Oracle Drive Systems Limited

Oracle Drive Systems Ltd, based in Peterlee, UK, is a small holding company with an active status, having been founded 21 years ago. The company employs 14 people and holds £1,836,252 in assets. It has a real address and is overseen by four directors and one owner, operating an e-commerce site. The company is an irregular importer of electrical machinery and equipment, with one month of imports recorded, and a regular exporter, boasting 16 months of export activity.

The company’s website, Oracle Drives and Automation, showcases a diverse range of services related to industrial automation and electrical engineering. They offer everything from design and repair of drives to commissioning, consultancy, and even thermal imaging surveys. The site highlights their expertise in PLC, SCADA, and variable speed drives, catering to both end-users and OEMS. They even have a panel shop and offer yearly contract offers with discounts. The site also features case studies demonstrating their work, and a news section highlighting company milestones like 20 years of innovation and a new regional office opening. They offer worldwide shipping and same day dispatch on stocked products.

Financially, Oracle Drive Systems Ltd presents a mixed picture. Current assets increased by 20% to £1,800,000, while net assets rose by 15% to £1,600,000. However, cash bank on hand dropped significantly by 48% to £210,000. Creditors increased by 45% to £270,000, and trade debtors remained relatively stable. Fixed assets decreased by 54% to £21,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of a mentioned auditor is likely due to its small size.

Overall, Oracle Drive Systems Ltd appears to be a stable, albeit somewhat cash-constrained, operation. The increase in creditors suggests they may be relying on credit to manage their business, but the growth in assets and net assets indicates a healthy core business. The company’s diverse range of services and commitment to customer support position it well for continued success.

Registered in England/Wales under the registration number 04974921, with a registered address at SR8 2RS, England, Peterlee, Durham, Unit B1 Wear House Birchwood Drive, Bracken Hill Business Park.

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