Omnibytes Ltd

Omnibytes Ltd, a small company based in London, UK, has been active since its founding five years ago in 2019. With a single employee and £146,323 in assets, it’s a solo venture led by founder and owner Abdelrazik Asim, who also serves as the director. The company operates from a virtual address, sharing space with 91,336 other businesses, and irregularly exports toys, games, and sports equipment—just one month of export activity was recorded as of June 2024. Omnibytes Ltd’s primary business is retail sale via mail order and internet, and it has a website.

The company’s website details a broader operation focused on consumer electronics distribution. Based in the heart of the UK, Omnibytes aims to deliver the latest gadgets, offering everything from consoles and smartphones to home appliances. It boasts a global reach, catering to customers worldwide, and features a wide range of brands, including Sony, Microsoft, Apple, and Samsung. The website highlights several key products, including the Valve Steam Deck and Wacom Intuos Pro pen tablet, and lists various sales channels, including A1 Tech Deals, Amazon, eBay, and TikTok Shop. The company also has a direct-to-consumer online store and a presence on social media platforms.

Financially, Omnibytes Ltd shows a mixed picture. While cash bank on hand increased by 14% to £88,000, current assets also grew by 64% to £150,000. However, net assets surged by 550% to £18,000, and loans from directors increased dramatically by 180% to £120,000. Creditors, however, decreased significantly by -80% to £6,700. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the substantial increase in loans suggests a need for external funding. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

It seems that Omnibytes Ltd is growing, but is burning through money. The company's focus on expanding its sales channels and product range is positive, but the reliance on external funding could be a cause for concern.

Registered in England/Wales under the registration number 12070738, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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