RYMA LTD: Company Overview, History, Business Activities, and Dissolution Details

If you are searching for detailed information about RYMA LTD, this comprehensive article provides everything you need to know. Whether you are conducting due diligence, researching UK companies, verifying business credentials, or simply seeking background information, understanding the structure and history of RYMA LTD is essential. RYMA LTD was a private limited company registered in the United Kingdom, operating primarily in the retail sector. Like many small UK businesses, it was incorporated with a specific business purpose and later dissolved in accordance with official procedures.

Company Overview of RYMA LTD

Legal Name

RYMA LTD

Company Type

Private Limited Company (Ltd)

Jurisdiction

United Kingdom

Industry Classification (SIC Code)

47910 – Retail sale via mail order houses or via the Internet

This classification indicates that RYMA LTD operated in the online retail or mail-order sector, a rapidly growing segment of the UK economy in recent years.

Registered Office Address

The company was registered at an official UK address in London, as required by Companies House regulations. This address served as the business’s legal correspondence address.

Incorporation Details of RYMA LTD

RYMA LTD was officially incorporated in September 2019. As a private limited company, it became a discrete legal entity distinct from its directors andshareholders. This structure provides:

• Limited liability protection
• Legal recognition under UK company law
• The ability to enter into contracts
• The requirement to file annual reports and financial statements

The formation of RYMA LTD in 2019 positioned it within a competitive digital retail environment, especially as e-commerce demand surged in subsequent years.

Nature of Business: What Did RYMA LTD Do?

The primary industry classification for RYMA LTD was:

Retail sale via mail order houses or via the Internet (SIC 47910)

This typically includes:

• Online product sales
• E-commerce platforms
• Drop-shipping businesses
• Mail-order retail operations
• Direct-to-consumer online sales

Companies operating under this SIC code often:

• Sell products through independent websites
• Operate on marketplaces
• Manage digital storefronts
• Offer shipping and delivery services

While detailed public product listings are not always available through company records alone, the classification strongly indicates that RYMA LTD functioned as an online retail business.

Director and Ownership Structure

Director Information

RYMA LTD had a single listed director at the time of incorporation. In UK limited companies, directors are legally responsible for:

• Filing annual accounts
• Submitting confirmation statements
• Maintaining statutory records
• Ensuring legal compliance

Directors also have fiduciary duties, including acting in the company’s best interests and avoiding conflicts of interest.

Persons with Significant Control (PSC)

UK companies must declare individuals who hold significant ownership or control. In general, a PSC is someone who:

• Owns more than 25% of shares
• Holds more than 25% of voting rights
• Has the right to appoint or remove directors

In the case of RYMA LTD, control was concentrated in a single individual, meaning ownership and decision-making authority were not widely distributed.

Financial Filings and Compliance

Like all UK limited companies, RYMA LTD was required to submit:

1. Annual Accounts
2. Confirmation Statements

Annual Accounts

Micro-entity accounts were filed during the company’s operational period. Micro-entity status is typically available to small companies that meet specific financial thresholds for turnover, balance sheet totals, and the number of employees.

Micro-entity accounts usually contain:

• A simplified balance sheet
• Limited financial disclosures
• Basic statutory statements

This suggests RYMA LTD operated on a relatively small scale.

Confirmation Statements

A confirmation statement verifies that the company information held at Companies House is accurate and up to date. This includes:

• Registered address
• Director details
• Share capital structure
• PSC information

RYMA LTD filed confirmation statements during its active period, demonstrating regulatory compliance at the time.

Dissolution of RYMA LTD

Current Status: Dissolved

RYMA LTD has been officially dissolved and removed from the register.

When a company is dissolved in the UK:

• It ceases to legally exist
• It cannot trade
• Its bank accounts are typically closed
• It cannot enter into new contracts
• Its name becomes available for future use (subject to restrictions)

Compulsory Strike-Off Process

The dissolution followed a compulsory strike-off procedure. This typically occurs when:

• A company fails to file the required documents
• There is no evidence of business activity
• Regulatory requirements are not met

Companies House publishes Gazette notices before dissolving a company, giving stakeholders an opportunity to object.

Once dissolved, the company legally ceases operations.

What Does the Dissolution of RYMA LTD Mean?

If you are researching RYMA LTD for business verification purposes, here’s what dissolution means:

The Company Is No Longer Active

RYMA LTD cannot legally trade or conduct business.

Contracts and Liabilities

Existing contracts would have been addressed prior to dissolution. However, in certain circumstances, dissolved companies can be restored to the register.

Company Restoration

In some cases, a dissolved company can be restored through:

• Administrative restoration
• Court order

Restoration may occur if creditors, shareholders, or directors have legitimate reasons.

Why Do UK Companies Get Dissolved?

There are several common reasons companies like RYMA LTD may be dissolved:

• Business closure due to low profitability
• Strategic decision to cease operations
• Failure to submit required filings
• Administrative oversight
• Reorganization under a different company name

In small e-commerce businesses, it is not uncommon for companies to close after a few years if market conditions change or operational goals shift.

Importance of Checking Companies House Records

If you are researching RYMA LTD for:

• Supplier verification
• Due diligence
• Credit checks
• Background research

It is always important to confirm:

• Company status (active or dissolved)
• Director history
• Filing compliance
• Registered office information

Companies House records provide authoritative legal data on UK limited companies.

RYMA LTD and the UK E-Commerce Landscape

When RYMA LTD was incorporated in 2019, the UK e-commerce sector was experiencing significant growth. Key trends included:

• Rapid expansion of online retail
• Increased consumer demand for home delivery
• Growth of drop-shipping business models
• Expansion of global digital marketplaces

Small private limited companies often enter this space due to:

• Low startup costs
• Minimal physical infrastructure requirements
• Flexible operational models

However, intense competition in online retail can contribute to short business lifecycles.

Key Takeaways About RYMA LTD

• RYMA LTD was a UK private limited company.
• It operated in the online retail/mail-order sector.
• The company was incorporated in 2019.
• It filed micro-entity accounts during its active period.
• It was later dissolved following a compulsory strike-off process.
• It is no longer legally active or trading.

Frequently Asked Questions (FAQs)

Final Thoughts on RYMA LTD

RYMA LTD was a small UK private limited company operating within the online retail sector. Incorporated in 2019, it functioned under the standard UK company structure and complied with filing requirements during its operational period. Eventually, it underwent compulsory strike-off and was formally dissolved.

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