Worthy One Ltd

Worthy One Ltd from Lisburn UK is a small, active company founded four years ago. With just two employees and £14,401 in assets, it’s a modest operation led by a solo founder and two directors. The company operates an e-commerce site and is registered at a real address, with only one other company registered there.

The business focuses on retail sales via mail order and the internet, and other retail sales not in stores, stalls, or markets. Its website, Worthy One, appears to be the primary sales channel, showcasing a range of products. While a dedicated website wasn’s provided, the company’s profile suggests a focus on online retail.

Financially, Worthy One Ltd presents a mixed picture. While its small size—meeting two of three criteria for a small company—allows for agility, the numbers reveal some concerning trends. Net assets have plummeted by 62%, dropping to just £3,400, and cash reserves have shrunk by a significant 76%, leaving only £940. Bank borrowings have increased, and trade debtors have risen dramatically, suggesting potential cash flow issues. The company's creditors have also increased, and the number of employees has decreased by 50% - from two to one. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Despite these challenges, Worthy One Ltd appears to be holding on. The company’s focus on online retail and its small size could help it weather the storm, but the recent financial downturn suggests it needs to address its cash flow and asset management strategies.

Registered in Northern Ireland under the registration number NI669557, with a registered address at BT28 2ET, United Kingdom, Lisburn, 16c Station Road Upper Ballinderry.

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