Richland Homes Ltd

Richland Homes Ltd, based in Herne Bay, UK, is a small, active company founded eight years ago in 2016. It employs four people and holds £880,152 in assets. With a real address and a single director and owner, Vadsola Ratna Prakashkumar, the company regularly imports ceramic products, with three months of import activity recorded as of July 2024.

The company's website highlights its focus on property development and investment, operating under the Richland Group. It showcases a portfolio of residential and commercial projects, including developments in Belfast and Annacloy. The Richland Group positions itself as an award-winning developer committed to quality and on-time delivery, and is a member of The Royal Institution of Chartered Surveyors. The website also mentions a London office at Buckingham Palace Road.

Financially, Richland Homes Ltd presents a mixed picture. While current assets increased by a solid 71% to £880,000, net assets remained relatively stable at £68,000. However, bank borrowings saw a significant jump of 12%, reaching £370,000, and creditors ballooned by 280%, reaching £440,000. Trade debtors also increased substantially, by 210%. Cash reserves decreased slightly, by 12%, to £140,000. The company meets two of three criteria to be classified as small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size.

Overall, Richland Homes Ltd seems to be growing its asset base, but the increase in debt and creditors suggests it's potentially burning through cash to fuel that growth. It's a common pattern for property developers, but it will be interesting to see if they can maintain this pace without facing financial strain.

The company operates in Real estate → Other property rentals; Real estate → Principal trading.

Registered in England/Wales under the registration number 10443153, with a registered address at CT6 5LE, England, Herne Bay, 82-84 High Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.