KUWAIT PETROLEUM INTERNATIONAL AVIATION COMPANY (U.K.) LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

1. KUWAIT PETROLEUM INTERNATIONAL AVIATION COMPANY (U.K.) LIMITED 1983-10-28 → present
2. NEEDQUIRE LIMITED 1983-08-09 → 1983-10-28

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the projected results and support from the parent company, the directors have therefore determined it is appropriate to prepare these financial statements on the going concern basis.”

Group structure

1. KUWAIT PETROLEUM INTERNATIONAL AVIATION COMPANY (U.K.) LIMITED · parent
   1. Heathrow Hydrant Operating Company Limited 10% · UK · handling of aviation jet fuel
   2. Gatwick Airport Storage and Hydrant Company Limited 12.5% · UK · handling of aviation jet fuel
   3. Manchester Airport Storage Hydrant Company Limited 25% · UK · handling of aviation jet fuel
   4. Heathrow Airport Fuelling Company Limited 14.3% · UK · handling of aviation jet fuel
   5. Aviation Fuel Services Limited 25% · UK · handling of aviation jet fuel
   6. Pentland Aviation Fuelling Services Limited 33% · UK · handling of aviation jet fuel

Significant events

• “The loss for the financial year amounted to $8,276k (2023: $2,375k). As shown in the company's income statement, the company's revenue has decreased by 11.9%, which was driven by mainly decline in Platts after the highs experienced immediately after the commencement of the Ukraine war when Platts rose significantly in 2022 as a result of embargos on Russian crude and the impact the war had on the global supply chain.”
• “The difference between the amounts accrued at year end, and the final priced revenue was a reduction in revenue of $2.6m, recognised in the current year.”
• “Changes to The Finance Act 2021 were substantially enacted in May 2021 and have increased the main corporation tax rate from 19% to 25% with effect from 1 April 2023.”
• “One of the company's joint ventures is tied into an airport lease for 25 years on condition of also entering into a development agreement, requiring significant capital expenditure by the joint venture, and requiring it to seek financing from its shareholders, including the company which has committed to a loan of £10,000k.”

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

Filings

5

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

  -11.9%

  £1,921,947,368 → £1,693,788,732

• Cash

  -74.4%

  £2,232,024 → £571,534

• Net assets

  -17.8%

  £34,512,231 → £28,377,317

• Employees

  —

  Not reported

• Operating profit

  -10.1%

  -£12,136,397 → -£13,361,008

• Profit before tax

  -298.6%

  -£1,828,021 → -£7,286,138

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