Rossano Ferretti Limited

Rossano Ferretti Limited is a small, holding company based in London, UK, with an active status. Founded ten years ago in 2015, it employs just three people and holds assets of £1,474,576. The company operates from a virtual address, registered at 3rd Floor 86 - 90 Paul Street, which is shared by many other businesses. It’s managed by three directors and has one owner, though the list of owners was changed eight years ago and is not exhaustive.

The company's core business involves hairdressing and beauty treatments, but it also operates in the import and export of essential oils and perfumes. It's an irregular importer, having imported for just two months, with the latest shipment arriving in February 2024. Conversely, it’s a regular exporter, having exported for eighteen months, with the last shipment occurring in March 2023.

Financially, Rossano Ferretti Limited shows some concerning trends. While current assets increased by 31% to £1.5 million, equity plummeted 250% to £1.2 million, a significant reversal. Bank borrowings surged by a staggering 2,400%, reaching £60,000, and cash reserves rose 66% to £480,000. Creditors, however, increased dramatically by 820%, reaching £280,000—a potential sign of strain. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The absence of an auditor (likely exempt due to its size) means the financial statements are unaudited.

The increase in bank borrowings and the substantial rise in creditors, coupled with the negative equity, suggest Rossano Ferretti Limited may be burning through cash faster than it’s generating revenue. While the rise in cash reserves is positive, it’s unclear how long this will last. The company's reliance on a virtual address and the lack of employee data could also indicate a lean operation, but it also raises questions about scalability and long-term sustainability.

Registered in England/Wales under the registration number 09453987, with a registered address at EC2A 4NE, England, London, 3rd Floor 86 - 90 Paul Street.

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