Octagon I/o Ltd

Octagon Io Ltd from Worcester UK is a small, active company founded ten years ago in 2014. With 36 employees and £9,813,875 in assets, it operates from a virtual address—a fact highlighted by the presence of 27 other companies registered at the same location. The company is led by four directors, though no owners are officially listed, suggesting one of them may hold a significant stake. It’s a regular importer and exporter, specializing in electrical machinery and equipment, with 24 months of import activity and 32 months of export activity recorded—the most recent being February 2025.

The company’s website is non-existent, which makes it difficult to determine if it operates an e-commerce platform or primarily engages in business-to-business transactions. It’s known to operate in the business and domestic software development industries.

Financially, Octagon Io Ltd presents a mixed picture. While fixed assets increased by a substantial 59% to £6.5 million, current assets have significantly decreased by 35% to £9.8 million. Cash reserves have plummeted 62% to £5 million, and bank borrowings have increased. Trade debtors have risen sharply by 99%, which could indicate delayed payments or a strategy to offer more credit to customers. However, creditors have also increased by 140%, suggesting a need to manage short-term liabilities. Equity has decreased by 61%, a concerning trend that could be attributed to losses or increased borrowing. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt due to its size) means the financial statements are unaudited.

The company’s rapid growth in intangible assets—particularly development costs—suggests a focus on innovation and software development. However, the declining cash reserves and increasing debt raise questions about its financial sustainability. It's possible the company is reinvesting heavily in its business, but careful management of its liabilities will be crucial to its long-term success.

Registered in England/Wales under the registration number 09329199, with a registered address at WR1 2JG, England, Worcester, 5 Deansway.

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