Refinery-supplies Limited

Refinery Supplies Ltd from Oldham UK is a small, holding company with an active status. Founded 37 years ago in 1987, it employs nine people and holds £455,671 in assets. The company has three directors and one owner, operating from a real address on the Chadderton Industrial Estate. It’s an irregular importer of iron or steel products (two months imported) but a regular exporter (ten months exported).

The company’s website is not available, making it difficult to determine the full scope of its operations. However, the company is involved in the manufacture of tanks, reservoirs, and containers of metal, as well as fabricated metal products and metal structures. It appears to be a fairly traditional, B2B operation rather than a direct-to-consumer e-commerce business.

Financially, Refinery Supplies Ltd shows a mixed picture. Current assets have dropped significantly by 62%, falling to £460,000, while net assets have increased by 6.6% to £220,000. Bank borrowings have vanished completely, a positive sign, while cash reserves have skyrocketed by an incredible 23,000% to £130,000. Creditors have decreased by 77%, suggesting improved debt management, and trade debtors have fallen by 74%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial drop in current assets is something to watch. The company is exempt from an audit, so the figures are unaudited.

The sharp increase in cash reserves, combined with a decrease in debt, suggests the company may have been able to secure a favorable financing arrangement or have experienced a surge in sales. However, the decrease in current assets and the significant drop in trade debtors could also indicate challenges in collecting payments or managing inventory. The company’s long history and active status suggest it’s a resilient business, but ongoing monitoring of its financial performance is warranted.

Registered in England/Wales under the registration number 02201980, with a registered address at M24 1SW, Oldham, Lancashire, Chadderton Industrial Estate, Greenside Way.

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