Pioneer Oil Tools Limited

Pioneer Oil Tools Ltd from Arbroath UK: a small, active company founded 41 years ago, employs 32 people, and holds £4,842,953 in assets. With a real address and ten directors, but no officially listed owners, it’s a well-established, if somewhat opaque, operation. The company regularly imports machinery, boilers, and mechanical appliances – parts, with 4 months of import activity recorded, and exports the same, with a substantial 136 months of export activity.

The company operates in the manufacture of other machine tools industries. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The registered address is DD11 3RD, Arbroath, Sir William Smith Road, Kirkton Industrial Estate, and the company has been audited.

Financially, Pioneer Oil Tools Ltd shows some concerning trends. Accrued liabilities and deferred income rose by 22%, while property, plant, and equipment decreased by 7%, and cash bank on hand fell by 13%. The company's net assets increased by 10% to £5,100,000, but trade debtors increased significantly by 240%, which could indicate difficulties in collecting payments. A sharp rise in corporation tax payable, from zero to £93,000, suggests a profitable year, but also increased tax obligations.

The company’s website is not available, so it’s difficult to assess its online presence or e-commerce activities. It’s unclear if the company has a website or is solely focused on business-to-business operations.

The company’s financial results are audited by Findlays Audit Limited. While the company has shown growth in assets, the increase in debtors and the rise in tax payable warrant careful monitoring. It seems the company is holding steady, but the financial figures suggest some challenges ahead.

Registered in Scotland under the registration number SC083996, with a registered address at DD11 3RD, Arbroath, Sir William Smith Road, Kirkton Industrial Estate.

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