Oilfast Limited

Oilfast Limited, based in Motherwell, UK, is a holding company with an active status, established eleven years ago. The company employs 239 people and holds assets valued at £24,380,578. It boasts a perfect 5.0 Google rating from 61 reviews, indicating strong customer satisfaction. Seven directors and two owners guide the business, which operates in the maintenance and repair of motor vehicles, and the wholesale of other fuels and related products. Regular importer of electrical machinery and equipment, with 21 months of import activity recorded.

The company’s website highlights a broad range of fuel and lubricant solutions for both homes and businesses. It operates a network of local depots across Scotland, providing services like heating oil delivery, AdBlue supply, and lubricant sales. The site also showcases a range of associated products, including tanks, fuel cards, and even emergency diesel services. The business caters to various industries, including agriculture, construction, haulage, and marine, offering a diverse portfolio of products and services.

Financially, Oilfast Limited’s recent report reveals some interesting trends. Accumulated amortisation impairment intangible assets increased by 15%, while accumulated depreciation impairment property plant equipment rose significantly by 31%. Cash bank on hand saw a dramatic increase of 540%, reaching £6.4 million. However, net losses deepened to -£220,000, and bank borrowings dropped to zero. Creditors decreased by 8.2%, suggesting improved debt management. Despite a decrease in turnover, the company’s assets remain substantial, and the strong cash position indicates a degree of financial resilience. The company’s auditor, Xeinadin Audit Limited, has given a clean audit opinion.

Overall, Oilfast Limited appears to be a well-established and reputable business with a strong market presence. While the company faces challenges in profitability, its robust asset base and efficient operations suggest a potential for future growth. The company's focus on customer service and its diverse product offerings position it well to navigate the competitive fuel and lubricant market.

Registered in Scotland under the registration number SC453328, with a registered address at ML1 3TF, Scotland, Motherwell, Fuel Depot, Nethan Street.

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