Omg How Cheap Ltd

Omg How Cheap Ltd, based in Colchester, UK, is a medium-sized company with an active status, having been founded 13 years ago in 2011. Employing 47 people, it boasts assets of £6,008,835 and yearly revenue of £16,839,489. The company, managed by four directors and owned by Field David Paul, has a solid 4.0 Google rating from nine reviews. It’s a regular importer of machinery, boilers, and mechanical appliances (parts, imported for 5 months), and a prolific exporter of miscellaneous manufactured goods (exported for 339 months).

The company’s website paints a picture of an online stationery and art supplies retailer. It offers a wide range of products, from school supplies to art materials, and emphasizes fast delivery and competitive pricing. The site also includes a blog with helpful tips and ideas for using stationery and art supplies. It’s clear that Omg How Cheap Ltd is targeting both individual consumers and businesses.

Financially, Omg How Cheap Ltd appears to be navigating some challenges. While turnover increased by 7.8% to £17 million, net assets decreased by 12% to £4.1 million. Bank borrowings increased significantly by 2,400% to £29,000, and cash reserves fell 30% to £28,000. However, creditors decreased by 18%, which could indicate improved debt management. The company’s medium size (meeting two of three conditions for turnover under £36 million, assets under £18 million, and fewer than 250 employees) allows for flexibility, but the drop in equity raises some questions. The accounts are unaudited, so the figures rely on director-reported data.

Overall, Omg How Cheap Ltd is a well-established online retailer facing typical pressures for a growing business. While the company’s financials show some concerns, its strong Google rating and active import/export operations suggest a resilient business model.

Registered in England/Wales under the registration number 07862638, with a registered address at CO5 0FE, England, Colchester, 22 Warren Lingley Way, Tiptree.

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