Otto Engineering Limited

Otto Engineering Limited, based in Warwick, UK, is a small, active company founded five years ago. With just two employees and £9,555 in assets, it’s a solo founder operation led by a single director and owner, Celenk Mustafa. The company enjoys a stellar 5.0 Google rating from ten reviews, a testament to its customer service.

The business operates in both retail sales via mail order and internet, and in the broader engineering activities industries. Its website reveals a focus on providing engineering consultancy services, with a mention of operations in Cheadle, England. It’s a small company, meeting two of three conditions for classification: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Otto Engineering Limited’s picture is a bit complicated. Current assets have decreased significantly, dropping by 59% to just £9,600. Bank cash has also plummeted by 76%, falling to £3,100. Equity, however, has taken the biggest hit, decreasing by a staggering 98% to a mere £150. Creditors have also decreased by 41%, suggesting some improvement in debt management. Trade debtors have also decreased by 39%. The lack of an auditor is typical for a small company, meaning the figures are unaudited.

These trends suggest Otto Engineering Limited is facing some financial pressure, likely burning through cash faster than it’s generating revenue. The decrease in equity is particularly concerning, but the decrease in debtors is a positive sign. Whether this is a temporary setback or a longer-term challenge remains to be seen—but for now, Otto Engineering Limited is navigating a challenging economic climate.

Registered in England/Wales under the registration number 11969800, with a registered address at CV34 4QT, England, Warwick, 11 Taylor Court.

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