Helix Oilfield Services Ltd
- Small
- Active
- 11 years
- 1 employee
- £3,110,861 (assets)
- Virtual address
- 2 directors
- 1 owner
- Regular importer
- Regular exporter
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Helix Oilfield Services Ltd, based in Aberdeen, UK, is a small, active company founded eleven years ago in 2013. With a single employee and £3,110,861 in assets, it operates from a virtual address shared by 144 other companies—a bit unusual, really. The company is run by two directors and one owner, Milne Freddie Donald. It regularly imports machinery, boilers, and mechanical appliances, parts, with 11 months of import activity, and exports the same, with 17 months of export activity.
The company’s website highlights its specialized oilfield services, including metal stress relieving, heat treatment, cold pipe cutting, hydrotesting, and hydraulic bolting. It serves clients in Northeast Alberta and Northern/Southwestern Saskatchewan, offering solutions for pipelines, plants, and facilities. The company even has a mailing address in Lloydminster.
Financially, Helix Oilfield Services Ltd presents a mixed picture. Cash bank on hand increased dramatically, jumping 150% to £940,000—a very positive sign. However, net assets also rose by 8.5% to £1.5 million, and trade debtors decreased by a whopping 91%, which could indicate issues with customer payments. Creditors, however, decreased by 12%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the significant decrease in debtors is something to keep an eye on. With no auditor mentioned, the figures rely on unaudited statements.
The company’s loans from directors increased by 93% to £580,000, which could be a sign of investment or a reliance on personal funding. Overall, Helix Oilfield Services Ltd appears to be navigating a period of change, with some strong indicators of growth alongside some potential challenges.
Registered in Scotland under the registration number SC462632, with a registered address at AB10 1DQ, Scotland, Aberdeen, 2 Marischal Square, Broad Street.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 8 years
- 1
- 75%+
- 🇬🇧
Resident of United Kingdom
Managers
-
Individual
- 8 years
- 🇬🇧
Resident of United Kingdom
-
Individual
- 11 years
- 🇬🇧
Resident of United Kingdom
Last reports
The latest confirmation statement submitted five months ago.
Last news
-
Registration of charge SC4626320002, created on 2025-05-15Download 5 pages pdf report
-
Confirmation statement made on 2024-10-30 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2023-10-31Download 8 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Helix Oilfield Services Ltd
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