Global Oilfield Supplies Limited

Global Oilfield Supplies Ltd, based in Downham Market, UK, is a small, active company established 21 years ago. With four employees and £1,335,704 in assets, it operates from a virtual address, a detail worth noting as 27 companies share the same location. The business, a family affair with two directors and two owners, regularly imports and exports machinery, boilers, and mechanical appliances – parts, with 169 months of import activity and a substantial 383 months of export activity. The company’s website, hosted by Eldrican.com, suggests a focus on online presence.

The company’s core business revolves around supporting petroleum and natural gas extraction, acting as agents for specialized products. It’s a modest operation, meeting two of the three criteria to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). The website clearly points to an e-commerce model, showcasing products and services online, although it doesn't offer direct purchasing options.

Financially, Global Oilfield Supplies Ltd presents a mixed picture. While current assets increased by 14% to £1,300,000, net assets also rose by 23% to £1,200,000. Bank borrowings decreased by 33%, a positive sign, and cash reserves grew by 7.3% to £230,000. However, trade debtors increased significantly by 41%, suggesting a potential challenge in collecting payments. Creditors decreased by 17%, indicating improved debt management. The lack of an auditor mentioned, typical for a small company, means the figures are unaudited.

The company’s growth in assets and cash reserves is encouraging, but the rise in trade debtors warrants attention. The family-run nature of the business and its focus on specialized services likely contribute to its stability, but the virtual address and the need for careful financial management are factors to consider. It’s a steady, if somewhat understated, player in its niche market.

Registered in England/Wales under the registration number 04993928, with a registered address at PE38 0QQ, United Kingdom, Downham Market, Norfolk, First Floor 12 St Johns Way, St Johns Business Estate.

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