Watson Oils Ltd

Watson Oils Ltd is a small, active company based in Swindon, UK, founded 11 years ago. With two employees and £434,120 in assets, it operates from a virtual address, managed by a single director and owner. While it’s an irregular importer of miscellaneous chemical products (just two months of import activity), it’s a regular exporter of soaps, cleaning products, and waxes, with 10 months of export data.

The company’s website reveals a broader scope: Watson Fuels, a supplier of heating oil, fuel cards, industrial lubricants, and EV charging solutions. It caters to home, farm, and business customers, offering services ranging from fuel delivery to tank monitoring and even boiler servicing. The website showcases a strong emphasis on sustainability, promoting renewable diesel and carbon offset solutions—a growing trend in the energy sector. It even has a section dedicated to EV charging solutions for businesses, reflecting the shift towards electric vehicles.

Financially, Watson Oils Ltd presents a mixed picture. Current assets have decreased by 22%, falling to £430,000, while net assets have plummeted by a staggering 1800%, landing at -£28,000. Bank borrowings have increased significantly by 62%, reaching £22,000, and cash reserves have vanished, dropping 99% to just £740. Creditors have decreased by 17%, suggesting improved debt management, but the dramatic decline in equity is concerning. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the substantial losses raise questions about its long-term viability. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company’s irregular import activity, coupled with the significant losses, suggests potential challenges in managing its supply chain or adapting to changing market conditions. The focus on sustainability, however, positions it well to capitalize on the growing demand for eco-friendly fuel solutions.

Registered in England/Wales under the registration number 08925193, with a registered address at SN1 4BG, England, Swindon, 29 Devizes Road.

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