Olamazi Ltd

Olamazi Ltd is a small, active company based in Stevenage, UK, founded two years ago in 2022. With a single employee and £6,678 in assets, it operates as a solo-founded venture with one director and owner. The company runs an e-commerce site and is an irregular importer, primarily dealing in toys, games, and sports equipment—just one month of import activity was recorded as of November 2023.

The company’s website is currently closed, stating it will reopen on April 21st. A password is required to access the shop, and a sign-up form is available for those wanting to be notified of the launch. The site indicates it will be powered by a third-party platform.

Financially, Olamazi Ltd presents a mixed picture. Cash on hand remains steady at £6,700, but net assets are in the negative, sitting at -£890. Trade debtors are also negative at -£10, suggesting potential refunds or unsettled payments. While creditors remain stable at £7,600, the negative equity raises concerns. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

It appears Olamazi Ltd is still navigating its early stages. While the e-commerce site is poised for a relaunch, the financial figures suggest it's burning through money, and the negative equity is something to watch.

Registered in England/Wales under the registration number 14442950, with a registered address at SG1 2RQ, England, Stevenage, 33 Torquay Crescent.

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