Opti Group Ltd

Opti Group Ltd from Ipswich UK: a small, active company founded five years ago, is currently facing challenges with overdue accounts and confirmation statements. Employing 25 people and holding assets of £325,576, the business operates from a real address and is managed by a single director and owner. It’s been a bit of a bumpy ride lately, with accounts and confirmation overdue for two years.

The company’s operations center around retail sales via mail order and online, alongside activities related to head office industries. Their website, while minimal, suggests a focus on online retail, though a deeper dive reveals a broader scope of activities. It's a small company, meeting two of three criteria for size: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Opti Group Ltd’s picture is a little complicated. While fixed assets remain steady at £900,000, current assets have dipped slightly to £330,000. More concerning is the significant increase in creditors, which rose to £830,000, and a net loss of -£27,000. Cash reserves are holding steady at £11,000, but the rising debt suggests potential cash flow pressures. The company’s equity, however, remains stable at £39,000. It’s worth noting that the company is exempt from an audit as a small company, so these figures are unaudited.

The trends suggest a business that may be struggling to manage its short-term liabilities, possibly due to increased purchasing or delayed customer payments. The lack of employee growth, with the same 25 reported since 2020, could indicate a focus on efficiency or limited resources. It’s possible that the company is reinvesting in its business, but the rising debt warrants close monitoring. Jadakara Waqaas Kasim is both the director and owner, and he's been signing the financial statements.

Registered in England/Wales under the registration number 12333141, with a registered address at IP1 1RJ, England, Ipswich, 52 Princes Street.

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