Subveb Ltd

Subveb Ltd is a small, active company based in London, UK, established five years ago. It’s a limited company with a single employee, £5,339 in assets, and operates from a virtual address. The company is led by one director and owner, Sengonul Oral. It’s been incorporated since February 13, 2020, and operates in the wholesale of textiles, as well as retail sales via mail order and the internet.

The company's website, Subweb Oil and Gas Limited, reveals a different business entirely. It’s a Nigerian oil and gas servicing company located in Rivers State, specializing in diving, vessel supply, offshore construction, ROV operations, and manpower support. The site boasts 12 years of experience and emphasizes world-class subsea services, with a focus on safety and reliability. The company has a strong presence in the industry, offering a range of services from air saturation diving to project management. It even has an academy tab for training.

Financially, Subveb Ltd presents a mixed picture. Current assets have decreased by 16% to £5,300, while net assets have fallen by 37% to -£6,200. Bank overdrafts remain steady at £41, but cash reserves have increased by a substantial 140% to £2,000. Trade debtors have also increased significantly, up 200% to £830. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decline in equity is a cause for concern. Creditors have also increased slightly. It’s worth noting that the accounts are unaudited and rely on director-reported data, and there is no auditor mentioned.

Despite the financial pressures, Subweb Oil and Gas Limited appears to be a well-established player in the Nigerian oil and gas sector, with a focus on providing comprehensive services and training. The dual nature of the business—a small UK-based textile company and a larger Nigerian oil and gas operation—raises questions about their interconnectedness and long-term sustainability.

Registered in England/Wales under the registration number 12462181, with a registered address at N3 2LN, England, London, 338a Regents Park Road Office 3 And 4.

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