Office Essentials Limited

Office Essentials Ltd, based in Kirkby In Ashfield, UK, is a small, active company that's been around for 33 years. Founded in 1991, it employs 25 people and holds assets valued at £1,358,128. The company operates a real address and is led by two directors, with one owner—the solo founder, Price Peter. It runs an e-commerce site and has a stellar Google rating of 5.0 based on five reviews. They are regular importers of plastics and plastic products, with recent activity in August 01, 2024.

The company’s website showcases a wide range of products and services, from office supplies and furniture to technology and hygiene essentials. It's clearly aimed at businesses, offering everything needed to run an office effectively. They even provide furniture design and fit-out services. Customer testimonials highlight their competitive pricing, professional staff, and reliable delivery—a testament to their focus on customer service. The website also lists three distribution centres and boasts a 40,000-product inventory.

Financially, Office Essentials Ltd presents a mixed picture. While net assets grew by 1.9% to £180,000, cash reserves dropped 69% to just £440. Bank borrowings increased significantly by 41% to £420,000. Trade creditors decreased by 22%, which could indicate improved debt management. The company meets the criteria for a small business, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is common for small companies.

The increase in bank borrowings, despite the decrease in creditors, suggests the company may be relying more on credit to fund its operations. Whether this is a temporary situation or a longer-term trend remains to be seen, but it’s something to watch. Overall, Office Essentials Ltd seems to be a well-established business with a strong online presence, but its financial health requires close monitoring.

Registered in England/Wales under the registration number 02615778, with a registered address at NG17 7LA, Kirkby In Ashfield, Nottinghamshire, Kirkland House Byron Avenue, Lowmoor Business Park.

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