Orex Ltd

Orex Ltd from London UK: a small, active company founded three years ago, boasts a real address, two directors, and two owners. It’s a private limited company with registration number 13748110, operating in the retail sale of clothing, footwear, and accessories, both online and via mail order. The company's website, orexorex.co.th, exporex.co.th, and orexonlineshoporex.co.th, suggest a possible connection to a trading company in Thailand.

The business seems to focus on online retail, with a website showcasing a range of products. It’s a small operation, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company's description mentions retail via mail order houses or via internet, and the retail sale of footwear in specialised stores.

Financially, Orex Ltd is showing some concerning trends. Net assets and liabilities have both increased by 81% to -£8,700, indicating a significant drain on equity. Cash on hand remains a meager £3, despite a surge in loans from directors, which also increased by 81% to £8,700. Creditors have also risen substantially, suggesting potential cash flow issues. The company’s accounts are described as “filleted,” meaning they are exempt from a full audit, and are unaudited. The accounts were prepared by Keepence & Co Accounting Limited. The company's description of principal activities is “No description of principal activity”.

While the company is active and has a real address, the financial data paints a picture of a business struggling to stay afloat. The increase in loans and the decrease in cash reserves suggest it's burning through money, and the lack of employees (zero reported) hints at a lean, possibly solo operation. It's possible the company is reinvesting heavily in its online presence to drive sales, but the current trajectory raises questions about its long-term viability.

Registered in England/Wales under the registration number 13748110, with a registered address at N14 4RS, England, London, 94 Lakenheath.

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