Niche Office Solutions Ltd

Niche Office Solutions Ltd, based in Glasgow, UK, is a small, active company established 14 years ago. With 10 employees and £329,490 in assets, it’s a family-run operation led by a solo founder and director, Thaper Rakesh. The business boasts a stellar 5.0 Google rating from 115 reviews, demonstrating a commitment to customer service. It operates from a real address and functions as an irregular importer, primarily dealing with optical and medical tools and devices, with the most recent import activity occurring in April 2024.

The company’s website paints a picture of a comprehensive office supplies provider. Niche Office Solutions Ltd offers buyers a friendly, convenient, and quick one-stop shop service, stocking over 140,000 products across 292 categories, from computer consumables and stationery to furniture and telecoms. It even handles bespoke requests, showcasing a willingness to go the extra mile. The website highlights partnerships with renowned distributors and emphasizes a vast array of products from well-known IT vendors like Brother, Canon, and Lenovo. Customers can order online or request a quotation from the sales team. Beyond office supplies, Niche also runs divisions specializing in healthcare and export, and even restores pianos.

Financially, Niche Office Solutions Ltd shows a mixed picture. Current assets increased by 54% to £330,000, while bank borrowings surged by 89% to £36,000. Cash reserves grew significantly, increasing 630% to £95,000. However, equity declined by 13% to £130,000, and finished goods decreased by 48% to -£41,000. Trade debtors increased by 58%, suggesting a growth in sales, but also a potential challenge in collecting payments. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the equity decline warrants attention. As a small company, the accounts are unaudited, relying on director-reported data.

Overall, Niche Office Solutions Ltd appears to be a growing business, but it's facing some financial pressures. The company's diverse offerings and commitment to customer service position it well for continued success, but managing its equity and cash flow will be crucial for long-term stability.

Registered in Scotland under the registration number SC397204, with a registered address at G2 4JR, Scotland, Glasgow, Niche Office Solutions Ltd, 272 Bath Street.

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