Obas Uk Limited

Obas Uk Limited, based in Preston, UK, is a small, active company founded 24 years ago in 2000. Employing 23 people, the company holds £1,008,696 in assets and operates from a real address at Chapel Hill Trading Estate. With four directors and a solo founder, Tenray Norman George, at the helm, Obas Uk Limited runs an e-commerce site and currently has a 3.0-star Google rating based on 15 reviews.

The company specializes in the wholesale and retail of hardware, plumbing, and heating equipment, as well as workwear and safety products. Its website showcases a wide range of tools, safety gear, and building supplies, catering to both trade and DIY customers. They even offer personalised clothing and embroidery services. The site’s comprehensive product listings and emphasis on competitive pricing indicate a strong focus on online sales.

Financially, Obas Uk Limited’s performance presents a mixed picture. While the company’s net assets decreased by 13% to £340,000, bank borrowings have significantly reduced by 59%, dropping to £81,000. Cash reserves have taken a substantial hit, declining 90% to a mere £20,000. Creditors have also decreased, dropping by 5.6%, suggesting better debt management. The number of employees has fallen by 22%, which could be a sign of restructuring or reduced demand. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from agility, but the decrease in equity is a cause for concern. The financial statements are unaudited, as the company is exempt from an audit.

Overall, Obas Uk Limited appears to be navigating a challenging period. While its online presence is robust, the financial data suggests a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 04105807, with a registered address at PR3 3BU, Preston, Lancashire, 1 Chapel Hill Trading Estate, Chapel Hill, Longridge.

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