Oryx Jet Limited

Oryx Jet Ltd, based in Hitchin, UK, is a small, active company founded fifteen years ago in 2009. With twelve employees and £1,528,901 in assets, it operates from a virtual address, managed by a single director and owner—a solo founder. The company is registered at SG4 0TY, Hitchin, Herts, Invision House, Wilbury Way, although twenty-five companies share this address, suggesting it's likely a virtual location. Oryx Jet is a regular importer, though it hasn's imported anything in over two years, and an irregular exporter, with no exports recorded in the last year.

The company’s website, while not providing extensive details, indicates a focus on non-scheduled passenger air transport. It's a niche area, and the company's operations appear to be centered around charter flights and related services. It’s a small business, meeting two of the three criteria for being classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Oryx Jet Ltd presents a mixed picture. Net assets have declined significantly, dropping 9.2% to -£1.4 million. Bank overdrafts have increased substantially, rising 90% to £120,000, while cash reserves remain steady at £250. Trade creditors have also increased by 4.7% to £2.9 million, and bank borrowings are steady at £400,000. The number of employees has decreased by 58% to just five, which could be a result of cost-cutting measures or changes in operational needs. There is no auditor mentioned, which is common for small companies exempt from mandatory audits.

The company’s financial performance suggests it’s facing challenges. The decline in net assets and increase in overdrafts indicate potential cash flow pressures, and the reduction in employees could be a response to these difficulties. While the company's niche focus may offer some resilience, its financial health warrants close monitoring.

Registered in England/Wales under the registration number 07063788, with a registered address at SG4 0TY, Hitchin, Herts, Invision House, Wilbury Way.

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