Sellonline Ltd

Sellonline Ltd is a small, active company registered in London, UK, established two years ago. It’s a solo founder operation with one director and employee, holding £1,520 in assets and operating from a virtual address. The company’s activities span wholesale textiles, retail via mail order and internet, and information technology consultancy.

The company’s website showcases a furniture retailer, HiSell Direct, with showrooms in Gamlingay and St. Ives. They offer a wide range of sofas, armchairs, dining sets, bedroom furniture, and accessories from brands like Alstons, Ercol, and G Plan. HiSell Direct emphasizes quality products, competitive pricing, and family-owned service, with a 41-year history. The website also highlights brands like Ercol and G Plan Upholstery, offering discounts on ex-display models and boasting a dedicated team.

Financially, Sellonline Ltd’s recent accounts paint a concerning picture. Current assets have fallen dramatically, dropping 84% to just £1,500. Net assets have also declined significantly, falling 56% to £240. Cash reserves have been depleted, falling 99% to a mere £20. Bank borrowings have decreased, and creditors have fallen by 86%, which is good. However, the sharp decline in assets and equity suggests the company is burning through cash. The company’s small size (meeting two of three conditions for a small company) helps with agility, but the financial trends raise concerns. No auditor is mentioned, which is typical for a small, exempt company.

Registered in England/Wales under the registration number 14125143, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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