PETROINEOS EUROPE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-24 (in 7mo)
Last made up 2025-12-10
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£608M
-22.2% vs 2023
Employees
17
+6.3% vs 2023
Profit before tax
£65M
+121.6% vs 2023
Name history
Renamed 3 times since incorporation
- PETROINEOS EUROPE LIMITED 2012-09-18 → present
- INEOS EUROPE LIMITED 2006-06-16 → 2012-09-18
- INNOVENE EUROPE LIMITED 2005-06-01 → 2006-06-16
- O & D TRADING LIMITED 2004-12-10 → 2005-06-01
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,334,322 | £1,408,451 | |
| Operating profit | -£29,577,465 | £0 | |
| Profit before tax | £29,206,820 | £64,714,603 | |
| Net profit | £15,492,958 | £48,851,001 | |
| Cash | — | — | |
| Total assets less current liabilities | £781,616,012 | £608,080,059 | |
| Net assets | £781,616,012 | £608,080,059 | |
| Equity | £781,616,012 | £608,080,059 | |
| Average employees | 16 | 17 | |
| Wages | £1,111,935 | £1,186,064 |
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 | -2216.7% | 0.0% | |
| Net margin | 1161.1% | 3468.4% | |
| Return on capital employed | -3.8% | 0.0% | |
| Current ratio | 0.15x | 0.00x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “During September 2024, the wider Petroineos Group announced the cessation of refining in Grangemouth. The refinery will transition to a fuels import terminal, however this is not expected to materially impact the Company's core business.”
- “During November 2023, the directors announced their strategic direction to transition the Grangemouth refinery to terminal activities. Subsequently, during September 2024, the directors announced a formal plan to undertake this transition between April and June 2025. Accordingly, refining operations ceased in April 2025. This is not expected to affect the Company's core business in Grangemouth, as the fuel import business and related terminal operations will still require commercial support from Petroineos Europe Limited and the Company will therefore continue to provide this service for the foreseeable future.”
- “During 2024, the Company passed a resolution to reduce its share premium to $nil, and transferred the balance on the share premium account to the profit and loss account.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 40 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISTRA COSEC LIMITED | Corporate Secretary | 2025-09-02 | — | — |
| GENG, Guangping | Director | 2024-02-06 | Oct 1981 | Chinese |
| HUANG, Juexin | Director | 2024-12-31 | Sep 1982 | Chinese |
| PIZZEY, Andrew James | Director | 2021-02-04 | Nov 1970 | British |
| PYTHON, Frederic Andre | Director | 2025-03-31 | Feb 1964 | French |
| WANG, Shilong | Director | 2025-06-30 | Apr 1974 | Chinese |
Show 40 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Yasin Stanley | Secretary | 2004-12-10 | 2005-12-16 |
| DEVOTTA-HILL, Diane | Secretary | 2013-06-28 | 2015-05-08 |
| DURKIN, Jeffrey Hugh | Secretary | 2005-12-16 | 2006-09-15 |
| ELVIDGE, Janet | Secretary | 2004-12-10 | 2005-12-16 |
| LIU, Lei | Secretary | 2012-01-01 | 2013-06-28 |
| STOKES, Martin Howard | Secretary | 2006-09-15 | 2012-01-01 |
| TRICOR CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2015-07-10 | 2025-09-02 |
| BRAUN, Uwe, Mr. | Director | 2006-09-15 | 2008-12-01 |
| CROTTY, Thomas Patrick | Director | 2009-01-22 | 2010-04-22 |
| DAWSON, James William | Director | 2011-07-01 | 2017-10-04 |
| DE KLERK, Philip Joachim | Director | 2008-12-01 | 2011-07-01 |
| DEMAY, Franck Francois | Director | 2013-03-11 | 2025-03-31 |
| DUGGAN, Robin Joseph Alexander | Director | 2005-04-25 | 2005-12-12 |
| GINNS, Jonathan Frank, Mr. | Director | 2011-03-30 | 2011-07-01 |
| GRANT, Gordon Douglas | Director | 2012-08-21 | 2013-10-31 |
| HEEMSKERK, Leonardus Hendrik | Director | 2010-04-22 | 2011-07-01 |
| HEPBURN, Gerard Stephen | Director | 2017-10-04 | 2021-02-04 |
| HEULITT, Kenneth David | Director | 2004-12-10 | 2005-04-25 |
| KAI, Dai | Director | 2019-01-18 | 2022-12-31 |
| LAKER, Simon Barrie | Director | 2011-07-01 | 2013-03-11 |
| LEASK, Graeme | Director | 2006-05-08 | 2011-07-01 |
| LI, Hongwei | Director | 2022-12-31 | 2024-02-06 |
| LING, Yang | Director | 2022-12-31 | 2024-12-31 |
| LITTLE, Adam Charles | Director | 2005-12-15 | 2005-12-16 |
| LITTLE, Adam Charles | Director | 2005-02-01 | 2005-03-31 |
| LIU, Lei | Director | 2012-08-21 | 2013-12-31 |
| LUO, Yizhou | Director | 2012-08-21 | 2021-08-16 |
| MACLEAN, Calum Grigor | Director | 2006-09-15 | 2010-09-21 |
| MUETHING, Thomas C | Director | 2004-12-10 | 2005-12-16 |
| NEVIN, Robert John | Director | 2005-04-25 | 2006-09-15 |
| REID, William Bain | Director | 2009-11-20 | 2011-07-01 |
| SI, Bingjun | Director | 2012-08-21 | 2017-10-04 |
| TENG, Qidi | Director | 2013-12-31 | 2017-10-04 |
| TRAYNOR, Anthony | Director | 2013-10-31 | 2015-01-15 |
| WANG, Gong | Director | 2017-10-04 | 2022-12-31 |
| WANG, Xiaoqiang | Director | 2022-12-31 | 2025-06-30 |
| WRIGHT, Nigel John | Director | 2005-12-16 | 2006-10-31 |
| YANG, Lianguo | Director | 2012-08-21 | 2017-10-04 |
| ZHANG, Xiangchun | Director | 2017-10-04 | 2019-01-18 |
| ZHU, Wenjin | Director | 2021-08-16 | 2022-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Petrochina International (London) Company Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 231 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-02-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-09-09 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-07 | AA | accounts | Accounts with accounts type full | |
| 2025-01-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-19 | CH01 | officers | Change person director company with change date | |
| 2024-02-21 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-02-21 | SH20 | capital | Legacy | |
| 2024-02-21 | CAP-SS | insolvency | Legacy | |
| 2024-02-21 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-07 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
+5.6%
£1,334,322 £1,408,451
-
Cash
—
Not reported
-
Net assets
-22.2%
£781,616,012 £608,080,059
-
Employees
+6.3%
16 17
-
Operating profit
+100%
-£29,577,465 £0
-
Profit before tax
+121.6%
£29,206,820 £64,714,603
-
Wages
+6.7%
£1,111,935 £1,186,064
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