Bargains R Us Ltd

Bargains R Us Ltd is a small, active company based in Rainham, UK, founded seven years ago in 2017. It operates as an e-commerce site, selling a wide range of organic supplements and beauty products. The company has a real registered address and is managed by one director and owner, Akinnadeju-oyetunji Abosede. It’s a small operation, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, Organic Bargains, is a vibrant online marketplace featuring a vast selection of brands and products. From vitamins and supplements to hair and beauty essentials, it caters to health-conscious consumers. The site boasts fast and free UK next-day delivery and offers a customer service team available Monday to Friday. It’s clearly aiming to be a one-stop shop for organic and natural products, with a blog offering advice and promoting new arrivals.

Financially, Bargains R Us Ltd is showing some concerning trends. Net assets plummeted 1300%, ending at a negative £18,000—a significant reversal from the previous year. Bank borrowings decreased slightly, but cash reserves also took a hit, falling to zero. Trade creditors increased, suggesting potential difficulties managing short-term debts. While the company’s small size allows for agility, the sharp decline in equity raises questions about its financial health. It's worth noting that the accounts are unaudited and were prepared using Taxfiler software.

The company’s reliance on a single owner and director, coupled with the negative equity, suggests it may be burning through cash. Whether the e-commerce side can generate enough revenue to offset these losses remains to be seen—but for now, Bargains R Us Ltd is navigating a challenging financial landscape.

Registered in England/Wales under the registration number 10923657, with a registered address at RM13 8TN, England, Rainham, 30 Fairlane Road.

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