On Point Machinery Ltd

On Point Machinery Ltd from Grantham UK: a small holding company with an active status, was founded seven years ago in 2017. The company employs six people and holds £389,983 in assets, operating from a real address. With one director and one owner, it’s a compact team. Regular imports of machinery, boilers, and mechanical appliances—parts—have been recorded for 22 months, with the latest in February 2025. Irregular exports of electrical machinery and equipment, totaling one month, occurred in June 2024.

The company’s website, On Point Machinery, specializes in the installation of industrial machinery and equipment, with a focus on providing comprehensive services. While no e-commerce functionality is apparent, the site showcases a range of capabilities, including machine repair, maintenance, and relocation. It also highlights a partnership with On Point Machinery And Tooling Group Ltd, suggesting a broader network of expertise.

Financially, On Point Machinery Ltd presents a mixed picture. Current assets decreased by 4.5% to £390,000, while net assets fell 5.1% to -£61,000—a concerning trend. Bank borrowings decreased by 57%, reaching £6,200, and cash reserves increased by 970% to £880. Creditors decreased by 43%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity decline and rising trade debtors (up 58%) raise questions. The increase in deferred income by 34% is also worth noting. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s average number of employees increased by 17%, indicating a possible expansion of operations, though the negative equity suggests a need for careful financial management. The significant increase in other creditors by 41% should be investigated further.

Registered in England/Wales under the registration number 10914375, with a registered address at NG31 7QH, England, Grantham, Lincolnshire, Hollis House, Hollis Road.

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