Otto Simon Chemicals Limited

Otto Simon Chemicals Ltd, based in Cheadle, UK, is a small holding company with an active status, established nine years ago. Employing just two individuals and holding £892 in assets, it operates from a real address and is overseen by two directors and one owner. Boasting a stellar 5.0 Google rating from ten reviews, the company is an irregular importer of iron or steel products, with its last import operation dating back to February 2022.

The company’s website is currently unavailable, making it difficult to ascertain its precise operations beyond its listed industry: other professional, scientific and technical activities n.e.c. This suggests a business-to-business model rather than direct consumer sales.

Financially, Otto Simon Chemicals Ltd presents a mixed picture. While the company’s equity has decreased by 12%, dropping to £510,000, bank borrowings have increased significantly, rising by 25% to £95,000. Current assets have plummeted by a staggering 99%, leaving only £890, while debtors have decreased by 93%, indicating difficulties in collecting payments. Cash reserves have vanished completely, dropping 100% to just £47. Creditors have also increased by 13%, suggesting a reliance on short-term financing. Despite these challenges, the company’s small size (meeting two of three conditions for a small company) allows for agility. The lack of an auditor mentioned likely means the financial statements are unaudited.

The company's irregular import activity and declining financial health suggest it may be facing headwinds. The recent changes to the director list, however, could indicate a fresh perspective aimed at turning things around.

Registered in England/Wales under the registration number 10136819, with a registered address at SK8 1PS, England, Cheadle, United House, 3 The Crescent.

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