Ormiston Wire Limited

Ormiston Wire Ltd, based in Isleworth, UK, is a small, active company with a remarkable 102-year history, having been founded in 1923. Employing twelve people, the company holds assets totaling £1,455,490 and operates from a real address, managed by five directors and one owner. A regular importer of basic metal tools and utensils (41 months) and a regular exporter of iron or steel products (27 months), Ormiston Wire has a long-standing presence in the industry.

The company specializes in manufacturing wire products, chain, and springs, catering to a diverse range of applications from art installations to military equipment. Its website showcases a wide array of products and services, including bespoke wire solutions, heat transfer applications, and even restoration work on pianos. While it doesn’s appear to be an e-commerce operation, the website does provide detailed information about its capabilities and case studies demonstrating its expertise.

Ormiston Wire’s financial performance shows some concerning trends. While current assets increased slightly to £1,500,000, cash reserves dropped significantly by 25% to £590,000. Trade debtors have increased substantially by 63%, suggesting potential issues with customer payments. Perhaps most notably, dividends paid on shares decreased by 38%, indicating a reduction in shareholder returns. The company’s size—meeting two of three criteria to be considered small—allows for flexibility, but the decrease in cash and dividends raises questions about its financial health. The company’s net assets remained stable at £2,200,000. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company, so the figures rely on unaudited director reports.

Overall, Ormiston Wire Ltd appears to be a well-established business with a long history, but its recent financial trends warrant close attention.

Registered in England/Wales under the registration number 00189160, with a registered address at TW7 6EU, Isleworth, Middlesex, 1 Fleming Way, Worton Road.

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