COCKETT MARINE OIL LIMITED

• ⚠

  Material uncertainty over going concern

  On May 13, 2025, Grindrod Trading (Asia) Pte. Ltd and Vitol B.V., the shareholders of the Group, made the strategic decision to conduct an orderly wind-down of the Group. Based on the above, the Company is no longer viewed as going concern. The basis of preparation of these financial statements is disclosed in Note 2.3.

1. COCKETT MARINE OIL LIMITED 1980-12-31 → present
2. CROWNFORM LIMITED 1979-07-23 → 1980-12-31

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

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On May 13, 2025, Grindrod Trading (Asia) Pte. Ltd and Vitol B.V., the shareholders of the Group, made the strategic decision to conduct an orderly wind-down of the Group. Based on the above, the Company is no longer viewed as going concern. The basis of preparation of these financial statements is disclosed in Note 2.3.”

Group structure

1. COCKETT MARINE OIL LIMITED · parent
   1. Cockett Marine Oil US Inc. 100% · United States of America · Marine fuel trading
   2. Cockett Marine Oil Hellas Single Member P.C. 100% · Greece · Marine fuel trading

Significant events

• “On May 13, 2025, Grindrod Trading (Asia) Pte. Ltd and Vitol B.V., the shareholders of the Group, made the strategic decision to conduct an orderly wind-down of the Group. The decision was reached after long consideration and in light of the non-core nature of the Group's business to both shareholders. It was decided by the shareholders to ensure the winding up of the Group on a solvent basis, with the anticipation that all relevant suppliers will be paid in full within the next 60 days. Payment of relevant receivables due from customers is also expected within a similar timeframe.”

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

1

last 12 months

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

• Turnover

  -71.8%

  £12,385,086 → £3,488,684

• Cash

  -58.3%

  £65,956 → £27,510

• Net assets

  -110.9%

  £881,103 → -£96,033

• Employees

  -20%

  5 → 4

• Operating profit

  -883.5%

  £195,386 → -£1,530,840

• Profit before tax

  -767.1%

  £146,480 → -£977,136

• Wages

  -30.2%

  £1,136,581 → £793,626

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers