Ondrives Group Limited

Ondrives Group Limited, based in Chesterfield, UK, is a holding company with an active status, established twelve years ago in 2012. The company employs three people and holds £38,350 in assets, operating from a real address at Foxwood Industrial Park. With three directors and two owners, it's a family-run business boasting a respectable 4.0 Google rating from three reviews. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with 101 months of import activity and 320 months of export activity recorded.

The company’s website reveals a core business: manufacturing precision gears and mechanical components. Ondrives has a long-established history and holds full AS9100 Rev D and ISO 9001:2015 accreditation. They offer a wide range of products, including reducers, gearboxes, spiral bevel gears, and couplings, and even provide custom design and manufacturing services, including gear tooth calculators and 3D CAD design. Their expertise extends to gear design for EV gears, aerospace, and rail applications.

Financially, Ondrives Group Limited presents a mixed picture. While cash bank on hand increased dramatically by 2600%, jumping to £37,000, cash and cash equivalents experienced a significant drop of 110%, falling to -£77,000. Net assets also declined by 8.1%, settling at £1,000,000. Bank borrowings, however, increased to £120,000, a notable shift. Creditors also increased by 6.1%, reaching £320,000. Despite these challenges, the company’s turnover remained consistent, and administrative expenses decreased slightly. The company is audited by UHY Hacker Young.

The trends suggest Ondrives Group Limited is navigating a period of change. While the increase in cash reserves is encouraging, the decrease in cash and cash equivalents and the rise in bank borrowings indicate a need for careful financial management. The company’s focus on high-value engineering components and its strong accreditation suggest a solid foundation for future growth, but the financial pressures warrant close attention.

Registered in England/Wales under the registration number 08161681, with a registered address at S41 9RN, Chesterfield, Derbyshire, Foxwood Industrial Park, Foxwood Road.

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