Oli Food Ltd

Oli Food Ltd, based in Lowestoft, UK, is a small, family-run business with an active status. Founded two years ago in September 2022, the company employs just two people and holds £78,101 in assets. It’s a tight-knit operation with two directors and two owners, operating from a real address at 123 Bridge Road.

The company’s website, Olio, presents a fascinating and unique concept. It's not a traditional e-commerce site selling products, but rather a "sharing app" designed to combat food waste. Olio’s core mission is to connect people within their local communities, enabling them to share surplus food and other household items—avoiding them ending up in landfills. The site emphasizes a community-driven approach, with users listing items for free pickup and fostering a sense of neighborly support. It’s a clever model, leveraging technology to promote sustainability and reduce waste. They even have a "Big Spring Clean challenge" to encourage more listings.

Financially, Oli Food Ltd’s figures show a stable, albeit modest, position. While the company’s net assets remain at £29,000, and cash reserves at £11,000, the company’s creditors have remained at £59,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the creditors show a need to watch the money. No auditor is mentioned, likely due to the company’s small size and exemption from an audit. The accounts are unaudited, relying on director-reported data.

Overall, Oli Food Ltd seems to be a financially sound operation, but it's a unique business model, not a traditional retail venture. Its success hinges on its community engagement and the ongoing commitment of its users—a testament to the power of sharing and sustainability.

Registered in England/Wales under the registration number 14375615, with a registered address at NR33 9JU, England, Lowestoft, 123 Bridge Road.

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