Otto Scooter Ltd

Otto Scooter Ltd, a small company based in London, UK, is a five-year-old business with an active status. Employing eight people and holding assets of £1,919,966, it operates from a real address and is led by two directors and a solo founder. The company boasts a Google rating of 4.0 based on 142 reviews and is an irregular importer of vehicles, parts, and accessories (excluding trains and trams), with the last import operation occurring one month ago in September 01, 2023.

The company's website, joinottoscooter.co.uk, focuses on providing flexible and hassle-free rental solutions for delivery scooters, particularly highlighting its ES3 Rental Plan with no deposit required. It caters to businesses seeking cost-effective plans, insurance, service, GPS, and camera integration. The website emphasizes a partnership approach, offering delivery insurance, streamlined processes, and personalized service. It's clear they're targeting the last-mile delivery sector.

Financially, Otto Scooter Ltd presents a mixed picture. Cash reserves have dramatically increased by 120%, reaching £1,600,000, a very positive sign. However, trade debtors have decreased by 35%, suggesting potential issues with customer payments. Creditors have also decreased by 53%, which could be a good thing, but also might indicate a slowdown in purchasing. Net assets have increased by 42%, reaching £1,500,000, but the company’s losses have deepened. Bank borrowings have increased by 2,400%, reaching £29,000. The company is classified as small, meeting two of three conditions for size (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). No auditor is mentioned, likely due to the company’s small size and exemption from an audit. The company’s equity has increased by 42%, reaching £1,500,000.

Overall, Otto Scooter Ltd seems to be growing its assets and cash reserves, but is facing some financial pressures. The company's focus on the delivery sector and its unique rental model could be key to its long-term success, but it will need to manage its debts and maintain a strong customer base.

Registered in England/Wales under the registration number 12152782, with a registered address at W3 8DU, England, London, Unit 7, 8 Greenock Road.

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