Rplanet Ltd

Rplanet Ltd from Milton Keynes UK is a small, active company founded five years ago. It holds £6,580 in assets and operates from a virtual address, managed by two directors and two owners, making it a family business. The company specializes in the retail sale of leather goods, both in specialized stores and via online channels.

The company's website is currently unavailable, so it's impossible to ascertain the specifics of its e-commerce operations. However, the description suggests a focus on leather goods—likely encompassing bags, belts, and accessories—sold directly to consumers or through wholesale partnerships. The lack of a visible website could indicate a smaller operation relying on other sales channels, such as marketplaces or trade shows.

Financially, Rplanet Ltd presents a mixed picture. While current assets have increased by a substantial 250% to £6,600, net assets have decreased by 19% to -£140,000. Bank borrowings have increased significantly, reaching £29,000, and cash reserves have fallen by 60% to just £770. Creditors have also risen by 19% to £160,000. 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. The unaudited accounts, prepared using VT Final Accounts software, indicate a focus on minimizing costs and maximizing efficiency. It’s worth noting that the company’s accounting practices, as stated, involve recognizing revenue when the risks and rewards of ownership have transferred to the buyer.

Registered in England/Wales under the registration number 12013744, with a registered address at MK9 1BP, United Kingdom, Milton Keynes, Mk Tax The Pinnacle, 150 Midsummer Boulevard.

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