Company Overview
Black Gold Oil Tools Limited is a Dissolved Private Limited Company.
Registered Address

Forvis Mazars Llp, Restructuring Services Capital Square, 58 Morrison Street, Edinburgh, EH3 8BP
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Companies House Data
Company NameBLACK GOLD OIL TOOLS LIMITED
Company NumberSC055675
Registered Office AddressForvis Mazars Llp, Restructuring Services Capital Square
 58 Morrison Street
 EH3 8BP
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date06/05/1974
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date31/12/2022
Accounts Last Made Up Date31/12/2020
Accounts Account CategoryFULL
Returns Next Due Date03/01/2017
Returns Last Made Up Date06/12/2015
Directors & Members
Show Resigned
David Scalley - Director
(British, 57 years old, born September 1969)
Appointed 10 January 2019
 Active
Secretaries
Show Resigned
Amarpal Takk - Secretary
Appointed 06 June 2018
 Active
Other Company Directorships
David Scalley
AJT ENGINEERING LIMITED
ALMOND ENGINEERING LIMITED
RQT PRECISION ENGINEERING LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2020 31-May-2016 31-May-2015
Balance Sheet
Fixed Assets 173,566 173,566 238,058
Current Assets 2,084,549 2,084,549 2,921,341
Creditors Due Within One Year 255,575 255,575 667,807
Working Cap 1,828,974 1,828,974 2,253,534
Total Assets Less Current Liabilities 2,002,540 2,002,540 2,491,592
Long-term Liabilities 0 0 0
Net Assets 2,002,540 2,002,540 2,491,592
Share Capital & Reserves
Share Cap 290 290 290
Profit & Loss Reserves 2,001,540 2,001,540 2,490,592
Other Reserves 710 710 710
Shareholders Funds 2,002,540 2,002,540 2,491,592
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2020 31-May-2016 31-May-2015
Tangible Fixed Assets - - -
Fixed Assets 7.7% 7.7% 7.5%
Stocks Inventory 5.5% 5.5% 4.8%
Debtors 16.5% 16.5% 26.2%
Cash Bank In Hand 70.3% 70.3% 61.4%
Current Assets 92.3% 92.3% 92.5%
Creditors Due Within One Year 11.3% 11.3% 21.1%
Net Current Assets Liabilities 81.0% 81.0% 71.3%
Creditors Due After One Year 0.0% 0.0% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 88.7% 88.7% 78.9%
Called Up Share Capital 0.0% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve 88.6% 88.6% 78.8%
Shareholder Funds 88.7% 88.7% 78.9%
Capital Employed - - -
Total Assets Less Current Liabilities 88.7% 88.7% 78.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2020 31-May-2016 31-May-2015
Liquidity Ratio 8.2 8.2 4.4
Solvency Ratio 8.8 8.8 4.7
Reserves to Assets 0.9 0.9 0.8
Secured Creditors Unlock full report
Mortgages Charges 3
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2020 31-May-2016 31-May-2015
Assets 2,258,115 2,258,115 3,159,399
Debt 255,575 255,575 667,807
Net Assets/Debt 2,002,540 2,002,540 2,491,592
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 EH3 8BP
No other companies found in the same location
Document Filings
Final Gazette dissolved following liquidation
Registered office address changed from C/0 Mazars Llp, Restructuring Services Capital Square 58 Morrison Street Edinburgh EH3 8BP to Forvis Mazars Llp, Restructuring Services Capital Square 58 Morrison Street Edinburgh EH3 8BP on 19 July 2024
Registered office address changed from C/0 Mazars Llp, Restructuring Services Capital Square 58 Morrison Street Edinburgh EH3 8BP to Capital Square 58 Morrison Street Edinburgh EH3 8BP on 24 March 2023
Registered office address changed from C/O Mazars Llp, Restructuring Services Apex 2 97 Haymarket Terrace Edinburgh EH12 5HD to Capital Square 58 Morrison Street Edinburgh EH3 8BP on 24 March 2023
Register inspection address has been changed from Craigshaw Crescent Craigshaw Crescent West Tullos Industrial Estate Aberdeen AB12 3TB Scotland to Craigshaw Crescent West Tullos Industrial Estate Aberdeen AB12 3TB
Registered office address changed from Craigshaw Crescent West Tullos Industrial Estate Aberdeen AB12 3TB Scotland to Apex 2 97 Haymarket Terrace Edinburgh EH12 5HD on 28 December 2022
Resolutions
Confirmation statement made on 6 December 2022 with no updates
Termination of appointment of Thomas Kenric Franks as a director on 30 June 2022
Satisfaction of charge 1 in full
Satisfaction of charge 2 in full
Termination of appointment of Kenneth Charles Gauld as a director on 31 December 2021
Confirmation statement made on 6 December 2021 with no updates
Confirmation statement made on 6 December 2020 with no updates
Confirmation statement made on 6 December 2019 with no updates
Appointment of Mr Thomas Kenric Franks as a director on 10 January 2019
Appointment of Mr David Jardine Scalley as a director on 10 January 2019
Confirmation statement made on 6 December 2018 with updates
Register inspection address has been changed from Souterhead Road Altens Industrial Estate Aberdeen Scotland to Craigshaw Crescent Craigshaw Crescent West Tullos Industrial Estate Aberdeen AB12 3TB
Current accounting period shortened from 31 May 2019 to 31 December 2018
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