Ontam Ltd

Ontam Ltd from Northampton UK: a small, active company founded four years ago, holds £22,663 in assets, operates from a virtual address, and is led by a single director and owner who is also the solo founder. The company meets two of the three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company operates in the retail sale via mail order houses or via internet industries. It’s a small business, as it meets two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £22,663. Its website, PNGi Portal, is a governance reporting portal for Papua New Guinea, investigating the country’s power elite and cross-referencing company and business data. It’s a unique platform offering access to over 25 years of investigative reporting and company data. The site is built by Outlandish.

Financially, Ontam Ltd’s recent accounts show some interesting trends. Cash bank on hand has fallen dramatically by 98%, dropping to just £100. Trade debtors have increased significantly, rising 220% to £15,000, while creditors have also increased by 150% to £16,000. Equity has grown by 110% to £7,900, and total inventories have increased by a staggering 5400% to £7,400. The company’s net assets and liabilities have both increased by 100% to £7,900. The increase in debtors suggests customers are taking longer to pay, and the rise in creditors indicates increased short-term obligations. The large increase in inventories could mean the company is stocking up on goods, or perhaps there are issues with sales. There was no auditor mentioned, likely exempt as a small company.

Registered in England/Wales under the registration number 13192222, with a registered address at NN4 8DP, England, Northampton, 46 St. Leonards Road.

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