Octain Limited

Octain Ltd, based in Dunmow, UK, is a small, active family business established 24 years ago. With 23 employees and £1,923,755 in assets, the company operates from a real address and is managed by three directors and two owners. It’s a long-standing entity, incorporated on July 24, 2000. Octain is an irregular importer of iron or steel products (last import in May 2022) but a regular exporter of electrical machinery and equipment (last export in November 2023), boasting 38 months of export activity.

The company describes itself as an independent international freight forwarder, a member of the British International Freight Association. Its website highlights a founding date of 1972, operating from Chelmsford, Essex, and offering services to businesses needing to move goods internationally. It’s a well-established player in the logistics sector, providing freight forwarding services.

Financially, Octain Ltd presents a mixed picture. Current assets declined by 23% to £1.9 million, while net assets also fell, though less dramatically, by 13% to £170,000. Bank borrowings remained stable at £130,000, but the bank overdraft dramatically reduced from £440,000 to just £9,800—a significant improvement. Creditors decreased by 81%, suggesting better debt management, and cash reserves increased by 57% to £340,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in net assets warrants attention. The company’s unaudited accounts, as a small company, rely on director-reported data.

Overall, Octain Ltd appears to be navigating a period of change. While the decrease in net assets is a concern, the reduction in bank overdrafts and improved cash reserves suggest a focus on financial stability. The company’s established presence in the freight forwarding industry and its family-run nature position it well for continued operation.

Registered in England/Wales under the registration number 04039069, with a registered address at CM6 3HQ, England, Dunmow, Essex, Mariskalls Mill Road, Felsted.

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