The Accounts Companies House intelligence

OLA ENERGY ETHIOPIA LIMITED

#00243842 · Active · Incorporated 1929-11-20 (96y 6m) · Last filing 2026-04-30 (1mo ago)
Consumer Discretionary · SIC 46719 · G Wholesale & Retail Trade; Repair of Motor Vehicles · Full accounts

Get an alert when OLA ENERGY ETHIOPIA LIMITED files next

Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.

Free · confirmation link first · unsubscribe in one click

Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-04-14 (in 11mo)

Last made up 2026-03-31

Watchouts

None on the register

Cash

£20M

-49.9% vs 2023

Net assets

£23M

+1.4% vs 2023

Employees

—

Average over period

Profit before tax

£24M

+14% vs 2023

Name history

Renamed 2 times since incorporation

  1. OLA ENERGY ETHIOPIA LIMITED 2021-11-01 → present
  2. LIBYA OIL ETHIOPIA LIMITED 2008-11-25 → 2021-11-01
  3. SHELL ETHIOPIA LIMITED 1929-11-20 → 2008-11-25

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £788,309,858£567,727,178
Operating profit £21,439,264£17,355,303
Profit before tax £20,802,208£23,704,480
Net profit £14,654,183£16,886,635
Cash £39,150,571£19,609,996
Total assets less current liabilities ——
Net assets £22,939,403£23,253,988
Equity £22,939,403£23,253,988
Average employees ——
Wages ——

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-31
Operating margin 2.7%3.1%
Net margin 1.9%3.0%
Gearing (liabilities / total assets) 72.3%65.2%
Current ratio 1.38x1.45x
Interest cover 12.15x14.06x

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.

Audit & accounting basis

Accounting basis
IFRS
Reporting scope
Standalone (parent only)
Auditor
A.A Bromhead Certified Audit Firm
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Directors confirm that they have complied with these requirements and, having a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, continue to adopt the going concern basis in preparing the financial statements.”

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

People

3 active · 37 resigned

Name Role Appointed Born Nationality
ELMGHTOUF, Fawzi Mukthar Ramadan Director 2025-12-11 Jan 1969 Libyan
GENDIL, Abdalla Ibrahim Ghaith Director 2025-01-19 Jan 1961 Libyan
KAZOUZ, Salem Director 2024-06-26 Feb 1980 Libyan
Show 37 resigned officers
Name Role Appointed Resigned
PENFOLD, Diane June Secretary — 1994-09-30
RAIVADERA, Dipa Secretary 1994-10-03 1997-11-26
SHELL CORPORATE SECRETARY LIMITED Corporate Secretary 1997-11-26 2008-11-14
VELOCITY COMPANY SECRETARIAL SERVICES LIMITED Corporate Secretary 2008-11-14 2021-11-01
ABUGHADADA, Yousef Director 2025-01-19 2025-11-14
AHTIBA, Abdussalam Yunes Director 2008-11-14 2014-03-28
ANKERS, Peter Director — 1993-11-30
BAGGAR, Ibrahim Mohamed Hadi Director 2010-10-17 2014-03-28
BARRY, Papa Issa Director 2024-06-26 2025-12-11
BERNOTAT, Wulf Hinrich, Doctor Director — 1995-03-24
CARTER, Veronica Alison Director 1996-03-12 1996-07-16
DETHERIDGE, Alan Director 1994-08-01 1996-03-12
DRYSDALE ANDERSON, Donald Samuel Director 1998-02-27 1999-04-14
ELHEMMALI, Yousef Director 2021-09-08 2024-06-26
GATISS, Howard Charles Director 1996-03-12 1997-09-15
GOLDSMITH, Alan Director — 1993-01-18
GRASSO, Willem Hendrik August Director 1995-04-24 1996-03-12
GREEN, David Norman Director 1993-12-01 1996-03-12
HAIDARA, Moulaye Ali Director 2020-01-27 2024-06-26
HASSAN, Elnass Khalifa Ali Director 2010-10-17 2014-03-28
KALAM, Sedick Director 1996-10-31 1997-09-29
KASHIM, Elmarimi Ali Ali Director 2012-03-02 2020-01-27
KOOL, Frederik Hendrik Director 1996-08-23 2000-07-27
LEYRAUD, Bernard Henri Auguste Director 1996-03-12 2000-06-30
OGUNGBEMI, Banji Emmanuel Director 1997-10-03 2000-03-07
PEARSE, Rodney Taunton Director 1993-01-18 1994-08-01
REICH, Rainer Director 1996-09-24 1998-02-15
RICHARDS, Wendy Director 1996-03-12 1996-07-22
SAID, Elhashmi Omar Director 2010-10-17 2014-03-28
SAMIN, Omar Elfarok Director 2017-09-01 2021-09-08
SANTOLAYA, Jose Antonio Director 1999-01-19 2000-05-18
SCHOTHORST, Reijer Director 1999-05-17 2000-06-30
TAYLOR, Trudy Director 1996-07-16 1996-10-31
TEN BRINK, Martinus Jacobus Director 1997-09-29 1999-03-01
LIBYA OIL KENYA LIMITED Corporate Director 2012-03-02 2014-03-28
LOHL CORPORATE DIRECTOR LTD Corporate Director 2014-03-28 2017-09-01
SHELL CORPORATE DIRECTOR LIMITED Corporate Director 2000-02-28 2008-11-14

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Libyan Investment Authority Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Active

Filing timeline

Last 20 of 211 total filings

Date Type Category Description
2026-04-30 PSC05 persons-with-significant-control Change to a person with significant control PDF
2026-04-15 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-02-10 AP01 officers Appoint person director company with name date PDF
2026-02-10 TM01 officers Termination director company with name termination date PDF
2025-11-18 TM01 officers Termination director company with name termination date PDF
2025-09-10 AA accounts Accounts with accounts type full
2025-04-11 CS01 confirmation-statement Confirmation statement with updates PDF
2025-02-27 AP01 officers Appoint person director company with name date PDF
2025-02-27 AP01 officers Appoint person director company with name date PDF
2025-02-13 SH01 capital Capital allotment shares PDF
2024-10-06 AA accounts Accounts with accounts type full
2024-09-26 AP01 officers Appoint person director company with name date PDF
2024-09-26 AP01 officers Appoint person director company with name date PDF
2024-09-25 TM01 officers Termination director company with name termination date PDF
2024-09-25 TM01 officers Termination director company with name termination date PDF
2024-04-18 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-10-09 AA accounts Accounts with accounts type full
2023-04-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-09-29 AA accounts Accounts with accounts type full
2022-04-05 CS01 confirmation-statement Confirmation statement with no updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
6

last 12 months

Capital events
1

last 24 months

Officers appointed
1

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.

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

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

Official Companies House page