Olympus Automation Limited

Olympus Automation Ltd from Peterborough, UK, is a small, active company established 28 years ago. With 36 employees and £3,159,162 in assets, it operates from a real address and is led by four directors and a single owner. The company regularly imports electrical machinery and equipment, with 15 months of import activity recorded, and exports machinery, boilers, and mechanical appliances, parts, for 24 months.

The company specializes in robotics and automation solutions, offering services like cobot welding, palletizing, machine tending, and vision inspection. It acts as a distributor for Dinse Welding Systems and provides custom software plugins to simplify robot operation. Olympus Automation caters to a range of industries, including metal manufacturing, and boasts a strong network of partners across the UK and Europe. Its website highlights a commitment to innovation and customer support, with a focus on minimizing production downtime.

Financially, Olympus Automation shows a mixed picture. While net assets increased by 2.9% to £690,000, cash reserves saw a significant jump of 170% to £1,800,000. However, trade debtors decreased by 23%, suggesting potential issues with customer payments. Bank borrowings decreased by 8.3%, which is a positive sign. Creditors increased by 160%, indicating higher short-term liabilities. 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 rise in creditors warrants attention. The company's accounts were audited by HW Bedford Ltd.

The increase in liabilities and decrease in debtors could be due to a period of rapid growth and expansion, or it could signal a need for improved cash flow management. It’s likely the company is investing in its operations to meet growing demand, but it will be important to monitor these trends closely.

Registered in England/Wales under the registration number 03303852, with a registered address at PE2 6YN, Peterborough, Cambridgeshire, Unit 4 A1 Parkway, Orton Southgate.

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