Online Global Supplies Ltd

Online Global Supplies Ltd is a small, holding company based in Hartlepool, UK, with an active status. Founded five years ago in June 2019, the company employs just one person and operates from a real address at 33 Dent Street. It’s led by one director, Kay Cayn, and owned by Atom Investment Group Ltd.

The company specializes in the retail sale of medical and orthopaedic goods, both through specialized stores and online. Its website showcases a range of engineering products, including shear blades, machine knives, and shredder parts, catering to recycling and industrial sectors. It seems to be a B2B operation, with a focus on high-quality consumables and services.

Financially, Online Global Supplies Ltd presents a mixed picture. Accumulated depreciation increased by 16%, reflecting investment in assets, while bank borrowings remained stable. However, cash on hand stayed consistent at £500. Creditors increased by 24%, suggesting a reliance on trade credit, and net assets declined by 23% to -£41,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the negative equity is a concern. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

The company’s financial data suggests it’s not burning through money at a startup pace, but it’s not generating substantial profits either. The decline in equity could be due to various factors, such as increased operating expenses or investments in inventory. The stable bank borrowings indicate that the company has access to credit, but the reliance on creditors could pose a risk if sales slow down.

Registered in England/Wales under the registration number 12041276, with a registered address at TS26 8AY, England, Hartlepool, 33 Dent Street.

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