CORAL OIL COMPANY LIMITED(THE)

• ⚠

  Material uncertainty over going concern

  The Company is satisfied that it has the resources to continue in business for the foreseeable future. Therefore, the financial statements continue to be prepared on a going concern basis. This economic situation indicates a material uncertainty exists that may cast doubt on the ability of the Company to continue as a going concern.

1. CORAL OIL COMPANY LIMITED(THE) 1976-12-31 → present
2. SHELL COMPANY OF SYRIA LIMITED 1925-01-24 → 1976-12-31

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Lubbock Fine LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company is satisfied that it has the resources to continue in business for the foreseeable future. Therefore, the financial statements continue to be prepared on a going concern basis. This economic situation indicates a material uncertainty exists that may cast doubt on the ability of the Company to continue as a going concern.”

Significant events

• “The year 2024 witnessed an overall worldwide decrease in fuel prices (Platts) compared to 2023 which impacted the overall revenue and cost of sales in 2024.”
• “In 2024, the fuel market experienced notable shifts, marked by a major decline in Jet fuel (JET) and a slight increase in the demand for Diesel (DO), while U95 saw a slight growth. The drop in Jet consumption can be attributed to several factors, including the closure of the airport in 2024 due to the armed conflict that took place in Lebanon during the last quarter of 2024.”
• “The persisting economic crisis in Lebanon, the unavailability of financing, the imposition of de-facto capital controls together with the current instability, and the effects of the subsequent to period end armed conflict, negatively affect the Company's financial performance and financial position.”
• “From end of September 2024, Lebanon was subjected to armed attacks, which have escalated, resulting in a significant number of displaced and massive destruction to local establishments and infrastructure. A temporary ceasefire for 60 days was announced on 26 November 2024.”
• “Despite the difficult period of armed conflict that Lebanon endured, the election of a new President marked an important turning point toward stability and national unity.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -7.6%

  £522,670,126 → £482,722,758

• Cash

  -57.2%

  £19,314,307 → £8,273,536

• Net assets

  —

  Not reported

• Employees

  -4.4%

  225 → 215

• Profit before tax

  -81.3%

  £24,546,331 → £4,597,480

• Wages

  -2.4%

  £1,392,884 → £1,359,526

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