Office Copiers Limited

Office Copiers Limited, based in Hertford, UK, is a small, active company established eight years ago in 2017. Employing five people, it holds £704,558 in assets and operates from a real address at 13 Mead Business Centre. Two directors and two owners manage the business, which is an irregular importer of machinery, boilers, and mechanical appliances, with its last import activity occurring two months ago in February 2022. The company operates in the wholesale of other office machinery and equipment industries.

The company’s website, officecopiers.co.uk, focuses on selling and leasing Konica Minolta copiers, printers, and related equipment. It’s clear that the business operates primarily as an e-commerce platform, offering a range of new and refurbished machines, with a focus on competitive pricing and direct sales, cutting out the middleman. The site lists various models, manufacturers (Konica, Develop, Olivetti, Sharp, Ricoh), and price ranges, catering to different needs and budgets. It also offers free printing for education and a comparison tool for photocopiers. The website is well-designed and easy to navigate, with a clear call to action to contact them for sales or leasing.

Financially, Office Copiers Limited presents a mixed picture. Cash bank on hand dropped by 23% to £500,000, while net assets increased by 33% to £660,000. However, creditors rose by 18% to £560,000, suggesting increased short-term liabilities. Debtors also increased significantly, by 76%, to £120,000. The average number of employees grew by 20%, from five to six. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the financial statements are unaudited.

The company’s irregular import activity and reliance on direct sales suggest a lean operation. The increase in debtors could indicate challenges in collecting payments, while the rise in creditors points to a need for careful cash flow management. The company's growth in employees suggests it’s expanding its operations, but the financial data requires close monitoring to ensure long-term sustainability.

Registered in England/Wales under the registration number 10573875, with a registered address at SG13 7BJ, England, Hertford, 13 Mead Business Centre, Mead Lane.

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