# OILTECH BEARINGS LTD (11479581)

> OILTECH BEARINGS LTD is an active private limited company (company number 11479581) incorporated on 24 July 2018, registered in Newcastle Upon Tyne. Its registered activity is manufacture of bearings, gears, gearing and driving elements (SIC 28150). Latest small accounts cover the period ending 31 December 2024, showing net assets of £4,197 and cash of £11k, with 9 employees on average. Net assets fell 44% on the prior period (£7,489).

- Status: Active
- Incorporated: 2018-07-24
- Registered office: Newcastle Upon Tyne, NE13 7GD
- SIC 28150: Manufacture of bearings, gears, gearing and driving elements
- Next accounts due: 2026-09-30
- Confirmation statement due: 2027-08-07
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the lower half of 154 comparable companies in the UK (median £28k, upper quartile £465k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2024-12-31 | £4,197 | £11k | £99k | — | — | — | 9 |
| 2023-12-31 | £7,489 | £2,829 | £82k | — | — | — | 6 |

size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £4,197 at 31 December 2024
- Net assets down 25% or more on the prior period: -44.0% vs prior period
- Incorporated five or more years ago: Incorporated 24 July 2018
- Accounts past their due date: Due 30 September 2026

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Patrick Charles Chester — owns 50–75% of shares; owns 50–75% of shares; holds 50–75% of voting rights; holds 50–75% of voting rights; can appoint or remove directors, since 2018-07-24
- Mr Paul Harris — owns 25–50% of shares; holds 25–50% of voting rights, since 2018-07-24
- Dr Keith Ian Chester — owns 25–50% of shares; holds 25–50% of voting rights, since 2020-02-01
- Mrs Gillian Harris — owns 25–50% of shares, since 2023-03-25

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/11479581
HTML: https://firmoscan.com/company/11479581-oiltech-bearings-ltd