Oil Salvage Limited in Liverpool, L3 5NW

Description

Data updated on: 01-11-2023

Oil Salvage Limited may be found at Seymour Chambers, 92 London Road in Liverpool. Its postal code is L3 5NW. Oil Salvage has been active on the British market for 40 years. Its reg. no. is 01857473. This business's SIC code is 19209 meaning Other treatment of petroleum products (excluding petrochemicals manufacture). December 31, 2022 is the last time the company accounts were filed.

Oil Salvage Ltd is a large-sized vehicle operator with the licence number OC0260352. The firm has one transport operating centre in the country. In their subsidiary in Bootle , 30 machines and 25 trailers are available.

Having six job advert since Wed, 20th Jan 2016, the corporation has been relatively active on the employment market. On Mon, 9th Apr 2018, it was recruiting candidates for a full time Hgv Mechanic position in Bootle, and on Wed, 20th Jan 2016, for the vacant position of a full time Box Van Driver Hgv Class 2 in Bootle. They look for applicants for such positions as: Tanker Driver Hgv Class 1, Tanker Driver Hgv Class 2 and After Sales Support Co-Ordinater.

1 transaction have been registered in 2015 with a sum total of £450. In 2014 there was a similar number of transactions (exactly 1) that added up to £600. The Council conducted 1 transaction in 2012, this added up to £435. All the transactions taken into account were valued at 500 pounds or more. In total, the company conducted 3 transactions and issued invoices for £1,485. Cooperation with the Cornwall Council council covered the following areas: 41104-equipment & Plant - Direct Purchase and 41109-r&m Of Plant & Equipment.

In order to satisfy its clients, this particular company is permanently being guided by a team of four directors who are, to mention just a few, James V., Mitchel V. and Linzi V.. Their constant collaboration has been of crucial use to this specific company since 1995. In order to find professional help with legal documentation, this company has been utilizing the skillset of Linzi V. as a secretary since 2000.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	2 638 316	2 319 708	3 732 958	656 575	3 641 219	4 027 264	8 402 764
Current Assets	6 531 636	7 994 918	7 622 709	7 062 209	7 717 509	9 162 934	15 331 305
Debtors	1 917 999	3 873 360	2 422 252	4 487 392	2 191 561	3 639 591	4 608 966
Net Assets Liabilities	6 560 912	7 701 387	9 814 629	11 347 320	10 610 018	12 560 713	20 420 222
Other Debtors		757 928
Property Plant Equipment	2 700 852	3 142 671	6 133 069	7 819 822	8 197 198	8 102 514	9 125 136
Total Inventories	1 975 321	1 801 850	1 467 499	1 918 242	1 884 729	1 496 079	2 319 575

Other Financial Data
Audit Fees Expenses	8 500	10 510	10 500	10 200	10 650	10 800	12 000
Other Non-audit Services Fees	6 426	5 430	5 769	4 251	7 205	13 870	13 868
Director Remuneration	562 102	582 117	593 407	593 436	579 001	579 268	587 149
Dividend Recommended By Directors		571 810	912 000	1 013 000	886 000	1 085 000	1 466 000
Number Directors Accruing Benefits Under Defined Benefit Scheme		4	4	4
Accrued Income	44 042	44 093	23 681	36 177	133 366	106 110	61 898
Accrued Liabilities	309 029	589 100	356 048	361 337	372 656	259 336	301 699
Accumulated Amortisation Impairment Intangible Assets	833	1 667	2 500	2 500	2 500	2 500
Accumulated Depreciation Impairment Property Plant Equipment	2 946 380	3 374 339	3 812 994	4 473 438	5 399 727	6 359 944	7 222 413
Administrative Expenses	2 635 910	3 412 658	4 024 773	3 971 588	4 356 239	5 151 566	5 388 147
Amortisation Expense Intangible Assets	833	834	833
Applicable Tax Rate	20	19	19	19	19	19	19
Average Number Employees During Period	69	61	68	72	79	90	91
Bank Borrowings Overdrafts	167 537	205 344		132 664	1 500 000	160 889	135 519
Bank Overdrafts	167 537	205 344		132 664	150 965	160 889	135 519
Capital Commitments		3 106 000	1 000 000				681 230
Cash Cash Equivalents Cash Flow Value	2 470 779	2 114 364	3 732 958	523 911	3 490 254	3 866 375	8 267 245
Cash Receipts From Government Grants	2	-1	3		1	-1
Comprehensive Income Expense	1 935 002	1 712 285	3 025 242	2 545 691	148 698	3 035 695	9 325 509
Corporation Tax Payable	471 987	401 208	539 817			624 026	470 623
Cost Sales	8 256 645	10 089 343	11 018 968	11 611 762	9 168 478	12 162 987	17 166 949
Creditors	2 263 327	3 034 578	3 459 886	2 851 840	1 500 000	3 816 704	2 500 056
Current Tax For Period	471 987	401 208	624 053	86 819		624 026	1 835 085
Depreciation Amortisation Expense	363 139	428 794	470 638	669 416	944 169	960 217	902 582
Depreciation Expense Property Plant Equipment	362 307	427 959	469 806	669 416	944 169	960 217	902 581
Disposals Decrease In Depreciation Impairment Property Plant Equipment			31 151	8 972	17 880		40 112
Disposals Property Plant Equipment			35 950	464 535	17 880		43 540
Dividend Per Share Final			150 000
Dividends Paid	572 930	571 810	912 000	1 013 000	886 000	1 085 000	1 466 000
Dividends Paid Classified As Financing Activities	-572 930	-571 810	-912 000	-1 013 000	-886 000	-1 085 000	-1 466 000
Dividends Paid On Shares		571 810	912 000	1 013 000	886 000	1 085 000	1 466 000
Dividends Paid On Shares Final		150 000	150 000
Dividends Paid On Shares Interim	572 930	571 810		150 000	150 000	150 000	150 000
Fixed Assets	2 702 519	3 143 504	6 133 069	7 819 822	8 197 198	8 102 514	9 125 136
Future Minimum Lease Payments Under Non-cancellable Operating Leases	150 498	69 667	264 067	269 900	269 900	269 900	201 097
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss		-110 301	38 673	1 959	-7 711	-46 121	75 635
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	6 541	361 020	436 868	-200 891	137 461	175 152	-137 877
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-234 751	-1 955 361	1 451 108	-1 526 942	1 919 533	-1 447 472	-1 131 833
Gain Loss On Disposal Assets Income Statement Subtotal	-8 093		-4 799	38 036			9 598
Gain Loss On Disposals Property Plant Equipment	-8 093		-4 799	38 036			9 598
Government Grants Payable	59 200	96 445	219 440	192 040	164 640	137 240	109 840
Gross Profit Loss	4 877 285	5 499 314	7 624 915	6 440 686	4 146 196	8 856 019	16 783 423
Income From Related Parties	84 000	84 000	337 500	172 000	180 000	300 000	240 000
Income Taxes Paid Refund Classified As Operating Activities	45 156	-471 987	-401 564	-853 753	625 017	-559	-1 561 470
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	1 916 986	-356 415	1 618 594	-3 209 047	2 966 343	376 121	4 400 870
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	240 101	-173 471	-334 351	450 743	-33 513	-388 650	823 496
Increase From Amortisation Charge For Year Intangible Assets		834	833
Increase From Depreciation Charge For Year Property Plant Equipment		427 959	469 806	669 416	944 169	960 217	902 581
Intangible Assets	1 667	833
Intangible Assets Gross Cost	2 500	2 500	2 500	2 500	2 500	2 500
Loans Owed To Related Parties	-85 538	-85 538	-1 085 538	-85 538	-85 538	-233 138	-30 524
Merchandise	1 975 321	1 801 850	1 467 499	1 918 242	1 884 729	1 496 079	2 319 575
Net Cash Flows From Used In Financing Activities	83 923	128 608	856 827	1 013 000	-614 000	2 585 000	2 466 000
Net Cash Flows From Used In Investing Activities	195 945	859 981	3 448 324	2 291 596	1 316 598	864 290	1 906 961
Net Cash Generated From Operations	-2 151 698	-1 104 161	-6 325 309	-949 302	-3 043 951	-3 826 029	-10 335 301
Net Cash Inflow Outflow From Operations Before Movements In Working Capital	583 923	56 799	45 827
Net Current Assets Liabilities	4 268 309	4 960 340	4 162 823	4 210 369	4 709 906	5 346 230	12 831 249
Net Interest Received Paid Classified As Investing Activities	-2 566	-9 797	-16 679	-26 538	-4 947	-1 243	-8 644
Number Shares Issued Fully Paid		100 000	100 000	100 000	100 000	100 000	100 000
Operating Profit Loss	2 248 775	2 096 238	3 627 542	2 496 498	9 274	3 749 483	11 535 523
Other Creditors	85 538	86 321			11 053	12 702
Other Deferred Tax Expense Credit	-16 870	-7 458	78 806	201 607	114 215	90 946	648 132
Other Interest Receivable Similar Income Finance Income	2 566	9 797	16 679	26 538	4 947	1 243	8 644
Other Operating Income Format1	7 400	12 361	27 400	27 400	219 317	93 058	140 247
Other Taxation Social Security Payable	87 048	67 818	75 860	77 556	90 868	99 085	103 906
Par Value Share		1	1	1	1	1	1
Pension Other Post-employment Benefit Costs Other Pension Costs	15 784	223 602	204 686	217 674	229 768	242 971	280 581
Prepayments	80 757	86 342	81 196	111 763	136 061	167 829	196 925
Profit Loss	1 796 224	1 712 285	3 025 242	2 545 691	148 698	3 035 695	9 325 509
Profit Loss On Ordinary Activities Before Tax	2 251 341	2 106 035	3 644 221	2 523 036	14 194	3 750 667	11 544 167
Property Plant Equipment Gross Cost	5 647 232	6 517 010	9 946 063	12 293 260	13 596 925	14 462 458	16 347 549
Provisions	409 916	402 457	481 263	682 871	797 086	888 031	1 536 163
Provisions For Liabilities Balance Sheet Subtotal	409 916	402 457	481 263	682 871	797 086	888 031	1 536 163
Purchase Intangible Assets	-2 500
Purchase Property Plant Equipment	-196 011	-869 778	-3 465 003	-2 811 733	-1 321 545	-865 533	-1 928 631
Social Security Costs	223 605	244 154	261 085	296 722	299 673	363 798	411 020
Staff Costs Employee Benefits Expense	2 332 967	2 744 048	2 938 588	3 305 430	3 385 954	4 036 284	4 329 233
Tax Expense Credit Applicable Tax Rate	450 268	405 349	692 402	479 377	2 697	712 627	2 193 392
Tax Increase Decrease From Effect Capital Allowances Depreciation	16 237	-9 969	-76 714	-221 418	-108 002	-92 169	-364 848
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	5 482	5 829	7 453	6 867	1 425	4 608	7 393
Tax Tax Credit On Profit Or Loss On Ordinary Activities	455 117	393 750	618 979	-22 655	-134 504	714 972	2 218 658
Total Additions Including From Business Combinations Property Plant Equipment		869 778	3 465 003	7 723 152	1 321 545	865 533	1 928 631
Total Assets Less Current Liabilities	6 970 828	8 103 844	10 295 892	12 030 191	12 907 104	13 448 744	21 956 385
Total Current Tax Expense Credit		401 208	540 173	-224 262	-248 719	624 026	1 570 526
Total Operating Lease Payments	58 259	10 731	19 075	835	607	12	2 671
Trade Creditors Trade Payables	292 254	361 843	945 034	453 227	806 169	1 407 902	1 336 544
Trade Debtors Trade Receivables	1 793 200	2 984 997	2 317 375	3 801 254	1 760 234	3 203 193	3 492 820
Turnover Revenue	13 133 930	15 585 878	18 643 883	18 052 448	13 314 674	21 019 006	33 950 372
Wages Salaries	2 093 578	2 276 292	2 472 817	2 791 034	2 856 513	3 429 515	3 637 632
Bank Borrowings					1 500 000
Corporation Tax Recoverable				538 198	161 900	162 459
Dividend Per Share Interim				150 000	150 000	150 000	150 000
Increase Decrease Due To Transfers Between Classes Property Plant Equipment				-4 911 420
Increase Decrease In Current Tax From Adjustment For Prior Periods				-311 083
Interest Expense On Bank Overdrafts					27	59
Interest Paid Classified As Operating Activities					-27	-59
Interest Payable Similar Charges Finance Costs					27	59
Loans Owed By Related Parties				97 000			390 462
Net Cash Flows From Used In Operating Activities			-5 923 745	-95 549	-3 668 941	-3 825 411	-8 773 831
Payments To Related Parties				485 000			1 455 420
Proceeds From Borrowings Classified As Financing Activities					-1 500 000
Proceeds From Sales Property Plant Equipment				-493 599			-13 026
Recoverable Value-added Tax							442 861
Repayments Borrowings Classified As Financing Activities						-1 500 000