Company Overview
Oeg Offshore Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 09 April 1985, so this is a well established company. Oeg Offshore Limited has been in business for 40 years and 11 months. The accounts status is audit exemption subsidiary and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Midmill Business Park, Kintore, Aberdeenshire, AB51 0QG
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Companies House Data
Company NameOEG OFFSHORE LIMITED
Company NumberSC092719
Registered Office AddressMidmill Business Park
 AB51 0QG
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date09/04/1985
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryAUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date02/01/2017
Returns Last Made Up Date05/12/2015
Previous Company NameChanged Date
VERTEC ENGINEERING LIMITED29 Jan 2010
Directors & Members
Show Resigned
John Heiton - Director
(British, 50 years old, born October 1976)
Appointed 04 June 2009
 Active
Thomas Murray - Director
(British, 59 years old, born December 1967)
Appointed 18 October 2024
 Active
Secretaries
Show Resigned
John Heiton - Secretary
(British)
Appointed 04 June 2009
 Active
Other Company Directorships
John Heiton
ARDEN HOLDINGS LIMITED
BLUE MANTA INTERNATIONAL LIMITED
DUNWILCO (1639) LIMITED
GEOSIGHT LTD
HARRAN LIMITED
HFG CORPORATE LIMITED
MODEX ASIA LIMITED
MODEX CONTAINERS LIMITED
MODEX ENERGY RENTALS LLC
MODEX SINGAPORE PTE. LTD.
OEG CABLES LIMITED
OEG CASPIAN LIMITED
OEG FINANCE PLC
OEG GENISTA LIMITED
OEG GLOBAL LIMITED
OEG HEDGECO LIMITED
OEG MANAGEMENT PARTNERS LIMITED
OEG MIDCO 1 LIMITED
OEG MIDCO 2 LIMITED
OEG OFFSHORE TECHNOLOGY LIMITED
OEG OFFSHORE UK LIMITED
OEG PARENTCO LIMITED
OEG RENEWABLES BLADES LIMITED
OEG RENEWABLES LIMITED
OEG SUBSEA LIMITED
OEG TOPCO LIMITED
ONRG LIMITED
OSCA CASPIAN LIMITED
OSCA ENVIRONMENTAL SERVICES LIMITED
PEGASUS WELFARE SOLUTIONS LIMITED
PELAGIAN LTD.
SEA JET SYSTEMS LIMITED
STARSHIP TOPCO LIMITED
VERTEC ENGINEERING LIMITED
Thomas Murray
ARDEN HOLDINGS LIMITED
BLUE MANTA INTERNATIONAL LIMITED
GEOSIGHT LTD
HARRAN LIMITED
HFG CORPORATE LIMITED
OEG CABLES LIMITED
OEG CASPIAN LIMITED
OEG ENERGY GROUP LIMITED
OEG FINANCE PLC
OEG GENISTA LIMITED
OEG GLOBAL LIMITED
OEG HEDGECO LIMITED
OEG MARINE GROUP LIMITED
OEG MARINE LIMITED
OEG MIDCO 1 LIMITED
OEG MIDCO 2 LIMITED
OEG OFFSHORE GROUP LIMITED
OEG OFFSHORE TECHNOLOGY LIMITED
OEG OFFSHORE UK LIMITED
OEG PARENTCO LIMITED
OEG RENEWABLES BLADES LIMITED
OEG RENEWABLES GROUP LIMITED
OEG RENEWABLES LIMITED
OEG SUBSEA LIMITED
OEG TOPCO LIMITED
OEG TRAINING LIMITED
ONRG LIMITED
OPS GROUP HOLDINGS LTD
OPS TRAINING LTD
OPS WIND LTD
PEGASUS WELFARE SOLUTIONS LIMITED
PELAGIAN LTD.
RAPID JERSEY NO. 5 LIMITED
SEA JET SYSTEMS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2015 31-Dec-2014
Balance Sheet
Fixed Assets 40,444,000 40,444,000 36,802,000
Current Assets 9,788,000 9,788,000 14,705,000
Creditors Due Within One Year 1,587,000 1,587,000 37,474,000
Working Cap 8,201,000 8,201,000 -22,769,000
Total Assets Less Current Liabilities 48,645,000 48,645,000 14,033,000
Long-term Liabilities 34,323,000 34,323,000 0
Net Assets 14,322,000 14,322,000 14,033,000
Share Capital & Reserves
Share Cap 3,023,000 3,023,000 3,023,000
Profit & Loss Reserves 11,106,000 11,106,000 10,891,000
Other Reserves 193,000 193,000 119,000
Shareholders Funds 14,322,000 14,322,000 14,033,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2015 31-Dec-2014
Tangible Fixed Assets - - -
Fixed Assets 80.5% 80.5% 71.5%
Stocks Inventory 0.7% 0.7% 1.2%
Debtors 15.0% 15.0% 14.3%
Cash Bank In Hand 0.7% 0.7% 8.8%
Current Assets 19.5% 19.5% 28.5%
Creditors Due Within One Year 3.2% 3.2% 72.8%
Net Current Assets Liabilities 16.3% 16.3% -44.2%
Creditors Due After One Year 68.3% 68.3% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 28.5% 28.5% 27.2%
Called Up Share Capital 6.0% 6.0% 5.9%
Share Capital Allotted Called Up Paid 6.0% 6.0% 5.9%
Profit Loss Account Reserve 22.1% 22.1% 21.1%
Shareholder Funds 28.5% 28.5% 27.2%
Capital Employed - - -
Total Assets Less Current Liabilities 96.8% 96.8% 27.2%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2015 31-Dec-2014
Liquidity Ratio 6.2 6.2 0.4
Solvency Ratio 1.4 1.4 1.4
Reserves to Assets 0.2 0.2 0.2
Secured Creditors Unlock full report
Mortgages Charges 15
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 14
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2015 31-Dec-2014
Assets 50,232,000 50,232,000 51,507,000
Debt 35,910,000 35,910,000 37,474,000
Net Assets/Debt 14,322,000 14,322,000 14,033,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around AB51 0QG
No other companies found in the same location
Document Filings
Consolidated accounts of parent company for subsidiary company period ending 31/12/24
Audit exemption statement of guarantee by parent company for period ending 31/12/24
Notice of agreement to exemption from audit of accounts for period ending 31/12/24
Confirmation statement made on 20 April 2025 with no updates
Registration of charge SC0927190016, created on 15 November 2024
Appointment of Mr Thomas Anthony Murray as a director on 18 October 2024
Termination of appointment of Douglas Weir Fleming as a director on 18 October 2024
Satisfaction of charge SC0927190015 in full
Satisfaction of charge SC0927190014 in full
Consolidated accounts of parent company for subsidiary company period ending 31/12/23
Notice of agreement to exemption from audit of accounts for period ending 31/12/23
Audit exemption statement of guarantee by parent company for period ending 31/12/23
Confirmation statement made on 20 April 2024 with no updates
Resolutions
Memorandum and Articles of Association
Registration of charge SC0927190014, created on 15 December 2023
Registration of charge SC0927190015, created on 15 December 2023
Consolidated accounts of parent company for subsidiary company period ending 31/12/22
Notice of agreement to exemption from audit of accounts for period ending 31/12/22
Audit exemption statement of guarantee by parent company for period ending 31/12/22
Appointment of Mr Douglas Weir Fleming as a director on 24 November 2023
Confirmation statement made on 20 April 2023 with no updates
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