Vale Oils Ltd

Vale Oils Ltd, based in Devizes, UK, is a small, active company founded six years ago. Employing six people and holding £753,974 in assets, it operates from a virtual address shared by thirty-eight other companies, a detail that raises some questions. The company has three directors and two owners, and maintains an e-commerce site with a stellar 5.0 Google rating based on ninety-seven reviews. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with its last import activity recorded one month ago in June 2022.

The company’s website paints a picture of a local, independent heating oil supplier serving Devizes, Pewsey Vale, and Marlborough. It emphasizes competitive pricing, flexible delivery options, and a focus on customer service. Vale Oils also highlights its use of special additives in its fuel, designed to lower emissions and improve system efficiency. The site even features sections dedicated to supporting local charities, Wiltshire Air Ambulance and True Heroes Racing.

Financially, Vale Oils Ltd shows a mixed bag. While cash reserves increased by 53% to £460,000, net assets declined by 18% to £380,000. Trade creditors increased by 12% to £630,000, suggesting a reliance on credit. On the positive side, bank borrowings decreased slightly, and debtors decreased by 36%. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The lack of an auditor mentioned—likely due to its small size—means the financial data is unaudited. Plant machinery has seen a growth of 32%, which could be a sign of expansion.

Overall, Vale Oils Ltd seems to be holding its own, but the declining net assets and increasing creditors warrant a closer look. The company’s focus on local service and quality fuel, however, suggests a strong foundation for future growth.

Registered in England/Wales under the registration number 11849022, with a registered address at SN10 1HT, United Kingdom, Devizes, Wiltshire, 17 The Market Place.

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