Obbard Limited

Obbard Limited, based in Colindale, UK, is a small, active company founded 31 years ago in 1994. With nine employees and £1,596,089 in assets, it operates from a virtual address – a fact highlighted by the presence of 522 other companies registered at the same location. The company is led by three directors and has two owners, boasting a stellar 5.0 Google rating from 25 reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded just two months ago.

The company’s website, Obbard Limited, describes itself as a property investment firm offering services including property acquisition, design, build, and management. It’s structured into three connected practices, catering to both investors and homeowners seeking high-end properties. The company also operates a separate division, 1066 Pianos, specializing in piano restoration and disaster recovery, even having a showroom in Harrods.

Financially, Obbard Limited’s recent performance shows some concerning trends. While current assets increased slightly to £1,600,000, net assets plummeted 65% to just £17,000. Bank borrowings decreased by 30%, and cash reserves dropped 18% to £670,000. Creditors decreased by 30%, suggesting better debt management, but the significant equity drop is a red flag. The company’s average number of employees increased by 33%, from nine to twelve, which could be a sign of growth or increased workload. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions about its long-term financial health. As a small company, it's exempt from an audit, so the financial statements are unaudited.

Registered in England/Wales under the registration number 02917554, with a registered address at NW9 6BX, United Kingdom, Colindale, London, 5 Technology Park, Colindeep Lane.

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