Viet Online Ltd

Viet Online Ltd, based in London, UK, is a small, active company founded four years ago in 2020. With four employees and £215,012 in assets, it operates from a real address and is managed by one director and owner. The company regularly imports clothing and accessories that aren's knitted or crocheted, with nine months of import activity recorded, the last in June 2024. It also exports clothing and accessories made by knitting or crocheting, with five months of export activity as of November 2024.

The company’s website, Viet Online Inc, focuses on distributing USA products, offering a wide range of items from audio equipment and pet supplies to American snacks. The site emphasizes affordable, quality products and partners with global suppliers, using reliable logistics carriers like UPS, FedEx, and USPS. It's clear that Viet Online is operating as an online retailer, leveraging a network of suppliers to offer a diverse product selection to UK customers.

Financially, Viet Online Ltd shows a mixed picture. Cash bank on hand has decreased by a significant 61%, dropping to £35,000, while creditors have plummeted 94%, reducing to just £1300. Current assets have increased slightly, by 5.3%, reaching £220,000. However, equity has also risen by 43%, reaching £190,000. Trade debtors have decreased by 17%, and cash reserves fell 30% to £28,000. 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 it to remain flexible, but the decrease in cash reserves should be monitored. The accounts are unaudited and prepared under FRS 102 Section 1A, and there were no material departures from that standard.

Overall, Viet Online Ltd appears to be navigating a period of change. While the business is actively importing and exporting, the financial data suggests a need for careful cash flow management. The company’s focus on USA products and its online presence position it well in the current market, but sustaining growth will depend on maintaining profitability and managing its financial resources effectively.

Registered in England/Wales under the registration number 12919946, with a registered address at E1 1NB, England, London, 6 Henriques Street.

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