Shareight Ltd

Shareight Ltd from Milton Keynes UK: a small, active company founded eleven years ago, employs ten people, and holds £2,099,693 in assets. It operates a real address and is led by two directors and one owner, running an e-commerce site. The company is engaged in the retail sale via mail order houses or via internet.

Shareight Ltd's website, Octer, functions as a shopping portal, aggregating products from various UK stores. It's a unique marketplace where customers can shop by department or by store, instantly comparing thousands of brands. From fashion to gadgets, Octer aims to provide the perfect style and price, discovering products customers hadn't considered before. The site features sponsored content, celebrity looks, and trending styles, catering to a broad range of consumer interests. It's a well-designed platform, clearly focused on driving online sales.

Financially, Shareight Ltd presents a mixed picture. While cash bank on hand increased significantly by 60% to £980,000, average employees during the period decreased dramatically by 60% to just four. Creditors within one year rose by 23% to £240,000, and deferred income disappeared entirely. Perhaps most concerning, equity plummeted 31% to -£1,000,000. 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 agility, but the equity decline suggests potential financial strain. No auditor is mentioned, so the accounts are unaudited.

The decrease in employees, coupled with the significant equity loss, could indicate a restructuring effort or a period of reduced activity. However, the increase in cash reserves suggests the company is managing its immediate financial obligations. It’s possible the company is investing in growth initiatives or facing temporary setbacks.

Registered in England/Wales under the registration number 08515185, with a registered address at MK14 6GD, England, Milton Keynes, 99 Milton Keynes Business Centre Foxhunter Drive, Linford Wood.

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