Okiiva Ltd

Okiiva Ltd from Birmingham UK is a small, active company founded two years ago. It employs two people and holds £8,269 in assets, boasting a real address and two directors/owners. However, its Google rating sits at a concerning 1.0 based on just one review.

The company operates in the retail sale via mail order houses or via internet industries, and has a website called Loqiva, which is a Digital Town Hub. The website offers a suite of features for town managers and businesses, aiming to connect residents, businesses, and local services into a thriving community. It's essentially a platform to build a stronger local economy, attracting visitors and fostering local spending. The site highlights its use by councils, BIDs (Business Improvement Districts), and other place-making organizations.

Financially, Okiiva Ltd presents a picture of a struggling startup. While the company is small, meeting two of three criteria for a small company, its equity is deeply negative at -£25,000. Cash reserves are minimal at £8,300, and bank borrowings are substantial at £33,000. Creditors have also risen, indicating a reliance on short-term debt. The lack of employees (just two reported) suggests a lean operation, but the negative equity and reliance on borrowing are worrying signs. The accounts are unaudited, and no auditor is mentioned, which is common for small, exempt companies. The company has taken exemption under Companies Act in not publishing its own Profit Loss Account.

Overall, Okiiva Ltd appears to be burning through money, despite its innovative Digital Town Hub concept. Whether it can secure funding or generate sufficient revenue to turn its situation around remains to be seen.

Registered in England/Wales under the registration number 14687458, with a registered address at B16 8SP, England, Birmingham, Sterling House 71 Francis Road, Edgbaston.

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