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Oilgear Towler Limited

00565938

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

37 BURLEY ROAD, LEEDS, LS3 1JT
Incorporated 10/05/1956

Compliance

Last accounts

30/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 13/01/2026

Due 27/01/2027

On track

Industry

28120
Manufacture of fluid power equipment

Officers

Mr Naimesh Tarunkumar Dave

director · Since 01/06/2019

DIRECTOR

AMERICAN · UNITED STATES · Age 50

Also on 3 other boards

Mr Matthew Fangman

director · Since 30/09/2019

FINANCIAL DIRECTOR

AMERICAN · UNITED STATES · Age 51

Also on 1 other board

Persons with Significant Control

Oilgear European Holdings Ltd

75–100% shares

37, Burley Road, Leeds, LS3 1JT

Reg: 06119895 · Companies House · Limted Company

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

MSD ADMIN SERVICES, LLC

Created 19/02/2025Registered 25/02/2025
Charge
outstanding

JPMORGAN CHASE BANK, N.A. AS TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE INSTRUMENT)

Created 19/02/2025Registered 25/02/2025
Charge
satisfied

JPMORGAN CHASE BANK, N.A., AS TRUSTEE FOR THE SECURED PARTIES (AS DEFINED IN THE INSTRUMENT).

Created 09/03/2022Registered 15/03/2022Satisfied 13/02/2025
Charge
satisfied

PNC BANK, NATIONAL ASSOCIATION

Created 27/03/2018Registered 29/03/2018Satisfied 31/01/2022
Charge
satisfied

PNC BANK, NATIONAL ASSOCIATION

Created 27/03/2018Registered 29/03/2018Satisfied 31/01/2022
charge
satisfied

JP MORGAN CHASE BANK N.A. (AS AGENT AND TRUSTEE OF THE FINANCE PARTIES) (THE ADMINISTRATIVEAGEN

Created 15/12/2006Registered 20/12/2006Satisfied 31/03/2018
charge
satisfied

JP MORGAN CHASE BANK N.A. (FOR ITSELF AND IN ITS CAPACITY AS ADMINISTRATIVE AGENT FOR THELENDER

Created 15/12/2006Registered 20/12/2006Satisfied 31/03/2018
charge
satisfied

BARCLAYS BANK PLC

Created 08/09/2006Registered 12/09/2006Satisfied 22/12/2011
charge
satisfied

VENTURE FINANCE PLC

Created 09/02/2005Registered 16/02/2005Satisfied 06/01/2007
charge
satisfied

VENTURE FINANCE PLC

Created 08/02/2005Registered 09/02/2005Satisfied 06/01/2007
charge
satisfied

BARCLAYS BANK PLC

Created 16/02/1995Registered 27/02/1995Satisfied 10/06/2006
charge
satisfied

BARCLAYS BANK PLC

Created 21/01/1986Registered 05/02/1986Satisfied 10/06/2006
charge
satisfied

BARCLAYS BANK PLC

Created 04/09/1985Registered 12/09/1985Satisfied 10/06/2006
charge
satisfied

BARCLAYS BANK PLC

Created 04/09/1985Registered 12/09/1985Satisfied 23/11/2006
charge
satisfied

THE COMMERCIAL UNION ASSURANCE CO LTD

Created 28/03/1969Registered 11/04/1969Satisfied 18/11/2004

CompanyRankvs 39+ SIC 28120 peers
56

Financial strength77th percentile among SIC peers · 19/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.13× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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89
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89
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88
6Wandfluh Uk Limited
88
7Wye Cylinder Engineering Limited
88
8Micro-Mesh Engineering Limited
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9East Yorkshire Hydraulics Limited
86
10The Water Hydraulics Co. Ltd
86
39Oilgear Towler Limited
76
How is this score calculated?
Financial strength19/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

the date of approval of the financial statements. Based on the forecasts they have not identified any factors that would cast significant doubt about the ability of the company to continue as a going concern. Through the immediate holding company, Oilgear European Holdings Limited, the company has the support from the ultimate parent company, Texas Hydraulics Holdings, Inc. Texas Hydraulics Holdin

Key FinancialsYear ending 30/12/2024

Net Worth

£608k

Balance sheet strength

Cash

£103k

Cash in the bank

Net Current Assets

£621k

Working capital

Current Assets

£5.4M

Current Liabilities

£4.8M

Fixed Assets

£519k

Debtors

£3.6M

50avg. employees+17

Balance Sheet

Assets less current liabilities£1.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.13-£189k
20231.21+£315k
20221.33+£1.8M
20201.93—

Derived from filed accounts. Not audited figures.