Oewe Ltd

Oewe Ltd from Wakefield UK is a small holding company with an active status, founded five years ago. The company employs one person and holds £42,920 in assets, operating from a real address with one director and one owner. It’s a private limited company registered in England/Wales with the registration number 12494938.

The company’s website showcases a premium home entertainment brand, Loewe, specializing in high-end TVs, projectors, audio systems, and even coffee and wine accessories. The site is primarily ecommerce-focused, offering a wide range of products with detailed specifications and a sleek, modern design. It's clear Loewe is targeting a luxury market, emphasizing German engineering, stylish design, and cutting-edge technology. The site offers international shipping and caters to a global audience, with options to view products in multiple languages and currencies. There's a strong emphasis on visual appeal, with high-quality product photography and videos showcasing the products in stylish home settings.

Financially, Oewe Ltd’s recent report reveals a mixed picture. Cash bank on hand plummeted 110% to a negative £190, a significant drop. While current assets increased by 49% to £43,000, net assets also decreased by 3.8% to -£210,000. Loans from directors rose 20% to £240,000, and other creditors vanished completely. Trade debtors increased by 71% to £43,000, and value tax payable rose to £5,600. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, so the figures are unaudited.

Despite the concerning drop in cash reserves, the increase in current assets suggests the company is generating revenue. However, the substantial loan from directors and the negative equity raise questions about its long-term financial health. The lack of employees, combined with the rising debts, suggests Oewe Ltd is likely operating with a lean team, potentially relying heavily on external funding to sustain its operations.

Registered in England/Wales under the registration number 12494938, with a registered address at WF2 7QX, England, Wakefield, 100 Thornes Lane.

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