Rydan Design Limited

Rydan Design Ltd from Hull UK is a small, active company founded twelve years ago. With three employees and £118,458 in assets, it operates a successful e-commerce site boasting a perfect 5.0 Google rating from 229 reviews. The company is run by a solo founder and has two directors, with Redford Trina owning the business. It's a real address, with only one other company registered there. They regularly import furniture, lighting, and prefabricated buildings – just one month’s worth recently, with the last import happening in June 2024.

The company’s website, Rydan Interiors, showcases a range of furniture, particularly wingback chairs and sofas, with a focus on family-run British craftsmanship. They offer nationwide delivery, including a bespoke service with a six-week lead time, and even provide assembly. The site highlights a showroom in Hull and a commitment to customer service, including a 30-day return policy.

Financially, Rydan Design Ltd's report shows some interesting trends. Bank borrowings have decreased by nearly 50%, which is good news, but net assets have fallen by 58%, leaving the company with a negative equity of £60,000. Current assets have remained steady at £120,000, while trade debtors have increased significantly by 97%. The number of employees has risen slightly to four. The company is classified as small, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 30 employees. As a small company, it is exempt from an audit, so the figures are unaudited. The company’s increased debt and negative equity suggest it might be burning through cash, but the steady current assets and growing trade debtors could indicate a strong sales pipeline.

Registered in England/Wales under the registration number 08487265, with a registered address at HU8 7FB, England, Hull, Unit 10 The Shine Knowledge And Innovation Park, St. Marks Street.

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