Ollie&nic Accessories Limited

Ollie & Nic Accessories Limited, based in Burgess Hill, UK, is a small, family-run business with an active status. Founded ten years ago in 2014, the company employs three people and operates from a real address at Unit 4 William Way Trading Estate. It’s led by two directors and two owners, and maintains a perfect 5.0 Google rating based on six reviews. The business regularly imports leather goods, travel bags, and animal harnesses, with 23 months of import activity recorded.

The company’s website, Ollie Nic, showcases a vibrant collection of handbags, purses, jewelry, clothing, and accessories. It emphasizes seasonal colours and timeless style, catering to customers seeking fashionable and practical items. The site also features an outlet section with discounted prices, and a blog section highlighting new arrivals and styling tips. The website’s design is modern and user-friendly, reflecting a focus on online retail.

Financially, Ollie & Nic Accessories Limited shows a mixed picture. Cash reserves increased dramatically by 4200%, reaching £22,000, which is a positive sign. However, net assets decreased by 25%, settling at -£120,000, and trade creditors increased by 160%, reaching £150,000. Bank borrowings also decreased by 42%, settling at £54,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size.

Overall, Ollie & Nic Accessories Limited appears to be navigating a period of change. While cash flow has improved, the decrease in equity and increase in creditors suggest potential financial pressures. The company’s focus on e-commerce and its strong Google rating indicate a solid online presence, but its long-term success will depend on its ability to manage its finances effectively.

Registered in England/Wales under the registration number 09042676, with a registered address at RH15 9AG, England, Burgess Hill, Unit 4 William Way Trading Estate.

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