Rung Ltd

Rung Ltd from Manchester UK: small company, active status, founded 6 years ago, 1 employee, £18,795 assets, real address, 2 directors, 1 owner, google rating 4.0 based on 25 reviews. 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 last reported current assets is £18,795.

Rung Ltd operates as a training provider for young people and adults in London, offering apprenticeships and qualifications in fields like accounting, business administration, early years, health, and social care. Their website showcases a focus on practical, hands-on learning, partnering with employers to provide real-world experience. It’s clear they’re not an e-commerce business; instead, they facilitate training and connect individuals with employment opportunities. The site highlights success stories and testimonials, emphasizing their commitment to helping people achieve their career goals. They even offer free apprenticeship recruitment services to employers, demonstrating a focus on building relationships within the local community.

Financially, Rung Ltd’s picture is a bit mixed. While net assets have improved slightly, rising from -£15,000 to -£13,000, cash reserves have increased by 24% to £6,500. Bank borrowings decreased by 3.3% to £39,000. However, creditors have increased significantly, jumping 790% to £2,800—a large jump that could indicate increased reliance on short-term financing. Trade debtors have also risen by 15%, suggesting a possible delay in customer payments. The company’s single employee, coupled with its small size, keeps overheads low, but the rising creditors are something to keep an eye on. With no auditor mentioned, the figures are unaudited, which is common for small companies. It's a bit concerning that the company’s net assets are still negative, but the increase in cash is a positive sign.

Registered in England/Wales under the registration number 11759671, with a registered address at M16 0LN, United Kingdom, Manchester, 66 Seymour Grove.

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