OLA ENERGY ETHIOPIA LIMITED

2 NEW BAILEY, 6 STANLEY STREET, SALFORD, MANCHESTER, M3 5GS

Previous name: LIBYA OIL ETHIOPIA LIMITED (changed on 01-Nov-2021)
Previous name: SHELL ETHIOPIA LIMITED (changed on 25-Nov-2008)

Company Number: 00243842
Incorporation date: 20-Nov-1929
Status: Active
Entity type: Private Limited Company

SIC codes:
46719 Wholesale of other fuels and related products
46750 Wholesale of chemical products
47300 Retail sale of automotive fuel in specialised stores



SUMMARY

This company is 94.4 years old and is currently active. It is controlled by Libyan Investment Authority. The company has positive equity (net assets) of GBP 8.3 million which has decreased from the previous year's figure of GBP 11 million. The latest reported revenue figure is GBP 517.5 million which is up 30% on previous year's figure of GBP 411.7 million. The company has 2 active officers (directors or partners) who are or were officers of 2 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 517,464,058 4,875,813 1,596,661
31-Dec-2018 GBP 411,722,055 3,967,033 391,995 3,065,857
31-Dec-2017 GBP 374,643,356 4,707,938 2,125,601 -1,743,454
31-Dec-2016 GBP 282,091,659 5,582,151 1,177,777 3,770,239
31-Dec-2015 GBP 275,751,856 3,186,942 547,207 1,679,834
31-Dec-2014 GBP 401,347,829 2,159,561 675 433,763 332,831
31-Dec-2013 GBP 365,921,927 3,097,135 1,542 -1,068,693
31-Dec-2012 GBP 366,660,528 1,378,573 2,308 252,186 388,107
31-Dec-2011 GBP 381,833,053 2,391,559 40,064 703,536 1,339,236
31-Dec-2010 GBP 302,060,169 3,431,230 46,908 108,219 1,224,050 2,145
31-Dec-2009 GBP 244,983,235 2,457,104 93,272 3 -2,393 -498,025
31-Dec-2008 GBP 259,779,656 793,908 493,114 50,624 239,550 1,475,948


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 32,376,154 84,498,428 84,943,632 11,696,220 5,859,908 8,327,133
31-Dec-2018 GBP 16,849,617 73,385,679 71,884,550 11,696,220 7,043,466 10,997,867
31-Dec-2017 GBP 8,664,031 60,015,233 59,166,290 11,696,220 4,720,100 8,027,242
31-Dec-2016 GBP 13,607,393 70,886,928 66,239,927 11,696,220 3,646,098 9,770,696
31-Dec-2015 GBP 13,960,818 54,067,049 50,584,416 11,696,220 6,000,457
31-Dec-2014 GBP 1,813,391 2 51,385,911 4,541,290 11,696,220 -817,346 4,320,624
31-Dec-2013 GBP 2,532,426 48,903,661 46,138,273 11,696,220 1,157,177 3,640,132
31-Dec-2012 GBP 3,340,648 43,930,749 41,095,137 5,878,170 -2,288,360 480,030
31-Dec-2011 GBP 11,269,704 55,107,379 5,878,170 -1,432,578 306,489
31-Dec-2010 GBP 15,067,934 51,505,156 5,878,170 1,307,734 3,058,035
31-Dec-2009 GBP 13,909,459 49,479,266 5,878,170 -838,135 1,691,086
31-Dec-2008 GBP 15,770,105 42,091,775 47,767,437 5,878,170 190,893 3,324,801

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Resigned VELOCITY COMPANY SECRETARIAL SERVICES LIMITED 14 Nov 2008 01 Nov 2021 98 - 358
Resigned SHELL CORPORATE SECRETARY LIMITED 26 Nov 1997 14 Nov 2008 11 - 177
Resigned Dipa RAIVADERA 03 Oct 1994 26 Nov 1997 0 - 65
Resigned Diane June PENFOLD 30 Sep 1994 British 1 - 331

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Yousef ELHEMMALI 08 Sep 2021 Manager Libyan 2 - 00 (0.0%)
Active Moulaye Ali HAIDARA 27 Jan 2020 None Ivorian 1 - 10 (0.0%)
Resigned Omar Elfarok SAMIN 01 Sep 2017 08 Sep 2021 Engineer Libyan 0 - 10 (0.0%)
Resigned LOHL CORPORATE DIRECTOR LTD 28 Mar 2014 01 Sep 2017 0 - 10 (0.0%)
Resigned Elmarimi Ali Ali KASHIM 02 Mar 2012 27 Jan 2020 Engineer Libyan 0 - 10 (0.0%)
Resigned LIBYA OIL KENYA LIMITED 02 Mar 2012 28 Mar 2014 0 - 10 (0.0%)
Resigned Elhashmi Omar SAID 17 Oct 2010 28 Mar 2014 General Manager Libyan 0 - 10 (0.0%)
Resigned Ibrahim Mohamed Hadi BAGGAR 17 Oct 2010 28 Mar 2014 Lch Employee Libyan 0 - 10 (0.0%)
Resigned Elnass Khalifa Ali HASSAN 17 Oct 2010 28 Mar 2014 Lch Employee Libyan 0 - 10 (0.0%)
Resigned Abdussalam Yunes AHTIBA 14 Nov 2008 28 Mar 2014 Director Libyan 0 - 10 (0.0%)
Resigned SHELL CORPORATE DIRECTOR LIMITED 28 Feb 2000 14 Nov 2008 20 - 6559 (69.4%)
Resigned Reijer SCHOTHORST 17 May 1999 30 Jun 2000 Oil Company Executive Netherlands 0 - 104 (40.0%)
Resigned Jose Antonio SANTOLAYA 19 Jan 1999 18 May 2000 Oil Company Executive Spanish 0 - 62 (33.3%)
Resigned Donald Samuel DRYSDALE ANDERSON 27 Feb 1998 14 Apr 1999 Oil Company Executive British 0 - 104 (40.0%)
Resigned Banji Emmanuel OGUNGBEMI 03 Oct 1997 07 Mar 2000 Oil Company Executive Nigerian 0 - 40 (0.0%)
Resigned Martinus Jacobus TEN BRINK 29 Sep 1997 01 Mar 1999 Oil Company Executive Netherlands 0 - 176 (35.3%)
Resigned Sedick KALAM 31 Oct 1996 29 Sep 1997 Director South African 0 - 134 (30.8%)
Resigned Rainer REICH 24 Sep 1996 15 Feb 1998 Oil Company Executive Austrian 0 - 115 (45.5%)
Resigned Frederik Hendrik KOOL 23 Aug 1996 27 Jul 2000 Oil Company Executive Netherlands 0 - 102 (20.0%)
Resigned Trudy TAYLOR 16 Jul 1996 31 Oct 1996 Oil Company Executive Irish 0 - 144 (28.6%)
Resigned Wendy RICHARDS 12 Mar 1996 22 Jul 1996 Oil Company Executive British 0 - 73 (42.9%)
Resigned Howard Charles GATISS 12 Mar 1996 15 Sep 1997 Oil Co Exec British 2 - 103 (25.0%)
Resigned Veronica Alison CARTER 12 Mar 1996 16 Jul 1996 Oil Company Executive British 0 - 228 (36.4%)
Resigned Bernard Henri Auguste LEYRAUD 12 Mar 1996 30 Jun 2000 Oil Company Executive French 0 - 136 (46.2%)
Resigned Willem Hendrik August GRASSO 24 Apr 1995 12 Mar 1996 Oil Company Executive Dutch 0 - 123 (25.0%)
Resigned Alan DETHERIDGE 01 Aug 1994 12 Mar 1996 Oil Company Executive British 0 - 131 (7.7%)
Resigned David Norman GREEN 01 Dec 1993 12 Mar 1996 Oil Company Executive British 0 - 123 (25.0%)
Resigned Wulf Hinrich, Doctor BERNOTAT 15 Nov 1993 24 Mar 1995 Oil Company Executive German 0 - 194 (21.1%)
Resigned Rodney Taunton PEARSE 18 Jan 1993 01 Aug 1994 Oil Company Executiv Australian 0 - 111 (9.1%)
Resigned Peter ANKERS 30 Nov 1993 Oil Company Executive British 0 - 154 (26.7%)
Resigned Alan GOLDSMITH 18 Jan 1993 Oil Company Executive British 0 - 246 (25.0%)
Resigned Wulf Hinrich, Doctor BERNOTAT 24 Mar 1995 Oil Company Executive German 0 - 194 (21.1%)
Number of active directors: 2
Average tenure of active directors: 3.3 years
Average tenure of resigned directors: 2.3 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
LIBYA OIL SUDAN LIMITED (00202231) - Active
OLA ENERGY ETHIOPIA LIMITED (00243842) - Active
LIBYA OIL ERITREA LIMITED (02803744) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2021-03-312020-03-312016-03-312015-03-312014-03-31
OLA ENERGY HOLDINGS LTDORDINARY1,169,621
100.0%
1,169,621
100.0%
0
0%
0
0%
0
0%
OLA HOLDINGS LIMITEDORDINARY1
0.000%
0
0%
0
0%
0
0%
0
0%
TAMOIL AFRICA HOLDINGS LIMITEDORDINARY0
0%
1
0.000%
1
0.000%
1
0.000%
1
0.000%
LIBYA OIL HOLDINGS LIMITEDORDINARY0
0%
0
0%
1,169,621
100.0%
1,169,621
100.0%
1,169,621
100.0%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

OLA ENERGY ETHIOPIA LIMITED

no controlled companies

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2021-01-01 2021-06-30 % % 49154
2020-07-01 2020-12-31 % % 42771
2020-01-01 2020-06-30 % % 33990
2019-07-01 2019-12-31 % % 28730
2019-01-01 2019-06-30 % % 21251
2018-07-01 2018-12-31 % % 16515
2018-01-01 2018-06-30 % % 5092


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 46719 Wholesale of other fuels and related products)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
THE SHELL COMPANY OF THAILAND LIMITED SHELL CENTRE, LONDON, SE1 7NA 00130588 2019-12-31 135,854,782 2,651,392
BP INTERNATIONAL LIMITED CHERTSEY ROAD, SUNBURY ON THAMES, MIDDLESEX, TW16 7BP 00542515 2017-12-31 47,116,000,000 2,732,000,000 70100-Activities of head offices
GREENERGY FUELS LIMITED 198 HIGH HOLBORN, LONDON, WC1V 7BD 04058825 2017-12-31 10,617,458,000 10,492,000 82990-Other business support service activities not elsewhere classified
CERTAS ENERGY UK LIMITED 1ST FLOOR ALLDAY HOUSE, WARRINGTON ROAD, BIRCHWOOD, UNITED KINGDOM, WA3 6GR 04168225 2018-03-31 3,716,818,000 -14,560,000
SK ENERGY EUROPE LIMITED 20 NORTH AUDLEY STREET, LONDON, UNITED KINGDOM, W1K 6WE 04138778 2017-12-31 3,454,119,000 -7,491,000 50200-Sea and coastal freight water transport
BNK (UK) LIMITED SALATIN HOUSE, 19 CEDAR ROAD, SUTTON, SURREY, SM2 5DA 06527449 2012-12-31 3,452,512,000 1,521,000
CHEVRON PRODUCTS UK LIMITED 1 WESTFERRY CIRCUS, CANARY WHARF, LONDON, E14 4HA 03600726 2017-12-31 2,686,166,000 -11,018,000
EXXONMOBIL GAS MARKETING EUROPE LIMITED ERMYN HOUSE, ERMYN WAY, LEATHERHEAD, SURREY, ENGLAND, KT22 8UX 02517230 2017-12-31 2,387,000,000 5,000,000
PRIVATE OIL HOLDINGS OMAN LIMITED SHELL CENTRE, LONDON, ENGLAND, SE1 7NA 00329973 2017-12-31 2,067,578,000 0
PETROINEOS FUELS LIMITED THE ADELPHI 1-11, JOHN ADAM STREET, LONDON, UNITED KINGDOM, WC2N 6HT 07003774 2017-12-31 2,020,900,000 47,000,000
MABANAFT LIMITED MYO 2ND FLOOR, 123 VICTORIA STREET, LONDON, UNITED KINGDOM, SW1E 6DE 02960732 2017-12-31 1,482,190,000 5,670,000 82990-Other business support service activities not elsewhere classified
UK FUELS LIMITED EUROCARD CENTRE HERALD PARK, HERALD DRIVE, CREWE, CHESHIRE, CW1 6EG 02212080 2018-03-31 1,379,156,000 23,011,000
VIVO ENERGY NAMIBIA LIMITED 23 LOWER BELGRAVE STREET, LONDON, ENGLAND, SW1W 0NT 01214315 2017-06-30 1,360,339,000 26,354,000
SHELL COMPANY OF TURKEY LIMITED(THE) SHELL CENTRE, LONDON, SE1 7NA 00188307 2017-12-31 752,194,000 89,337,000
CORONA GAS MANAGEMENT LIMITED BUILDING 2 LEVEL 2, CROXLEY PARK, WATFORD, UNITED KINGDOM, WD18 8YA 02879748 2018-03-31 467,706,195 2,080,805
SOUTH HOOK GAS COMPANY LTD. LEVEL 28, THE SHARD, 32 LONDON BRIDGE STREET, LONDON, SE1 9SG 04963083 2018-12-31 445,035,000 -33,018,000
CALOR GAS LIMITED ATHENA HOUSE, ATHENA DRIVE TACHBROOK PARK, WARWICK, WARWICKSHIRE, CV34 6RL 00303703 2017-12-30 422,600,000 53,900,000
CORAL OIL COMPANY LIMITED(THE) C/O RWK GOODMAN LLP, 69 CARTER LANE, LONDON, ENGLAND, EC4V 5EQ 00203333 2017-12-31 375,055,000 1,064,000
LIBYA OIL ETHIOPIA LIMITED 2 NEW BAILEY, 6 STANLEY STREET, SALFORD, MANCHESTER, UNITED KINGDOM, M3 5GS 00243842 2017-12-31 374,643,356 1,743,454 46750-Wholesale of chemical products
47300-Retail sale of automotive fuel in specialised stores
BP MARINE LIMITED CHERTSEY ROAD, SUNBURY ON THAMES, MIDDLESEX, TW16 7BP 01214291 2017-12-31 317,815,000 7,883,000
AIR BP LIMITED CHERTSEY ROAD, SUNBURY ON THAMES, MIDDLESEX, TW16 7BP 01150609 2017-12-31 197,652,000 26,092,000
HIGHLAND FUELS LIMITED 2 MARISCHAL SQUARE, BROAD STREET, ABERDEEN, SCOTLAND, AB10 1DQ SC032343 2017-12-31 193,866,898 1,476,536
WEX EUROPE SERVICES LIMITED 7TH FLOOR, HYPHEN BUILDING, 75 MOSLEY STREET, MANCHESTER, ENGLAND, M2 3HR 08284241 2014-12-31 171,746,000 -10,787,000
CENTRICA ENERGY LIMITED MILLSTREAM MAIDENHEAD ROAD, WINDSOR, BERKSHIRE, SL4 5GD 02877398 2017-12-31 88,238,000 52,586,000 82990-Other business support service activities not elsewhere classified
CPL DISTRIBUTION LIMITED WESTTHORPE FIELDS ROAD, KILLAMARSH, SHEFFIELD, S21 1TZ 00544782 2018-03-31 85,211,000 1,469,000 47990-Other retail sale not in stores, stalls or markets
BP EASTERN MEDITERRANEAN LIMITED CHERTSEY ROAD, SUNBURY ON THAMES, MIDDLESEX, TW16 7BP 02239062 2017-12-31 75,832,531 -825,042 50200-Sea and coastal freight water transport
OILFAST LIMITED FUEL DEPOT, NETHAN STREET, MOTHERWELL, SCOTLAND, ML1 3TF SC453328 2018-06-30 70,651,857 0
HINGLEY & CALLOW OILS LIMITED SEVERN HOUSE, SANDY LANE INDUSTRIAL ESTATE, STOURPORT ON SEVERN, WORCESTERSHIRE, DY13 9QB 00955492 2018-06-30 60,096,733 0 47300-Retail sale of automotive fuel in specialised stores
T.W. SCOTT & SONS (FUELS) LIMITED 51,CURR ROAD,, BERAGH,, CO.TYRONE, BT79 0UW NI017420 2017-12-31 56,048,230 0
FUEL OILS (HOLDINGS) LIMITED UNIT 3-4 BURNETT ROAD, DARENT INDUSTRIAL PARK, ERITH, KENT, UNITED KINGDOM, DA8 2LG 01708836 2017-09-30 53,721,969 0
WEBER-STEPHEN PRODUCTS (U.K.) LIMITED 10TH FLOOR THE METRO BUILDING, 1 BUTTERWICK, LONDON, W6 8DL 03518831 2017-09-30 25,357,164 0
TINCKNELL FUELS LIMITED CATHEDRAL VIEW OFFICES, 19 WOOKEY HOLE ROAD, WELLS, SOMERSET, BA5 2BT 01081952 2018-04-30 25,226,645 0
KINCH FUEL OILS LIMITED REDWAY, HORNBURY HILL, MINETY, MALMESBURY WILTS, SN16 9QH 01492318 2018-07-31 14,888,073 0
OPIE OILS LIMITED THE FUEL DEPOT CARDREW INDUSTRIAL ESTATE, CARDREW WAY, REDRUTH, CORNWALL, TR15 1SS 02993088 2018-04-30 8,820,303 0
WESTERN BIO-ENERGY (FUELS) LIMITED WESTERN BIO ENERGY LTD, LONGLAND LANE, PORT TALBOT, WEST GLAMORGAN, WALES, SA13 2NR 05210135 2018-03-31 5,416,512 0
SMASTY LTD PALLISER HOUSE SECOND FLOOR, PALLISER ROAD, LONDON, ENGLAND, W14 9EB 08406138 2018-02-28 999,258 0 46750-Wholesale of chemical products
46760-Wholesale of other intermediate products
70229-Management consultancy activities other than financial management
WISE OIL COMPANY LTD 170 MONEYREA ROAD, MONEYREA, NEWTOWNARDS, COUNTY DOWN, NORTHERN IRELAND, BT23 6BH NI633518 2018-09-30 138,366 0
ACW LOGISTICS LIMITED 1 FERNWOOD, NORTON, RUNCORN, CHESHIRE, UNITED KINGDOM, WA7 6UT 10399099 2017-09-30 41,816 0
OILTECH LUBRICANTS LIMITED 191 STATION ROAD, SHOTTS, ML7 4BA SC078712 2018-04-30 0 0
NETHAN HOLDINGS LIMITED , , C/O OILFAST LTD, NETHAN STREET, MOTHERWELL, , SCOTLAND, ML1 3TF SC634664 0000-00-00 0 0
RADIUS PAYMENT SOLUTIONS LIMITED EUROCARD CENTRE HERALD PARK, HERALD DRIVE, CREWE, ENGLAND, CW1 6EG 08260702 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
OLA ENERGY ETHIOPIA LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.6% 1.7% 2.7% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.8% 4.4% 8.7% Medium
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