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Rods Oils Limited

12602458

active
Private Limited Company
england wales
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

MIDLAND OIL REFINERY LTD, HALESOWEN, B63 3PN
Incorporated 14/05/2020

Compliance

Last accounts

31/07/2025

audit exemption subsidiary

Next accounts due

30/04/2027

On track

Confirmation statement

Last: 20/04/2026

Due 04/05/2027

On track

Industry

19209
Other treatment of petroleum products (excluding petrochemicals manufacture)

Officers

Mr Tye Shane Pearce Mcgrann

secretary · Since 03/07/2021

BRITISH · UNITED KINGDOM · Age 29

Also on 9 other boards

Mr Mark David Hayes

director · Since 17/03/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 5 other boards

Mr Richard Stephen Parry

director · Since 17/03/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Also on 5 other boards

Persons with Significant Control

Midland Oil Group Limited

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

Midland Oil Group Limited, Shelah Road, Halesowen, B63 3PN

Reg: 14649450 · Companies House · Private Company Limited By Shares

Notified 17/03/2023

Former PSCs

Mr Paul Ian Furness

Ceased 17/03/2023

Mr Arthur Rennie

Ceased 17/03/2023

Charges1 outstanding

Charge
outstanding

MITSUBISHI HC CAPITAL UK PLC

Created 16/05/2025Registered 16/05/2025
Charge
satisfied

CYNERGY BUSINESS FINANCE LIMITED

Created 17/03/2023Registered 17/03/2023Satisfied 13/11/2025
Charge
satisfied

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE AND YORKSHIRE BANK) (COMPANY NUMBER SC001111)

Created 11/08/2020Registered 11/08/2020Satisfied 25/10/2022

CompanyRankvs 25+ SIC 19209 peers
55

Financial strength80th percentile among SIC peers · 20/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.2× · 12/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity6/15 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 31/07/2023

Net Worth

£246k

Balance sheet strength

Cash

£24k

Cash in the bank

Net Current Assets

£162k

Working capital

Current Assets

£959k

Current Liabilities

£798k

Fixed Assets

£84k

Debtors

£935k

3avg. employees

Tax at Year End

Corp tax£30k
VAT£22k

Balance Sheet

Intangible assets£84k
Assets less current liabilities£246k
Signed by Mr R S Parry Mr M D Hayes 25/04/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20231.20-£29k£430k
20221.64£430k

Derived from filed accounts. Not audited figures.