Openview Group Limited

Openview Group Limited is a holding company based in Romford, UK, with an active status. Founded twenty years ago in 2004, the company employs three people and holds £58,917 in assets. It has a real address and is managed by three directors and owned by three individuals—though this list isn’s exhaustive. The company regularly imports electrical machinery and equipment, with nineteen months of import activity recorded, the last in November 2024. It exports these same items, but irregularly, with just two months of export activity recorded, the last in February 2022.

The company’s website, OpenView Security Solutions, paints a picture of a larger operation. It's a security company offering a wide range of services, including design, installation, and maintenance of electrical, fire, and security systems. They cater to both private and public sectors, boasting seven strategically located offices and over 500 employees—a significant difference from the company’s reported three. The website highlights specializations like IP convergence and network solutions, and emphasizes a commitment to innovation and smart city solutions. They even have a division dedicated to public safety, transport, housing, retail, and blue light services.

Financially, Openview Group Limited presents a concerning picture. Current assets have plummeted by 75% to just £59,000, while net assets have fallen by a dramatic 45% to £2.5 million. Bank borrowings have surged by a staggering 38%, reaching £4.9 million, and cash reserves have dropped 7.3% to just £420. Creditors have also increased by 38%, reaching £4.9 million. Losses deepened significantly, increasing by 25,000% to -£1.5 million. Despite these challenges, dividends paid remained consistent at £520,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. The accounts were audited by Menzies LLP, and the report mentions a subsidiary, Wardrop Security Joinery Limited, is in liquidation.

In short, Openview Group Limited appears to be facing financial headwinds, despite the seemingly robust operations of its subsidiary, OpenView Security Solutions. Whether the holding company can support the larger security operation remains to be seen.

Registered in England/Wales under the registration number 05114513, with a registered address at RM7 7PJ, Romford, Openview House, Chesham Close.

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