Johnston Oils Limited

Johnston Oils Limited, based in Edinburgh, UK, is a large, active company established 39 years ago. Employing 82 people and boasting assets of £18,840,492, it operates a real address and is led by five directors and one owner. The company runs an e-commerce site and is a irregular importer, primarily dealing with electrical machinery and equipment, with recent import activity recorded two months ago.

The company's core business involves wholesale of other fuels and related products, with a strong focus on heating oil, commercial fuels, and agricultural supplies. Johnston Oils caters to both individual customers and large national accounts, offering services like oil clubs, smart monitoring technology, and even HVO (Hydrotreated Vegetable Oil) options for reduced carbon emissions. The company’s website highlights its commitment to local service, experienced drivers, and community engagement, emphasizing its long-standing presence in the industry since 1965.

Financially, Johnston Oils shows a mixed picture. While net assets increased by 38%, reaching £5.8 million, cash reserves fell 10%, dropping to £1.8 million. Bank borrowings surged by 54%, reaching £310,000, and creditors rose by 0.85%, hitting £18 million. Despite these challenges, the company’s turnover remained stable at £150 million, and net loss decreased by 31%, reaching £2.6 million. The company’s auditor, Johnston Carmichael LLP, has issued an unqualified opinion.

The increase in bank borrowings and decrease in cash reserves could indicate increased investment in operations or a temporary cash flow issue. However, the stable turnover and decreased net loss suggest the company is navigating these challenges effectively. The company's continued focus on customer service and innovative solutions like HVO positions it well for future growth, despite the current financial pressures.

Registered in Scotland under the registration number SC097681, with a registered address at EH3 8BP, Scotland, Edinburgh, C/O Brodies Llp, 58 Morrison Street.

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