The Old Storehouse Ltd

The Old Storehouse Ltd, based in Kirkwall, UK, is a small, active company founded eight years ago. With 49 employees and £176,400 in assets, it operates from a real address and is overseen by two directors and two owners. The company regularly imports clothing and accessories—not knitted or crocheted—with its last import operation occurring in August 2024. It’s a licensed restaurant business, operating in the Orkney Islands.

The company’s website is currently unavailable, so it’s difficult to determine if it operates an e-commerce platform. Given its import activity and restaurant designation, it likely focuses on supplying its own establishment rather than direct online sales.

Financially, The Old Storehouse Ltd presents a mixed picture. While net assets have surged an impressive 270% to £130,000, current assets have plummeted 41% to £180,000. Bank borrowings have also increased significantly, jumping 14% to £52,000. Creditors have decreased by 7%, suggesting improved debt management. The company’s small size—meeting two of three conditions for a small company—helps it remain nimble. Cash reserves have fallen considerably, dropping 76% to just £28,000. The lack of an auditor mentioned suggests the company is exempt from an audit.

Despite the challenges, the company’s equity has grown substantially, indicating potential profitability or successful fundraising. The increase in bank borrowings could be linked to expansion plans or increased operating costs. The company's financial statements are unaudited, and the figures rely on director-reported data.

Registered in Scotland under the registration number SC536577, with a registered address at KW15 1HZ, United Kingdom, Kirkwall, Orkney, 5 East Road.

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