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Oiltech Bearings Ltd

11479581

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

UNIT 3 BROWNS PARK BRUNSWICK INDUSTRIAL ESTATE, NEWCASTLE UPON TYNE, NE13 7GD
Incorporated 24/07/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28150
Manufacture of bearings, gears, gearing and driving elements

Officers

Mr Patrick Chester

secretary · Since 24/07/2018

Mr Patrick Charles Chester

director · Since 24/07/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 9 other boards

Dr Keith Ian Chester

director · Since 01/02/2020

METALLURGIST

BRITISH · UNITED KINGDOM · Age 79

Also on 9 other boards

Persons with Significant Control

Mr Paul Harris

25–50% shares
25–50% votes

British · United Kingdom · Age 57

3, Tudor Terrace, Consett, DH8 5EL

Notified 24/07/2018

Mr Patrick Charles Chester

50–75% shares
ownership-of-shares-50-to-75-percent-as-firm
50–75% votes
voting-rights-50-to-75-percent-as-firm
Appoint directors

British · United Kingdom · Age 46

10, Leland Place, Morpeth, NE61 2AN

Notified 24/07/2018

Dr Keith Ian Chester

25–50% shares
25–50% votes

British · United Kingdom · Age 79

Unit 3 Browns Park, Brunswick Industrial Estate, Newcastle Upon Tyne, NE13 7GD

Notified 01/02/2020

Mrs Gillian Harris

25–50% shares

British · United Kingdom · Age 64

3, Tudor Terrace, Consett, DH8 5EL

Notified 25/03/2023

CompanyRankvs 122+ SIC 28150 peers
49

Financial strength33th percentile among SIC peers · 8/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.8× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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122Oiltech Bearings Ltd
44
How is this score calculated?
Financial strength8/25 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.

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.

Longevity8/15 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

£4k

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

-£31k

Working capital

Current Assets

£125k

Current Liabilities

£156k

Fixed Assets

£47k

Debtors

£99k

9avg. employees+3

Balance Sheet

Assets less current liabilities£16k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.80-£3k
20230.76-£29k
20221.08+£4k
20210.93+£7k
20200.91+£19k
20190.83—

Derived from filed accounts. Not audited figures.