Onlinesikhstore Ltd

Onlinesikhstore Ltd from Rochester UK is a small, active company founded 7 years ago. It's a solo founder operation employing just one person, with a real address and overseen by a single director and owner. The company operates as an e-commerce site, earning a perfect 5.0 Google rating based on five reviews.

The business specializes in retail sale via mail order and internet, with a focus on Sikh religious items and accessories. Its website, OnlineSikhStore, offers a wide range of products including stainless steel karas (bangles), Sikh calendars, Gurbani radio players, and Gutka Sahib books. The site also promotes a WhatsApp broadcast service for daily Hukamnama Sahib readings.

Financially, Onlinesikhstore Ltd shows a mixed picture. Cash bank on hand increased significantly by 150% to £3,200, a positive sign. However, net assets declined sharply, dropping 900% to -£13,000. Creditors increased by 46% to £48,000, and bank borrowings are not mentioned. The company's small size (meeting two of three criteria for a small company) helps with agility, but the large equity drop is concerning. Plant machinery additions remained steady at £1,300, while accumulated depreciation impairment property plant equipment increased slightly to £360. The lack of an auditor is typical for a small, exempt company.

While the company’s Google rating suggests satisfied customers, the financial data reveals a challenging situation. The increase in cash is good, but the significant loss and growing liabilities suggest the business is burning through money. It is likely that the business is relying on personal funds to stay afloat.

Registered in England/Wales under the registration number 10942412, with a registered address at ME1 2BW, England, Rochester, Kent, 33 Cloisterham Road.

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