Offerwide Limited

Offerwide Ltd from Woodbridge UK is a small, holding company with an active status, established 34 years ago in 1990. The company employs ten people and holds assets valued at £1,336,711. It’s a family business with one director and three owners, operating from a real address in Rendlesham, Suffolk. Offerwide regularly imports miscellaneous chemical products, with seven months of import activity recorded, the latest in August 2024. The company’s activities include non-specialised wholesale trade and retail sales via mail order and internet.

The company’s website isn’t available, so it’s difficult to determine if it operates an e-commerce site. However, the nature of its import activities and wholesale trade suggests a business-to-business model rather than direct consumer sales.

Financially, Offerwide Ltd shows some interesting trends. Cash bank on hand increased significantly by 28%, reaching £1.2 million, which is good. However, creditors also rose sharply, increasing by 72% to £190,000, which could indicate a reliance on short-term financing. Average employee numbers decreased by 20%, dropping to eight, which might be due to restructuring or seasonal fluctuations. Trade debtors increased by a substantial 300%, reaching £46,000, which could suggest difficulties in collecting payments or an expansion of credit terms. Equity grew by 22%, reaching £1.2 million, which is a positive sign. Despite these changes, the company’s net assets increased by 22%, reaching £1.2 million. 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 remain flexible, but the increase in creditors warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Registered in England/Wales under the registration number 02548416, with a registered address at IP12 2TW, United Kingdom, Woodbridge, Suffolk, Unit B12 Base Business Park, Rendlesham.

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