Ballistol Oil Ltd

Ballistol Oil Ltd from Porthmadog, UK, is a small, active family business founded five years ago. With just £14,095 in assets and a real address, it's a lean operation managed by one director and two owners. The company, incorporated on November 14, 2019, is an irregular importer, primarily dealing in soaps, cleaning products, and waxes, with its last import activity recorded one month ago in September 2023. It operates within the wholesale of chemical products industry.

The company’s website showcases a wide range of products, from universal oils and weapon care solutions to animal care and bike maintenance items. It seems to be primarily an online retailer, offering products directly to consumers. The site highlights a focus on quality and versatility, with sections dedicated to metal, wood, leather, and firearm care. It also features a blog with articles on various applications of its products, reinforcing its expertise.

Financially, Ballistol Oil Ltd presents a mixed picture. Current assets have decreased by 21% to £14,000, while net assets have improved significantly, increasing by 180% to £790. Bank borrowings have decreased by 2.6% to £38, and cash reserves have increased by 18% to £8,600. Creditors have decreased by 29%, suggesting better management of debts. The company meets two of the three criteria to be considered a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt due to its size) means the figures are unaudited.

While the company’s financial situation appears to be improving, the decrease in debtors by 75% suggests potential issues with customer payments. It’s likely that the company is navigating the challenges of a small business, but its focus on specialized products and online sales could position it for continued growth.

Registered in England/Wales under the registration number 12315388, with a registered address at LL49 9AP, Wales, Porthmadog, Gwynedd, Dunn & Ellis St. Davids Building, Lombard Street.

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