Clover Tool Europe Limited

Clover Tool Europe Ltd, based in Aberdeen, UK, is a small, active company founded nine years ago in 2015. Employing just three people, it holds £708,774 in assets and operates from a real address. With three directors and two owners, the company regularly imports machinery, boilers, and mechanical appliances – parts, with 33 months of import activity recorded, the latest in November 2024. It also exports these same items, with five months of export activity.

The company’s website showcases a focus on the energy sector, particularly supporting offshore operations. Clover Tool Europe describes itself as an “Energy Sector Service Company” and highlights its work on the Foinaven FPSO. Services offered include pod refurbishment, preservation, maintenance, storage, rentals, and testing. A blog features updates on fluid analysis, BOP fluid mixing systems, and pump installations, demonstrating a focus on technical expertise. The website also mentions ISO 9001215 certification, suggesting a commitment to quality standards. It seems they are focused on providing specialized equipment and services to the oil and gas industry, rather than being a general e-commerce retailer.

Financially, Clover Tool Europe Ltd presents a mixed picture. Average number of employees increased by a significant 67%, rising to five, which could indicate expansion. However, creditors increased by 51%, reaching £330,000, and bank borrowings decreased by 39%, falling to £16,000. Cash reserves increased dramatically, rising to £280,000. Net assets increased by 280%, reaching £340,000. These figures suggest the company is managing its debts well, but the increase in creditors could be a cause for concern if not carefully monitored. As a small company, it's exempt from an audit, so the financial data is unaudited. The company’s focus on a niche market—the energy sector—could be a strength, allowing it to command premium prices and build long-term relationships, but it also makes it vulnerable to fluctuations in oil and gas prices.

Registered in Scotland under the registration number SC506587, with a registered address at AB12 4YB, Scotland, Aberdeen, Unit B Badentoy Avenue, Portlethen.

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