Oil & Gas Systems Limited
02167775
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/12/2024
medium
Next accounts due
26/09/2026
Confirmation statement
Last: 08/01/2026
Due 22/01/2027
Industry
Officers
secretary · Since 28/09/2007
BRITISH · UNITED KINGDOM · Age 67
Also on 1 other board
Persons with Significant Control
Mr Jonathan David Lobo
British · United Arab Emirates · Age 53
Denmark House, St. Thomas Place, Ely, CB7 4EX
Notified 13/03/2025
Mrs Dharshinee Boodhunsing Bheenuck
Mauritian · United Arab Emirates · Age 40
Denmark House, St. Thomas Place, Ely, CB7 4EX
Notified 13/03/2025
Former PSCs
Ogh Limited
Ceased 08/04/2019
Mr Dominik Gebhard Risch
Ceased 13/03/2025
Mr Viktor Andreas Buechel
Ceased 17/05/2024
Charges3 outstanding
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3I PLC
CompanyRankvs 33+ SIC 26511 peers68
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£6.5M
Annual revenue
Net Worth
£6.3M
Balance sheet strength
Cash
£1.8M
Cash in the bank
Profit Before Tax
£254k
Bottom line earnings
Net Current Assets
£10.1M
Working capital
Current Assets
£12.5M
Current Liabilities
£2.4M
Fixed Assets
£129k
Debtors
£10.7M
Cost of Sales
£3.3M
Gross Profit
£3.2M
Admin Expenses
£3.0M
Profit After Tax
£254k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 5.11 | +£0 |
| 2024 | 5.11 | +£254k |
| 2023 | 4.56 | +£101k |
| 2022 | 1.77 | +£286k |
| 2021 | 1.78 | +£1.2M |
| 2020 | 2.23 | — |
Derived from filed accounts. Not audited figures.