Onyx Construction Tools Ltd

Onyx Construction Tools Ltd is a small, active company from South Croydon, UK, founded three years ago in 2021. It's a solo founder operation with one director and owner, Doherty Shaun James, and boasts a real registered address. The company, meeting two of three conditions for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), holds just £5,548 in assets and generated £6,834 in revenue last year. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with its last import operation occurring over a year ago in August 2022.

The company’s website, Diamond Blades Diamond Drill bits ONYX Construction Tools, suggests a focus on construction tools – specifically diamond blades and drill bits. This indicates a direct-to-consumer or trade-focused e-commerce operation, selling tools online. The site's simplicity suggests a lean operation, possibly run by the founder himself.

Financially, Onyx Construction Tools Ltd presents a mixed picture. While cash bank on hand remains steady at £5,500, net assets are a mere £4,300, a significant drop from the previous year. Operating profit and gross profit remain constant at £4,100 and £4,600 respectively, but trade debtors have increased, suggesting potential payment delays. Creditors are also up, reaching £1,300, and administrative expenses remain steady at £140. The company’s small size exempts it from an audit, so the figures are unaudited. It's a bit concerning that the company's equity has increased substantially, from £1 to £4,300, which is a big jump.

Overall, Onyx Construction Tools Ltd seems to be holding its own, but the low asset base and reliance on cash flow suggest it's a vulnerable business. The company's success hinges on maintaining its online sales and managing its finances carefully.

Registered in England/Wales under the registration number 13684222, with a registered address at SE25 5DS, England, London, 22 Elmers Road.

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