The Online Savings Ltd

The Online Savings Ltd, based in London, UK, is a small, active company founded seven years ago in 2017. With two employees and £606,069 in assets, it operates as a family business with two directors and owners. The company runs an e-commerce site, regularly importing electrical machinery and equipment (25 months) and occasionally exporting (1 month). Its registered address is a virtual one, sharing space with 6431 other companies.

The website showcases a diverse range of products, from party supplies and pet supplies to electronics and home furnishings. It's a one-stop shop for consumers, with sections dedicated to gaming, arts & crafts, and even high-end audio equipment. The site emphasizes fast delivery, easy returns, and secured payment—typical features of a modern online retailer.

Financially, The Online Savings Ltd presents a mixed picture. Current assets have decreased by 12% to £610,000, while net assets have also fallen by 8.5% to £81,000. Bank borrowings have been reduced by 35%, and cash reserves are down 27% to £20,000. Trade debtors have increased significantly, by 160%, which could indicate a need for better credit control, or perhaps a strategic expansion of credit terms. Prepayments and accrued income have jumped dramatically, by 120,000, which is a large increase. Creditors have also decreased by 35%. As a small company meeting two of three conditions (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), it’s likely exempt from an audit, relying on unaudited accounts.

The company’s financial performance suggests it’s navigating some challenges, although the wide range of products and active e-commerce presence indicate a commitment to growth. The sharp increase in debtors, however, warrants closer attention.

Registered in England/Wales under the registration number 10876357, with a registered address at W1W 7LT, England, London, 85 Great Portland Street.

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