Oilfield Chemical Technology Limited

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oilfield chemical technology limited Company Information

Company Number

SC137703

Next Accounts

Jan 2026

Directors

David Brankling

Shareholders

j d ventures limited

Group Structure

View All

Industry

Other research and experimental development on natural sciences and engineering

Registered Address

blue square offices, 272 bath street, glasgow, G2 4JR

Website

http://octl.co.uk

oilfield chemical technology limited Estimated Valuation

£137.2k

Pomanda estimates the enterprise value of OILFIELD CHEMICAL TECHNOLOGY LIMITED at £137.2k based on a Turnover of £150.2k and 0.91x industry multiple (adjusted for size and gross margin).

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Oilfield Chemical Technology Limited is a live company located in glasgow, G2 4JR with a Companies House number of SC137703. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in April 1992, it's largest shareholder is j d ventures limited with a 100% stake. Oilfield Chemical Technology Limited is a mature, micro sized company, Pomanda has estimated its turnover at £150.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Oilfield Chemical Technology Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £150.2k, make it smaller than the average company (£4.3m)

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (7.5%)

EXPORT

Oilfield Chemical Technology Limited's latest turnover from April 2024 is estimated at £150.2 thousand and the company has net assets of -£77.8 thousand. According to their latest financial statements, Oilfield Chemical Technology Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2018	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	150,204	299,067	376,005	359,751	255,397	635,378	554,481	755,167	1,265,537	1,038,497	1,302,808	1,081,561	624,705
Other Income Or Grants
Cost Of Sales	107,360	217,072	285,460	263,595	184,798	459,450	407,351	552,738	940,941	741,518	981,750	860,101	475,393
Gross Profit	42,843	81,995	90,545	96,157	70,599	175,928	147,130	202,429	324,596	296,979	321,058	221,461	149,312
Admin Expenses	89,791	175,644	40,989	5,093	121,738	40,604	681,255	-545,964	203,686	242,185	229,537	115,840	149,600	-230,983
Operating Profit	-46,948	-93,649	49,556	91,064	-51,139	135,324	-534,125	748,393	120,910	54,794	91,521	105,621	-288	230,983
Interest Payable						1,169
Interest Receivable							212	625	578	881	595	107	261	199
Pre-Tax Profit	-46,948	-93,649	49,556	91,064	-51,139	134,156	-533,913	749,019	121,489	55,675	92,116	105,728	-27	231,182
Tax			-9,416	-17,302		-25,490		-149,804	-25,513	-12,805	-22,108	-27,489		-64,731
Profit After Tax	-46,948	-93,649	40,140	73,762	-51,139	108,666	-533,913	599,215	95,976	42,870	70,008	78,239	-27	166,451
Dividends Paid
Retained Profit	-46,948	-93,649	40,140	73,762	-51,139	108,666	-533,913	599,215	95,976	42,870	70,008	78,239	-27	166,451
Employee Costs	64,849	63,188	59,332	177,569	174,686	724,604	660,736	255,015	383,192	324,075	416,075	369,773	224,877
Number Of Employees	1	1	1	3	3	13	13	5	8	7	9	8	5
EBITDA*	-46,948	-93,649	49,556	91,064	-51,139	167,703	-511,489	774,058	147,097	75,485	110,190	119,120	12,659	244,004

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2018	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	11,024	12,753	53,912	68,613	80,721	130,260	150,751	171,093	159,682	162,549	138,829	115,385	80,957	75,380
Intangible Assets
Investments & Other
Debtors (Due After 1 year)							2,421	600,000
Total Fixed Assets	11,024	12,753	53,912	68,613	80,721	130,260	153,172	771,093	159,682	162,549	138,829	115,385	80,957	75,380
Stock & work in progress						43,262	47,896	58,102	48,290	44,998	44,970	43,604	38,622	35,348
Trade Debtors	61,746	150,030	186,994	141,602	73,395	209,507	146,890	268,883	453,903	344,548	361,780	365,794	210,947	256,681
Group Debtors						9,668
Misc Debtors					16,440	147,297	753,761
Cash						27	18,019	151,467	98,689	132,700	219,674	18,225	24,683	79,761
misc current assets
total current assets	61,746	150,030	186,994	141,602	89,835	452,103	966,566	478,452	600,882	522,246	626,424	427,623	274,252	371,790
total assets	72,770	162,783	240,906	210,215	170,556	582,363	1,119,738	1,249,545	760,564	684,795	765,253	543,008	355,209	447,170
Bank overdraft						35,954
Bank loan
Trade Creditors	149,204	192,469	176,943	186,392	221,695	80,226	75,683	166,604	280,220	301,195	419,006	266,292	169,705	266,830
Group/Directors Accounts						250,405	181,327				6,669	6,333	6,669
other short term finances
hp & lease commitments
other current liabilities						83,442	26,357
total current liabilities	149,204	192,469	176,943	186,392	221,695	462,606	283,367	166,604	280,220	301,195	425,675	272,625	176,374	266,830
loans
hp & lease commitments
Accruals and Deferred Income	1,400	1,200	1,200	1,200		12,559
other liabilities
provisions						10,091	316,552	29,209	25,827	25,059	23,907	24,720	11,411	12,889
total long term liabilities	1,400	1,200	1,200	1,200		10,091	316,552	29,209	25,827	25,059	23,907	24,720	11,411	12,889
total liabilities	150,604	193,669	178,143	187,592	221,695	472,697	599,919	195,813	306,047	326,254	449,582	297,345	187,785	279,719
net assets	-77,834	-30,886	62,763	22,623	-51,139	109,666	519,819	1,053,732	454,517	358,541	315,671	245,663	167,424	167,451
total shareholders funds	-77,834	-30,886	62,763	22,623	-51,139	109,666	519,819	1,053,732	454,517	358,541	315,671	245,663	167,424	167,451

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2018	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-46,948	-93,649	49,556	91,064	-51,139	135,324	-534,125	748,393	120,910	54,794	91,521	105,621	-288	230,983
Depreciation						32,379	22,636	25,665	26,187	20,691	18,669	13,499	12,947	13,021
Amortisation
Tax			-9,416	-17,302		-25,490		-149,804	-25,513	-12,805	-22,108	-27,489		-64,731
Stock						43,262	-10,206	9,812	3,292	28	1,366	4,982	3,274	35,348
Debtors	-88,284	-36,964	45,392	51,767	89,835	366,472	34,189	414,980	109,355	-17,232	-4,014	154,847	-45,734	256,681
Creditors	-43,265	15,526	-9,449	-35,303	221,695	80,226	-90,921	-113,616	-20,975	-117,811	152,714	96,587	-97,125	266,830
Accruals and Deferred Income	200			1,200		96,001	26,357
Deferred Taxes & Provisions						10,091	287,343	3,382	768	1,152	-813	13,309	-1,478	12,889
Cash flow from operations	-1,729	-41,159	-14,701	-12,108	80,721	-81,203	-312,693	89,228	-11,270	-36,775	242,631	41,698	-43,484	166,963
Investing Activities
capital expenditure	1,729	41,159	14,701	12,108	-80,721	-162,639	-2,294	-37,076	-23,320	-44,411	-42,113	-47,927	-18,524	-88,401
Change in Investments
cash flow from investments	1,729	41,159	14,701	12,108	-80,721	-162,639	-2,294	-37,076	-23,320	-44,411	-42,113	-47,927	-18,524	-88,401
Financing Activities
Bank loans
Group/Directors Accounts						250,405	181,327			-6,669	336	-336	6,669
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue						1,000								1,000
interest						-1,169	212	625	578	881	595	107	261	199
cash flow from financing						250,236	181,539	625	578	-5,788	931	-229	6,930	1,199
cash and cash equivalents
cash						27	-133,448	52,778	-34,011	-86,974	201,449	-6,458	-55,078	79,761
overdraft						35,954
change in cash						-35,927	-133,448	52,778	-34,011	-86,974	201,449	-6,458	-55,078	79,761

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OILFIELD CHEMICAL TECHNOLOGY LIMITED group structure

Oilfield Chemical Technology Limited has no subsidiary companies.

Ultimate parent company

JD VENTURES LIMITED

SC166515

1 parent

OILFIELD CHEMICAL TECHNOLOGY LIMITED

SC137703

OILFIELD CHEMICAL TECHNOLOGY LIMITED Shareholders

j d ventures limited

100%

Oilfield Chemical Technology Limited currently has 1 director, Mr David Brankling serving since Apr 1992.

officer	country	age	start	end	role
Mr David Brankling	United Kingdom	68 years	Apr 1992	-	Director

P&L

April 2024

turnover

150.2k

-50%

operating profit

-46.9k

gross margin

28.6%

+4.04%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2024

net assets

-77.8k

+1.52%

total assets

72.8k

-0.55%

cash

net assets

Total assets minus all liabilities

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company number

SC137703

Type

Private limited with Share Capital

industry

72190 - Other research and experimental development on natural sciences and engineering

incorporation date

April 1992

ultimate parent company

JD VENTURES LIMITED

previous names

N/A

address

blue square offices, 272 bath street, glasgow, G2 4JR

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 4 charges/mortgages relating to oilfield chemical technology limited. Currently there are 2 open charges and 2 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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oilfield chemical technology limited Company Information

oilfield chemical technology limited Estimated Valuation

oilfield chemical technology limited Estimated Valuation

oilfield chemical technology limited Estimated Valuation

Oilfield Chemical Technology Limited Overview

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OILFIELD CHEMICAL TECHNOLOGY LIMITED financials

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