Rz Traders Ltd

Rz Traders Ltd is a small, active company based in Bolton, UK, founded six years ago in 2018. With just two employees and £11,389 in assets, it operates an e-commerce site specializing in retail sales via mail order and the internet. The company has two directors and one owner, Hafeez Shahid, and is registered at a real address shared by only one other business.

The company's website, R.Z. Trading Ltd, presents itself as North America’s leading supplier of tools, hardware, and paint, operating from Canada. It boasts a wide range of products, from automotive tools to storage hooks and food containers, catering to both commercial and consumer markets. The site emphasizes competitive pricing and offers a login for customers, suggesting a B2B focus alongside retail sales. It’s a bit confusing, but the site is clearly geared toward wholesale distribution.

Financially, Rz Traders Ltd’s picture is mixed. Current assets have fallen significantly by 46%, dropping to £11,000, while net assets have plummeted 150% to a negative £15,000. Cash reserves are also down 300% to a mere £1,400. Creditors have decreased slightly, but the substantial losses and negative equity raise concerns. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the negative equity suggests it’s burning through cash. The accounts are unaudited and described as “filleted,” meaning they’re simplified and rely on director-reported data.

Overall, Rz Traders Ltd appears to be facing financial headwinds. While its Canadian wholesale operation seems robust, the UK-based entity is struggling to maintain a healthy balance sheet. Whether the two businesses are interconnected or simply share a brand name remains unclear, but the UK arm needs to address its losses to avoid further decline.

Registered in England/Wales under the registration number 11320071, with a registered address at BL4 0BT, United Kingdom, Bolton, 189 Plodder Lane, Farnworth.

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