Optimoil Ltd

Optimoil Ltd from Chester UK is a small holding company with an active status, founded four years ago. It employs three people and holds £855,658 in assets, operating from a virtual address. The company has one director and two owners, and regularly imports mineral fuels, oils, and related products—a trend spanning 14 months with the most recent import in January 2025.

The company’s website reveals a focus on manufacturing specialist lubricants and grease, aiming to maximise uptime and productivity. It offers a wide range of oils, including engine oil, hydraulic oil, and gear oil, catering to various industries. It even has a showroom in Harrods, London. The website highlights next-day delivery, dedicated account managers, and quality assurance, suggesting a customer-focused approach.

Financially, Optimoil Ltd presents a mixed picture. While current assets increased by 100% to £840,000, net assets only increased by 7.7% to £140,000. Bank borrowings increased by 100% to £65,000, and cash reserves fell by 490% to £220,000. Creditors increased by 110% to £770,000. 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 rise in creditors and the decrease in cash reserves could indicate a need for careful financial management. No auditor is mentioned, likely due to its status as a small company. The increase in average employees from three to six is a notable trend, suggesting expansion or increased workload.

Registered in England/Wales under the registration number 12838102, with a registered address at CH1 2DS, United Kingdom, Chester, Cheshire, Military House, 24 Castle Street.

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