Onyx Group International Ltd

Onyx Group International Ltd, based in Altrincham, UK, is a small, active company founded two years ago. With four employees and £151,842 in assets, it operates from a virtual address shared by 1254 other companies, a fact that raises some eyebrows. The company is led by five directors and has one owner, Lalljee Abbas Amin, who also serves as the solo founder. Onyx Group International is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with recent import activity recorded just one month ago.

The company's website, The Onyx Group, is currently under maintenance, offering limited information beyond contact details and a copyright notice. Quick links point to "About Us," "Services," "Recent Works," and "Valuable Clients," but these sections are inaccessible. The site’s design suggests a focus on professional services, though the lack of active content makes it difficult to determine the precise nature of their offerings.

Financially, Onyx Group International Ltd presents a mixed picture. While the company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees, its equity is currently at a negative £300,000. This suggests accumulated losses are outweighing any profits. Cash bank on hand sits at £88,000, but creditors have reached £460,000 and other creditors at £400,000—a significant liability. Trade debtors are at £64,000. The company's property, plant, and equipment, while present, is relatively small at £13,000. Despite the negative equity, the company's accounts are exempt from audit and prepared as filleted accounts, relying on director-reported data.

The company's focus on importing machinery alongside its stated business activities in fish processing, wholesale, and retail—as well as its negative equity—suggests it may be facing challenges in scaling its operations or diversifying its revenue streams. It's possible the company is burning through cash to establish itself in the market, but the high level of creditors warrants close monitoring.

Registered in England/Wales under the registration number 14644656, with a registered address at WA14 2DT, United Kingdom, Altrincham, Cheshire, 3rd Floor 1 Ashley Road.

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