Rybit Ltd

Rybit Ltd is a small, active company based in London, UK, founded three years ago in 2022. With five employees and £46,476 in assets, it’s a solo-founded operation run by a single director and owner, Salamena Dario. The company operates in the renting and leasing of cars and light motor vehicles industries, and is an irregular importer, with its top import category being Vehicles, parts, and accessories (not for trains or trams), totaling 1 months of imports. The last import operation was conducted on November 01, 2024.

The company’s website, Rybit, focuses on electric bike leasing, offering both private and corporate solutions. It partners with brands like VanMoof and caters to large employers like Amazon, Google, and Microsoft. The site emphasizes flexibility, maintenance-free operation, and a simple “star, stop, swap” model. It also offers a “delivery” option and actively promotes its services through social media and a blog. The website also has a section for hotels and bike shops, suggesting a broader B2B strategy.

Financially, Rybit Ltd’s recent performance paints a concerning picture. Net assets have plummeted 340% to -£680,000, while cash reserves have fallen 49% to £4,400. Bank borrowings have increased significantly, and creditors have ballooned by 350% to £650,000—a dramatic rise. Trade debtors have also increased by 99%, suggesting potential issues with customer payments. Despite the small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the sharp decline in equity and the surge in liabilities raise questions about the company’s financial health. The company’s lack of employees (only three reported) and the absence of an auditor (likely exempt as a small company) add to the uncertainty surrounding its future. The company has a lot of debt, and it’s not clear how they will pay it back.

Registered in England/Wales under the registration number 13998157, with a registered address at W1T 6EB, England, London, Silverstream House 45 Fitzroy Street, Fitzrovia London, 4th Floor.

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