Omega North East Limited

Omega North East Ltd, based in Gateshead, UK, is a sizable holding company with an active status, having operated for 28 years. Employing 94 people and boasting assets of £3,146,666, it’s a significant player in its sector. The company, overseen by four directors and a single owner, maintains a real address and holds a respectable Google rating of 4.0 based on six reviews. It’s a regular importer of machinery, boilers, and mechanical appliances; parts, with 38 months of import activity, and a regular exporter of vehicles, parts, and accessories (excluding trains and trams), with 35 months of export activity.

The company’s website reveals it's a specialist in plastic injection moulding, offering tooling, components, assembly, and technical solutions. It’s part of the larger Omega Plastics Group, which includes Signal Plastic Components Ltd and Omega Plastics Kingsway South. The group provides a full turnkey solution, from concept to dispatch, catering to sectors like automotive, medical, consumer products, and aerospace. They even have a showroom in Harrods, London.

Financially, Omega North East Ltd shows a mixed picture. Current assets decreased by 6.8% to £3,100,000, while net assets increased by 4.9% to £2,200,000. Bank borrowings decreased by 34% to £83,000, and cash reserves increased by 140% to £110,000. However, administrative expenses increased by 8.6% to £3,600,000, and net losses deepened by 330% to -£460,000. Creditors decreased by 20% to £740,000. The company is classified as a large company, meeting two of three criteria: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The accounts were audited by Azets Audit Services.

Despite the increased losses, the company’s strong asset base and reduced debt suggest it's navigating challenges. The diverse range of services and the group’s presence in high-end markets like Harrods, London, indicate a focus on quality and customer service. It's likely the company is investing in growth, which could explain the increased expenses, but the long-term impact on profitability remains to be seen.

Registered in England/Wales under the registration number 03296387, with a registered address at NE11 0JL, England, Gateshead, Tyne And Wear, Omega Plastics Kingsway South, Team Valley Trading Estate.

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