Online Home Shop Limited

Online Home Shop Ltd, based in Worsley, UK, is a sizable holding company with an active status, established eleven years ago. Employing 77 people, the company holds assets worth £15.88 million and generates yearly revenue of £47.76 million. It operates a real address and is overseen by two directors and one owner, running an e-commerce site and regularly importing and exporting various textile products, sets, used clothing, and rags – 267 months of import activity and 18 months of export activity. Google ratings, however, are low at 1.0 based on just eight reviews.

The company’s website, OHS OnTrend Bedding, Curtains & Furnishings For Less, showcases a wide range of products, from bedding and curtains to garden furniture and loungewear. It emphasizes fast delivery options, flexible payment methods, and a student discount, all designed to appeal to a value-conscious customer base. The site’s design is clean and modern, with a focus on visual appeal and easy navigation.

Financially, Online Home Shop Ltd’s recent performance presents a mixed picture. While turnover increased by a healthy 39% to £48 million, profits took a hit, dropping 37% to £3.2 million. Current assets decreased by 12% to £16 million, and cash reserves fell 29% to £3.5 million. Bank borrowings increased by a significant 2,400%, reaching £29,000. Trade debtors also increased by 890%, suggesting difficulties in collecting payments. Creditors decreased by 18%, which is a positive sign. The company's size (meeting two of three criteria for a large company) suggests it’s navigating the challenges of growth. The company was audited by Freedman Frankl & Taylor.

The increase in administrative expenses by 100% to £7.5 million is a notable trend, possibly reflecting investments in marketing or personnel. The surge in bank borrowings and the decline in cash reserves raise concerns about liquidity, but the decrease in creditors indicates improved debt management. Overall, Online Home Shop Ltd appears to be a company in transition, balancing growth with financial pressures.

Registered in England/Wales under the registration number 08885099, with a registered address at M28 2LX, England, Worsley, Greater Manchester, Pin Mill House, Priestley Road.

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