Olson Handling Limited

Olson Handling Limited is a small, active company based in Belper, UK, founded seven years ago in 2018. With just four employees and £13,268 in assets, it’s a solo-founded operation managed by a single director and owner, Purser Sophie Eleanor. The company operates in the retail sale via mail order houses or via internet industries. Its registered address is real, with only one other company registered at the same location.

The company’s website, Olson Limited Equipment, reveals a more specialized business. It’s a manufacturer’s representative company serving industries like wood, biomass, aggregate, and recycling. They don’t sell equipment directly but represent top companies, offering solutions for size reduction, material handling, and dust collection. They provide everything from single pieces of equipment to complete turnkey systems, partnering with contractors for installation. The site lists several key manufacturers they represent, including MM Screening Solutions, West Salem Machinery, and Kafka Conveyors.

Financially, Olson Handling Limited shows some concerning trends. Current assets have fallen significantly, dropping 69% to just £13,000. Net assets have also declined, falling 40% to -£21,000. Cash reserves have plummeted 81%, leaving only £270. While creditors have decreased by 45%, suggesting better debt management, the sharp decline in assets and cash, coupled with increased bank borrowings, indicates a company burning through money. 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 flexibility, but the declining equity is a red flag. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 11306279, with a registered address at DE56 0SU, United Kingdom, Belper, 159 Belper Road, Bargate.

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