Riverside Hub Limited

Riverside Hub Ltd from Northampton UK: a small, active company founded 12 years ago, employs 68 people, and holds assets worth £2,656,854. It’s a real address, managed by two directors and two owners, and operates as a family business with an impressive Google rating of 5.0 based on over 3,000 reviews. The company regularly imports furniture, lighting, and prefabricated buildings—the latest shipment arriving in October 2023.

The company operates in the “other service activities n.e.c.” industries, and its website, while not detailed, suggests a focus on children’s amusement centres. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company is a regular importer, with its top import category being Furniture, Lighting, and Prefabricated Buildings, totaling 3 months of imports.

Financially, Riverside Hub Ltd’s numbers show some interesting trends. Cash bank on hand increased by a good 39%, reaching £1 million, which is a positive sign. However, creditors have jumped significantly—up 87% to £700,000—and other taxation social security payable has risen dramatically, increasing by 160% to £350,000. Trade debtors have also increased by 42%, reaching £1.6 million, which could indicate delayed payments from customers. On the plus side, net assets have grown by 35%, reaching £3.2 million. The company's property, plant, and equipment has also increased by 69%, reaching £740,000. The company is exempt from an audit, so the figures are unaudited.

The sharp increase in creditors and taxation suggests the company might be managing its cash flow carefully, perhaps investing in inventory or expanding operations. The growth in property, plant, and equipment indicates a possible investment in its facilities or equipment. It’s likely the company is experiencing some growing pains, but its strong Google rating and asset base suggest it’s well-positioned for the future.

Registered in England/Wales under the registration number 08359534, with a registered address at NN3 9HG, England, Northampton, Northamptonshire, 7 Carousel Way, Riverside Business Park.

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