Oil Salvage Limited

Oil Salvage Limited, based in Liverpool, UK, is a substantial player in the waste oil treatment sector, operating as a holding company with a 40-year history. Employing 91 people and boasting assets of £12.8 million, the company generates an annual revenue of £26.5 million. While it has a registered address, 55 other companies share this location, raising questions about its virtual nature. The business is overseen by five directors and has one owner. It currently holds a perfect 5.0-star rating on Google based on 43 reviews.

The company’s core business revolves around the acquisition, refinement, and sale of oil, with a particular focus on waste oil recycling. It operates a large refinery and provides services like wastewater treatment and base oil sales. A key aspect of its operations is the import of machinery, boilers, and mechanical appliances, with a consistent record of imports spanning 46 months.

Financially, Oil Salvage Limited has experienced some shifts. Accrued income increased by 42%, while accrued liabilities rose by 19%. However, cash and bank balances have significantly decreased by 39%, dropping to £5.1 million. Bank borrowings have also decreased considerably, from £140,000 to £42,000. Despite this, the company’s turnover has fallen by 22% to £26 million. The company’s net assets have also decreased by 21%, falling to £16 million.

The company’s directors are Vernon Vincent Robert, Vernon Linzi, Vernon James, Vernon Linzi, and Vernon Mitchel. The company’s auditor is Douglas Fairless Partnership. The decrease in cash reserves and turnover, alongside the increase in accrued liabilities, could indicate a period of investment or increased operating expenses. The company’s reliance on a virtual address and the fluctuating financial performance warrant closer observation, but its strong Google rating and established presence suggest a resilient business model.

Registered in England/Wales under the registration number 01857473, with a registered address at L3 5NW, Liverpool, Seymour Chambers, 92 London Road.

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