Paradox Omega Oils Ltd

Paradox Omega Oils Ltd is a small, family-run business based in Donaghadee, Northern Ireland, with an active trading status. Founded seventeen years ago in 2007, the company employs four people and holds £1,158,266 in assets. It operates from a real address and is led by two directors who are also the owners. The company regularly imports fats, oils, and waxes from animal, plant, or microbial sources (for five months) and exports miscellaneous food products (for twenty-three months).

Paradox Omega Oils’ website showcases a range of omega oil products, including capsules, chews, and liquids, marketed for various health benefits—from supporting pregnancy to boosting immunity. The site functions as a fully-fledged e-commerce platform, with product listings, shopping carts, and secure payment options. It even offers a loyalty program called Paradox Rewards. The company’s website also features a blog with articles on omega-3 benefits.

Financially, Paradox Omega Oils shows a mixed picture. Current assets increased by 3.6% to £1,200,000, while net assets increased by 8.1% to £880,000. Cash reserves grew by 34% to £630,000. However, trade debtors decreased by 19%, suggesting potential difficulties in collecting payments. Bank borrowings increased by 290%, reaching £5,300. 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 nimble, but the increase in borrowings raises questions. The accounts are unaudited, as is common for small companies, and no auditor is mentioned.

Overall, Paradox Omega Oils appears to be a growing business, but it’s important to monitor its debt levels and cash flow. The company's focus on a niche market—omega oil supplements—and its online presence position it well for continued growth, although the financial figures suggest some challenges.

Registered in Northern Ireland under the registration number NI066144, with a registered address at BT21 0PQ, Northern Ireland, Donaghadee, 69 Warren Road.

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