Oilcare Ltd

Oilcare Ltd, based in Mansfield, UK, is a small, family-run business with an active status. Founded sixteen years ago in 2008, the company employs just two people and holds £841,826 in assets. It operates from a real address and is overseen by two directors and two owners. Oilcare Ltd regularly imports and exports machinery, boilers, and mechanical appliances, parts—with 76 months of import activity and 14 months of export activity recorded.

The company’s website reveals a focus on oil contamination control for industrial machinery. It provides services like oil analysis, electrostatic liquid cleaning, and desiccant breathers, catering to industries like power generation, manufacturing, and industrial transformers. They also distribute products from brands like DesCase and RMF. The website’s professional design and detailed product descriptions suggest a business targeting a specialized market.

Financially, Oilcare Ltd’s report shows some interesting trends. While cash bank holdings increased by 6.5% to £710,000, net assets grew by 8% to £760,000. However, trade debtors decreased by 10% to £61,000, and creditors dropped significantly by 17% to £79,000. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the decrease in debtors might indicate slower customer payments. Plant Machinery Depreciation Impairment has also decreased, which could mean less investment in new equipment. With no auditor mentioned, the figures are unaudited.

Overall, Oilcare Ltd appears to be a stable, specialized business. Its focus on oil contamination control and its strong online presence suggest a niche market strategy. While the financials show some fluctuations, the company’s assets and cash holdings indicate a healthy position—though it’s important to monitor the trend in debtors closely.

Registered in England/Wales under the registration number 06698810, with a registered address at NG19 9BG, England, Mansfield, Nottinghamshire, 9 Millway Old Mill Lane Industrial Estate, Mansfield Woodhouse.

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