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 March 31, 2007

                                            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.
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           (Exact name of registrant as specified in its charter)

              DELAWARE                                04-3615974
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 (State or other jurisdiction of          (I.R.S. Employer
    incorporation or organization)                 Identification No.)

      80 WALL STREET, SUITE 818, NEW YORK, NEW YORK            10005
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    (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
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Securities registered pursuant to Section 12(g) of the Act:

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

Indicate by check mark if the Registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act.    Yes [  ]    No [X]

Indicate by check mark if the Registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act.   Yes [  ]   No [X]

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 if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of the Registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.    [ ]

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 [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 February 25, 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.............................        4-5
  Condensed Consolidated Statements of Operations (Unaudited).......        6
  Condensed Consolidated Statements of Cash Flows (Unaudited).......        7
  Notes to Unaudited Condensed Consolidated Financial Statements....        9

Item 2. Management's Discussion and Analysis or Plan of Operation...        14

Item 3. Quantitative and Qualitative Disclosure about Market Risk...        18

Item 4. Controls and Procedures.....................................        18

Part II.   Other Information

Item 1.  Legal Proceedings..........................................        19
Item 1A  Risk Factors...............................................        19
Item 2.  Changes in Securities......................................        19
Item 3.  Defaults Upon Senior Securities............................        19
Item 4.  Submission of Matters to a Vote of Security Holders........        19
Item 5.  Other Information..........................................        19
Item 6.  Exhibits and Reports on Form 8-K...........................        19

Signatures..........................................................        20






Item 1.  Financial Statements



                              OXFORD TECHNOLOGIES, INC.
                        CONDENSED CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

                                      ASSETS
                                                              March 31,       December 31,
                                                               2007              2006
                                                          ----------------  --------------
                                                             US $'000          US $'000
                                                           (Unaudited)

                                                            <c>               <c>
Current assets:
Cash and cash equivalents............................       $          65    $       165
Accounts receivable, net allowance for
  doubtful accounts of $ nil as of March 31, 2007
  and Dec. 31 2006 respectively......................               7,174          4,464
Inventory............................................               5,777          5,310
Other current assets.................................                 416            503
                                                            --------------   ------------
       Total Current Assets..........................              13,432         10,442

Property and equipment, net of accumulated depreciation
 of $32,774 and $32,244 as of March 31, 2007 and
 December 31, 2006, respectively.....................              12,750         12,612

Other long term assets
Deferred taxation....................................                 620            617
                                                            --------------   ------------
Total Assets.........................................        $     26,802     $   23,671
                                                            ==============   ============


                             LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Checks drawn in excess of bank balance...............        $     2,345     $         -
Accounts Payable.....................................              4,764           4,008
Accounts Payable, related party......................                 82              82
Notes payable, current portion.......................      		   108              18
Capital Leases, current portion......................                 55             194
Taxes payable........................................                351             415
Accrued expenses and other payables..................                835             985
Deferred income, current portion.....................                898             893
                                                             ------------    ------------
    Total Current Liabilities........................              9,438           6,595

Long-term Liabilities:
Deferred income, non-current portion.................                732             866
Capital leases, non-current portion..................                 49             342
Notes payable, non-current portion...................                439               -
                                                             ------------    ------------
    Total Long-term Liabilities......................              1,220           1,208

Total Liabilities....................................             10,658           7,803

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..........................             33,277          33,277
 Accumulated Other Comprehensive Income..............               (94)           (158)
 Accumulated Deficit.................................           (17,041)        (17,253)
                                                              -----------    ------------
Total Stockholders' Equity...........................             16,144          15,868
                                                              -----------    ------------
Total Liabilities & Stockholders' Equity.............         $   26,802     $    23,671
                                                              ===========    ============



                     The accompanying notes are an integral part of the
                         condensed consolidated financial statements.
</TABLE>







                                 OXFORD TECHNOLOGIES, INC.
                    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                     (Unaudited)


<TABLE>
<CAPTION>


                                                            Three-Months Ended
                                                          March 31,        March 31,
                                                            2007            2006
                                                       ---------------  --------------

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


Net Sales.......................................        $        8,725   $       9,352
Cost of Sales...................................               (7,730)         (8,268)
                                                       ---------------   --------------
Gross Profit....................................                   995           1,084

Operating Expenses
Selling, general and administrative.............                 1,188             971
                                                       ---------------    -------------
Operating Income/ (Loss)........................                 (193)             113

Other Income and Expenses
Rental income...................................                   296             165
Economic development grant......................                   137             164
Interest income.................................                    12               -
Interest expense................................                  (40)            (44)
                                                       ----------------   -------------
Net Income before income tax benefit/(charge)...                   212             398

Income tax benefit/ (liability).................                     -            (16)
                                                       ----------------   -------------
Net Income......................................        $          212     $       382
                                                       ================   =============


Basic and diluted income per share..............        $         0.01     $      0.02
                                                       ================   =============

Weighted average common shares outstanding......            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>

                                                                  Three-Months Ended
                                                                March 31,      March 31,
                                                                  2007           2006
                                                            ---------------- --------------
                                                               US $'000         US $'000

                                                              <c>              <c>
Cash Flows From Operating Activities:
Net Income.............................................      $        212     $        382
Adjustments to reconcile net income to net cash
Provided by (used in) operating activities:
 Depreciation and amortization.........................               247              192
 Amortization of grant received........................             (137)            (164)
Changes in operating assets and liabilities:
 Accounts receivable...................................           (2,672)          (1,346)
 Inventory.............................................             (441)            (543)
 Other assets..........................................                81            (128)
 Accounts payable......................................               733            1,460
 Taxes payable.........................................              (67)            (309)
 Accrued expenses and other payable....................             (156)            (209)
 Deferred tax asset....................................                 -               25
                                                             -------------    ------------
Cash provided by (used in) operating activities........           (2,200)            (640)

Cash Flows from Investing Activities:
Purchase of property and equipment.....................              (88)            (282)
                                                             -------------    ------------
Cash used in investing activities......................              (88)            (282)

Cash Flows from Financing Activities:
Changes in checks in excess of bank balance............             2,344               -
Principal Payments on capital leases...................              (35)               -
Principal payments on notes payable....................             (114)             854
                                                             -------------    ------------
Cash provided by financing activities..................             2,195             854

Effect of exchange rate changes on cash................               (7)              30
                                                            --------------   -------------
Increase (Decrease) in cash and cash equivalents.......             (100)            (38)

Cash and Cash Equivalents, Beginning...................     $         165    $        556
                                                            --------------   -------------
Cash and Cash Equivalents, Ending......................     $          65    $        518
                                                            ==============   =============

Supplemental Disclosure of Cash Flow Information:

Cash paid for interest.................................     $          30    $         44
                                                            ==============   ============
Cash paid on income taxes..............................     $           -    $          -
                                                            ==============   ============
Non-cash Investing & Financing Activities:

Equipment obtained under capital lease obligation......     $          33    $          -
                                                            ==============   ============
Equipment obtained under 100% debt financing...........     $         213    $          -
                                                            ==============   ============



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


</TABLE>




                           OXFORD TECHNOLOGIES INC
            NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2007
                                  (UNAUDITED)


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 shareholder 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 un-audited
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 three months ended March 31, 2007 and 2006 are not
necessarily indicative of the results that may be accepted for the year ending
December 31, 2007. 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, 2006.

Principles of Consolidation - These financial statements include the accounts of
the company and its wholly-owned subsidiary Axiom. All inter-company balances
and transactions have been eliminated.

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 year-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 allowance. All revenues generated and the associated cost of sale incurred
relate to the EMS service offering (manufacturing of OEM customer products) in
2007, with 99% of revenues coming from this source in 2006 with the remaining
percentage of revenue and cost of sale 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.

Inventories - 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.

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.

Concentration of Credit Risk - Financial instruments that potentially subject
the Company to concentration of credit risk consist primarily of accounts
receivables.

Advertising Costs - The Company expenses advertising costs as incurred.

Comprehensive Income - The Company's comprehensive income for the three months
ended March 31, 2007 and 2006 includes foreign exchange translation gains.

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 February 2007, the FASB issued SFAS
No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities
- Including an amendment of FASB Statement No 115". The fair value option
established by this statement permits all entities to choose to measure eligible
items at fair value at specified election dates. A Business entity shall report
unrealized gains and losses on items for which the fair option has been elected
in earnings (or another performance indicator if the business entity does not
report earnings) at each subsequent reporting date. This statement is effective
as of the beginning of an entity's first fiscal year that begins after November
15, 2007.

In September 2006, the FASB issued SFAS No 157 "Fair Value Measurements". This
statement defines fair value, establishes a framework for measuring fair value
in generally accepted accounting principles (GAAP), and expands disclosures
about fair value measurements.

In December 2007, the FASB issued SFAS No. 160 " Noncontrolling 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, representional
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.

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.  CAPITAL LEASES.

The Company is leasing new Dell computer equipment as of March 2007. The lease
runs for a period of 36 months. At the end of the lease the Company will
purchase the equipment. The agreement carries a stated annual rate of interest
and calls for monthly principal and interest payments of $461.

4. NOTES PAYABLE

In January 2007, the company entered into an agreement to purchase an asset
through 100% financing with HSBC Asset Finance. This agreement carries a stated
annual rate of interest and calls for monthly and principal payments of $3,158.

5. RENTAL INCOME

The Company's subsidiary has sublet surplus space on annual basis for $930,000
per year. The original lease term was from July 1, 2002 through June 30, 2004.
The lessee has opted to extend this lease to June 30, 2008.



Item 2.      MANAGEMENT'S DISCUSSION & ANALYSIS OR PLAN


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 shareholders
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:

     *  Medical devices
     *  Industrial control equipment
     *  Domestic appliances
     *  Computer and related products
     *  Testing and instrumentation 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

Three month periods ended March 31, 2007 and 2006.

Revenues

Revenues for the three month period ended March 31, 2007 were $8.73 million
which is a decrease of $0.63 million or 6.7% as compared to $9.35 million for
the same period in 2006.  This was due to the completion of the Psion Contract
in 2006 which totaled $5.1 million. Also the new sales won for 2007 were at a
slowly turn out rate than the previous 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 three months ended
March 31, 2007, cost of sales were $7.73 million as compared to $8.27 million
for the three months ended March 31, 2006. This decrease (6.51%) is due to
decrease in sales for the same period. The cost of sales as a percentage of
sales increased to 88.6% for the three months ended March 31, 2007 from 88.4%
for the three months ended March 31, 2006 as a result of a greater proportion of
lower margin product being shipped in 2007

Operating Expenses

Operating expenses, consisting of selling, general and administrative expenses
increased by $217,000 or 22.35% to $1,188,000 for the three months ended
March 31, 2007 as compared to $971,000 in the same period of the prior year. The
increase is as a result of higher spending in 2007 on recruitment, indirect
wages and salaries, rental of a new SMT line and building maintenance.

Rental Income and Economic Development Grant

For the quarter ended March 31, 2007, rental income and economic development
grant was $433,000 as compared to $329,000 for the same period of the previous
year. Rental income to March 31, 2007 was $131,000 higher than the first quarter
of 2006 as a result of further unused warehouse space being let to an existing
tenant. For the period March 31, 2007, the economic development grant was
amortized in the amount of $137,000 as compared to $164,000 for the same period
of the previous year.

Interest expenses

Interest expenses for the three months ended March 31, 2007 was $40,000 as
 compared to $44,000 for the same period of the previous year. Although showing
a decrease 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 three month period ending
March 31, 2007, net income was $212,000 as compared to net income of $382,000
for the three month period ending March 31, 2006. This resulted in a basic
income per share of $0.01 on weighted average common shares outstanding of
18,564,002 for the three month period ended March 31,2007 as compared to basic
income per share of $0.02 on the same number 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 March 31, 2007, the company had
cash and cash equivalents of around $65,000.

For the three months ended March 31, 2007, net cash used in operating activities
was -$2,200,000 as compared to -$640,000 used in operating activities in the
same period of the prior year.

Net cash outflow from financing activities for the three month period ended
March 31, 2007 was $2,195,000, as compared to $854,000 for the same period of
the previous year.

For the three months ended March 31, 2007, 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 $5,118,100 subject to the level of qualifying sales
invoiced and a bank overdraft limit of $196,850. Interest rates are calculated
with reference to bank base rates.  At March 31, 2007, 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 March 31,
2007:

Description                  Amount                        Term
------------------------  ------------   --------------------------------------
Invoice discounting        $ 2,300,000    Ongoing until facility terminated
Bank loan                  $   547,000    5 year term commencing June 2002
Inter-company Loan         $    82,000
Finance lease agreements   $   106,000    Mix of 5 and10 year term commencing
                                          August 2002 to March 2007
-------------------------------------------------------------------------------
      Total                $ 3,035,000

As of the date of March 31, 2007, 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 1 to the consolidated financial statements of the Company's Annual Report
on Form 10-K for the year ended December 31, 2006. 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 three months of 2007. 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, 2006, incorporated herein by reference.



Item 4.   CONTROLS AND 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 March 31, 2007.

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 Proceedings:   None.


Item 1A. Risk Factors: None.


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 AND REPORTS ON FORM 8-K

(a)  Exhibits

Exhibit No.         Description
----------  -----------------------------------------------------------
   31.1        Section 302 Certification
   32.1        Section 906 Certification

(b)  Reports on Form 8-K:   None




                                     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)

February 25, 2008