Oil Plus Limited

Oil Plus Ltd, based in Berks, UK, is a small, family-run business with an active status, having been established 46 years ago. The company employs 13 people and holds assets totaling £2,671,704. With four directors and two owners, Oil Plus operates from a real address and is a regular exporter of optical and medical tools and devices (12 months), though it imports these items irregularly (1 month).

The company’s website reveals a focus on oilfield services, offering solutions for water management, production chemistry, microbiology, and specialized reservoir souring. They provide consultancy expertise and even offer disaster recovery for damaged pianos – a surprising diversification! The website highlights a commitment to global expertise and British craftsmanship.

Financially, Oil Plus Ltd presents a mixed picture. Current assets have decreased by 19% to £2,700,000, while net assets have fallen by a significant 30% to £1,100,000. Bank borrowings have dramatically reduced by 78% to £130,000, and cash reserves have also decreased. Trade debtors have increased substantially, suggesting potential issues with customer payments. Despite being a small company (meeting two of three criteria for small business status), the decline in equity and cash raises concerns. With no auditor mentioned, the financial statements are unaudited.

Overall, Oil Plus Ltd appears to be navigating a period of change. While its expertise in oilfield services remains strong, the financial figures suggest a need for careful management and possibly a re-evaluation of its diverse business ventures.

Registered in England/Wales under the registration number 01386979, with a registered address at RG14 5PX, Berks, Dominion House, Kennet Side, Newbury.

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