Olympic Oils Limited

Olympic Oils Ltd, based in Whiston, UK, is a large, holding company with an active status, having operated for 39 years. Employing 81 people and boasting assets of £18,574,788, it's a significant player in the oils and fats industry. The company, overseen by four directors and a single owner, maintains a real address and holds a respectable Google rating of 4.0 based on 54 reviews. It regularly imports and exports fats, oils, and waxes from various sources, with a history of 98 months of imports and 208 months of exports.

The company’s website is unavailable, making it impossible to determine if it operates an e-commerce platform. However, its core business revolves around the manufacture of oils and fats, as evidenced by its industry classification.

Financially, Olympic Oils Ltd presents a mixed picture. While turnover increased by 12%, reaching £8.2 million, net assets dropped 16% to £17 million. Cash reserves declined by 26%, settling at £6.5 million, while bank borrowings surged by 2,400% to £1.7 million. Creditors decreased by 29%, suggesting improved debt management. A significant increase in deferred tax liabilities (+110%) may indicate changes in tax planning strategies. Despite a slight decrease in administrative expenses (-7.9%), the company’s overall financial health appears to be under pressure. The company meets the criteria to be classified as large, having turnover more than £36 million, balance sheet total more than £18 million, and employees more than 250. Mitchell Charlesworth (Audit) Limited served as the auditor.

The trends suggest a period of adjustment, possibly due to fluctuating raw material costs or increased competition. The surge in bank borrowings could be linked to investments in equipment or expansion plans. It’s worth noting that the company's financial statements are audited, providing a degree of assurance regarding their accuracy.

Registered in England/Wales under the registration number 01946330, with a registered address at L35 1RZ, Whiston, Merseyside, Olympic Foods, Fallows Way.

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