Oil Tank Replacement Services Limited

Oil Tank Replacement Services Limited, based in Market Rasen, UK, is a small, active company founded twenty years ago. With five employees and £399,359 in assets, it’s a well-established operation boasting a perfect 5.0 Google rating from 52 reviews. The company has three directors and one owner, Kevin Obrien, and regularly imports optical and medical tools and devices, with the latest import activity recorded three months ago.

The company’s website highlights its specialization in oil tank replacement and installation services, offering a 24-hour emergency call-out service. It’s a family-run business with over 50 years of combined experience, operating as an OFTEC-registered nationwide company. The website emphasizes reliability, quality, and customer care, offering free tank inspections, flexible finance plans, and up to a 12-year warranty. They also provide services like waste oil collection and tank recycling. The company’s website also mentions a showroom in Harrods, London.

Financially, Oil Tank Replacement Services Limited presents a mixed picture. Current assets have decreased by 17% to £400,000, and net assets have fallen by 9% to £390,000. Cash reserves also declined by 5% to £400,000. However, creditors have decreased by 81%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile. Bank borrowings increased by 420%, reaching £2,000. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s decline in employees from five to three, as reported in the financial data, is a notable change. While the company’s services appear well-regarded, the financial data suggests a period of adjustment, potentially linked to market conditions or operational changes.

Registered in England/Wales under the registration number 05165254, with a registered address at LN8 3AE, England, Market Rasen, 94 Gordon Field.

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