Octaga Security Services Ltd

Octaga Security Services Ltd, based in Hereford, UK, is a small, active company founded 18 years ago. With 268 employees and £1,753,118 in assets, it’s a significant local employer. The company, led by three directors and one owner, maintains a 4.0 Google rating from 42 reviews, demonstrating a positive reputation. It’s an irregular importer, primarily dealing in railway and tramway vehicles and parts, with the last import operation recorded one month ago.

The company’s website showcases a broad range of security services, from CCTV surveillance and physical keyholding to close protection and even chauffeur services. It caters to diverse clients, including film and television productions, high-net-worth individuals, and corporate institutions. Octaga also emphasizes its commitment to corporate social responsibility, integrating ethical practices into its operations and striving for sustainable development. The website even mentions a 2024 Security Awards Winners, earning the Best Family Run Security Company award.

Financially, Octaga’s recent performance presents a mixed picture. Cash reserves have dramatically increased by 590%, reaching £310,000, a positive sign of improved liquidity. However, net assets have decreased by 2.9%, settling at £1,000,000, and bank borrowings have been reduced by 33%, reaching £120,000. Creditors have increased by 15%, now standing at £1,200,000, and debtors have decreased by 1.6% to £1,400,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in equity warrants attention. As a small company, Octaga is exempt from a full audit, so the reported figures are unaudited.

Overall, Octaga Security Services Ltd appears to be navigating a period of change. While the company’s cash position is strong, the decline in net assets suggests potential challenges. The company’s diverse service offerings and positive reputation position it well for future growth, but careful financial management will be crucial.

Registered in England/Wales under the registration number 05996825, with a registered address at HR4 0BA, United Kingdom, Hereford, Bewell House, Bewell Street.

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