Moorhouse Petroleum Limited

Moorhouse Petroleum Limited, based in Bridlington, UK, is a small, active family business established 30 years ago. With six employees and £700,260 in assets, the company operates from a real address and is managed by three directors and owners. Boasting a perfect 5.0 Google rating from a single review, Moorhouse Petroleum is a regular importer of iron or steel products, with the last import operation occurring three months ago.

The company's website highlights its role as a UK onshore well drilling project management, engineering, and consultancy firm. It specializes in deep well drilling projects, offering services like project management, well services, expert witness testimony, and logistical support. The site also promotes a separate venture, Moorhouse Drilling and Completions, which focuses on land drilling operations and even has a presence in London’s Harrods. The website’s extensive services section and "latest news" updates suggest an active engagement with the industry.

Financially, Moorhouse Petroleum shows some concerning trends. Current assets have decreased by 20%, dropping to £700,000, while net assets have fallen by 6.5% to £3,100,000. Bank borrowings have completely disappeared, a positive sign, but cash reserves have also declined by 47% to £220,000. Creditors have decreased by 9.4%, suggesting improved debt management. The company’s size (meeting two of three conditions for small company status) allows for flexibility, but the drop in equity warrants attention. No auditor is mentioned, likely due to the small company exemption.

Overall, Moorhouse Petroleum appears to be navigating a period of financial adjustment. While its services are well-defined and its reputation seems strong, the decrease in assets and cash reserves suggests a need for careful management and a focus on maintaining profitability.

Registered in England/Wales under the registration number 02967598, with a registered address at YO16 4SJ, Bridlington, North Humberside, Moor House Bessingby Way, Bessingby Industrial Estate.

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