PETROINEOS FUELS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-11 (in 4mo)
Last made up 2025-08-28
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£250M
+80.4% vs 2023
Employees
0
Average over period
Profit before tax
£118M
-12.2% vs 2023
Name history
Renamed 1 time since incorporation
- PETROINEOS FUELS LIMITED 2012-09-18 → present
- INEOS FUELS LIMITED 2009-08-28 → 2012-09-18
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 | £2,219,273,536 | £1,983,469,236 | |
| Operating profit | £98,591,549 | £92,957,746 | |
| Profit before tax | £134,173,462 | £117,865,085 | |
| Net profit | £126,093,403 | £111,564,122 | |
| Cash | — | — | |
| Total assets less current liabilities | £138,695,330 | £250,259,451 | |
| Net assets | £138,695,330 | £250,259,451 | |
| Equity | £138,695,330 | £250,259,451 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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 | 4.4% | 4.7% | |
| Net margin | 5.7% | 5.6% | |
| Return on capital employed | 71.1% | 37.1% | |
| Gearing (liabilities / total assets) | 87.5% | 52.7% | |
| Current ratio | 0.26x | 0.63x | |
| Interest cover | 18.73x | 32.15x |
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
“The directors have presented a full assessment of going concern and its application to the basis of preparation of these financial statements within the accounting policies note on page 18. Although plans to cease refining in Grangemouth will result in the cessation of the Company's terminal distribution business in other UK terminals, the effect on the Company's core Scotland market is limited and is not expected to impact its going concern.”
Significant events
- “During September 2024, the directors announced a formal plan to transition the Grangemouth site from a refinery to an oil terminal and associated fuel import business between April and June 2025. Accordingly, refining operations ceased in April 2025.”
- “During March 2025, the company declared a dividend of $200,000,000 per the company's one ordinary share.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISTRA COSEC LIMITED | Corporate Secretary | 2025-09-02 | — | — |
| HUANG, Juexin | Director | 2024-12-31 | Sep 1982 | Chinese |
| WILSON, David Lloyd | Director | 2022-04-19 | Nov 1983 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEVOTTA-HILL, Diane | Secretary | 2013-06-28 | 2015-05-08 |
| LIU, Lei | Secretary | 2012-01-01 | 2013-06-28 |
| STOKES, Martin Howard | Secretary | 2009-08-28 | 2012-01-01 |
| TRICOR CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2015-07-10 | 2025-09-02 |
| BENNETT, Stephen Guy | Director | 2009-09-01 | 2011-07-01 |
| BRAIN, Daniel John | Director | 2017-07-01 | 2021-08-02 |
| DEMAY, Franck Francois | Director | 2013-03-11 | 2017-10-04 |
| DEMAY, Franck Francois | Director | 2009-09-01 | 2011-07-01 |
| GARDNER, Andrew Ronald | Director | 2011-07-01 | 2017-10-04 |
| HAYWOOD, Gary Robert | Director | 2009-09-01 | 2011-07-01 |
| LAKER, Simon Barrie | Director | 2011-07-01 | 2013-03-11 |
| LEASK, Graeme | Director | 2009-09-01 | 2011-07-01 |
| LING, Yang | Director | 2022-12-31 | 2024-12-31 |
| LUO, Yizhou | Director | 2017-10-04 | 2021-08-16 |
| MACLEAN, Calum Grigor | Director | 2009-08-28 | 2010-09-21 |
| MANN, Russell Edward | Director | 2017-10-04 | 2025-06-20 |
| ZHU, Wenjin | Director | 2021-08-16 | 2022-12-31 |
| TRICOR CORPORATE SECRETARIES LIMITED | Corporate Director | 2015-07-10 | 2015-07-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Petrochina International (London) Co., Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 92 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | CH04 | officers | Change corporate secretary company with change date | |
| 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 | |
| 2025-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-25 | 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 | |
| 2024-09-04 | AD02 | address | Change sail address company with new address | |
| 2024-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-06 | AA | accounts | Accounts with accounts type full | |
| 2023-12-14 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-01 | AA | accounts | Accounts with accounts type full | |
| 2023-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-18 | AP01 | officers | Appoint person director 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
- 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
-10.6%
£2,219,273,536 £1,983,469,236
-
Cash
—
Not reported
-
Net assets
+80.4%
£138,695,330 £250,259,451
-
Employees
—
Not reported
-
Operating profit
-5.7%
£98,591,549 £92,957,746
-
Profit before tax
-12.2%
£134,173,462 £117,865,085
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