O2 Worx Limited

O2 Worx Ltd, based in Aberdeen, UK, is a small holding company with an active status, established four years ago. Employing just four people and holding £176,731 in assets, it operates from a virtual address shared by 278 other companies, raising some questions. The company is led by three directors and has one owner, Linton Investments Ltd. It’s a regular importer, specializing in machinery, boilers, and mechanical appliances; parts, with recent import activity recorded in April 2024.

The company’s website highlights a specialized niche: manufacturing and selling hyperbaric oxygen chambers. It positions itself as the UK’s only manufacturer of certified hard-shell multiplace chambers, targeting a growing market for hyperbaric oxygen therapy. The site details the benefits of HBOT for injury recovery, health and wellbeing, and even anti-aging beauty treatments, showcasing a range of chamber models and resources for potential customers. The business model appears to be B2B, selling chambers to clinics and wellness centers, rather than direct-to-consumer retail.

Financially, O2 Worx Ltd presents a mixed picture. While cash reserves decreased by 63% to £81,000, trade debtors increased by 100% to £36,000, suggesting a potential shift in payment terms or increased sales on credit. Net assets plummeted 95% to -£360,000, a significant drop that warrants further investigation. Bank borrowings surged by an astonishing 550% to £550,000, indicating a reliance on external financing. Despite these challenges, the company’s average number of employees increased by 75% to seven, suggesting growth in operational activity. The lack of an auditor mentioned, likely due to its small size, means these figures are unaudited. Overall, O2 Worx Ltd seems to be navigating a period of rapid expansion, but the significant debt increase and equity decline raise concerns about its long-term financial health.

Registered in Scotland under the registration number SC695464, with a registered address at AB10 1YL, United Kingdom, Aberdeen, 28 Albyn Place.

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