Owen Developments (uk) Limited

Owen Developments (uk) Limited, based in Abingdon, Oxfordshire, is a small, active company founded 21 years ago. With nine employees and £270,694 in assets, it’s a family-run business led by a solo founder and director, Owen Lee Matthew. The company regularly imports and exports machinery, boilers, and mechanical appliances – parts, with 245 months of import activity and 62 months of export activity recorded. Its website reveals a dual focus: construction and building services alongside a separate venture in piano restoration.

The company’s primary business, Owen Developments, specializes in building and construction, offering services from design to completion. It caters to residential projects in Worcestershire and Herefordshires, with a focus on new builds, renovations, and extensions. The piano division, 1066 Pianos, operates from Cambridge and even has a showroom in Harrods, London, specializing in museum-grade restorations and disaster recovery. It’s a bit surprising how these two businesses are connected, but both emphasize family ownership and British craftsmanship.

Financially, Owen Developments shows some concerning trends. Current assets decreased by 28% to £270,000, and net assets plummeted 73% to just £16,000. Bank borrowings increased by 2,400%, reaching £50,000, and cash reserves fell 100% to zero. Creditors decreased by 44%, suggesting better debt management, but the significant drop in cash and the increase in borrowings are worrying. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Owen Developments is facing some financial challenges, despite its diverse business interests. Whether the construction and piano divisions can support each other remains to be seen—but for now, the company is betting on its reputation and expertise to navigate these pressures.

Registered in England/Wales under the registration number 04980426, with a registered address at OX13 5AS, Abingdon, Oxfordshire, 28 Kingston Business Park, Kingston Bagpuize.

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