Oilmet Ltd

Oilmet Ltd from Bathgate UK: a small, active company founded eleven years ago, employs four people, and holds £11,829,116 in assets. It's a family business with one director and two owners, operating from a real address. The company regularly imports iron or steel products, with activity spanning ten months, the last operation occurring in February 2025.

Oilmet Ltd’s primary focus is sourcing and manufacturing components for the oil, gas, and alternative energy sectors. The company acts as a bridge between Chinese manufacturers and Western clients, providing direct access to low-cost manufacturing through its parent facility, LYGM Subsea Oil Equipment. Services include managing the sourcing cycle, providing inspection services, and offering expertise in areas like fabrications, castings, and machined parts. The website details a focus on subsea forgings, but also extends to other manufactured parts. It even has a gallery section showcasing its work.

Financially, Oilmet Ltd presents a mixed picture. While current assets decreased by 10% to £12 million, investments in fixed assets surged by an impressive 2,600%, reaching £1.1 million. Cash reserves also decreased by 14% to £4.5 million. Trade debtors decreased by 7.2% to £7.1 million, and creditors decreased by 13% to £550,000. The company’s size qualifies it as small, meeting two of three criteria. Despite the decline in cash, the significant increase in fixed assets suggests investment in the business. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Oilmet Ltd appears to be navigating a period of investment and change. While cash reserves have dipped, the company's focus on specialized manufacturing and its established relationships with Chinese partners could position it for continued growth—though keeping a close eye on cash flow will be important.

Registered in Scotland under the registration number SC477791, with a registered address at EH48 4EU, Scotland, Bathgate, West Lothian, 50 (2nd Fl) Hopetoun Street.

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