Rubelli Limited

Rubelli Ltd from London UK: a small, active company established 68 years ago, employs six people, and holds £446,071 in assets. With a real address and two directors, but no listed owners, it operates as a regular importer and exporter of furniture, lighting, and prefabricated buildings. The company has been importing for 17 months (last import October 2024) and exporting for five months (last export February 2024).

It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the agents involved in the sale of furniture, household goods, hardware and ironmongery, the agents involved in the sale of textiles, clothing, fur, footwear and leather goods industries.

Looking at the financial data, we see some interesting trends. Accumulated depreciation on plant and machinery has increased by 18%, while depreciation on land and buildings rose by 5.3%. Amounts owed by group undertakings have jumped 36%, and amounts owed to group undertakings have seen a massive 150% increase. Cash bank on hand is up significantly, a good sign, rising by 98% to £76,000. However, creditors have ballooned by 160%, suggesting a reliance on short-term financing. Net assets have decreased by 49%, a concerning trend.

The company's future minimum lease payments have also decreased by 18%, which could be a positive sign for cash flow. Interestingly, trade debtors have increased by 24%, which might indicate a delay in customer payments. The company’s small size and lack of a listed auditor (likely exempt due to its size) mean the figures are unaudited.

Overall, Rubelli Ltd seems to be navigating a period of change. The increase in imports and exports suggests a growing business, but the rise in creditors and decrease in net assets could signal financial pressures. It’s a business with a long history, but its future success will depend on managing these trends effectively.

Registered in England/Wales under the registration number 00582564, with a registered address at SW10 0XF, England, London, Units G9a & G9b Design Centre East, Chelsea Harbour.

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