Ofs International Ltd.

Ofs International LLC, based in Nelson, UK, is a small, active company founded 23 years ago. It employs just one person and holds £138,780 in assets. A family business with two directors and two owners, it operates from a real address and is an irregular importer of footwear and related items, with just one month of import activity recorded as of October 2022. The company’s primary activity appears to be other retail sale not in stores, stalls or markets.

The company’s website reveals a surprising secondary business: manufacturing and servicing premium OCTG connections for the oil and gas market. Operating as OFSi, it offers threading, coupling, and accessory services, alongside inspection, yard services, and field support. With 12 years of operational experience, OFSi boasts a capacity of 150,000 tons of threading annually and 250,000 couplings manufactured, supported by 140 skilled employees across two locations in Houston and Odessa, Texas. The website highlights a focus on quality management, customer-centric ERP systems (Acumatica), and continuous improvement.

Financially, Ofs International LLC shows a mixed picture. Current assets decreased by 24% to £140,000, while net assets declined by 10% to £86,000. Cash reserves dropped significantly by 63% to £18,000, and trade debtors vanished completely. Creditors, however, decreased by 39%, suggesting improved debt management. 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 drop in equity and cash reserves raises questions. The accounts are abridged and unaudited, and no auditor is mentioned, relying on director-reported data.

Overall, Ofs International LLC seems to be navigating a period of financial pressure, despite its diverse operations and focus on quality. The company’s Texas-based OCTG business, while seemingly successful, may be facing challenges in the UK, or perhaps the UK operation is simply smaller and more vulnerable to economic fluctuations.

Registered in England/Wales under the registration number 04270310, with a registered address at BB9 6QJ, Nelson, Lancashire, 130 Wheatley Lane Road, Barrowford.

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