Olar Commerce Ltd

Olar Commerce Ltd from Coleraine, UK, is a small, active company founded just one year ago. It's a solo venture, led by a single director and owner, Martin Oliver, and employs just one person. The company holds £21,000 in assets and operates from a real address, though only two companies share the same location.

The company's website, Polar Commerce Consulting, Ltd, focuses on helping businesses globalize through e-commerce. It highlights the rapid growth of online retail worldwide, projecting significant increases in e-commerce spending through 2018. The site encourages businesses to leverage Polar Commerce Consulting's expertise to expand their brand and reach a wider audience, and is powered by Weebly and managed by iPage.

Financially, Olar Commerce Ltd presents a mixed picture. While the company holds £21,000 in cash, its operating profit loss was -£8,800. Administrative expenses remained steady at £8,800, and the number of employees stayed at one. Bank borrowings are zero, and creditors are also at zero. The company meets two of the three conditions to be considered small—turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees—and is exempt from an audit.

Overall, Olar Commerce Ltd appears to be a small, early-stage business navigating the challenges of a competitive online market. The lack of turnover and the operating loss suggest it's still building its customer base, but the focus on e-commerce consulting hints at a potential avenue for growth. It’s a small business, and it’s likely burning through cash, but it’s also a relatively new venture, and it's possible that the business is still finding its feet.

Registered in Northern Ireland under the registration number NI702095, with a registered address at BT51 5YJ, Northern Ireland, Coleraine, 53 Movanagher Road, Kilrea.

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