Otherletters Limited

Otherletters Limited, based in Leigh-On-Sea, UK, is a small, active company founded five years ago. With five employees and £45,560 in assets, it operates from a real address and is managed by two directors and two owners, boasting a stellar 5.0 Google rating from four reviews. The company is an irregular importer, primarily dealing in toys, games, and sports equipment, with the last import operation occurring just a month ago.

The company’s website showcases a wide range of party supplies, from bespoke cake toppers and banners to confetti decorations and tableware. It offers a diverse selection of items, including balloons, garlands, party hats, and even children's accessories like iron-on patches and sunglasses. The website’s country selector highlights its international reach, offering shipping options to over 200 countries and territories, using various currencies. It seems to be primarily an e-commerce business, with no mention of a physical store.

Financially, Otherletters Limited’s recent report reveals a mixed picture. Cash bank on hand has seen a significant increase, jumping 730% to £6,500, which is a positive sign. However, current assets have decreased by 17% to £46,000, and net assets have fallen by 37% to £7,000. Trade debtors have plummeted 71%, suggesting difficulties collecting payments, while creditors have risen by 160%, indicating increased borrowing. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the decline in equity is something to keep an eye on. No auditor is mentioned, which is common for small companies.

Overall, Otherletters Limited appears to be navigating a period of change. While the increase in cash flow is encouraging, the company needs to address the challenges related to debt management and declining equity to ensure its long-term financial health.

Registered in England/Wales under the registration number 12552163, with a registered address at SS9 2EP, England, Leigh-On-Sea, Essex, The Old Foundry, High Street.

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