Oyo Group Ltd

Oyo Group Ltd is a small, active company based in Ilford, UK, founded five years ago in 2019. With a single employee and £13,457 in assets, it operates from a virtual address shared by thirty-five other companies. The company is led by a single director and owner, Idowu Michael Olamide, who also serves as the solo founder. The business specializes in retail sale of music and video recordings, performing arts, sound recording and music publishing activities.

The company’s website details a range of services, including retail sales through specialized stores and online platforms. It also highlights involvement in the performing arts and sound recording industries. While the website provides a good overview of the company's activities, there's no clear indication of an e-commerce presence or a dedicated online store.

Financially, Oyo Group Ltd presents a mixed picture. While cash bank on hand increased slightly, from £6,000 to £6,100, net assets decreased significantly, from -£3,200 to -£4,100. Creditors saw a substantial increase, from £3,700 to £14,000, which could indicate increased reliance on trade credit. Trade debtors also increased, suggesting potential delays in customer payments. Despite these challenges, the company’s small size (meeting two of three criteria for a small company) allows for flexibility. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements. The company's equity is negative, which is not ideal, but it is not uncommon for small, young companies.

Registered in England/Wales under the registration number 12261945, with a registered address at IG1 4AE, England, Ilford, 374 Ley Street.

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