Romo (uk) Ltd

Romo (UK) Ltd is a small, active company based in London, UK, established ten years ago in May 2014. With two employees and £1,236,472 in assets, it operates from a virtual address at 90 Brixton Hill, SW2 1QN, and is led by a single director and owner. The company is a regular exporter, primarily dealing in electrical machinery and equipment, with four months of export activity recorded, the last in June 2023. Romo (UK) Ltd’s business involves retail sale via mail order houses or via internet.

The company’s website, Romo (UK) Ltd, showcases a range of electrical products and accessories, although its specific offerings are not detailed. It appears to be a B2B operation, targeting wholesale buyers rather than individual consumers. The site lacks robust e-commerce functionality, suggesting a focus on direct sales and partnerships rather than online retail.

Financially, Romo (UK) Ltd presents a mixed picture. While cash reserves increased by 11% to £750,000, net assets decreased slightly by 0.69% to £630,000. Bank overdrafts rose significantly by 68% to £240,000, indicating increased short-term borrowing. Trade creditors also increased by 24% to £610,000, suggesting potential payment delays. Despite these pressures, the company’s average number of employees increased by 50% to three, and total inventories grew by 9.8% to £370,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in debt warrants attention. The accounts are unaudited, and no auditor is mentioned.

Overall, Romo (UK) Ltd seems to be navigating a period of growth and expansion, but it’s important to monitor its debt levels and ensure it maintains a healthy cash flow.

Registered in England/Wales under the registration number 09025812, with a registered address at SW2 1QN, England, London, 90 Brixton Hill.

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