Olfy Limited

Olfy Limited is a small, active company registered in London, UK, founded five years ago in March 2020. It operates as a solo venture, employing just one person and boasting £134,493 in assets. The company’s registered address is a virtual one, shared by over 5,000 other businesses, and is led by a single director and owner, Balogh Tamas.

Olfy Limited specializes in bringing new experiences and sensations to virtual reality projects by innovating with the olfactory dimension. Its website highlights a focus on events, training, and research, offering a demo kit and custom fragrance solutions. It’s clear they are heavily invested in ecommerce, with a website showcasing their VR device and fragrance catalog. They're even partnering with agencies like Massive and BIG to create immersive experiences for clients like Danone and Wine Paris Salon.

Financially, Olfy Limited’s numbers present a mixed picture. While current assets have increased by 35% to £130,000, cash reserves have taken a significant hit, dropping 37% to £32,000. Trade debtors have surged by a staggering 510%, suggesting potential difficulties in collecting payments. Equity, however, has grown by 36% to £110,000, which is a positive sign. Creditors have also risen by 29%, which could be due to increased investment in inventory or marketing. The company’s small size (meeting two of three criteria for being classified as small) allows for flexibility, but the increase in debtors and decrease in cash warrants attention. The accounts are abridged and unaudited, and no auditor is mentioned, which is typical for small companies. It’s possible the company is investing heavily in growth, but it’s also important to monitor cash flow closely.

Registered in England/Wales under the registration number 12521371, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street.

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