Online Assets Ltd

Online Assets Ltd from Barnet UK is a small, active company founded eight years ago. With just one employee and £1,967 in assets, it operates from a virtual address, managed by a single director and owner who is also the solo founder. The company’s activities include retail sales via mail order and internet, alongside providing other business support services.

The company's website reveals a WordPress site experiencing technical issues, with error messages indicating problems loading translation files and header information. This suggests potential coding or plugin conflicts, which could be impacting website functionality and user experience. It's likely that the site is an e-commerce platform, but the technical glitches prevent a clear assessment of its features and design.

Financially, Online Assets Ltd presents a concerning picture. While meeting the criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity has plummeted significantly, from -£7,900 to -£9,200. Cash reserves have also shrunk dramatically, falling 78% to just £32. Trade debtors have increased by 28%, which could indicate difficulties collecting payments. The company’s director has also been borrowing more money, with advances and credit increasing by 41%, and repayments decreasing by 58%. While creditors have decreased slightly, the overall trend points towards a company struggling to manage its finances, potentially burning through money faster than it’s generating revenue. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited, adding a layer of uncertainty.

Registered in England/Wales under the registration number 10517403, with a registered address at EN5 5SU, United Kingdom, Barnet, Hertfordshire, 159 High Street.

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