Oxigen Inc Ltd

Oxigen Inc Ltd is a small, holding company registered in Edinburgh, UK, with an active status. Founded five years ago in May 2019, the company employs twelve people and holds £1,600,973 in assets. It operates from a virtual address, a detail worth noting as 2968 companies are registered at the same location. The company is led by one director and has two owners, though the list of owners changed seven months ago. Oxigen Inc Ltd runs an e-commerce site and is involved in both importing and exporting. It’s an irregular importer of jewelry, precious stones, and metals (two months of imports recorded), and a regular exporter of clothing and accessories made by knitting or crocheting (nine months of exports). The company operates in the agents involved in the sale of a variety of goods, the business and domestic software development industries.

The company’s website is not detailed, but it seems to be focused on sales of goods and services. It’s not clear if the e-commerce site is directly linked to the holding company or if it’s a subsidiary.

Financially, Oxigen Inc Ltd presents a mixed picture. Current assets have decreased by 29% to £1,600,000, while net assets have fallen 15% to £1,400,000. Cash bank on hand has seen a dramatic increase of 1000% to £740,000, which is a positive sign. However, trade debtors have plummeted by 61%, suggesting difficulties collecting payments. Bank borrowings have increased by 300%, reaching £82,000, and creditors have decreased by 54% to £300,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in debtors could be a cause for concern. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s increase in bank borrowings and decrease in debtors suggest it might be burning through cash faster than it’s collecting payments, although the significant increase in cash bank on hand is a positive indicator. The company’s management structure, with just one director, could also be a factor, although it’s difficult to say definitively without more information.

Registered in Scotland under the registration number SC631438, with a registered address at EH2 4AN, Scotland, Edinburgh, 5 South Charlotte Street.

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