven.

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