Oldbaum Services Limited

Oldbaum Services Limited is a small, active company based in Perth, UK, established twenty years ago in 2005. With £774,721 in assets and a virtual address shared by 132 other companies, it operates with two directors and one owner. The company employs seven people and is primarily an irregular importer, specializing in optical and medical tools and devices, with the last import activity recorded one month ago in August 2024.

The company’s website is non-existent, making it difficult to ascertain its specific operations beyond the import activity. However, the company description indicates it provides engineering related scientific and technical consulting activities. This suggests a B2B focus, possibly supporting medical or optical equipment manufacturers or distributors.

Financially, Oldbaum Services Limited shows a mixed picture. Current assets have increased by a substantial 59% to £770,000, while net assets have also increased by 58% to £490,000. Cash reserves have more than doubled, rising 150% to £220,000. However, bank borrowings have increased by 42% to £14,000, and taxation social security payable has increased by 76% to £270,000. Creditors have also increased by 66% to £290,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The increase in creditors and taxation payable, coupled with the rise in bank borrowings, could indicate the company is investing in its business or facing short-term cash flow challenges. With no auditor mentioned, the financial information is unaudited.

Registered in Scotland under the registration number SC279398, with a registered address at PH1 5JN, Scotland, Perth, 6 Atholl Crescent.

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