OEG TRAINING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-07-31
Confirmation statement due
2027-02-26 (in 9mo)
Last made up 2026-02-12
Watchouts
Cash
£2M
Latest balance sheet
Net assets
£6M
highest in 4 filed years
Employees
100
highest in 4 filed years
Profit before tax
£1M
Period ending 2024-07-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note 24 of the financial statements, which describes that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the accounts.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-07-31
| Metric | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-12-31 | 2024-07-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £16,181,399 | £7,876,996 | |
| Operating profit | — | — | — | — | £2,283,143 | £1,378,829 | |
| Profit before tax | — | — | — | — | £2,151,112 | £1,369,176 | |
| Net profit | — | — | — | — | £1,567,671 | £989,591 | |
| Cash | £308,084 | £806,676 | — | — | £3,052,653 | £2,020,536 | |
| Total assets less current liabilities | £2,017,274 | £2,165,934 | — | — | £5,518,327 | £5,809,225 | |
| Net assets | £1,264,132 | £1,533,589 | — | — | £5,375,695 | £5,654,003 | |
| Equity | £1,264,132 | £1,533,589 | — | — | £5,375,695 | £5,654,003 | |
| Average employees | 25 | 25 | — | — | 98 | 100 | |
| Wages | — | — | — | — | £6,509,459 | £2,459,566 | |
| Directors' remuneration | — | — | — | — | £350,000 | £150,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-07-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-12-31 | 2024-07-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 14.1% | 17.5% | |
| Net margin | — | — | — | — | 9.7% | 12.6% | |
| Return on capital employed | — | — | — | — | 41.4% | 23.7% | |
| Current ratio | — | — | — | — | 3.25x | 3.41x | |
| Interest cover | — | — | — | — | 17.29x | 142.84x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2025-11-10
- OEG TRAINING LIMITED 2025-11-10 → present
- OFFSHORE PAINTING SERVICES LIMITED 2010-04-27 → 2025-11-10
- OFFSHORE PAINT SERVICES LIMITED 2010-02-12 → 2010-04-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Robinson Rice Associates Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 24 of the financial statements, which describes that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the accounts.”
Group structure
- OEG TRAINING LIMITED · parent
- OPS Wind Limited 100%
Significant events
- “On 31st December 2025, a number of employees transferred to OEG Renewables Limited under the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE), following a business restructure. This is a non-adjusting post balance sheet event and does not affect the financial position as at 31 July 2024. Offshore Painting Services Limited will continue to provide training services to the renewable industry.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEITON, John Miller | Director | 2024-07-25 | Oct 1976 | British |
| MURRAY, Thomas Anthony | Director | 2024-10-18 | Dec 1967 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MACRAE, John Gordon | Secretary | 2024-07-25 | 2025-09-09 |
| FLEMING, Douglas Weir | Director | 2024-07-25 | 2024-10-18 |
| JONES, David Robert | Director | 2010-02-12 | 2025-01-31 |
| JONES, Paul Raymond | Director | 2010-02-12 | 2025-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ops Group Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-02-11 | Active |
| Mr Paul Raymond Jones | Individual | Shares 25–50% | 2017-02-12 | Ceased 2024-02-11 |
| Mr David Robert Jones | Individual | Shares 25–50% | 2017-02-12 | Ceased 2024-02-11 |
Filing timeline
Last 20 of 68 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-10 CERTNM Certificate change of name company PDF
- 2024-08-13 MA Memorandum articles
- 2024-08-13 RESOLUTIONS Resolution
- 2024-03-19 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-10 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-09-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-27 | AA01 | accounts | Change account reference date company current extended | |
| 2025-07-30 | AA | accounts | Accounts with accounts type full | |
| 2025-02-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-09 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-10-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-12 | AA | accounts | Accounts with accounts type full | |
| 2024-08-13 | MA | incorporation | Memorandum articles | |
| 2024-08-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-03-19 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.