Fuel Oils (holdings) Limited

Fuel Oils Holdings Ltd, based in Erith, UK, is a sizable company with a 42-year history, currently employing 50 people. The company holds assets worth £13.8 million and generates an impressive £67.3 million in revenue annually. As a holding company with an active status, it operates from a real address and is overseen by three directors and a single owner. Google users rate it 4.0 out of 5 based on 13 reviews. The company is an irregular importer of electrical machinery and equipment, with the last import operation occurring one month ago.

Fuel Oils Holdings Ltd primarily operates as an independent fuel distributor, servicing commercial, domestic, agricultural, and marine clients across the South of the UK. Its website showcases a broad range of fuel oil products and related services, including delivery, storage, and maintenance. The company also offers a selection of lubricants, additives, and equipment. The website highlights its family-run heritage, spanning over 60 years, and emphasizes its commitment to excellent communication and attention to detail. They even supply marine vessels, from small craft to large cargo ships.

Financially, Fuel Oils Holdings Ltd presents a mixed picture. While turnover remained steady at £67.3 million, net assets decreased by 12% to £8.2 million. Cash bank on hand dropped 4.5% to £4.2 million, and bank borrowings increased by 100% to £420,000. However, creditors decreased by 9%, suggesting improved debt management. The company's size qualifies it as a large company, meeting two of three criteria: turnover exceeding £36 million and balance sheet total exceeding £18 million. Depreciation impairment for motor vehicles decreased by 2.5%, while administrative expenses plummeted by 73%, a significant and potentially positive shift. The company’s auditor is Brooks Green, and the financial statements are unaudited.

Overall, Fuel Oils Holdings Ltd appears to be a well-established player in the fuel distribution market, but the decrease in cash reserves and increase in bank borrowings warrants close monitoring. The company’s long history and commitment to customer service should help it navigate any financial challenges, but its future success will depend on maintaining its competitive edge and adapting to changing market conditions.

Registered in England/Wales under the registration number 01708836, with a registered address at DA8 2LG, United Kingdom, Erith, Kent, Unit 3-4 Burnett Road, Darent Industrial Park.

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