Ronz Ltd

Ronz Ltd from Leicester UK: a small, holding company with an active status, was founded 11 years ago and employs 11 people. It holds assets worth £336,694 and operates from a real address, managed by three directors and one owner. The company regularly imports furniture, lighting, and prefabricated buildings, with 70 months of import activity recorded.

The company’s website, Ronz Motors Ltd, reveals a different business entirely: a used car dealership based in Rotherham, South Yorkshire. The site lists a wide range of vehicles, from Audis to Volkswagens, categorized by make, model, and price range. It’s open seven days a week, offering a comprehensive selection and even a part-exchange service. Ronz Motors boasts a "AA Cars Standards" accreditation, emphasizing quality and customer service. The site also includes a recent vehicles section, showcasing current inventory and a widget area for advertising.

Financially, Ronz Ltd presents a mixed picture. Current assets have decreased by 18% to £340,000, while net assets have fallen 25% to £190,000. Cash reserves have also taken a hit, dropping 41% to £190,000. However, trade debtors have significantly increased by 90%, suggesting either increased sales or potential issues with customer payments. Borrowings have also increased, reaching £29,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is concerning. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The shift from importing furniture to selling used cars is quite remarkable. While the furniture import business may still be active, Ronz Motors appears to be the primary focus. The company's financial health will depend on its ability to maintain sales and manage its increased debt levels—it’s a gamble, but one that could pay off.

Registered in England/Wales under the registration number 08709055, with a registered address at LE5 5FN, England, Leicester, 195 Gwendolen Road.

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