Optagon Ltd

Optagon Ltd, based in Coventry, UK, is a small holding company with an active status, established fifteen years ago in 2009. The company employs 57 people and holds assets totaling £2,711,694. It operates from a real address and is overseen by four directors and one owner. Optagon Ltd is an irregular importer of basic metal tools and utensils, with two months of import activity recorded, and an irregular exporter of rubber and rubber products, with one month of export activity.

The company’s website, Optagon Group, highlights its role as a “Construction Industries Supply Partner,” specializing in e-commerce and the handling and distribution of construction materials. It positions itself as a market leader in online sales, partnering with both its own websites and online retail partners. The site emphasizes its purpose to find better ways of selling construction materials online, believing in making the best roofing materials available to everyone. It works directly with manufacturers to provide contractors and homeowners with enhanced service and expertise.

Financially, Optagon Ltd’s recent performance shows a mixed picture. Current assets decreased by 6.6% to £2,700,000, while net assets plummeted 38% to £1,500,000. Bank borrowings surged by a significant amount, and cash reserves fell 11% to £1,000,000. Creditors increased by 81%, suggesting a need to manage debt more effectively. 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 number of employees has also decreased, from 57 to 48. With no auditor mentioned, the figures rely on unaudited statements.

Despite the financial pressures, Optagon’s focus on e-commerce and construction materials distribution suggests a potential for growth. The company’s website and online presence indicate a commitment to serving the construction industry, and its partnerships with manufacturers could provide a stable foundation for future success.

Registered in England/Wales under the registration number 07089512, with a registered address at CV6 4BL, England, Coventry, West Midlands, Unit 4 Swallowgate Business Park, Holbrook Lane.

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