Buy It Online Ltd

Buy It Online Ltd is a small, active company based in Bolton, UK, founded eight years ago in December 2016. The company, with eleven employees, holds £549,969 in assets and operates from a virtual address – forty-nine companies are registered at the same location, which is unusual. It’s a solo-founded operation with two directors and one owner, Speed Steven Michael. The company regularly imports glass and glassware, with the latest import operation made on April 01, 2024.

The company’s website, Buy It Online, doesn't actually sell anything; instead, it acts as a directory, pointing visitors to listings available on eBay. It's essentially a curated list of products, with links to external sites. The site emphasizes the convenience of online shopping – wider stock availability, easier searching, discount codes, and home delivery – and includes a disclaimer stating it doesn't endorse any of the linked products or organizations. It’s a simple, informational site, not an e-commerce platform itself.

Financially, Buy It Online Ltd presents a mixed picture. While current assets increased by 19% to £550,000, net assets decreased by 1.2% to £310,000. Bank borrowings have increased, with overdrafts rising by 2.5% to £10,000, and non-financial instruments dropping by 33% to £21,000. Cash reserves have taken a significant hit, plummeting 81% to just £61,000. Creditors have also increased substantially, rising 83% to £230,000. Debtors have exploded, increasing by 10,000% to £390,000. The company's small size – meeting two of three conditions for being classified as small – helps it remain agile, but the decrease in equity and the large increase in debtors raise concerns. As a small company, it’s exempt from an audit, so the figures are unaudited. The company’s financial performance suggests it’s burning through cash, and the large increase in debtors could indicate difficulties in collecting payments.

Registered in England/Wales under the registration number 10526713, with a registered address at BL6 4SD, England, Bolton, Fourth Floor, Unit 5b The Parklands, Lostock.

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