Riverside Works Limited

Riverside Works Ltd from London UK: a small, active company founded 45 years ago, employs 44 people, and holds £1,431,486 in assets. It operates from a virtual address and is managed by seven directors and two owners, making it a family business. The company regularly imports umbrellas, sun umbrellas, walking sticks, and similar items (32 months), and exports various textile products, sets, used clothing, and rags (3 months).

The company’s website, riversideworks.co.uk, lists a registered address at 21 Lombard Street, London, and highlights its role as a supplier of PPE and site supplies. It boasts a perfect 5.0 Google rating, indicating high customer satisfaction. The site emphasizes competitive pricing and fast customer support—hallmarks of a modern e-commerce business.

Financially, Riverside Works Ltd shows a mixed picture. Cash bank on hand dropped by a significant 53%, down to £420,000, while future minimum lease payments under non-operating leases increased by a whopping 440%, reaching £300,000. Creditors decreased by 50%, a positive sign, but trade debtors fell by a substantial 55%, suggesting a slowdown in customer payments. Equity remained stable, but the decrease in net current assets by 3.7% indicates a tighter cash flow situation. The company meets the criteria for a small company, with turnover under £10.2 million and assets under £5.1 million, which helps it remain flexible. The lack of an auditor mentioned suggests the company is exempt from an audit as a small business.

While the company’s import and export activities remain consistent, the financial data suggests a need for careful management. The decrease in cash reserves and increase in lease payments could put a strain on resources. The family-run nature of the business likely contributes to its agility, but the long-term sustainability will depend on effectively managing its finances and adapting to market changes.

Registered in England/Wales under the registration number 01453063, with a registered address at EC3V 9AH, United Kingdom, London, 21 Lombard Street.

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