The Rhino Range Ltd

The Rhino Range Ltd is a small, active company based in Londonderry, Northern Ireland, with a real registered address and a trading status that's been ongoing for eight years. Founded in March 2017, it employs just two people and holds £54,971 in assets. The company is led by one director and owner, Van Riessen Tormod, and operates in the non-specialised wholesale trade industries. It’s a regular importer, primarily dealing in electrical machinery and equipment, with three months of import activity recorded as of January 2025.

The company’s website is minimal, providing little insight into its operations beyond its basic contact information. It appears to be primarily a wholesale operation, with no obvious e-commerce presence. This suggests a business-to-business model, supplying electrical equipment to other companies rather than selling directly to consumers.

Financially, The Rhino Range Ltd presents a mixed picture. While current assets have increased by a respectable 23% to £55,000, net assets have decreased by 18% to -£21,000. Bank borrowings have seen a significant jump of 130%, reaching £20,000, while cash reserves have fallen by 28% to £5,700. Trade debtors have also increased substantially, rising by 84% to £26,000. The company’s small size (meeting two of three conditions for being considered small) allows for flexibility, but the decrease in equity and increase in debt suggest a need for careful financial management. No auditor is mentioned, consistent with its status as a small, exempt company.

The increase in debtors could indicate a period of growth, but also a potential risk if payments are delayed. The rise in bank borrowings, coupled with the decrease in cash reserves, suggests the company may be relying more on external financing. It’s possible that increased import activity has driven up costs, or that the company is investing in its business to expand its reach.

Registered in Northern Ireland under the registration number NI644378, with a registered address at BT47 3TA, Northern Ireland, Londonderry, The Black Barn 50 Ballyartan Road, Killaloo.

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