Northern Oils Scotland Ltd

Northern Oils Scotland Ltd, based in Chesterfield, UK, is a small, active company founded eight years ago in 2016. Employing seven people and holding £1,246,754 in assets, it operates from a real address within the Bolsover Business Park. With four directors and one owner, the company boasts a perfect 5.0 Google rating based on two reviews. It’s an irregular importer, primarily dealing in textile products, sets, used clothing, and rags, with the last import operation occurring one month ago.

The company’s website reveals a focus on lubricating oils, AdBlue, and fuel supply, positioning itself as Scotland's premier lubricant brand. It caters to various industries, offering its own Goldline lubricant range alongside other major brands, and providing services like oil sampling and disposal. The website also highlights its distribution network using its own fleet of vehicles, ranging from HGVs to smaller commercial vehicles, allowing it to meet individual customer needs. It’s clear that the company operates a wholesale business, with a focus on petroleum and petroleum products.

Financially, Northern Oils Scotland Ltd shows a mixed picture. While cash reserves increased by 44% to £23,000, current assets decreased by 6% to £1,200,000. Trade debtors have fallen by a significant 25% to £590,000, which could be a positive sign of improved collection rates, but creditors have also decreased by 18%, suggesting a possible need for increased credit terms. Bank borrowings remain constant at £150,000. 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 decrease in equity by 48% to £850,000 is a notable trend. With no auditor mentioned, the figures are unaudited.

Overall, Northern Oils Scotland Ltd appears to be a stable, albeit small, business navigating the challenges of the wholesale market. Its focus on quality products and reliable service, combined with a strong online presence, should help it continue to serve its customers.

Registered in England/Wales under the registration number 10250833, with a registered address at S44 6BB, England, Chesterfield, 31-33 Intake Road, Bolsover Business Park, Bolsover.

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