PETROINEOS MANUFACTURING SCOTLAND LIMITED
Get an alert when PETROINEOS MANUFACTURING SCOTLAND LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-15 (in 4mo)
Last made up 2025-09-01
Watchouts
Cash
£934K
+68% vs 2023
Net assets
-£354M
-27% vs 2023
Employees
476
-4.6% vs 2023
Profit before tax
-£78M
+67.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 3 times since incorporation
- PETROINEOS MANUFACTURING SCOTLAND LIMITED 2012-09-21 → present
- INEOS MANUFACTURING SCOTLAND LIMITED 2006-06-16 → 2012-09-21
- INNOVENE MANUFACTURING SCOTLAND LIMITED 2005-06-01 → 2006-06-16
- BP OIL GRANGEMOUTH REFINERY LIMITED 1919-09-03 → 2005-06-01
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £322,558,000 | £212,766,000 | |
| Operating profit | -£223,725,000 | -£46,932,000 | |
| Profit before tax | -£244,052,000 | -£78,420,000 | |
| Net profit | -£290,691,000 | -£72,958,000 | |
| Cash | £556,000 | £934,000 | |
| Total assets less current liabilities | -£234,907,000 | -£271,517,000 | |
| Net assets | -£278,303,000 | -£353,581,000 | |
| Equity | -£278,303,000 | -£355,581,000 | |
| Average employees | 499 | 476 | |
| Wages | £36,382,000 | £34,090,000 |
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 | -69.4% | -22.1% | |
| Net margin | -90.1% | -34.3% | |
| Return on capital employed | 95.2% | 17.3% | |
| Gearing (liabilities / total assets) | 223.6% | 237.7% | |
| Current ratio | 0.39x | 0.36x | |
| Interest cover | -10.70x | -1.47x |
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 parent company, Petroineos Refining Limited, has indicated through a letter of support to the Company that it will continue to financially support the Company and assist it in meeting the Company's liabilities as and when they fall due... The Directors have concluded that it is appropriate to adopt the going concern basis.”
Significant events
- “Formal plan to cease refining and transition to fuel import terminal by June 2025, announced Sept 2024.”
- “Ceased refining crude oil end of April 2025, transitioned to fuel import terminal July 2025.”
- “Recognised asset impairments of £35,010,000 and employee redundancy provisions of £36,261,750 related to transition.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 54 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISTRA COSEC LIMITED | Corporate Secretary | 2025-08-29 | — | — |
| DUNCAN, Stuart Ewan | Director | 2025-09-08 | Sep 1969 | British |
| PIZZEY, Andrew James | Director | 2021-02-04 | Nov 1970 | British |
| PYTHON, Frederic Andre | Director | 2025-03-31 | Feb 1964 | French |
| SUN, Mingzhuo | Director | 2024-12-31 | Jan 1979 | Chinese |
| WANG, Shilong | Director | 2024-12-16 | Apr 1974 | Chinese |
| ZHANG, Fan | Director | 2025-10-21 | Aug 1979 | Chinese |
Show 54 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Yasin Stanley | Secretary | 2001-02-19 | 2005-12-16 |
| BENNETT, Stephen | Secretary | 2012-01-01 | 2013-06-28 |
| DEVOTTA-HILL, Diane | Secretary | 2013-06-28 | 2015-05-08 |
| DURKIN, Jeffrey Hugh | Secretary | 2005-12-16 | 2006-09-15 |
| ELDEN, Russell Graham | Secretary | — | 1994-05-05 |
| HOLLOW, Alison Jane | Secretary | 1994-05-05 | 1994-09-25 |
| MALLETT, Laurence Edwin | Secretary | 1994-05-05 | 1997-09-10 |
| STANLEY, Helen Jane | Secretary | 1997-09-10 | 2001-02-19 |
| STOKES, Martin Howard | Secretary | 2006-09-15 | 2012-01-01 |
| TRICOR CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2015-07-10 | 2025-08-29 |
| BAKER, Michael George | Director | 1994-05-05 | 1997-09-30 |
| BRAUN, Uwe, Mr. | Director | 2006-05-04 | 2008-12-01 |
| CARLYLE, Walter | Director | — | 1992-09-30 |
| CHWU, James Kai-Ming | Director | 2015-07-31 | 2017-07-13 |
| COMPRIDO, Antonio Manuel Patricio | Director | 1997-10-01 | 1999-08-01 |
| CROTTY, Thomas Patrick | Director | 2006-05-04 | 2010-04-26 |
| DE KLERK, Philip Joachim | Director | 2008-12-01 | 2011-07-01 |
| DEMAY, Franck Francois | Director | 2019-04-24 | 2025-03-31 |
| DUGGAN, Robin Joseph Alexander | Director | 2005-04-25 | 2005-12-16 |
| ELDEN, Russell Graham | Director | — | 1994-05-05 |
| GARDNER, Andrew Ronald | Director | 2013-03-11 | 2015-09-21 |
| GINNS, Jonathan Frank, Mr. | Director | 2011-03-30 | 2011-07-01 |
| GRANT, Gordon Douglas | Director | 2006-05-04 | 2013-10-31 |
| HEEMSKERK, Leonardus Hendrik | Director | 2010-04-26 | 2011-07-01 |
| HEPBURN, Gerard Stephen | Director | 2017-10-04 | 2021-02-04 |
| LAKER, Simon Barrie | Director | 2010-04-26 | 2013-03-11 |
| LAZENBY, Terence Michael | Director | — | 1990-05-16 |
| LITTLE, Adam Charles | Director | 2005-12-15 | 2005-12-16 |
| LIU, Lei | Director | 2012-08-21 | 2013-12-31 |
| LUO, Yizhou | Director | 2013-12-31 | 2021-08-16 |
| MACLEAN, Calum Grigor | Director | 2013-10-31 | 2014-12-31 |
| MACLEAN, Calum Grigor | Director | 2006-05-04 | 2010-09-21 |
| MACLEAN, Colin Hunter James | Director | 2001-11-01 | 2004-04-01 |
| MANN, Russell Edward | Director | 2011-07-01 | 2025-06-20 |
| MCGILL, Robin William | Director | 2004-04-01 | 2005-12-16 |
| MOORHOUSE, Christopher John | Director | 1996-10-15 | 1998-03-16 |
| MUMFORD, John Graham, Dr | Director | 1999-08-01 | 2005-03-31 |
| NIEDERBERGER, Hans-Ludwig Reiner | Director | 2006-05-04 | 2011-07-01 |
| ORANGE, John Robert Wellwood | Director | 1992-03-13 | 1996-10-14 |
| REID, William Bain | Director | 2005-12-16 | 2011-07-01 |
| ROGERS, John Frederick, Dr | Director | 1992-10-01 | 1996-12-01 |
| SI, Bingjun | Director | 2012-08-21 | 2017-10-04 |
| THOMAS, Vivian | Director | 1990-05-16 | 1992-03-12 |
| TRAYNOR, Anthony | Director | 2012-08-21 | 2015-01-21 |
| TRAYNOR, Anthony | Director | 2007-04-23 | 2010-04-26 |
| WANG, Gong | Director | 2017-10-04 | 2024-12-31 |
| WANG, Xiaoqiang | Director | 2022-12-31 | 2024-12-16 |
| WANG, Xinhong | Director | 2022-12-31 | 2025-10-21 |
| WILLIAMS, John David | Director | 1996-12-01 | 2001-11-01 |
| WRIGHT, Nigel John | Director | 2005-04-25 | 2006-05-04 |
| YANG, Lianguo | Director | 2012-08-21 | 2017-10-04 |
| ZHANG, Hongyan | Director | 2018-10-05 | 2022-12-31 |
| ZHANG, Xiangchun | Director | 2017-10-04 | 2018-10-05 |
| ZHU, Wenjin | Director | 2021-08-16 | 2022-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr James Arthur Ratcliffe | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 260 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-12-28 | AA | accounts | Accounts with accounts type full | |
| 2025-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-09 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-02 | CH01 | officers | Change person director company with change date | |
| 2025-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-03 | CH01 | officers | Change person director company with change date | |
| 2025-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-13 | DISS40 | gazette | Gazette filings brought up to date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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
-34%
£322,558,000 £212,766,000
-
Cash
+68%
£556,000 £934,000
-
Net assets
-27%
-£278,303,000 -£353,581,000
-
Employees
-4.6%
499 476
-
Operating profit
+79%
-£223,725,000 -£46,932,000
-
Profit before tax
+67.9%
-£244,052,000 -£78,420,000
-
Wages
-6.3%
£36,382,000 £34,090,000
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