Petrostrat Limited

Petrostrat Limited, a holding company based in Conwy, UK, has been active for 24 years, employing 127 people and holding assets valued at £3,750,038. The company, with a real address and nine directors but no listed owners, enjoys a perfect 5.0 Google rating from three reviews. It regularly imports miscellaneous manufactured goods (for six months) and exports optical and medical tools and devices (for eight months).

The company’s website highlights its role as a leading provider of subsurface geoscience consultancy, offering a comprehensive suite of integrated geological services to the global energy sector. Petrostrat’s services range from quantitative biostratigraphy to reservoir geology and real-time wellsite services, catering to both conventional and energy transition projects. The site also showcases a portfolio of studies and experiences across various regions worldwide.

Financially, Petrostrat Limited’s recent report reveals some interesting trends. Accumulated impairment for intangible assets, specifically goodwill, increased significantly by 44%, reaching £540,000. Depreciation on property, plant, and equipment also rose, with a 24% increase in computer equipment depreciation. Bank borrowings decreased by 22%, falling to £660,000, and cash bank on hand remained steady at £1,600. However, accrued liabilities deferred income jumped by 180%, reaching £210,000. Creditors also decreased by 19%, falling to £1.3 million.

The company’s net assets increased by 15%, reaching £3.8 million, while profit and loss increased by 75%, hitting £710,000. The increase in goodwill impairment could reflect changes in valuation or acquisition activity. The decrease in bank borrowings might suggest improved cash flow management or a shift in financing strategies. The increase in deferred income could be a result of increased sales on credit. Despite the positive trends in net assets and profit, the significant rise in accrued liabilities deferred income warrants further investigation. The report doesn’t mention an auditor, likely due to the company’s size, so the figures are unaudited.

Registered in England/Wales under the registration number 04185518, with a registered address at LL32 8FA, Conwy, Unit 8 Tan Y Graig, Parc Caer Seion.

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