Oil Facilities Limited
06360712
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 04/09/2025
Due 18/09/2026
Industry
Officers
director · Since 27/08/2018
TECHNICAL DIRECTOR
WELSH · WALES · Age 62
Also on 4 other boards
Persons with Significant Control
Mr Timothy Arthur Griffin
Welsh · Wales · Age 66
Unit 34, Vale Business Park, Cowbridge, CF71 7PF
Notified 01/06/2016
Mr Mark Adrian Griffin
Welsh · Wales · Age 62
Unit 34, Vale Business Park, Cowbridge, CF71 7PF
Notified 01/06/2016
Mrs Julie Griffin
Welsh · Wales · Age 59
Channel View, Wick Road, Llantwit Major, CF61 1YU
Notified 01/06/2016
Mrs Rowena Jones Griffin
Welsh · Wales · Age 70
18 Darren Close, Darren Close, Cowbridge, CF71 7DE
Notified 01/06/2016
Charges1 outstanding
HSBC UK BANK PLC
BRIDGEND COUNTY BOROUGH COUNCIL
CompanyRankvs 1447+ SIC 39000 peers31
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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
and measures to reduce overheads. While the directors are confident in a return to profitability over the medium term, material uncertainties remain regarding the company's ability to continue as a going concern. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Re
Key FinancialsYear ending 31/03/2024
Net Worth
-£222k
Balance sheet strength
Cash
£44k
Cash in the bank
Net Current Assets
-£82k
Working capital
Current Assets
£373k
Current Liabilities
£454k
Fixed Assets
£55k
Debtors
£325k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.82 | -£301k |
| 2023 | 2.01 | -£21k |
| 2021 | 1.22 | +£49k |
| 2020 | 1.09 | — |
Derived from filed accounts. Not audited figures.