Aberdeen Office Supplies Limited

Aberdeen Office Supplies Ltd, based in Inverurie, UK, is a small, active company founded 22 years ago. With seven employees and £146,015 in assets, it operates from a virtual address – a detail flagged by the fact 28 companies are registered at the same location. The business is led by three directors and owned by two individuals, and it runs an e-commerce site with a stellar 5.0 Google rating from 17 reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import activity recorded one month ago in March 2023.

The company's website showcases a range of office furniture, from used workstations costing just £265 (excluding VAT) to electric desks priced at £250. It’s clear they cater to businesses seeking affordable solutions, with a focus on quick sales and immediate availability. They’re even offering a “bumble bee mural” to help customers find their location. The site also highlights office relocation services and account services, suggesting a broader range of offerings beyond just product sales.

Financially, Aberdeen Office Supplies Ltd presents a mixed picture. Current assets have plummeted by a staggering 32%, dropping to £150,000, while net assets have also declined by 21%, settling at £50,000. Bank borrowings have increased by 53%, reaching £29,000, and cash reserves have fallen 20% to £33,000. Trade debtors have also seen a significant decrease, dropping 44% to £76,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. It’s worth noting that the company's financial statements are unaudited, likely due to its small size.

Despite the decline in assets, the company's strong Google rating and focus on affordable office furniture suggest it’s still attracting customers. However, the drop in cash reserves and increase in borrowings indicate it’s facing financial pressures, and it will need to manage its cash flow carefully to maintain its operations.

Registered in Scotland under the registration number SC238550, with a registered address at AB51 0AA, Inverurie, Aberdeenshire, 6 Market Square, Oldmeldrum.

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