Ortus Engineering Ltd

Ortus Engineering Ltd from Croydon UK: a small, active company founded ten years ago, employs five people, and holds £337,213 in assets. It’s a real address with three directors and three owners, regularly importing aluminum and aluminum products—the latest import was recorded three months ago in September 2024.

The company operates in the manufacture of doors and windows of metal industries, and it’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. It’s a regular importer, with its top import category being Aluminum and aluminum products, totaling 3 months of imports. The last import operation was conducted on September 01, 2024.

Looking at the financial data, there's a mixed picture. Creditors decreased by 70%, which is a good sign, but net assets plummeted 54% to £72,000. Bank borrowings increased significantly, reaching £29,000, and cash reserves fell 30% to £45,000. Trade debtors also increased by 48%, which could indicate some issues with customer payments, or perhaps a deliberate strategy to offer more credit. The company’s small size helps it stay agile, but the equity drop is a concern. No auditor is mentioned, likely due to its status as a small company, so the figures are unaudited.

It's clear that while the company is actively importing and producing, it's facing financial pressures. The decrease in assets and increase in borrowings suggest it may be burning through cash, although the decrease in creditors is a positive sign. The fact that it’s a small, family-run operation means it can adapt quickly, but sustaining growth will depend on managing its finances carefully.

Registered in England/Wales under the registration number 09428857, with a registered address at CR0 8EB, England, Croydon, 826 Wickham Road, West Wickham.

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