Bisn Oil Tools Ltd

Bisn Oil Tools Ltd, based in Warrington, UK, is a large holding company with an active status. Established thirteen years ago, it employs twenty-seven people and boasts assets of £22,679,841, generating a yearly revenue of £15,012,047. With four directors and one owner, the company maintains a perfect 5.0 Google rating based on two reviews. Bisn Oil Tools is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts, with import activity spanning thirty months and export activity spanning seventy months.

The company's website highlights its focus on engineered well sealing solutions, particularly through its wellok technology. It caters to the oil and gas industry, offering components and applications for drilling, completions, well intervention, and plug and abandonment. Bisn Oil Tools also emphasizes its global presence, with offices in Houston, Warrington, Perth, Mace, Aberdeen, Stavanger, and other regional locations. The site showcases a range of sealing tools and provides technical resources, including videos and patents.

Financially, Bisn Oil Tools Ltd presents a mixed picture. While turnover increased by a substantial 100%, reaching £15 million, net assets grew by only 62% to £13 million. Cash bank on hand fell by 55% to £4 million, a significant drop. Bank borrowings increased by 73%, reaching £9.1 million, and trade debtors ballooned by 97% to £5.4 million. Creditors decreased by 18%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million and balance sheet total exceeding £18 million. Despite the growth in revenue, the decrease in cash reserves and increase in debt warrants closer scrutiny. The company's auditor is Xeinadin Audit Limited. The company’s financial statements are unaudited.

Registered in England/Wales under the registration number 07735255, with a registered address at WA3 6DE, England, Warrington, 713 Cavendish Avenue, Birchwood.

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