Om Synergies Ltd

Om Synergies Ltd, based in Birmingham, UK, is a small, active company founded eleven years ago. With two employees and £3,058,773 in assets, it operates from a real address and is overseen by one director and owner. The company is an irregular importer of essential oils and perfumes (just one month of imports recorded in 2017) but a regular exporter of iron and steel (89 months of exports, the most recent in December 2024).

The company’s website, tradomsynergies.com, reveals its core business: international trading of ferrous and non-ferrous scrap metal and steel products. It boasts forty years of expertise in the industry, supported by a global logistics network. The site highlights the company’s ability to source and deliver a wide range of metals, including HMS, shredded scrap, aluminum, and even specialized products like railway axles and pure iron ingots. It also mentions a separate division involved in steel trading, manufacturing, and iron ore mining.

Financially, Om Synergies Ltd presents a mixed picture. While current assets increased slightly to £3.1 million, net assets grew significantly to £1.5 million—a positive sign. However, bank borrowings jumped by 36% to £67,000, and corporation tax payable soared by 140% to £200,000. Trade creditors decreased by 41%, which could indicate improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies.

The increase in bank borrowings and the substantial rise in corporation tax payable suggest that the company might be reinvesting in its operations or facing higher tax obligations. The company's reliance on exports, particularly iron and steel, also makes it vulnerable to fluctuations in global commodity prices. It's a solid, established business, but the financial data hints at some growing pains.

Registered in England/Wales under the registration number 08786463, with a registered address at B16 9NX, England, Birmingham, 9, Upper Ground Floor Ciba Building, 146 Hagley Road.

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