Rongland Limited

Rongland Limited is a small, active company based in London, UK, founded eight years ago in December 2016. It employs just two people and holds £81,393 in assets. The company operates from a virtual address – a common occurrence as 8782 other businesses are registered at the same location – and is overseen by two directors and two owners. Rongland Limited regularly imports and exports optical and medical tools and devices, with 22 months of import activity and 8 months of export activity recorded.

The company’s website, The Ringland Group, showcases a collection of venues including Amelia Hall, Lucky Duck, and Town Square. The site emphasizes a commitment to creating enjoyable experiences, stating, "We believe good craic is a necessity in life." The website suggests a focus on hospitality and entertainment, a contrast to the company’s core business of importing and exporting medical equipment.

Financially, Rongland Limited’s picture is mixed. While cash reserves grew by a respectable 35% to £59,000, creditors have increased dramatically, jumping 130% to £50,000. Bank borrowings have also decreased by 22%, sitting at £13,000. Equity has taken a hit, dropping 32% to £30,000, which could indicate reinvestment or losses. Trade debtors have also decreased slightly, falling by 5%, suggesting improved collection practices. The company’s small size – meeting two of three conditions for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees) – allows for flexibility, but the decline in equity warrants closer attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Rongland Limited appears to be navigating a period of change. While its core import/export business continues, the financial data suggests a need to manage debt and potentially reinvest in the business to sustain growth.

Registered in England/Wales under the registration number 10507909, with a registered address at EC1V 2NX, England, London, 124 City Road.

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