O'leary Engineering Ltd

O'Leary Engineering Ltd, based in Milton Keynes, UK, is a small, active company founded six years ago in 2018. Employing just six people, it holds £706,325 in assets and operates from a real address. With three directors and three owners—Merrick Luke, Merrick Stephen David, and Oleary Brian Joseph—it's a family-run business. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 16 months of import activity recorded, and occasionally exports similar goods, with just one month of export activity.

The company's website highlights its role as a UK agent for Scandivac, a Northern European manufacturer of thermoforming machines. O'Leary Engineering provides sales, service, and spare parts for these machines, catering to the food, pharmaceutical, and other industries. They offer a range of services, including machine sales, retooling, maintenance, and even used machinery. The website emphasizes expertise and a commitment to providing comprehensive solutions for customers.

Financially, O'Leary Engineering Ltd presents a mixed picture. While current assets have increased by 60% to £710,000, net assets have surged by 140% to £350,000. However, bank borrowings have also increased significantly, rising by 16% to £410,000. Creditors have decreased by 32% to £95,000. The company’s small size (meeting two of three conditions for a small company) helps with agility, but the increase in borrowing suggests a need for careful cash management. Depreciation charges have increased slightly, particularly for motor vehicles and plant machinery, reflecting investment in equipment. The company's financial statements are unaudited, as it is exempt from an audit.

Overall, O’Leary Engineering Ltd appears to be growing, but it's important to monitor its debt levels and ensure sustainable financial performance.

Registered in England/Wales under the registration number 11586850, with a registered address at MK1 1JQ, England, Milton Keynes, Buckinghamshire, 16 Dane Road Bletchley.

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