Oakward Limited

Oakward Ltd is a small, active company founded 19 years ago, in 2006. Based in Manchester, it employs eight people and holds £243,263 in assets. It’s a family business with two directors and two owners, operating from a real address. The company is a regular importer and exporter of clothing and accessories, not knitted or crocheted, with 42 months of import activity and 28 months of export activity recorded.

The company’s website, Oakward Limited, describes itself as a wholesale supplier of clothing and footwear, operating in the wholesale of clothing and footwear industries. It doesn't appear to be an e-commerce site, focusing instead on business-to-business trade.

Financially, Oakward Ltd shows a mixed picture. Current assets are down 25%, falling to £240,000, while net assets have also declined, dropping 27% to £29,000. Bank borrowings have decreased, and cash reserves have fallen by 36% to £26,000. Creditors have increased significantly, rising 56% to £190,000, which could indicate increased reliance on credit from suppliers. Trade debtors have also decreased slightly, suggesting better management of customer payments. 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 it to remain flexible, but the decline in equity and cash reserves is something to keep an eye on. With no auditor mentioned, the financial statements are unaudited.

The decrease in equity and cash reserves could be due to a number of factors, such as increased competition, rising costs, or a slowdown in sales. It’s also possible that the company is investing in new products or services, which could temporarily reduce its profitability.

Registered in England/Wales under the registration number 05712093, with a registered address at M8 8AN, 41 Broughton Street, Manchester.

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