SOL PUERTO RICO LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-04-14.

• ⚠

  Material uncertainty over going concern

  As a result, the lack of the current directors' visibility of the future capital structure in the event of a change in ownership may indicate the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern. However, based on the Company's current performance, cash flows, the strategic role that it plays in the wider Sol and Parkland Group, and the support received from Parkland Corporation, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis of accounting continues to be adopted in preparing these financial statements.

1. SOL PUERTO RICO LIMITED 2006-09-01 → present
2. SHELL COMPANY (PUERTO RICO) LIMITED 1921-04-11 → 2006-09-01

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As a result, the lack of the current directors' visibility of the future capital structure in the event of a change in ownership may indicate the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern. However, based on the Company's current performance, cash flows, the strategic role that it plays in the wider Sol and Parkland Group, and the support received from Parkland Corporation, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis of accounting continues to be adopted in preparing these financial statements.”

Significant events

• “On 30 June 2023, the Company's Board of Directors approved a plan to close its aviation business in Puerto Rico effective 30 September 2023. A careful evaluation of the aviation business operations and results was completed; however, due to the significant losses on the prior and current year, the uncompetitive supply and the high operational costs, a decision was made to close the business subject to contractual termination notice periods.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -17.6%

  £540,855,754 → £445,471,204

• Cash

  +47.1%

  £2,297,415 → £3,380,299

• Net assets

  -214.8%

  £5,140,600 → -£5,903,448

• Employees

  +2.6%

  38 → 39

• Operating profit

  -4.7%

  -£14,074,391 → -£14,733,425

• Profit before tax

  -3.9%

  -£14,636,557 → -£15,201,830

• Wages

  -22.2%

  £2,900,274 → £2,255,217

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers