WORLD FUEL SERVICES EUROPE, LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-09 (in 3mo)
Last made up 2025-07-26
Watchouts
None on the register
Cash
£2M
-97.5% vs 2023
Net assets
£315M
+6.7% vs 2023
Employees
330
-4.9% vs 2023
Profit before tax
£41M
-74.4% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,704,566,345 | £1,519,937,732 | |
| Operating profit | -£89,435,878 | £37,504,077 | |
| Profit before tax | £158,881,394 | £40,615,271 | |
| Net profit | £157,786,509 | £26,711,638 | |
| Cash | £71,594,514 | £1,802,076 | |
| Total assets less current liabilities | £295,300,222 | £315,160,860 | |
| Net assets | £295,300,222 | £315,160,860 | |
| Equity | £295,300,222 | £315,160,860 | |
| Average employees | 347 | 330 | |
| Wages | £24,197,183 | £22,964,418 |
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 | -5.2% | 2.5% | |
| Net margin | 9.3% | 1.8% | |
| Return on capital employed | -30.3% | 11.9% | |
| Gearing (liabilities / total assets) | 76.8% | 66.5% | |
| Current ratio | 0.83x | 0.72x | |
| Interest cover | -3.08x | 1.58x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Ultimate Parent Undertaking of World Fuel Services Europe, Ltd. has agreed to provide adequate financial support for a period of at least 12 months following the date of the Independent Auditor's Report for the Company's year ended 31 December 2024, to the extent necessary to enable the Company to meet its continuing operating liabilities, as well as any known liabilities on the Company's Balance Sheet as at 31 December 2024, as and when they fall due, and further confirms that no credit loss will be incurred by the Company in respect of the amounts owed to it by fellow group undertakings for the periods presented within these financial statements. As a result of the support from the Ultimate Parent Undertaking, the Directors have reasonable expectations that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, the Company has adopted the going concern basis in preparing the financial statements.”
Group structure
- WORLD FUEL SERVICES EUROPE, LTD. · parent
- World Fuel Services Aviation Limited 100%
- Kinect Energy UK Limited 100%
- World Fuel Services Italy S.R.L 100%
- Orchard (Holdings) UK Limited 100%
- Avcard Services (BVI), Ltd. 100%
- NCS UK Holding Co. Limited 100%
- WFS Netherlands Holding B.V. 100%
- World Fuel Services Pakistan (Pvt.) Limited 1%
- World Fuel Services CZ S.r.o. 1%
- World Fuel Services Belgium BVBA 47.83%
- PPT Aviation Services Limited 25%
- World Fuel Services Peru S.R.L. 0.1%
- World Fuel Services Kenya Limited 99.9%
- PT Servicios de Guatemala, Limitada 1%
- Hellenic Aviation Fuel Company S.A. 51%
- Exeno Yamamizu Corporation 5%
- Tramp Oil & Marine (Chile) Limitada 99.99%
- Tramp Oil & Marine (Argentina) S.R.L. 5%
- WFS Agencia de Naves, Limitada 1%
- World Fuel Services Argentina S.R.L. 82%
- WF Aviation Services SAS 100%
- World Fuel Services France SAS 100%
- Redline Oil Services Limited 100%
- Orchard Energy Limited 100%
- World Fuel Cayman Holding Company IV 100%
- World Fuel International S.R.L. 100%
- World Fuel Services Trading DMCC 100%
- Trans-Tec International S.R.L. 100%
- World Fuel Services (Bahamas) LLC 100%
- Tramp Oil & Marine (Argentina) S.R.L. 95%
- WFS Agencia de Naves, Limitada 99%
- World Fuel Services Chile, Limitada 75%
- World Fuel Services Argentina S.R.L. 18%
- World Fuel Services (KG) LLC 5%
- World Fuel Services (Panama) Limited Liability Company, Sociedad De Responsabilidad Limitada 50%
- World Fuel Services International (Panama) LLC 50%
- WFL Mozambique, LDA 99%
- Manchester Airport Storage and Hydrant Company Limited 25%
- Seram S.p.A. 12.5%
Significant events
- “On 30 April 2025, The Lubricant Company Limited fully repaid the loan and accrued interest receivable by the company and the parties agreed to terminate the loan agreement.”
- “On the same day, the Company also settled the outstanding amount under the demand note with Nordic Camp Supply B.V. and terminated the related financing facility agreement.”
- “Subsequent to year end, the Company entered into multiple loan amendments with a related company, Quintessentially (UK) Limited. Under these amendments, of which, the latest was entered into on 29 August 2025, the Company and the borrower agreed to increase the outstanding borrowings to be £17,323k ($21,673k) and extend the maturity date to 31 October 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| REED SMITH CORPORATE SERVICES LIMITED | Corporate Secretary | 2017-06-15 | — | — |
| MCMICHAEL, Richard Donald | Director | 2010-04-15 | Aug 1962 | Canadian |
| RANGER, Michael John | Director | 2017-05-26 | Apr 1964 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SCOPPETUOLO, Steven Anthony | Secretary | 2003-07-28 | 2004-02-17 |
| DENTONS SECRETARIES LIMITED | Corporate Secretary | 2013-05-07 | 2017-06-15 |
| SALANS SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2004-02-17 | 2013-05-07 |
| BIRNS, Ira Michael | Director | 2007-12-20 | 2010-04-15 |
| BOLAN, Adrienne Beth, Svp, Treasurer | Director | 2011-09-06 | 2018-08-01 |
| CLEMENTI, Michael Scott | Director | 2003-07-28 | 2010-04-15 |
| COLE, Jonathan Robert | Director | 2010-01-28 | 2017-05-26 |
| DECLARIS, Wade Nicholas | Director | 2010-04-06 | 2017-05-26 |
| GRONBORG, Anders | Director | 2017-08-21 | 2018-09-13 |
| JOHNSON, Robert Leslie | Director | 2017-05-26 | 2017-06-30 |
| KEY, Anthony Miles | Director | 2010-01-28 | 2012-04-19 |
| KLUEG, Steven Paul | Director | 2010-04-15 | 2011-07-28 |
| NOBEL, Paul Michael | Director | 2010-07-09 | 2012-02-21 |
| SALEEM, Aftab | Director | 2012-02-21 | 2017-05-26 |
| SCOPPETUOLO, Steven Anthony | Director | 2003-07-28 | 2010-01-28 |
| VELAZQUEZ, Carlos Manuel | Director | 2010-01-28 | 2017-05-26 |
| VIAN, Paul Thomas | Director | 2016-02-11 | 2023-11-14 |
| VORONCHENKO, Vladislav | Director | 2007-02-14 | 2007-09-27 |
| WHITE, Christopher John | Director | 2012-04-19 | 2017-06-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wfs Uk Holding Company Ii Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 145 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-06 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-07 | CH01 | officers | Change person director company with change date | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-05 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-07-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-31 | CH01 | officers | Change person director company with change date | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-06 | CC04 | change-of-constitution | Statement of companys objects | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-01 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2022-01-21 | SH01 | capital | Capital allotment shares | |
| 2022-01-04 | AA | accounts | Accounts with accounts type full | |
| 2021-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-28 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
-10.8%
£1,704,566,345 £1,519,937,732
-
Cash
-97.5%
£71,594,514 £1,802,076
-
Net assets
+6.7%
£295,300,222 £315,160,860
-
Employees
-4.9%
347 330
-
Operating profit
+141.9%
-£89,435,878 £37,504,077
-
Profit before tax
-74.4%
£158,881,394 £40,615,271
-
Wages
-5.1%
£24,197,183 £22,964,418
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