Oaklands Technology Ltd

Oaklands Technology Ltd from Stafford UK: a small, active company established thirteen years ago, employs three people, and holds £1,736,471 in assets. It’s a real address with two directors and one owner, operating an e-commerce site and regularly importing furniture, lighting, and prefabricated buildings—a total of 244 months of imports recorded.

The company’s website, Oaklands Furniture Bromsgrove, presents a different picture: a furniture store with a wide selection of dining, living, and bedroom furniture, plus sofas, chairs, and rise recliners. It boasts a massive clearance outlet with brand names like DFS and Sofology, offering discounts of up to 60%. The site emphasizes first-class service and high-quality furniture, with delivery available across the UK.

Financially, Oaklands Technology Ltd shows some concerning trends. Cash bank on hand has fallen significantly by 46%, dropping to £190,000, and current assets have decreased by 14%, settling at £1,700,000. Creditors have also reduced, down 30% to £290,000, but net assets have declined by 4.3% to £880,000. Interestingly, trade debtors have increased by a large 59%, reaching £86,000, which could indicate a shift in payment terms. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no mention of an auditor, which is typical for small companies exempt from an audit.

Overall, Oaklands Technology Ltd appears to be navigating a period of financial adjustment. While the furniture retail side seems vibrant, the decline in cash reserves and net assets warrants closer attention. It's a small business that will need to manage its finances carefully to sustain its operations.

Registered in England/Wales under the registration number 07984177, with a registered address at ST21 6NF, England, Stafford, Woodlands, Sugnall.

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