Otto Simon Limited

Otto Simon Ltd, based in Cheadle, UK, is a small holding company with an active status, having been incorporated twenty-two years ago in February 05, 2003. Employing fifty-one people, the company holds £2,886,201 in assets and operates from a real address. Five directors and two owners (though this list may not be exhaustive) steer the company's operations.

The company primarily functions as a regular importer, specializing in machinery, boilers, and mechanical appliances, with parts imported for four months. It also engages in irregular exporting of ceramic products, with just one month of export activity recorded. It operates in the other professional, scientific and technical activities n.e.c. industries.

A look at the company’s financial health reveals some interesting trends. Cash bank on hand has decreased by a significant 48%, falling to £690,000. Net assets have also taken a hit, dropping 47% to £1,200,000. Trade creditors have decreased by 32%, which is a positive sign. However, amounts owed by group undertakings have increased by 53%, and amounts owed to group undertakings have also risen, suggesting a more complex financial relationship with its parent companies. The company’s small size—meeting two of three conditions for being classified as small—allows for flexibility, but the decline in equity raises questions. No auditor is mentioned, which is typical for smaller companies.

While the company’s website isn’t available, the financial data suggests a period of adjustment. The company's current assets have decreased by 28%, and the company is likely burning through cash. It’s unclear whether this is a temporary setback or a longer-term trend, but the company will need to manage its finances carefully to ensure its continued success.

Registered in England/Wales under the registration number 04656787, 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.