Gift Original Ltd

Gift Original Ltd from Norwich UK: small company, active status, founded 12 years ago, 1 employee, £5,032 assets, virtual address, 1 director, 1 owner, solo founder, e-commerce site. It's a small business, meeting two of the three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company has been active since December 5, 2012, and is currently run by a single director and owner, Daniels Peter John, who is also the solo founder.

The company operates an e-commerce site, giftoriginal.com, specializing in personalized and unusual gifts. The website showcases a wide range of products, from personalized barware and clothing to keepsakes and photo frames, catering to various recipients and occasions. The site’s design is clean and user-friendly, with clear categories and a blog offering gift ideas. It seems they are doing well, with a 5.0 Google rating from eight reviews.

Financially, Gift Original Ltd presents a mixed picture. Current assets have fallen significantly, dropping 52% to just £5,000. Bank borrowings have also decreased, falling 70% to £880. Debtor’s have plummeted 93%, suggesting a potential issue with customer payments, or a change in credit policy. The company's equity has also declined, dropping 39% to -£3,200. With just £5,032 in assets, the business is operating with limited financial resources. The lack of employees (just one reported) points to a lean operation. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

Overall, Gift Original Ltd appears to be a small, solo-run e-commerce business facing financial challenges. While the website and product offerings seem well-designed and appealing, the declining assets and negative equity suggest a need for careful management and potentially, a change in strategy to ensure long-term sustainability.

Registered in England/Wales under the registration number 08319210, with a registered address at NR6 6BB, Norwich, Norfolk, Evolution House Iceni Court, Delft Way.

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