Razor Oiltools Limited

Razor Oiltools Ltd, based in Aberdeen, UK, is a small, active company founded four years ago. With 14 employees and £1,229,903 in assets, it’s a relatively modest operation led by a solo founder and three directors. The company operates from a virtual address, a detail that’s a bit unusual as 420 other companies are registered at the same location. It regularly imports machinery, boilers, and mechanical appliances, parts (with 6 months of import activity recorded as of June 2024), and exports optical and medical tools and devices (with 5 months of export activity recorded as of July 2024).

The company’s website is currently unavailable, so it’s difficult to determine the specifics of its online presence or e-commerce activities. However, it operates within the renting and leasing of other machinery, equipment and tangible goods n.e.c. industries.

A review of the company’s financial data reveals a mixed picture. While property plant equipment increased by 150%, current assets decreased by 7.6% to £1,200,000. Bank borrowings increased by 25%, reaching £34,000, and cash reserves fell 25% to £340,000. Creditors also increased by 4%, reaching £520,000. Despite these challenges, the company’s net assets grew by 50% to £2,200,000. The company meets two of three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to the company’s small size.

The increase in plant machinery and equipment suggests investment in the business, while the decrease in cash reserves and increase in bank borrowings may indicate a need for additional funding. The rise in creditors could be a result of increased purchasing activity, but it’s important to monitor this trend closely. Overall, Razor Oiltools Ltd appears to be navigating a period of growth and change, with both opportunities and challenges ahead.

Registered in Scotland under the registration number SC660477, with a registered address at AB10 1UT, Scotland, Aberdeen, 5 Carden Place.

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