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Oil Inventions Limited

00694132

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

LEAMORE CLOSE, BLOXWICH WALSALL, WS2 7NJ
Incorporated 01/06/1961

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

20590
Manufacture of other chemical products

Officers

Mr Paul Richard Spragg

director · Since 10/11/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 1 other board

Mrs Sherenne Cheryl Mills

director · Since 01/04/2025

BRITISH · UNITED KINGDOM · Age 57

Also on 1 other board

Mrs Sherenne Mills

secretary · Since 01/04/2026

Mr John Mclaughlin

director · Since 01/04/2026

BRITISH · ENGLAND · Age 64

Persons with Significant Control

Valzol Lubricants Limited

75–100% shares
75–100% votes
Appoint directors

Leamore Close, Leamore Enterprise Park, Walsall, WS2 7NJ

Reg: 05259171 · England · Company

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)

Created 20/03/2025Registered 21/03/2025
Charge
satisfied

ABN AMRO ASSET BASED FINANCE N.V.

Created 19/11/2021Registered 19/11/2021Satisfied 24/03/2025
charge
satisfied

VENTURE FINANCE PLC

Created 24/12/2004Registered 30/12/2004Satisfied 22/11/2021
charge
satisfied

MIDLAND BANK PLC

Created 29/02/1980Registered 05/03/1980Satisfied 06/07/2004
charge
satisfied

MIDLAND BANK PLC

Created 27/11/1978Registered 08/12/1978Satisfied 31/03/1994
charge
satisfied

MIDLAND BANK PLC

Created 27/11/1978Registered 08/12/1978Satisfied 31/03/1994
charge
satisfied

FORWARD TRUST (FINANCE) LTD

Created 24/12/1970Registered 07/01/1971Satisfied 31/03/1994
charge
satisfied

MIDLAND BANK PLC

Created 28/09/1970Registered 19/10/1970Satisfied 31/03/1994

CompanyRankvs 93+ SIC 20590 peers
72

Financial strength79th percentile among SIC peers · 20/25
Employees78th percentile among SIC peers · 12/15
LiquidityCurrent ratio 3.91× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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93Oil Inventions Limited
82
How is this score calculated?
Financial strength20/25 pts

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

Employees12/15 pts

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

Liquidity20/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/05/2025

Net Worth

£901k

Balance sheet strength

Cash

£15k

Cash in the bank

Net Current Assets

£877k

Working capital

Current Assets

£1.2M

Current Liabilities

£301k

Fixed Assets

£24k

Debtors

£997k

7avg. employees

Balance Sheet

Assets less current liabilities£902k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20253.91-£28k
20244.55-£10k
20234.11+£31k
20223.41+£59k
20213.27—

Derived from filed accounts. Not audited figures.