Obeetee Ltd

Obeetee Ltd, based in London, UK, is a small, active company established nine years ago in 2016. With two employees and £102,925 in assets, it operates from a virtual address shared by 58 other companies, a bit unusual. The company is led by two directors and two owners, though the list of owners hasn's been updated since its founding. Obeetee specializes in importing carpets and textile floor coverings, though its import activity has been irregular, with only two months of imports recorded in the last four years.

The company's website, Obeetee.com, paints a picture of a much larger operation. It proudly proclaims itself the world’s leading source for handcrafted rugs, boasting a 104-year legacy and collaborations with major brands like Pottery Barn, West Elm, and even luxury hotels like Four Seasons and Soho House. The website highlights custom rug programs, ethical sourcing (Fairtrade and Goodweave certifications), and a focus on museum-grade restoration and disaster recovery for pianos—a surprising addition to their core rug business. It's clear Obeetee isn’t just selling rugs; it’s selling heritage, craftsmanship, and bespoke design.

Financially, Obeetee Ltd presents a mixed bag. Cash reserves have shrunk by nearly half, dropping from £16,000 to £8,400, while current assets have also decreased by 10%, settling at £100,000. Bank borrowings have increased, and creditors remain relatively stable. The company's small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in cash and assets suggests a tighter financial situation. Although the company’s debts have not increased significantly, it’s possible that the company is burning through cash to maintain its operations. The lack of an auditor mentioned is likely due to its small size and exemption from auditing requirements.

Registered in England/Wales under the registration number 09939974, with a registered address at W5 2UA, England, London, 2 Craven Road.

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