Ondrives Limited

Ondrives Limited, based in Chesterfield, UK, is a well-established company with a 30-year history. This holding company, active since its founding in 1995, employs 50 people and holds assets totaling £2,085,342. With four directors and one owner, Ondrives operates from a real address and boasts a strong Google rating of 4.0 based on three reviews. The company is a regular importer and exporter of machinery, boilers, and mechanical appliances, including parts, with 39 months of import activity and 104 months of export activity.

Ondrives specializes in precision gears and mechanical components, manufacturing them to high standards. The company holds full AS9100 Rev D and ISO 90012015 accreditation, demonstrating its commitment to quality. Its website highlights a range of products, including reducers, gearboxes, gears, pulleys, and couplings, and offers online gear tooth calculators. Ondrives also provides gear design services, including spline gear teeth design, and offers 3D CAD design capabilities. The company participates in industry events like FIA2026 and Mach 2026, showcasing its expertise and connecting with customers.

Financially, Ondrives Limited is experiencing some challenges. Current assets have declined by 27%, dropping to £2,100,000, while net assets have fallen 8.3% to £4,900,000. Bank borrowings have increased significantly, rising by 120,000%, reaching £120,000. However, creditors have decreased by 10%, suggesting improved debt management. The company meets two of three criteria to be considered large, with turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The absence of a named auditor suggests that the company is exempt from an audit.

The increased bank borrowings and decrease in cash reserves could indicate that Ondrives is investing in growth or facing short-term cash flow pressures. The decrease in net assets, while concerning, may be a result of increased investment in plant and machinery, as evidenced by the increase in accumulated depreciation. It's possible that the company is navigating a period of transition or expansion, and the financial results reflect these ongoing activities.

Registered in England/Wales under the registration number 03042819, 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.