Oaklead Services Limited

The principal activity of OAKLEAD SERVICES LIMITED during the reporting period was the provision of business support, administrative management, operational coordination and other professional services to commercial clients classified under SIC 96090 – Other service activities not elsewhere classified. During the year the Company continued to expand its range of professional services while strengthening long-term relationships with commercial customers. Revenue increased to £88,650 and the Company generated a gross profit of £53,450, an operating profit of £45,650 and a profit after taxation of £38,272.50, all of which was retained within the business. At the reporting date total assets amounted to £570,141, including current assets of £463,391 and cash balances of £73,391. The Company maintained positive working capital of £432,214.40 and continued to finance its operations through retained earnings together with long-term funding provided by the Director. The Director considers the Company's financial position and operating performance to provide an appropriate platform for continued commercial development.