UNITED STATES
                            SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C. 20549


                                        FORM 10-Q


[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2008

                                    Or

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

                         Commission File Number: 0-49854

                            OXFORD TECHNOLOGIES, INC.
-------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)

             DELAWARE                                    04-361597
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    (State or other jurisdiction of        (I.R.S. Employer Identification No.)
     incorporation or  organization)

          80 WALL STREET, SUITE 818, NEW YORK, NEW YORK        10005
-------------------------------------------------------------------------------
      (Address of principal executive offices)              (Zip Code)

                              (212) 809-1200
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                 (Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act:

                       COMMON STOCK, $.0001 PAR VALUE
-------------------------------------------------------------------------------
                             (Title of Class)

     Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.     Yes [X]     No [  ]

     Indicate by check mark whether the Registrant is a large accelerated filer,
an accelerated filer, or a non- accelerated filer.  See definition of
"accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange
Act.

          Large accelerated filer    [  ]   Accelerated filer  [  ]

          Non Accelerated filer  [  ]

          Smaller Reporting Company  [X]

     Indicate by check mark whether the Registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).     Yes [  ]     No   [X]

     State the aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference to the price at which the
common equity was sold, or the average bid and asked price of such common
equity, as of the last business day of the registrant's most recently completed
second fiscal quarter: There is no trading market for the registrant's
securities. Accordingly, no estimate as to the market value can be made.

     State the number of shares outstanding of each of the issuer's classes of
common equity:  As of November 17, 2008, 18,564,002 shares of common stock were
outstanding.





                             OXFORD TECHNOLOGIES, INC.


                               Table of Contents



											      Pages
Part I. Financial Information                                          -------

Item1.  Financial Statements

   Condensed Consolidated Balance Sheets (Unaudited)................       4-5
   Condensed Consolidated Statements of Operations
    and Comprehensive Income(Unaudited).............................         6
   Condensed Consolidated Statements of Cash Flows (Unaudited)......         7
   Notes to Unaudited Condensed Consolidated Financial Statements...         8

Item 2. Management's Discussion and Analysis or Plan of Operation...        13

Item 3. Quantitative and Qualitative Disclosure about Market Risk...        17

Item 4. Controls and Procedures.....................................        17


Part II.   Other Information

Item 1.  Legal Proceedings..........................................        17
Item 1A  Risk Factors...............................................        17
Item 2.  Changes in Securities......................................        17
Item 3.  Defaults Upon Senior Securities............................        17
Item 4.  Submission of Matters to a Vote of Security Holders........        17
Item 5.  Other Information..........................................        17
Item 6.  Exhibits and Reports on Form 8-K...........................        17

Signatures..........................................................        18








Item 1.  Financial Statements



                                OXFORD TECHNOLOGIES, INC.
                        CONDENSED CONSOLIDATED BALANCE SHEETS

                                      ASSETS

<TABLE>
<CAPTION>
                                                                September 30,       December 31,
                                                                    2008               2007
                                                               --------------     --------------
                                                                  US $'000           US $'000
                                                                 (Unaudited)


                                                                  <c>               <c>
Current assets:
Cash and cash equivalents.................................      $       1,587      $        213
Accounts receivable, net of allowance for
  doubtful accounts of $ nil as of Sept 30, 2008
   and Dec. 31 2007 respectively..........................              5,013             8,424
Inventory.................................................              6,172             5,951
Other current assets......................................                839               394
                                                                -------------      ------------
     Total Current Assets.................................             13,611            14,982

Property and equipment, net of accumulated depreciation
 of $31,123 and $33,687 as of September 30, 2008 and
 December 31, 2007, respectively..........................             12,749            12,857

Other long term assets
Deferred taxation, non-current portion....................                255               284
Security deposits.........................................                 41                54
                                                                --------------    --------------
Total Assets..............................................       $     26,656      $     28,177
                                                                ==============    ==============


                             LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Checks drawn in excess of bank balance....................       $        867      $      3,844
Accounts payable..........................................              2,922             3,336
Accounts payable, related party...........................                712               179
Capital leases, current portion...........................                100               198
Taxes payable.............................................                775               592
Accrued expenses and other payables.......................              1,218               459
Deferred income-grant, current portion....................                 96               556
Deferred income-rent, current portion.....................                  -               532
                                                                --------------    -------------
     Total Current Liabilities............................              6,690             9,696

Long-term Liabilities:
Deferred income, non-current portion......................                900               671
Capital leases, non-current portion.......................              1,275               488
Long Term Loan............................................              1,461                 -
                                                                --------------    --------------
     Total Long-term Liabilities..........................              3,636             1,159

Total Liabilities.........................................             10,326            10,855

Stockholders' Equity:
Preferred stock, $.0001 par value, 20,000,000 shares
  authorized, none issued and outstanding.................                  -                 -
Common stock, $.0001 par value, 80,000,000 shares
  authorized, 18,564,002 shares issued and outstanding....                  2                 2
Additional paid in capital................................             33,377            33,377
Accumulated other comprehensive income/(loss).............            (1,818)                37
Accumulated deficit.......................................           (15,231)          (16,094)
                                                                -------------      -------------
Total Stockholders' Equity................................             16,330            17,322
                                                                -------------      -------------
     Total Liabilities & Stockholders' Equity.............       $     26,656       $    28,177
                                                                =============      =============



                       The accompanying notes are an integral part of
                      the condensed consolidated financial statements.

</TABLE>





                                 OXFORD TECHNOLOGIES INC.
     CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
                                     (UNAUDITED)

<TABLE>
<CAPTION>


                                                       Three-Month Ended       Nine-Month Ended
                                                           Sept 30,               Sept 30,
                                                    ------------------------  ---------------------
                                                         2008       2007         2008       2007
                                                    ------------  ----------  ---------- -----------

                                                     <c>          <c>         <c>         <c>
(Dollars in thousands except per data share)          US$'000      US$'000     US$'000      US$'000

Net Sales......................................     $      8,419  $    8,232   $  28,237  $   26,115
Cost of Sales..................................          (7,273)     (7,189)    (24,304)    (23,092)
                                                    ------------  ----------  ----------- -----------
Gross Profit...................................            1,146       1,043       3,933       3,023

Operating Expenses
Selling, general and administrative............            1,169       1,241       3,899       3,618
                                                    ------------  ----------- ----------- -----------
Operating Income/(Loss)........................             (23)       (198)          34       (595)

Other Income and Expenses
Rental income..................................              293         303         869         900
Economic development grant.....................               35         140         141         419
Interest income................................               27          27          63          53
Interest expense...............................             (79)        (69)       (244)       (184)
                                                    ------------  ----------- ----------- -----------
Net Income before income tax...................      $       253  $      203   $     863   $     593

Income tax (liability) benefit.................                -           -           -           -
                                                    ------------- ----------- ----------- -----------
Net Income.....................................              253         203         863         593
Foreign currency translation...................          (1,911)           -     (1,855)           -
                                                    -------------	----------- ----------- -----------
Other Comprehensive Income/(loss)..............          (1,658)         203       (992)         593
                                                    ============ 	=========== =========== ===========

Basic and diluted income per share.............     $      0.01   $     0.01  $     0.05   $    0.03
                                                    ============  =========== =========== ===========

Weighted average common shares outstanding.....      18,564,002   18,564,002  18,564,002  18,564,002
                                                    ============  =========== =========== ===========


                           The accompanying notes are an integral part of
                          the condensed consolidated financial statements.

</TABLE>






                                 OXFORD TECHNOLOGIES, INC.
                      CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                     (UNAUDITED)

<TABLE>
<CAPTION>


                                                            Nine-Months Ended September 30,
                                                                  2008           2007,
                                                            ---------------  -------------
                                                               US $'000         US $'000
                                                            ---------------  --------------

                                                               <c>             <c>
Cash Flows From Operating Activities:
Net Income.............................................      $         863    $        593
Adjustments to reconcile net income to net cash
 Provided by (used in) operating activities:
  Depreciation and amortization........................                979             760
  Amortization of grant received.......................              (115)           (419)
Changes in operating assets and liabilities:
Accounts receivable....................................              2,779          (1,816)
Inventory..............................................              (910)            (116)
Other current assets...................................              (529)            (195)
Accounts payable.......................................               (82)            (600)
Taxes payable..........................................                268              302
Accrued expenses and other payable.....................                883              198
Deferred income - rent.................................              (520)                -
                                                             -------------   --------------
     Cash provided by (used in) operating activities...              3,616          (1,293)

Cash Flows from Investing Activities:
Purchase of property and equipment.....................            (2,305)            (320)
                                                             --------------  --------------
     Cash used in investing activities.................            (2,305)            (320)

Cash Flows from Financing Activities:
Changes in checks in excess of bank balance............            (2,820)            1,755
Principal payments on capital leases...................              (256)            (108)
Proceeds from RP payable...............................                593                -
Principal payments on notes payable....................                  -            (177)
Proceeds from long term loan...........................              1,461                -
Proceeds from capital leases...........................              1,085                -
                                                             --------------  --------------
     Cash provided by financing activities.............                 63            1,470

Effect of exchange rate changes on cash................                  -               16
                                                             --------------  --------------
Increase (Decrease) in cash and cash equivalents.......              1,374            (127)
Cash and Cash Equivalents, Beginning...................      $         213   $          165
                                                             --------------  --------------
Cash and Cash Equivalents, Ending......................      $       1,587   $           38
                                                             =============   ==============


Supplemental Disclosure of Cash Flow Information
Cash paid for interest.................................      $           -    $          90
                                                             =============   ==============
Cash paid on income taxes..............................                  -                -
                                                             =============   ==============

Non-cash Investing & Financing Activities
Equipment obtained under capital lease obligation......      $           -    $          80
                                                             =============   ==============
Equipment obtained under 100% debt financing...........      $           -	$       (123)
                                                             =============   ==============


                        The accompanying notes are an integral part of
                       the condensed consolidated financial statements.

</TABLE>





                             OXFORD TECHNOLOGIES INC

          NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                              September 30, 2008


1. NATURE OF OPERATIONS

Oxford Technologies, Inc. (the "Company") and its subsidiary, Axiom
Manufacturing Services Limited ("Axiom") provide electronic manufacturing
services (EMS) to third parties in the following market sectors: computers and
related products, industrial control equipment, testing and instrumentation
products and medical devices. Axiom offers its customers a comprehensive
integrated design and manufacturing service from initial design to volume
production, direct order fulfilment and aftermarket support. The Company's
customer base is primarily in the United Kingdom.

The Company was incorporated in the State of Delaware on March 8, 2002. On
February 12, 2003, the Company acquired Axiom by issuing 13,564,002 shares of
its common stock in exchange for all issued and outstanding capital shares of
Axiom owned by Great Admirer Limited ("Great Admirer"), a Hong Kong Corporation.
The Company as the legal acquirer was the registrant on that date and remains
the registrant with the Securities and Exchange Commission. The merger was
accounted for as a reverse acquisition under accounting principles generally
accepted in the United States of America. As a result of the acquisition, Axiom
became the Company's wholly owned subsidiary and Great Admirer became the
controlling stockholder of the Company. The continuing operations of the Company
will reflect the consolidated operations of Oxford and its wholly owned
subsidiary, Axiom.

At the time Great Admirer acquired Axiom in April 2002, Great Admirer was a
non-operating shell company and incurred minimal costs to acquire Axiom.
Therefore no costs incurred by Axiom were recorded in the accounts of Axiom.

Axiom's principal office and manufacturing facility is located at Technology
Park, Newbridge, South Wales, United Kingdom. Axiom is the owner of the above
mentioned facility.

Axiom was incorporated in South Wales, United Kingdom on September 3, 1980,
under the name of Aiwa (UK) Limited, with the Company subsequently being
renamed Axiom Manufacturing Services Limited on April 10, 2002.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Financial Statement Presentation - The accompanying unaudited condensed
consolidated financial statements have been prepared by the Company in
accordance with accounting principles generally accepted in the United States
of America for interim financial information. Accordingly they do not include
all of the information and footnotes required by accounting principles
generally accepted in the United States of America for full year financial
statements. In the opinion of management, all adjustments considered necessary
for a fair presentation have been included and are of a normal, recurring
nature. Operating results for the nine months ended September 30, 2007 and
2008 are not necessarily indicative of the results that may be accepted for the
year ending December 31, 2008. These financial statements and notes included
herein should be read in conjunction with the company's audited consolidated
financial statements and the notes thereto that are included in the Company's
annual report on Form 10-K for the year ended December 31, 2007.

Net Income/(Loss) Per Common Share - Basic net income/(loss) per share of common
stock is calculated by dividing the net income/ (loss) by the weighted average
number of shares of common stock outstanding during the period.

Foreign Currency Translation - The functional currency of the Company's
operations in the UK is the British Pound Sterling. The financial statements of
the Company were translated to US dollars using quarter-end exchange rates for
the balance sheets and weighted average exchange rates for the statements of
operations and statements of cash flows. Equity transactions were translated
using historical rates. Foreign currency translation gains or losses as a result
of fluctuations in the exchange rates are reflected in the statements of
stockholders' equity in total comprehensive income or loss.

Use of Estimates - The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent asset and liabilities, at the date of the financial
statements and the reported amount of revenues and expenses during the reporting
period. Actual results could differ from those estimates.

Revenue Recognition - Sales revenues are generally recognized when the products
are shipped to the customers or services are rendered, net of discounts, returns
and allowances. All revenues generated and the associated cost of sales incurred
relate to the EMS service offering (manufacturing of OEM customer products) in
2008, with 99% of revenues coming from this source in 2007 with the remaining
percentage of revenue and cost of sales relating to the provision of a market
return and repair service.

Trade Receivables - Trade receivables are stated at net realisable value. This
value includes an appropriate estimated allowance for uncollectible accounts.
The allowance is calculated based upon an evaluation of the level of past due
accounts and the relationship with and financial status of our customers.

Inventory - Inventories are stated at the lower of cost or market value. Cost is
determined using the first-in, first-out method. Inventory quantities on hand
are regularly reviewed and where necessary, reserves for excess and unusable
inventories recorded.

                                Sept 30, 2008      Dec 31, 2007
                               ---------------   -----------------

      Raw Materials             $  3,339,000      $   5,492,000
      Work in Progress          $  2,352,000      $     459,000
      Finished Goods            $    481,000      $           -
                               --------------    ---------------
      Total Inventory           $  6,172,000      $   5,951,000
                               -------------     ---------------

Property, plant and equipment - Property, plant and equipment are recorded at
cost, net of accumulated depreciation. Depreciation is computed on a straight
line basis over estimated useful lives of various asset classes as follows:

     Building & building improvements         20 to 45 years
     Machinery & equipment                    5 to 10 years
     Fixtures and fittings                    3 to 8 years

Upon retirement or sales, the costs and related depreciation of the asset
disposed of, are removed from the accounts and any resulting gain or loss is
included in the determination of income. Repairs and maintenance costs are
expensed as incurred. The Company reviews its property and equipment annually
for impairment, and accordingly will write down those assets to their estimated
fair value.

Income Taxes - Deferred taxes are provided on an asset and liability method
whereby deferred tax assets are recognised for deductible temporary differences
and operating loss carry forwards and deferred tax liabilities are recognised
for taxable temporary differences.

Fair Value of Financial Instruments - The carrying amounts of the Company's
financial instruments, which include cash, accounts receivable, accounts payable
and accrued expenses are representative of their fair values due to the short
term maturity of these instruments.

Funding Arrangements - The Company has an invoice discounting facility provided
by its bankers under which the bank advances up to 80% of the value of
qualifying invoices on presentation. This is repaid when the customer settles
the invoice with the remaining 20% released to the Company less bank charges at
this time. The Company is responsible for collecting the debt. Security for the
advances under this facility is provided by a charge over the accounts
receivable of the Company, a chattels mortgage over fixed assets and a second
charge on the building at Technology Park, Newbridge, South Wales. The amount
held at this facility is shown in Other receivables on the balance sheet.

Recent Accounting Pronouncements - In December 2007, the FASB issued SFAS No 160
"Non-controlling Interests in Consolidated Financial Statements" - an amendment
of ARB No 51. The objective of this statement is to improve the relevance,
comparability and transparency of the financial information that a reporting
entity provides in its consolidated financial statements. This Statement is
effective as of the beginning of an entity's first fiscal year that begins after
December 15, 2008.

In December 2007, the FASB issued SFAS No 141(Revised) "Business Combinations".
The objective of this statement is to improve the relevance, representational
faithfulness, and comparability of the information that a reporting entity
provides in its financial reports about a business combination and its effects.
This Statement is effective as of the beginning of an entity's first fiscal
year that begins after December 15, 2008.

In March 2008, The FASB issued SFAS No 161 "Disclosures about Derivative
Instruments and Hedging Activities - an amendment of FASB Statement No 133".
The objective of this statement is that FASB No 133 does not provide adequate
information about how derivative and hedging activities affect an entity's
financial position, financial performance and cash flows. This statement
improves the transparency of financial reporting. This Statement is effective
as of the beginning of an entity's first fiscal year that begins after
November 15, 2008.

In May 2008, The FASB issued SFAS No 162 "The Hierarchy of Generally Accepted
Accounting Principles". This statement identifies the sources of accounting
principles to be used in the preparation of financial statements of
nongovernmental entities that are presented in conformity with generally
accepted accounting principles (GAAP) in the United States. The board believes
it is the entity that is responsible for selecting accounting principles for
financial statements. This Statement is effective 60 days following SEC's
approval.

In May 2008, The FASB issued SFAS No 163 "Accounting for Financial Guarantee
Insurance contracts - an interpretation of FASB Statement No. 60". This
statement requires that an insurance enterprise recognize a claim liability
prior to an event of default (insured event) where there is evidence that credit
deterioration has occurred in an insured financial obligation. This statement
also claries how statement 60 applies to financial guarantee insurance
contracts. This statement is effective for financial statements issued for
fiscal years beginning after December 15, 2008.

None of the above new pronouncements has current application to the Company but
will be implemented in the Company's future financial reporting where
applicable.

3. LONG TERM CONTRACTS

Capital Leases

At the end of each lease the company will purchase the equipment. The leases are
a mixture of 3 and 5 year terms.

Long Term Loan

The long term loan is on the basis of a promissory note. The whole amount is
repayable on 31 December 2009.




ITEM 2.        MANAGEMENT'S DISCUSSION & ANALYSIS OR PLAN OF OPERATIONS.


Forward-Looking Statements

The discussion in this quarterly report on Form 10-Q contains forward looking
statements. Such statements are based upon beliefs of management as well as
assumptions made by and information currently available to management of the
Company as of the date of this report. These forward looking statements can be
identified by the use of such verbs as "expect", "anticipate", "believe" or
similar verbs or conjugations of such verbs. If any of these assumptions prove
incorrect or should unanticipated circumstances arise, the actual results of
the Company could materially differ from those anticipated by such forward
looking statements. The Company assumes no obligation to update any such
forward looking statements.

Overview

The Company was incorporated in the State of Delaware on March 8, 2002 as a
blank cheque company. On February 12, 2003, the Company acquired 100% of the
outstanding securities of Axiom Manufacturing Services Limited ("Axiom") with
the issuance and exchange of 13,562,002 shares of the Company's common stock
(the "Merger"). Although the Company is the legal survivor in the Merger and
remains the registrant with the SEC, under accounting principles generally
accepted in the United States, the Merger was accounted for as a reverse
acquisition, whereby Axiom is considered the "acquirer" for financial reporting
purposes as its shareholders controlled more than 50% of the post transaction
combined company. Among other matters, this requires us to present all financial
statements, prior historical financial statements and other information of Axiom
and requires a retroactive restatement of Axiom historical stockholders'
investment for the equivalent number of shares of common stock received in the
Merger. Accordingly, the Company's consolidated financial statements present the
results of the operations of Axiom for the year ended December 31, 2002, and
reflect the acquisition of the Company on February 12, 2003 under the purchase
method of accounting. Subsequent to February 12, 2003, the Company's operations
reflect the combined operations of the former Oxford and Axiom.

The Company conducts its business through its subsidiary Axiom Manufacturing
Services Limited. Prior to its acquisition by Great Admirer in April 2002, Axiom
was a wholly owned subsidiary of Aiwa Europe Limited, which in turn was a wholly
owned subsidiary of the Aiwa Company of Japan. (note that the Aiwa business was
acquired by the Sony Corporation on October 1, 2002). As the sole original
equipment manufacturer of Aiwa's own-brand products in Europe, Axiom was
responsible for producing consumer electronics products primarily audio and
visual equipment on behalf of the Aiwa Company of Japan, for distribution in the
UK, France, Germany, Poland and the Netherlands. In December 2000 due to
gradually declining profit margins, Axiom started to provide electronic
manufacturing services (EMS) for third parties. In July 2001 production of Aiwa
branded products was terminated and Axiom became solely an EMS provider offering
its customers a comprehensive and integrated design and manufacturing service,
from initial product design through to volume production and aftermarket
support.

The Company provides electronics manufacturing services in the business to
business or business to industry sectors and to original equipment manufacturers
in the following market sectors:

     o  Medical devices
     o  Industrial control equipment
     o  Domestic appliances
     o  Computer and related products
     o  Testing and instrumentation products
     o  Ministry of Defence products

As a result of efficiently managing costs and assets, Axiom is able to offer its
customers an outsourcing solution that represents a lower total cost of
acquisition than that typically provided by the OEM's own manufacturing
operation. OEM's contract with Axiom to build their products or to obtain
services related to product development and prototyping, volume manufacturing
or aftermarket support. In many cases Axiom builds products that carry the brand
name of its customers and substantially all of Axiom's manufacturing services
are provided on a turnkey basis where Axiom purchases customer specific
components from suppliers, assembles the components onto printed circuit boards,
performs post production testing and provides the customer with production
process and test documentation. Axiom also provides manufacturing services on
a consignment basis where material is free issued by the customer for Axiom
to build into finished printed circuit boards or product. Axiom offers its
customers flexible just in time delivery programmes which allow product
shipments to be closely coordinated with the customers' inventory requirements.
Additionally Axiom completes the assembly of final product for its customers by
integrating the manufactured printed circuit boards into the customers' finished
products.

RESULTS OF OPERATIONS

Nine month periods ending September 30, 2008 and 2007.

Revenues

Revenues for the nine month period ended September 30, 2008 were $28.24 million
which is an increase of $2.12 million or 8.1% as compared to $26.12 million for
the same period in 2007.  The majority of this increase is due to sales from a
new customer under a contract which started in quarter four 2007, although three
of the Company's other major customers also show an increase in sales from the
same period last year.

Cost of sales

Cost of sales consists of the material cost of goods sold, direct overhead,
direct wages and direct depreciation expenses. For the nine months ended
September 30, 2008, cost of sales was $24.30 million as compared to $23.09
million for the nine months ended September 30, 2007. This increase 5.25% is
due to increase in sales for the same period. The cost of sales as a percentage
of sales decreased to 86.07% for the nine months ended September 30, 2008 from
88.42% for the nine months ended September 30, 2007 as a result of a greater
proportion of higher margin product being shipped in 2008.

Operating Expenses

Operating expenses, consisting of selling, general and administrative expenses
as increased by $0.281 million or 7.77% to $3.899 million for the nine months
ended September 30, 2008 as compared to $3.618 million in the same period of the
prior year. The increase is as a result of higher spending in 2008 on indirect
wages and salaries and associated costs, training, test equipment, marketing and
repairs and maintenance costs.

Rental Income and Economic Development Grant

For the period ended September 30, 2008, rental income and economic development
grant was $1.01 million as compared to $1.319 million for the same period of
the previous year. Rental income to September 30, 2008 was $0.31 million lower
than the first nine-months of 2007 as a result the amount of unused warehouse
space being let to an existing tenant being reduced. For the period
September 30, 2008, the economic development grant was amortized in the amount
of $0.141 million as compared to $0.419 million for the same period of the
previous year. The reduction is because the amount of grant relating to people
and assets are fully amortised.

Interest expenses

Interest expense for the nine months ended September 30, 2008 was $0.244 million
as compared to $0.184 million for the same period of the previous year. Although
showing a increase year on year, this is attributable to a movement in the US
dollar against the British pound. Without the currency movement, interest
expenses would be unchanged and reflect similar levels of borrowing year on
year.

Net Income

As a result of the factors discussed above, for the nine month period ending
September 30, 2008, net income was $0.863 million as compared to net income of
$0.593 million for the nine month period ending September 30, 2007. This
resulted in a basic income per share of $0.05 on weighted average common shares
outstanding of 18,564,002 for the nine month period ended September 30, 2008 as
compared to basic income per share of $0.03 on the 18,564,002 of weighted
average common shares outstanding in the same period of the previous year.

Liquidity and Capital Resources

The Company's primary source of capital is cash provided by operations and
borrowings under its credit facilities. As of September 30, 2008, the company
had cash and cash equivalents of around $1.587 million.

For the nine months ended September 30, 2008, net cash provided by operating
activities was $3.307 million as compared to ($1.293 million) used in operating
activities in the same period of the prior year. This amount is mainly made up
of increases in "accounts receivable" and decreases in "accounts payable".

Net cash provided by financing activities for the nine month period ended
September 30, 2008 was $0.18 million, as compared to $1.519 million for the same
period of the previous year. The amount of $0.18 million is made up of decreases
in "checks in excess of bank" and increases in "capital leases" and "loans
payable".

For the nine months ended September 30, 2008, short-term capital needs were met
by invoice discounting, finance lease arrangements, inter-company and bank
loans. The Company's banking facilities comprise an invoice discounting facility
with a maximum advance limit of $5.164 million subject to the level of
qualifying sales invoiced and a bank overdraft limit of $198,600. Interest rates
are calculated with reference to bank base rates.  At September 30, 2008,
interest on invoice discounting facility was charged at 2% above Base and
interest on the bank overdraft at 2% above Base. The accounts receivable of the
Company is collateral for this arrangement.

The following summarizes our debt and other contractual obligations at
September 30, 2008:

Description                  Amount                        Term
------------------------ -------------- --------------------------------------
Invoice discounting       $ 1,730,000   Ongoing until facility terminated
Inter-company Loan        $   712,000
Finance lease agreements  $ 1,375,000   Mix of 3 and 5 year term commencing
                                        August 2005 to September 2008
Long term loan            $ 1,461,000   Payable in full on December 31, 2009
------------------------------------------------------------------------------
     Total                $ 5,278,000
------------------------------------------------------------------------------

As of the date of this report, we are in compliance with all covenants under our
existing credit facilities.

In the event that adequate funding is not available from existing credit
facilities, we would work with existing lenders to identify additional sources
of financing. We have no current plans to make significant capital expenditures.
At present we do not have any arrangements for financing except those mentioned
above. While there can be no assurance that we will have sufficient funds over
the next twelve months, we believe that funds generated from operations plus
borrowings under our invoice discounting facility will be adequate to meet our
anticipated operating expenses, capital expenditure and debt obligations for at
least the next twelve months. Nevertheless, our continuing operating and
investing activities may require us to obtain additional sources of financing.
There can be no assurance that any necessary additional financing will be
available to us on commercially reasonable terms, if at all.

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements.

Critical Accounting Policies

Disclosure of the Company's significant accounting policies is included in
Note 2 to the consolidated financial statements of the Company's Annual Report
on Form 10-K for the year ended December 31, 2007. Some of these policies
require management to make estimates and assumptions that may affect the
reported amounts in the Company's financial statement.


ITEM 3.   Quantitive & Qualitative Disclosures about Market Risk

There has been no significant change in the Company's exposure to market risk
during the first nine months of 2008. For a discussion of the Company's exposure
to market risk, refer to Item 7A, Quantitative and Qualitative Disclosure about
Market Risk contained in the Company's Annual Report on Form 10-K for the year
ended December 31, 2007, incorporated herein by reference.


ITEM 4.   Controls & Procedures

Under the supervision and with the participation of the Company's President (the
principal executive officer and the principal financial officer), management has
evaluated the effectiveness of the design and operation of the Company's
disclosure controls and procedures. Based on that evaluation, the President
concluded that the Company's disclosure controls and procedures were effective
as of September 30, 2008.

There were no changes in internal control over financial reporting that occurred
during the last fiscal quarter covered by this report that have materially
affected, or are reasonably likely to affect, the Company's internal control
over financial reporting.



                       PART II.  OTHER INFORMATION


Item 1.  Legal Information:   None.

Item 1A. Risk Factors:  N/A

Item 2.  Unregistered Sales of Equity Securities and use of Proceeds: None

Item 3.  Defaults upon Senior Securities:   None.

Item 4.  Submission of Matters to a Vote of Security Holders:   None.

Item 5.  Other Information:  None.

Item 6.  Exhibits

Exhibit No.                        Description
----------  -----------------------------------------------------------

   31.1        Section 302 Certification
   32.1        Section 906 Certification




                                    SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, hereunto duly
authorized.



Oxford Technologies, Inc.


By:  /s/ Jacinta Sit
---------------------------------------------------
Jacinta Sit, President and Chief Financial Officer
(Principal executive officer and principal financial officer)


November 18, 2007