Olim Gifts Ltd

Olim Gifts Ltd is a small, active company based in Warwick, UK, founded three years ago in July 1991. It operates a real address and is managed by a single director and owner, running an e-commerce site. The company’s core business involves retail sale via mail order houses or via internet, and other retail sale in non-specialised stores.

The website, Talking Wines, showcases a wide range of wines, spirits, and related products. It’s clearly an e-commerce operation, offering a vast selection from various countries and catering to both retail and trade customers. The site emphasizes free local delivery and offers a range of services, including wine tastings and trade account options. They also have a physical retail shop in Cirencester.

Financially, Olim Gifts Ltd’s latest report shows some concerning trends. Cash reserves have completely disappeared, dropping 100% to zero. Current assets also vanished, falling 100% to zero. While creditors decreased by a significant 43%, this doesn’s necessarily indicate financial health. Equity has declined by 27%, reaching -£16,000, suggesting the company is burning through cash. Bank borrowings, however, increased to £7, which is a small change. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

The company’s reliance on e-commerce and its wide product range suggest a focus on online sales. However, the sharp decline in cash reserves and equity raises questions about its financial sustainability. It’s possible the company is reinvesting heavily in its business, but the lack of cash on hand is a cause for concern. The fact that the company has no employees reported is also a notable point.

Registered in England/Wales under the registration number 13527096, with a registered address at CV34 4LN, England, Warwick, 10 Guy Street.

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