Riseicon Uk Ltd

Riseicon Uk Ltd is a small, active company based in Ilford, UK, established three years ago in 2021. It operates as an e-commerce site, selling goods online, and employs just one person. The company boasts £66,518 in assets and has a real registered address at Office 4 2-3 Cromwell Center, Hainault Business Park, IG6 3UT. Two directors oversee operations, and Ali Afzol is listed as both the owner and a director.

The company’s website reveals a focus on retail sales via mail order and the internet, catering to a broad customer base. It appears to be a straightforward online retail venture, with no immediately obvious secondary business lines. While the website is functional, it lacks detailed product descriptions and high-quality imagery, suggesting a focus on cost-effectiveness over premium presentation.

Financially, Riseicon Uk Ltd presents a mixed picture. While current assets increased slightly to £67,000, bank cash fell dramatically by 43000%, leaving just £4,700. Director loans increased significantly, rising by 7800% to £11,000, while previous loans were repaid at a rate of -58.0%. Creditors also increased by 7.1%, indicating a reliance on credit from suppliers. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the sharp decrease in cash reserves raises concerns about short-term liquidity. The company is exempt from an audit, and the figures are unaudited.

The significant increase in director loans, coupled with the decrease in cash, suggests the company may be burning through money to sustain operations. It's possible that the business is investing in inventory or marketing to drive sales, but without more information, it’s difficult to say for sure. The company's future success will depend on its ability to generate sufficient revenue to cover its expenses and rebuild its cash reserves.

Registered in England/Wales under the registration number 13514575, with a registered address at IG6 3UT, United Kingdom, Ilford, Office 4 2-3 Cromwell Center, Hainault Business Park.

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