Online Deals Outlet Ltd

Online Deals Outlet Ltd is a small, active company based in Glasgow, UK, founded five years ago in 2019. The company, with three employees and £39,204 in assets, operates as a solo-founder e-commerce site. It’s a private limited company with a real registered address and one director and owner, Irfan Shazia Naeem. The business engages in retail sale via mail order houses or via internet.

The company's website, Brand Outlet, showcases a wide range of branded clothing, with a focus on outlet prices and UK-based shipping. The site features numerous categories, including dresses, tops, knitwear, and accessories, catering to both men and women. It also highlights new arrivals, sale items, and special offers, such as "2 for 20" knitwear promotions and "Buy 1 Get 1 Half Price" dresses. The website is well-organized, with clear navigation and size guides, and actively promotes its products through Instagram and Facebook.

Financially, Online Deals Outlet Ltd presents a mixed picture. While bank borrowings decreased by 16% to £32,000, cash reserves increased by 19% to £540. Creditors also fell by 16% to £32,000. However, net assets saw a significant jump of 97% to £13,000, indicating improved equity. Although the company’s turnover is not explicitly stated, it meets two of the three criteria to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are described as “filleted” and unaudited, and there is no auditor mentioned. The company’s net current assets liabilities are steady at £45,000.

Overall, Online Deals Outlet Ltd seems to be navigating its early years with a focus on online retail and brand partnerships. The financial improvements suggest a positive trend, but the reliance on unaudited accounts and the lack of employee growth warrant continued monitoring.

Registered in Scotland under the registration number SC634067, with a registered address at G40 3RZ, Scotland, Glasgow, 39 Kirkpatrick Street.

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