Oelite Limited

Oelite Limited, a small, active company from Manchester, UK, has been operating for eleven years. Founded in 2014, it employs a single person and holds £8,577 in assets. The company utilizes a virtual address, has one director and one owner, and boasts a perfect 5.0 Google rating based on one review. Meeting two of three conditions (turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees), Oelite is classified as a small business.

The company’s website, Elite Office Furniture, showcases a wide range of contemporary and sustainable office furniture solutions. It’s clear they're focused on e-commerce, offering everything from desking and seating to storage and accessories—all available for online purchase. The site’s extensive product catalog and interactive showroom demonstrate a commitment to providing a comprehensive online shopping experience for businesses looking to furnish their offices. There’s a lot of detail here, with options for customisation and finishes, suggesting a focus on catering to diverse client needs.

Financially, Oelite Limited presents a mixed picture. Current assets have dramatically decreased by 81%, falling to £8,600, while bank overdrafts have increased by 29%, now at £9,600. Cash on hand has seen a significant jump of 520%, reaching £3,600, which is a positive sign. However, creditors have also risen by 49%, reaching £62,000. The company's equity has decreased by 6.2%, now at -£61,000. Trade debtors have plummeted by 89%, now at just £4,900. It seems like the company has been working hard to reduce its debt, but the decrease in assets and the negative equity are concerning. There’s no mention of an auditor, which is typical for small, exempt companies. The company’s financial reports are unaudited.

Registered in England/Wales under the registration number 08967479, with a registered address at M2 3WQ, England, Manchester, Bartle House, Oxford Court.

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