FREEPOINT COMMODITIES EUROPE LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-23 (in 4mo)
Last made up 2025-09-09
Watchouts
None on the register
Cash
£3M
-78.3% vs 2023
Net assets
£106M
-58% vs 2023
Employees
115
-4.2% vs 2023
Profit before tax
£5M
-98% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £396,320,979 | £76,075,612 | |
| Operating profit | £247,939,956 | £6,347,665 | |
| Profit before tax | £258,438,844 | £5,243,143 | |
| Net profit | £223,383,247 | £1,810,230 | |
| Cash | £12,031,134 | £2,609,340 | |
| Total assets less current liabilities | £292,870,274 | £118,566,345 | |
| Net assets | £252,381,023 | £105,933,284 | |
| Equity | £252,381,023 | £105,933,284 | |
| Average employees | 120 | 115 | |
| Wages | £127,480,356 | £38,295,775 |
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 | 62.6% | 8.3% | |
| Net margin | 56.4% | 2.4% | |
| Return on capital employed | 84.7% | 5.4% | |
| Gearing (liabilities / total assets) | 62.0% | 52.5% | |
| Current ratio | 1.75x | 2.03x | |
| Interest cover | 64.71x | 2.21x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “A combination of geopolitical tensions, extensive maintenance schedules and higher LNG demand led to a recovery in gas prices in 2024 which did not yield the same returns experienced in prior years. Delivery weather strategies, which have proven to be lucrative in the past, also did not produce the expected returns due to uncertainty and lower than seasonal turn out of renewables.”
- “The LLP's focus in 2025 will be to seek adequate risk and reward opportunities, particularly as political tensions ease, and to continue to build out its carbon credit trading and global LNG physical businesses.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FREEPOINT COMMODITIES CORPORATE LTD | Corporate Llp Designated Member | 2012-02-09 | — | — |
| FREEPOINT COMMODITIES HOLDINGS LTD | Corporate Llp Designated Member | 2011-09-09 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HECHT, Daniel Marc | Llp Designated Member | 2011-09-09 | 2011-10-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Freepoint Commodities Corporate Ltd | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Active |
| Freepoint Commodities Holdings Ltd | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-75-to-100-percent-limited-liability-partnership, right-to-appoint-and-remove-members-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 67 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-09-19 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-03 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2025-09-03 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2024-12-16 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2024-12-09 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2024-12-05 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2024-09-20 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-23 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2024-07-25 | AA | accounts | Accounts with accounts type full | |
| 2024-04-15 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2023-11-28 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2023-11-28 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2023-10-20 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2023-10-20 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2023-10-20 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2023-10-20 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2023-10-20 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2023-10-20 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2023-10-20 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
-80.8%
£396,320,979 £76,075,612
-
Cash
-78.3%
£12,031,134 £2,609,340
-
Net assets
-58%
£252,381,023 £105,933,284
-
Employees
-4.2%
120 115
-
Operating profit
-97.4%
£247,939,956 £6,347,665
-
Profit before tax
-98%
£258,438,844 £5,243,143
-
Wages
-70%
£127,480,356 £38,295,775
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