Ogan Ltd

Ogan Ltd from London UK: a small, active company founded six years ago, employs three people, and holds £74,773 in assets. It’s a solo-founded operation with one director and owner, registered at a real address. The company operates in the retail sale via mail order houses or via internet industries.

The company's website is currently unavailable, making it difficult to assess its online presence and specific offerings. Without a live website to analyze, it's impossible to determine if Ogan Ltd is actively engaged in e-commerce or relies solely on other sales channels.

Financially, Ogan Ltd presents a mixed picture. While current assets have increased by 15% to £75,000, net assets have decreased by 13% to -£3,500. This suggests the company is struggling to retain earnings, possibly due to increased expenses. Bank borrowings have decreased by 11% to £40,000, which is a positive sign, but cash reserves have plummeted 93% to just £840. Creditors have increased significantly, rising from zero to £15,000, indicating a greater reliance on short-term debt. Debtors have also increased, up 53% to £1,800. The company’s small size—meeting two of three conditions for a small company—helps it stay nimble, but the decline in equity is concerning. The accounts are unaudited, as is common for small companies.

Overall, Ogan Ltd appears to be facing financial pressures. While it has managed to increase its current assets, the decrease in equity and cash reserves suggests it’s burning through money. The increase in both creditors and debtors also raises questions about its ability to manage its short-term obligations. It’s a tightrope walk for this solo founder.

Registered in England/Wales under the registration number 11704829, with a registered address at N11 3PU, England, London, 1 Kensington Close.

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