Ooodles Group Ltd

Ooodles Group Ltd, based in London, UK, is a small, active company founded two years ago in May 2022. Despite employing a substantial 2023 employees, it qualifies as a small company, holding assets valued at £7,075,887. The company operates from a virtual address, registered at 7 Stratford Place, and is managed by four directors, though no owners are currently listed. It boasts a stellar Google rating of 5.0 based on two reviews.

Ooodles Group Ltd functions as an all-in-one IT procurement platform, catering to businesses seeking to buy or lease laptops, desktops, monitors, and tablets for both office and remote workers. Its website highlights its ability to streamline the IT procurement process, offering a wide range of devices and services. It’s clear they’re focused on the B2B market, facilitating technology acquisition for businesses of all sizes.

Financially, Ooodles Group Ltd presents a mixed picture. While current assets have increased by a respectable 29% to £7,075,887, equity has taken a significant hit, dropping 96% to -£8,000. This suggests the company may be reinvesting heavily in growth, potentially burning through cash. Trade debtors have also risen by 29%, which could indicate difficulties in collecting payments. Convertible bonds have seen a dramatic decrease, falling 98% to just £100,000, which could be a positive sign of reduced financial risk. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the declining equity warrants close monitoring. No auditor is mentioned, consistent with its status as a small, exempt company.

Registered in England/Wales under the registration number 14127507, with a registered address at W1C 1AY, England, London, 7 Stratford Place.

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