Omni Bits Limited

Omni Bits Limited is a small, active company based in Edinburgh, UK, founded four years ago in 2020. With three employees and £120,178 in assets, it operates as a solo-founded venture with one director and owner. The company runs an e-commerce site and irregularly imports furniture, lighting, and prefabricated buildings—just one month of import activity was recorded as of May 2023. It's registered at a virtual address, shared by sixty other companies, which could be a sign of a shared service arrangement.

The company’s website, Omnitau, focuses on premium activewear and loungewear, emphasizing ethically sourced materials and UK-based production. It offers a wide range of clothing, from gym leggings and sports bras to hoodies and t-shirts, targeting both men and women. The site highlights fast delivery, easy returns, and a commitment to sustainability—a common appeal in the modern apparel market.

Financially, Omni Bits Limited presents a mixed picture. Net assets have plummeted 370%, reaching -£130,000, a significant decline. Cash reserves have also drastically fallen, dropping 98% to just £2,900. Trade creditors increased by 300%, reaching £32,000, suggesting a reliance on credit from suppliers. On the plus side, debtors have increased, reaching £17,000, which could indicate improved sales. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, and the figures are unaudited.

While the e-commerce side appears to be growing, the financials show a company struggling to maintain its equity. Whether this is a temporary setback or a longer-term challenge remains to be seen—but for now, Omni Bits Limited is betting on its premium products and ethical sourcing to turn things around.

Registered in Scotland under the registration number SC659680, with a registered address at EH2 4AN, Scotland, Edinburgh, Midlothian, 5 South Charlotte Street.

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