THE FUEL TRADING COMPANY LTD

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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 102

Reporting scope

Consolidated group

Auditor

Smailes Goldie Chartered Accountants Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The directors have taken note of the guidance issued by the Financial Reporting Council on Going Concern Assessments in determining that this is the appropriate basis of preparation of the financial statements and have considered a number of factors. This has specifically included reviewing banking and loan facilities in place and detailed forecasting to ensure that the worst case scenario situation does not put the going concern concept at risk. As a result, the directors believe that the company is well placed to manage business risks successfully despite the uncertainties surrounding the current general economic outlook. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. THE FUEL TRADING COMPANY LTD · parent
   1. Portland Energy Limited 100% · Dormant
   2. Portland Green Limited 100% · Dormant
   3. Portland Deutschland GmbH 51% · Germany · Fuel related investment brokerage

Significant events

• “In Germany, a new Joint Venture arrangement was set up with our new partner (GST GmbH)”
• “During the year, 49% of the issued share capital of Portland Deutschland GmbH was disposed of to a third party partner (GST GmbH) for proceeds equal to net assets.”
• “On 2nd September 2024, Portland Fuel Holdings Limited became the ultimate parent undertaking of the group as a result of a group restructuring.”

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

Filings

1

last 12 months

Capital events

2

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

  -7.8%

  £4,198,399 → £3,870,091

• Cash

  +31.8%

  £1,993,747 → £2,628,448

• Net assets

  +10.3%

  £3,742,054 → £4,127,816

• Employees

  -25%

  8 → 6

• Operating profit

  -22.7%

  £1,304,950 → £1,009,377

• Profit before tax

  -21.7%

  £1,224,373 → £959,023

• Wages

  +17.8%

  £586,472 → £690,844

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