Harmonie Ventures Limited

Harmonie Ventures Limited is a small, active company based in Aberdeen, UK, founded 13 years ago in 2012. With three employees and £73,073 in assets, it’s a solo-founded operation run by a single director and owner, Awote Frederick Olatunde. The business operates an e-commerce site, "Harmonie Ventures The AfroCaribbean Marketplace," selling a wide range of products including bagged foods, canned goods, drinks, fresh produce, and hair products. The site’s perfect 5.0 Google rating from 10 reviews suggests a positive customer experience. While primarily focused on online retail, it has a physical business address at 555 George Street, Aberdeen.

The company’s website positions itself as a specialist in AfroCaribbean groceries and essentials, catering to the diaspora community. From traditional foods to beauty products, the site emphasizes authenticity and convenience. It even offers wholesale options, indicating a desire to serve larger retailers. Telephone numbers are provided, and the website is professionally developed by iBrowseo.

Financially, Harmonie Ventures Limited shows a mixed picture. Cash reserves are relatively stable at £51,000, but net assets are in the negative, standing at -£16,000. This suggests the company is burning through cash, possibly reinvesting heavily in inventory or marketing. Bank borrowings increased to £29,000, and trade creditors are at £100,000, which is a lot for a small company. The lack of employees (three reported) hints at a lean operation. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the negative equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Harmonie Ventures Limited is facing challenges. The e-commerce side appears active and well-reviewed, but the financials reveal strain. Whether this is typical startup turbulence or a longer-term challenge remains to be seen—but for now, Harmonie Ventures Limited is betting on its niche market and customer satisfaction to turn the tide.

Registered in Scotland under the registration number SC415015, with a registered address at AB12 3RF, Aberdeen, Aberdeenshire, 20 Lochinch Park, Cove-Bay.

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