Or Components Ltd

Or Components Ltd is a small, holding company based in Bicester, UK, with an active status. Founded five years ago in January 2020, the company currently has one employee and holds assets valued at £60,204. It’s managed by one director and one owner, and confirmation statements are currently overdue by four months. The company is an irregular importer, primarily dealing in vehicles, parts, and accessories—with two months of import activity recorded, the last operation taking place in June 2023.

The company’s website, Oracle Components, presents a different picture. It’s a global electronic components supplier, offering a wide range of products from semiconductors to fasteners, catering to industries like aerospace, automotive, and rail. The site emphasizes its 21 years of experience, certified quality, and fast delivery, positioning itself as a procurement specialist for professional buyers. It even supplies to blue-chip companies and government departments, offering MoD-grade parts and NATO stock numbers. The website also mentions a history of electronics, dating back to 1975, and a commitment to UK stewardship.

Financially, Or Components Ltd’s report reveals a concerning trend. Current assets have plummeted by 48%, dropping to £60,000, while net assets have fallen a dramatic 77%, settling at £30,000. Bank borrowings have increased, and cash reserves have decreased significantly. Creditors have also risen, suggesting a potential strain on the company's liquidity. While the company meets the criteria for being a small entity (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the sharp decline in equity raises questions about its financial health. The lack of an auditor mentioned—likely due to its small size—means the figures are unaudited.

Despite these challenges, the company’s website suggests a focus on providing specialized procurement services and maintaining high-quality standards. Whether it can overcome its financial difficulties and continue to thrive in the competitive electronic components market remains to be seen.

Registered in England/Wales under the registration number 12384884, with a registered address at OX25 2DX, England, Bicester, Oxfordshire, 5 Chalk Blue Close, Ambrosden.

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