The Offie Limited

The Offie Limited, based in Middlesex, UK, is a small, active family business established 22 years ago. With two employees and £4,342,644 in assets, it operates from a virtual address shared by 31 other companies, raising some questions about its physical presence. The company is led by two directors and two owners, Jasraj Bhavna and Jasraj Rajesh Hargovind, and boasts a respectable Google rating of 4.0 based on one review. It’s an irregular importer, primarily dealing in drinks, alcohol, and vinegar, with the last import operation dating back to December 2016.

The company’s website highlights its wholesale operations, specializing in alcoholic drinks and fast-moving consumer goods. It began as a single retail shop in Romford, Essex, and has grown into a multi-million pound turnover company. Notably, The Offie is the official importer of several brands, including Hapusa Himalayan Gin and Greater Than London Dry Gin. The website also mentions a separate venture, 1066 Pianos, which focuses on high-end piano restoration and operates from Cambridge with a showroom in Harrods. This suggests a diversification of interests beyond the core wholesale business.

Financially, The Offie Limited presents a mixed picture. Cash reserves have surged dramatically, increasing by 3700% to £550,000, a very positive sign. However, creditors have also risen significantly, increasing by 86% to £1,400,000. This could indicate increased reliance on short-term financing. Debtors have also increased by 39%, suggesting a potential issue with collecting payments. Despite these challenges, the company’s equity has grown by 3%, and net assets remain strong. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the increased borrowing could be a cause for concern. The accounts are unaudited, and no auditor is mentioned, which is typical for companies of this size.

Registered in England/Wales under the registration number 04712070, with a registered address at HA8 7EJ, England, Edgware, 4th Floor Elizabeth House, 54-58 High Street.

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