RIDE3 CLOTHING LTD

Executive Summary

RIDE3 CLOTHING LTD is a micro private limited company exhibiting low risk based on current financials and compliance status. The company has demonstrated financial improvement with positive net assets and no overdue filings, indicating regulatory adherence and solvency. However, limited operational data and absence of PSC details warrant further investigation into business sustainability and ownership transparency before investment.

RIDE3 CLOTHING LTD - Analysis Report

Company Number: 12989317

Analysis Date: 2025-07-29 19:15 UTC

1. Risk Rating: LOW
   The company exhibits a positive net asset position with no overdue filings or indications of financial distress. Its micro-entity status and recent accounts demonstrate an improving financial position, supporting a low solvency and liquidity risk at this stage.

2. Key Concerns:

• Limited scale of operations indicated by zero employees and minimal fixed/current assets, potentially implying dependence on the director or external resources.
• Absence of detailed profit and loss data or turnover figures restricts assessment of operational cash flows and sustainability.
• No declared persons with significant control, which could merit confirmation of ownership structure and governance transparency.

3. Positive Indicators:

• Consistent filing of annual accounts and confirmation statements within deadlines, reflecting regulatory compliance.
• Improvement in net assets from a negative position in 2021 to positive £4,500 in 2023 indicating financial stabilization.
• Zero current liabilities reported in the last two years, suggesting manageable short-term obligations.

4. Due Diligence Notes:

• Verify revenue streams and profit margins since turnover data is not provided to evaluate operational viability.
• Confirm ownership and control structure given absence of PSC disclosures; ensure no hidden risk from unidentified controllers.
• Investigate the reason behind the negative net assets in 2021 and the subsequent turnaround to understand financial dynamics and sustainability.
• Assess cash flow statements, if available, to analyze liquidity beyond balance sheet snapshots.
• Review director’s background for any adverse records or conflicts of interest despite clean appointment data provided.