Office Reality Ltd

Office Reality Ltd from Wellington UK: a small, active company founded 21 years ago, employs 15 people, and holds £1,715,471 in assets. It’s a real address, managed by three directors and two owners – a family business with a solo founder running an e-commerce site. It has a Google rating of 3.0 based on 99 reviews. The company regularly imports furniture, lighting, and prefabricated buildings (142 months) and exports the same items (6 months).

The company operates in the wholesale of office furniture and retail sale via mail order houses or via internet industries. Its website isn't available for review, so it's difficult to know exactly what the e-commerce side looks like, but it’s clearly focused on office supplies.

Financially, Office Reality Ltd’s numbers show a mixed picture. Current assets have decreased by 22%, dropping to £1,700,000, while net assets also declined by 6.1% to £900,000. Cash reserves have taken a significant hit, falling 63% to £420,000. However, trade debtors have increased by 24%, suggesting the company is collecting payments more effectively. Bank borrowings have also risen, and creditors have decreased, which could be a positive sign of improved debt management. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit.

The company’s decline in cash reserves and net assets is a cause for concern, and it’s likely that the business is facing some financial pressures. The increase in trade debtors, however, suggests that the company is managing its cash flow reasonably well. It’s difficult to say exactly what’s driving these trends without more information, but it’s possible that the company is investing in growth or facing increased competition.

Registered in England/Wales under the registration number 05007297, with a registered address at TA21 9AD, Wellington, Somerset, Unit 4a Westpark 26, Chelston.

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