Oldham Solid Fuels Ltd

Oldham Solid Fuels Ltd, based in Milnrow, UK, is a small, active company founded 20 years ago. With £108,196 in assets and a virtual address shared by 42 other companies, it’s a tight-knit operation run by two directors and three owners, including a solo founder. The company boasts a perfect 5.0 Google rating from 10 reviews. It’s a regular importer of wood and wood products, with recent activity recorded in February 2025.

The company operates in the wholesale of other fuels and related products, serving a niche market. While no website is available, its business profile suggests a focus on fuel distribution. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the shared address raises questions about its physical presence.

Financially, Oldham Solid Fuels Ltd shows a mixed picture. Current assets increased by 34% to £110,000, while cash bank on hand saw a significant jump of 45% to £86,000. However, accrued liabilities doubled to £12,000, and creditors increased by 56% to £46,000. Trade debtors, however, completely vanished, dropping 100% to zero. The company’s bank borrowings increased by a staggering 2,400% to £29,000. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial health appears to be in transition. While asset growth and cash reserves are positive signs, the increase in liabilities and the sudden disappearance of debtors suggest potential challenges. The company's growth is being fueled by increased borrowing, which could be a risky strategy. It's a small company with a good reputation, but it's important to monitor its financial performance closely.

Registered in England/Wales under the registration number 05421472, with a registered address at OL16 3QF, United Kingdom, Milnrow, Lancashire, Corner House, 28 Huddersfield Road.

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