PETROCHINA INTERNATIONAL (LONDON) CO., LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-21 (in 11mo)
Last made up 2026-04-07
Watchouts
None on the register
Cash
£4M
+110.7% vs 2023
Net assets
£931M
+10.5% vs 2023
Employees
65
+3.2% vs 2023
Profit before tax
£118M
+157.8% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £10,725,997,776 | £11,029,269,830 | |
| Operating profit | £93,163,825 | £65,192,735 | |
| Profit before tax | -£204,762,046 | £118,382,506 | |
| Net profit | -£233,083,024 | £88,518,162 | |
| Cash | £1,782,061 | £3,755,374 | |
| Total assets less current liabilities | £911,502,595 | £948,713,862 | |
| Net assets | £842,000,741 | £930,518,903 | |
| Equity | £842,000,741 | £930,518,903 | |
| Average employees | 63 | 65 | |
| Wages | £17,133,432 | £14,669,385 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 0.9% | 0.6% | |
| Net margin | -2.2% | 0.8% | |
| Return on capital employed | 10.2% | 6.9% | |
| Gearing (liabilities / total assets) | 66.9% | 46.5% | |
| Current ratio | 1.35x | 1.77x | |
| Interest cover | 6.78x | 4.11x |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have concluded that it is appropriate to adopt the going concern basis, having undertaken a rigorous assessment of the financial forecasts, key uncertainties and sensitivities, including the potential impact of the recent Middle East and ongoing Ukraine conflicts.”
Group structure
- PETROCHINA INTERNATIONAL (LONDON) CO., LIMITED · parent
- Petroineos Trading Limited 50.1%
- Petroineos Fuels Trading Limited 50.1%
- Petroineos Trading Europe Limited 50.1%
- Petroineos Trading Services France SAS 50.1%
- Petrochina International (Netherlands) Company B.V. 100%
- PetroChina International (Nigeria) Company Ltd 75%
Significant events
- “It was announced, during September 2024 that the proposed ceasing of refinery operations at Grangemouth that had been previously announced in 2023, would occur during 2025. A workforce consultation was concluded in January 2025, and activities pertaining to the transition to an import terminal are underway.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISTRA COSEC LIMITED | Corporate Secretary | 2025-09-17 | — | — |
| HE, Jiang | Director | 2024-03-10 | Jul 1981 | Chinese |
| LUO, Yizhou | Director | 2024-06-21 | Dec 1977 | Chinese |
| ZHANG, Hongyan | Director | 2022-07-01 | Jul 1966 | Chinese |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LUO, Yizhou | Secretary | 2017-02-27 | 2021-08-16 |
| SI, Bingjun | Secretary | 2002-04-08 | 2017-02-27 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2002-04-08 | 2002-04-08 |
| TRICOR CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2023-05-12 | 2025-09-17 |
| HUO, Jinsan | Director | 2021-02-25 | 2022-01-26 |
| LUO, Yizhou | Director | 2022-01-26 | 2023-03-01 |
| LUO, Yizhou | Director | 2017-02-27 | 2021-08-16 |
| SI, Bingjun | Director | 2002-04-08 | 2017-02-27 |
| WANG, Lihua | Director | 2002-04-08 | 2012-06-13 |
| WU, Junli | Director | 2023-03-01 | 2024-06-21 |
| ZHAO, Yong | Director | 2006-11-01 | 2021-02-25 |
| ZHONGQUI, Liu | Director | 2002-04-08 | 2006-11-01 |
| ZHU, Wenjin | Director | 2021-08-16 | 2024-03-10 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2002-04-08 | 2002-04-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The State Council Of The People's Republic Of China | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-09-08 | Active |
| Petrochina Company Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2022-09-08 |
Filing timeline
Last 20 of 112 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-11 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | CH04 | officers | Change corporate secretary company with change date | |
| 2026-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-08-11 | MA | incorporation | Memorandum articles | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-29 | AA | accounts | Accounts with accounts type full | |
| 2024-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-14 | AA | accounts | Accounts with accounts type full | |
| 2023-12-21 | PSC03 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-20 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-12-14 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-10-18 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2023-10-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-05-22 | AP04 | officers | Appoint corporate secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
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
-
Turnover
+2.8%
£10,725,997,776 £11,029,269,830
-
Cash
+110.7%
£1,782,061 £3,755,374
-
Net assets
+10.5%
£842,000,741 £930,518,903
-
Employees
+3.2%
63 65
-
Operating profit
-30%
£93,163,825 £65,192,735
-
Profit before tax
+157.8%
-£204,762,046 £118,382,506
-
Wages
-14.4%
£17,133,432 £14,669,385
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