Office Power Limited

Office Power Ltd, based in Redhill, UK, is a large, active holding company established twelve years ago. Employing twenty individuals, it boasts assets of £13,531,722 and generates a yearly revenue of £24,076,730. The company, with three directors and one owner, operates an e-commerce site and maintains a real address with seven other companies registered at the same location. It holds a respectable Google rating of 4.0 based on six reviews.

Office Power Ltd specializes in retail sales via mail order houses or via the internet. Its website showcases a wide range of office supplies and related products, catering to businesses of all sizes. The company appears to be actively engaged in online sales, with a user-friendly website and a focus on customer service.

Financially, the company’s recent performance presents a mixed picture. While turnover increased by a solid 20%, net assets have fallen significantly by 85%, dropping to just £140,000. Cash reserves have also declined by 39%, leaving just £710,000 available. Bank borrowings have risen sharply by 2100%, reaching £29,000, suggesting increased reliance on debt financing. Creditors, however, have decreased by 6.7%, which could indicate improved debt management. The company's size, meeting two of three criteria for a large company, means it's likely exempt from a full audit, relying on unaudited financial statements. The decline in equity is a notable concern, potentially reflecting increased operating expenses or strategic investments. The company’s auditor is Menzies LLP.

Registered in England/Wales under the registration number 08068760, with a registered address at RH1 5DZ, England, Redhill, Unit 4, Perrywood Business Park, Honeycrock Lane.

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