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Optimoil Ltd

12838102

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

C/O CHRISTIAN DOUGLASS ACCOUNTANTS LIMITED 2 JORDAN STREET, MANCHESTER, M15 4PY
Incorporated 26/08/2020

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 15/05/2025

Due 29/05/2026

On track

Industry

71121
Engineering design activities for industrial process and production

Officers

Mr Lance Shaw

director · Since 26/08/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 37

Mr Robert Andrew Critchley

director · Since 27/05/2025

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 16 other boards

Persons with Significant Control

Mr Lance Shaw

25–50% shares
25–50% votes

British · United Kingdom · Age 37

C/O Christian Douglass Accountants Limited, 2 Jordan Street, Manchester, M15 4PY

Notified 26/08/2020

Millbridge Investment Co. Ltd

25–50% shares
25–50% votes

C/O Saffery Llp St Catherine's Court, Berkeley Place, Bristol, BS8 1BQ

Reg: 13398189 · England And Wales · Limited

Notified 01/08/2024

Former PSCs

Mr Stefan Shaw

Ceased 09/08/2023

CompanyRankvs 6225+ SIC 71121 peers
42

Financial strength5th percentile among SIC peers · 1/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.93× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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6225Optimoil Ltd
37
How is this score calculated?
Financial strength1/25 pts

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

Employees14/15 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.

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.

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

-£27k

Balance sheet strength

Cash

£118k

Cash in the bank

Net Current Assets

-£91k

Working capital

Current Assets

£1.2M

Current Liabilities

£1.3M

Fixed Assets

£98k

Debtors

£382k

9avg. employees+3

Balance Sheet

Intangible assets£44k
Assets less current liabilities£7k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.93-£170k
20231.11+£10k
20221.14+£55k
20210.95+£70k
20200.62—

Derived from filed accounts. Not audited figures.