Ourpetslife Limited

OurPetsLife Limited is a small, active company based in Manchester, UK, founded seven years ago in 2018. With just one employee and £643,831 in assets, it operates from a shared office space at Regus. The company is led by three directors and owned by two individuals, and it runs an e-commerce site specializing in pet products. It regularly imports and exports essential oils and perfumes, with activity recorded over the last twelve months.

The company’s website, OurPetsLife, showcases a wide range of products for dogs, including grooming supplies, supplements, and travel accessories. It also features several brands, like OurDogsLife and Infusions, indicating a focus on quality and innovation. The site’s design is modern and user-friendly, emphasizing a commitment to customer satisfaction and a 5.0 Google rating.

Financially, OurPetsLife Limited’s recent performance shows some concerning trends. While current assets increased by 160% to £640,000, net assets decreased by 24% to £350,000. Bank borrowings increased significantly by 5,300%, reaching £53,000, and cash reserves dropped 71% to £10,000. Trade creditors also rose by 800%, reaching £300,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity suggests potential financial strain. No auditor is mentioned, which is typical for small companies.

The company's increased borrowings and decreased cash reserves could be due to investments in inventory or marketing efforts to grow its e-commerce business. However, the rising trade creditors also indicate a need to manage supplier relationships carefully. It’s unclear if the company is burning through money like a startup, but the trends warrant close monitoring.

Registered in England/Wales under the registration number 11239237, with a registered address at M2 4WQ, England, Manchester, United Kingdom, Regus, 3rd Floor, 82 King Street,.

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