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Oilquip Limited

06311643

active
Private Limited Company
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

6A/B THROCKLEY WAY, SOUTH SHIELDS, NE34 0NU
Incorporated 13/07/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Glenn David English

director · Since 09/09/2008

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Mr Richard Small

director · Since 04/12/2018

OPERATIONS DIRECTOR

BRITISH · UNITED KINGDOM · Age 39

Persons with Significant Control

Mr Glenn David English

25–50% shares
25–50% votes

British · England · Age 51

6a/B, Throckley Way, South Shields, NE34 0NU

Notified 14/07/2016

Mr Mark Turnbull

25–50% shares
25–50% votes

British · United Kingdom · Age 65

30, Long Row, South Shields, NE33 1JA

Notified 13/12/2023

Charges4 outstanding

Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 17/07/2018Registered 19/07/2018
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 17/07/2018Registered 19/07/2018
Charge
satisfied

BIBBY FINANCIAL SERVICES (AS SECURITY TRUSTEE)

Created 04/03/2016Registered 09/03/2016Satisfied 14/06/2018
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 03/11/2010Registered 10/11/2010
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 23/08/2010Registered 26/08/2010

CompanyRankvs 3972+ SIC 25990 peers
46

Financial strength47th percentile among SIC peers · 12/25
Employees53th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.66× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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3972Oilquip Limited
52
How is this score calculated?
Financial strength12/25 pts

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

Employees8/15 pts

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

Liquidity6/20 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 31/03/2025

Net Worth

£25k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£144k

Working capital

Current Assets

£285k

Current Liabilities

£429k

Fixed Assets

£319k

Debtors

£152k

3avg. employees-1
Prepared with v2025.83.1 limited_company_frs_102_section_1a_v1_1_3 companies_house

EstimatesDerived

YearCurrent RatioImplied Profit
20250.66+£5k
20240.62+£2k
20230.61-£33k
20220.63+£4k
20210.59—

Derived from filed accounts. Not audited figures.