Argo Flare Services Limited

Argo Flare Services Ltd from Marlow UK: a small holding company with an active status, was founded 56 years ago in 1969. It employs just three people and holds assets valued at £1,725,168. With four directors and one owner, the company operates from a real address and regularly imports electrical machinery and equipment (3 months, last in August 2023) and exports machinery, boilers, and mechanical appliances (5 months, last in March 2024).

The company's website reveals a specialist service provider focused on flare systems for the oil and gas industry. Argo Flare Services offers design, inspection, refurbishment, and maintenance of flares, catering to both onshore and offshore operations. The site emphasizes cost savings, environmental benefits, and performance enhancements for clients, offering total flare systems from initial design to inspection. It also highlights expertise in flare ignition systems, aerial inspection surveys, and crisis management.

Financially, Argo Flare Services Ltd presents a mixed picture. While current assets decreased by 21% to £1,700,000, net assets increased by a significant 450% to £1,200,000. However, cash reserves dropped 10% to £690,000, and trade debtors soared by a staggering 1800% to £340,000. Bank borrowings decreased, and creditors fell by 74%, suggesting improved debt management. The company meets the criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The unaudited figures, with no auditor mentioned, rely on director-reported data.

The sharp increase in trade debtors could indicate a shift in payment terms or potentially delayed customer payments, which could be a cause for concern. The rise in net assets, however, suggests a successful year, despite the decline in cash reserves. The company’s long history and focus on a specialized niche—flare systems—position it well for continued success, though monitoring the cash flow situation will be important going forward.

Registered in England/Wales under the registration number 00952260, with a registered address at SL7 1BA, United Kingdom, Marlow, Buckinghamshire, 43 High Street.

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