Welcomeom Ltd

Welcomeom Ltd is a small, active company based in London, UK, founded seven years ago in 2017. The company holds £44,426 in assets and operates from a virtual address shared by over 90,000 other businesses, a bit unusual. It’s a solo founder operation, managed by a single director and owner, Patel Sunil. The company's website showcases a wide range of furniture, specializing in fully assembled pieces and catering to various needs, from living rooms to care homes. It appears to be primarily an e-commerce business, with a focus on online sales and a downloadable catalogue.

Welcomeom Ltd operates in several industries, including building project development, mail order retail, specialised design, and physical well-being activities. The website highlights a commitment to quality and customer service, with sections dedicated to care homes and a focus on modern design. It’s clear they’re targeting a broad customer base with a diverse product range.

Financially, Welcomeom Ltd presents a mixed picture. While current assets decreased slightly to £44,000, bank borrowings increased to £3, a small change. Cash reserves also declined by 17% to £8,500. Equity dropped 11% to -£8,100, a concerning trend. Creditors decreased by 14% to £6,000, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the equity decline and decreasing cash reserves raise questions. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Welcomeom Ltd seems to be facing some financial pressure. The company's focus on fully assembled furniture and online sales suggests a deliberate strategy, but the declining equity and cash reserves indicate a need for careful management. It’s a small business, and the lack of employees reported suggests a lean operation, but the financial data suggests it's burning through money.

Registered in England/Wales under the registration number 11046507, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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