Odin Retail Limited

Odin Retail Limited, based in Lincoln, UK, is a small holding company with an active status, celebrating 20 years since its founding. Employing 42 people, the company holds assets worth £2,457,942. It operates an e-commerce site and regularly imports and exports clothing and accessories made by knitting or crocheting – 388 months of imports and 6 months of exports recorded. Google users rate it 4.0 out of 5 based on one review.

The company's website, Polarn O. Pyret, showcases a Swedish brand specializing in organic kids' clothing. It offers a wide range of items, from baby clothes to outerwear, and caters to both boys and girls. The website highlights classic stripes, unique Scandi prints, and a focus on sustainable practices. It’s clear that Polarn O. Pyret is a significant part of Odin Retail’s operation, with a strong emphasis on quality and design.

Financially, Odin Retail Limited presents a mixed picture. Creditors decreased by 18%, which is a positive sign, but cash bank on hand increased by 36% to £390,000. However, bank borrowings jumped by a significant 46%, reaching £650,000, and accrued liabilities dropped by 19%. The company’s net assets increased by 37% to £1,500,000. Interestingly, the company’s trade debtors increased by 25%, which could indicate a strategy to increase sales on credit. 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. There’s no auditor mentioned, likely due to its status as a small company, so the financial information is unaudited.

The company’s growth in bank borrowings, while concerning, could be linked to investments in the Polarn O. Pyret brand or expansion efforts. The increase in trade debtors suggests a possible shift in sales strategy. Overall, Odin Retail Limited appears to be a resilient company navigating the challenges of a competitive market, with a strong brand identity and a focus on sustainable practices.

Registered in England/Wales under the registration number 05384555, with a registered address at LN1 3BU, England, Lincoln, The Lawn, Union Road.

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