Olamek Limited

Olamek Limited is a small, active company based in Coventry, UK, founded seven years ago in February 2018. It’s a solo-founded operation with one director and owner, Kaluziak Amadeusz Wojciech. While the company meets two of the three criteria to be considered small (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees), it's currently facing some financial challenges. Accounts are overdue by a year, and confirmation statements are overdue by two years.

Olamek Limited operates primarily in the construction sector, offering basement developments, loft conversions, and new builds. The company’s website showcases a range of services, from structural works and electrical installations to kitchen and bathroom fittings. It seems like they're targeting homeowners and property developers looking for comprehensive construction solutions. The site’s focus on family-run expertise and over 15 years of experience suggests a commitment to quality and personalized service. There's a lot of information on the website, which is a bit confusing.

Financially, Olamek Limited's situation is concerning. Cash reserves have plummeted 100%, dropping to a mere -£23, while creditors have increased significantly, rising 240% to -£37,000. Equity has also taken a hit, decreasing 830% to -£13,000. Net assets are also down 840% to -£13,000. While net current assets have decreased 24%, it’s the dramatic decline in cash and the increase in liabilities that raise the biggest red flags. The company is likely burning through cash faster than it's generating revenue, and the overdue accounts suggest difficulties in collecting payments. There's no mention of an auditor, which is typical for small companies exempt from an audit. The company's small size and solo founder status may make it harder to secure funding or attract experienced management, but it also allows for quick decision-making and adaptation to changing market conditions.

Registered in England/Wales under the registration number 11213139, with a registered address at CV2 1EY, United Kingdom, Coventry, 157 Lapworth Road Lapworth Road.

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