Orbyt Group Ltd

Orbyt Group Ltd is a small, active company based in London, UK, founded four years ago in 2020. With £570,373 in assets and a real registered address, it employs just four people and is overseen by two directors and owners. The company is an irregular importer, primarily dealing in plastics and plastic products, with its last import operation recorded just one month ago in December 2024.

The company operates within the manufacture of pharmaceutical preparations industries, suggesting a specialized focus. Its website is currently unavailable, making it difficult to assess its online presence or direct sales activities.

Financially, Orbyt Group Ltd presents a mixed picture. While current assets have increased significantly by 120% to £570,000, net assets have decreased by 170% to -£350,000. Cash bank on hand has doubled to £120,000, a positive sign, but creditors have also risen considerably by 140% to £920,000. Trade debtors have increased by 160% to £250,000, which could indicate slower customer payments. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 25 employees) allows for flexibility, but the substantial equity decline warrants attention. The accounts are unaudited and exempt, relying on director-reported data.

The increase in creditors, coupled with the decrease in equity, suggests the company may be burning through cash to fund its operations. It's possible that increased investment in inventory or marketing efforts contributed to this trend, or perhaps it's facing challenges in collecting payments from its customers. The lack of an auditor mentioned, consistent with its status as a small company, means the financial statements haven't been independently verified.

Registered in England/Wales under the registration number 12623899, with a registered address at E8 3JS, England, London, Workspace Mare Street Studios 203-213 Mare Street, Unit 315.

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