Omicron Engineering Limited

Omicron Engineering Ltd from Norwich UK: a small, active company founded 40 years ago, employs eight people, and holds £376,341 in assets. It’s a real address, managed by five directors and two owners, and operates as a family business. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 24 months of import activity and 15 months of export activity.

The company’s core business appears to be the maintenance and repair of motor vehicles, alongside the wholesale and retail trade of motor vehicle parts and accessories. It also handles the sale, maintenance, and repair of motorcycles and related parts. While a website isn't available, this suggests a B2B focus, likely serving local garages and workshops.

Financially, Omicron Engineering Ltd shows some concerning trends. While net assets increased by 17%, to £130,000, cash reserves have dwindled to just £260, a significant drop. Bank borrowings increased by 2.2%, reaching £10,000, and creditors have risen by 27%, to £160,000. Trade debtors have decreased by 65%, to £21,000, which could indicate improved collection practices or a reduction in credit sales. 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, likely due to its small size and exemption from an audit.

The decline in cash reserves, despite increased net assets, is a point of concern. It suggests the company may be burning through cash faster than it’s generating it, perhaps due to increased operating expenses or delayed payments from customers. However, the decrease in trade debtors is a positive sign, indicating better cash flow management. The company’s long history and family ownership suggest a stable foundation, but it needs to address its cash flow situation to ensure long-term sustainability.

Registered in England/Wales under the registration number 01814922, with a registered address at NR14 8JS, Norwich, Norfolk, The Long Barn, Mulbarton.

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