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PHILLIPS 66 CS LIMITED
7TH FLOOR, 200-202 ALDERSGATE STREET, LONDON, EC1A 4HDPrevious name: CONOCOPHILLIPS CS LIMITED (changed on 02-Jul-2012)
Previous name: CONOCOPHILLIPS COMMERCIAL STORAGE LIMITED (changed on 21-Jul-2011)
Previous name: CONOCOPHILLIPS EUROPEAN GAS AND POWER LIMITED (changed on 18-May-2010)
Company Number: 02809975
Incorporation date: 16-Apr-1993
Status: Active - Proposal to Strike off
Entity type: Private Limited Company
SIC codes:
52101 Operation of warehousing and storage facilities for water transport activities
SUMMARY
This company is 31.5 years old and is currently active - proposal to strike off. It is controlled by multiple entities. The company has positive equity (net assets) of USD 169.6 million which has decreased from the previous year's figure of USD 184.1 million. The latest reported revenue figure is USD 986 million which is up 70% on previous year's figure of USD 586 million. Retained earnings is negative (USD -480.5 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 1 active officers (directors or partners) who are or were officers of 12 other companies, 5 (41.7%) of which have since been dissolved or are proposed for strike off. 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: 31-Mar-2023Accounts Filed: FULL (31-Dec-2020)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|---|---|---|---|---|---|---|
| 31-Dec-2018 | USD | 986,044,000 | -18,932,000 | 1,167,000 | -14,501,000 | ||
| 31-Dec-2017 | USD | 586,030,000 | -14,732,000 | 668,000 | -8,068,000 | ||
| 31-Dec-2016 | USD | 497,341,000 | -6,090,000 | 6,857,000 | 10,000 | -330,110,000 | |
| 31-Dec-2015 | USD | 4,509,022,000 | -17,318,000 | 5,388,000 | -11,930,000 | ||
| 31-Dec-2014 | USD | 3,363,576,000 | -33,369,000 | 7,894,000 | 5,000 | 912,000 | -31,244,000 |
| 31-Dec-2013 | GBP | 1,947,680,000 | -35,561,000 | 1,579,000 | 8,297,000 | -28,032,000 | |
| 31-Dec-2012 | GBP | 2,099,198,000 | -32,464,000 | 1,320,000 | 7,630,000 | -23,514,000 | |
| 31-Dec-2011 | GBP | 409,666,000 | -8,006,000 | 8,000 | -8,014,000 |
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Dec-2018 | USD | 116,859,000 | 185,745,000 | 362,326,000 | 288,046,000 | -480,548,000 | 169,606,000 | ||
| 31-Dec-2017 | USD | 149,240,000 | 197,990,000 | 362,326,000 | 288,046,000 | -466,047,000 | 184,107,000 | ||
| 31-Dec-2016 | USD | 100,523,000 | 216,617,000 | 362,326,000 | 288,046,000 | -457,979,000 | 192,175,000 | ||
| 31-Dec-2015 | USD | 64,000 | 634,738,000 | 362,326,000 | 288,046,000 | -127,869,000 | 522,286,000 | ||
| 31-Dec-2014 | USD | 18,000 | 206,377,000 | 1,000 | 288,046,000 | -115,939,000 | |||
| 31-Dec-2013 | GBP | 250,000 | 83,602,000 | 193,676,000 | -64,468,000 | 129,208,000 | |||
| 31-Dec-2012 | GBP | 206,000 | 133,865,000 | 193,676,000 | 158,912,000 | ||||
| 31-Dec-2011 | GBP | 25,591,000 | 46,609,000 | 4,041,000 | 49,705,000 | 42,568,000 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 31-Dec-2015 | USD | 100.00% | 362,325,000 | 1,000 | 362,326,000 | 181,122,500 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
|---|---|---|---|---|---|---|
| unknown | Anna JANASZEK | 31 Oct 2018 | 07 Oct 2024 | 0 - 1 | ||
| unknown | Sarah GENNINGS | 12 Jan 2018 | 07 Oct 2024 | 0 - 1 | ||
| Resigned | Michelle Ann DUNNE | 19 Aug 2014 | 31 Oct 2018 | 0 - 1 | ||
| unknown | Ruth Maretta WHITE | 30 Apr 2012 | 07 Oct 2024 | 0 - 1 | ||
| Resigned | Edith Jeannie STIRRUP | 13 Aug 2003 | 12 Jan 2018 | Other | 0 - 31 | |
| Resigned | Elaine June WARD | 13 Aug 2003 | 13 Oct 2006 | British | 0 - 26 | |
| Resigned | David GRIMSHAW | 13 Aug 2003 | 30 Apr 2012 | Other | 0 - 48 | |
| Resigned | Thomas Edward COOK | 11 Nov 2002 | 13 Aug 2003 | Lawyer | American | 0 - 37 |
| Resigned | Derryl Lynn COLLINS | 05 Oct 1998 | 11 Nov 2002 | Lawyer | British | 0 - 51 |
| Resigned | Christopher James EDWARDS | 23 Jan 1998 | 03 Nov 2000 | British | 0 - 6 | |
| Resigned | Robert Edward PELZER | 31 Jul 1996 | 05 Oct 1998 | Canadian | 0 - 27 | |
| Resigned | Frank Lawrence GANNON | 01 Jul 1994 | 15 Jun 1997 | American | 0 - 17 | |
| Resigned | Adrian Derek Glendon HILL | 07 May 1993 | 31 Jul 1996 | Secretary | British | 0 - 20 |
| Resigned | Derryl Lynn COLLINS | 07 May 1993 | 01 Jul 1994 | Secretary | British | 0 - 1 |
| Resigned | David GRIMSHAW | 07 May 1993 | 23 Jan 1998 | Secretary | Other | 0 - 48 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Resigned | Mark Earl MCCULLOCH | 08 Jan 2021 | 02 Dec 2022 | Gm, Global Crude Trading | American | 0 - 6 | 1 (16.7%) |
| Resigned | Giles Robert, David, GRIFFITHS | 18 Nov 2020 | 09 May 2022 | Manager, Clean Products Trading, Europe | British | 0 - 3 | 1 (33.3%) |
| Resigned? | Neal Andrew, Mr. HOLLAND | 31 Dec 2018 | Manager, Accounting | British | 8 - 8 | 3 (18.8%) | |
| Resigned? | Leslie Leroy JENKINS | 31 Aug 2018 | Manager, Finance | American | 0 - 14 | 3 (21.4%) | |
| Resigned | Michael John LAMBERT | 21 Oct 2016 | 31 Aug 2018 | Finance Manager | British | 0 - 9 | 3 (33.3%) |
| Resigned | Kimberly Diane HEAD | 05 Sep 2016 | 31 Dec 2020 | Global Trading Lead | American | 0 - 6 | 1 (16.7%) |
| Resigned | John Esson DAVIDSON | 02 Apr 2015 | 31 Dec 2018 | Manager, Business Development | British | 0 - 12 | 5 (41.7%) |
| Resigned | Edward Norman MATTHEWS | 30 Sep 2014 | 28 Sep 2018 | Manager - European Supply & Optimisation | British | 0 - 2 | 1 (50.0%) |
| Resigned | Julian Richard STOLL | 08 Nov 2013 | 05 Sep 2016 | Lead Executive Uk/General Manager Humber Refinery | British | 0 - 9 | 1 (11.1%) |
| Active | Gary Stuart TAYLOR | 17 May 2013 | Senior Tax Advisor | British | 9 - 4 | 6 (46.2%) | |
| Resigned? | Gary Stuart TAYLOR | 17 May 2013 | Tax And Treasury Manager | British | 10 - 6 | 3 (18.8%) | |
| Resigned | Jeffrey Craig MCCALL | 19 Apr 2012 | 21 Oct 2016 | F&Ci Manager | Us Citizen | 0 - 13 | 6 (46.2%) |
| Resigned | Brian Scott COFFMAN | 19 Apr 2012 | 01 Nov 2013 | General Manager | Usa | 0 - 9 | 1 (11.1%) |
| Resigned | David Robert BLAKEMORE | 19 Apr 2012 | 02 Apr 2015 | Manager Administrative Services | British | 0 - 15 | 5 (33.3%) |
| Resigned | Rupert Justin TURNER | 22 Mar 2012 | 31 Jul 2014 | Business Executive | British | 7 - 11 | 3 (16.7%) |
| Resigned | Michael James MORRISON | 08 Jun 2010 | 24 Mar 2016 | Commercial Trading Lead, Distillate | Us Citizen | 0 - 8 | 2 (25.0%) |
| Resigned | Christopher William CONWAY | 08 Jun 2010 | 30 Apr 2012 | President Global Trading | U.S. Citizen | 0 - 20 | 3 (15.0%) |
| Resigned | James Everett BARTON | 08 Jun 2010 | 30 Apr 2012 | Manager, Finance | United States | 0 - 8 | 2 (25.0%) |
| Resigned | Andrew David Richard HASTINGS | 09 Oct 2009 | 08 Jun 2010 | General Manager Partner Ops | British | 0 - 35 | 11 (31.4%) |
| Resigned | Robert Hendry ANDERSON | 07 Sep 2009 | 08 Jun 2010 | Manager Finance Uk | British | 2 - 32 | 10 (29.4%) |
| Resigned | Paul Cyril WARWICK | 03 Apr 2009 | 08 Jun 2010 | President Europe & W. Africa | British | 0 - 28 | 9 (32.1%) |
| Resigned | Andrew Roy HALLIWELL | 05 Aug 2005 | 05 Mar 2010 | Business Executive | British | 0 - 52 | 15 (28.8%) |
| Resigned | Archibald Wood KENNEDY | 22 Mar 2004 | 03 Apr 2009 | Business Executive | British | 0 - 43 | 11 (25.6%) |
| Resigned | Christopher GAUTREY | 21 Jan 2004 | 07 Sep 2009 | Business Executive | British | 0 - 35 | 8 (22.9%) |
| Resigned | Andrew Roy HALLIWELL | 14 Jan 2004 | 22 Mar 2004 | Business Executive | British | 0 - 52 | 15 (28.8%) |
| Resigned | James Deas MCMORRAN | 14 Aug 2003 | 31 Dec 2003 | Business Executive | British | 0 - 32 | 9 (28.1%) |
| Resigned | Todd William FREDIN | 14 Aug 2003 | 31 Jan 2010 | Business Executive | American | 0 - 30 | 9 (30.0%) |
| Resigned | Page Frank MAXSON | 14 Aug 2003 | 22 Nov 2004 | General Manager | American | 0 - 24 | 7 (29.2%) |
| Resigned | Arild SKJERVOY | 14 Aug 2003 | 05 Aug 2005 | Exploration Manager | Norwegian | 0 - 24 | 7 (29.2%) |
| Resigned | Thomas Edward COOK | 11 Nov 2002 | 14 Aug 2003 | Lawyer | American | 0 - 37 | 13 (35.1%) |
| Resigned | Roger Stephen RAMSHAW | 03 Sep 2002 | 31 Dec 2003 | Business Executive | British | 0 - 28 | 7 (25.0%) |
| Resigned | Gisle ERIKSEN | 23 Jul 2001 | 14 Aug 2003 | Business Executive | Norwegian | 0 - 18 | 4 (22.2%) |
| Resigned | Steven Michael THEEDE | 01 Jul 2000 | 14 Aug 2003 | Business Executive | Us Citizen | 0 - 17 | 3 (17.6%) |
| Resigned | George Edward WATKINS | 01 Mar 1999 | 03 Sep 2002 | Business Executive | British | 2 - 28 | 5 (16.7%) |
| Resigned | Derryl Lynn COLLINS | 05 Oct 1998 | 11 Nov 2002 | Lawyer | British | 0 - 51 | 18 (35.3%) |
| Resigned | Robert Hendry ANDERSON | 01 Aug 1998 | 01 Jul 2001 | Business Executive | British | 0 - 1 | 1 (100.0%) |
| Resigned | Robert Edward PELZER | 23 Jan 1998 | 05 Oct 1998 | Lawyer | Canadian | 0 - 27 | 8 (29.6%) |
| Resigned | Thomas Clifford KNUDSON | 01 Jun 1997 | 01 Jul 2000 | Business Executive | U S Citizen | 0 - 13 | 1 (7.7%) |
| Resigned | Martin Chilton LOCKLEY | 23 Apr 1997 | 25 Feb 2002 | Business Executive | British | 0 - 3 | 1 (33.3%) |
| Resigned | Robert Earle MCKEE | 31 May 1996 | 31 Mar 2003 | Business Executive | U S Citizen | 0 - 1 | 1 (100.0%) |
| Resigned | Malcolm David GRIFFITHS | 06 Feb 1995 | 18 Sep 2003 | Business Executive | British | 0 - 24 | 6 (25.0%) |
| Resigned | David Peter ORR | 07 May 1993 | 06 Feb 1995 | Business Executive | British | 0 - 3 | 2 (66.7%) |
| Resigned | Michael Titus SWENSON | 07 May 1993 | 23 Apr 1997 | Business Executive | American | 0 - 2 | 1 (50.0%) |
| Resigned | John Ronald WALSH | 07 May 1993 | 01 Mar 1999 | Director | Us Citizen | 0 - 8 | 2 (25.0%) |
| Resigned | Roger Lee ABEL | 07 May 1993 | 01 Jun 1997 | Business Executive | Us Citizen | 0 - 9 | 1 (11.1%) |
| Resigned | Archie Wallace DUNHAM | 07 May 1993 | 31 May 1996 | Business Executive | Us Citizen | 0 - 4 | 1 (25.0%) |
| Resigned | David GRIMSHAW | 07 May 1993 | 23 Jan 1998 | Barrister | Other | 0 - 48 | 13 (27.1%) |
| Resigned | COMBINED NOMINEES LIMITED | 16 Apr 1993 | 07 May 1993 | 0 - 7250 | 3099 (42.7%) | ||
| Resigned | COMBINED SECRETARIAL SERVICES LIMITED | 16 Apr 1993 | 07 May 1993 | 0 - 13333 | 5665 (42.5%) |
Average tenure of active directors: 34.7 years
Average tenure of resigned directors: 2.8 years
Average active director Dissolution Rate: 46.2%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
|
Name
|
||
|---|---|---|
| PHILLIPS 66 LIMITED (00529086) - Active | ✔ | |
| PHILLIPS 66 CS LIMITED (02809975) - Active - Proposal to Strike off | ✔ | |
| SOUTHERN ENERGY UK GENERATION LIMITED (03321733) - Dissolved | ✔ | |
| PHILLIPS 66 EUROPEAN POWER LIMITED (03714490) - Active - Proposal to Strike off | ✔ | |
| TEES VALLEY CHP LIMITED (07085384) - Dissolved | ✔ | |
| PHILLIPS 66 TVEC LIMITED (07085573) - Dissolved | ✔ | |
| PHILLIPS 66 TRADING LIMITED (07835064) - Active | ✔ | |
| PHILLIPS 66 TS LIMITED (07835800) - Active | ✔ | |
| PHILLIPS 66 UK HOLDINGS LIMITED (07853993) - Active | ✔ | |
| PHILLIPS 66 TREASURY LIMITED (07855443) - Active | ✔ | |
| PHILLIPS 66 UK FUNDING LIMITED (07860616) - Active | ✔ | |
| PHILLIPS 66 PENSION PLAN TRUSTEE LIMITED (07908113) - Active | ✔ | |
| PHILLIPS 66 UK DEVELOPMENT LIMITED (08170037) - Active - Proposal to Strike off | ✔ |
SHAREHOLDERS (BETA)
| Shareholder name | Share class | Shares at confirmation date | ||||
|---|---|---|---|---|---|---|
| 2016-09-23 | 2015-09-23 | 2014-09-23 | 2013-09-23 | 2012-09-23 | ||
| PHILLIPS 66 UK FUNDING LIMITED | ORDINARY $ | 225,000,500 100.0% | 0 0% | 0 0% | 0 0% | 0 0% |
| PHILLIPS 66 UK FUNDING LIMITED | ORDINARY | 50,000 0.022% | 0 0% | 0 0% | 0 0% | 0 0% |
| PHILLIPS 66 LIMITED | ORDINARY | 0 0% | 500 100% | 500 100% | 500 100% | 500 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
PHILLIPS 66 CS 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 |
|---|---|---|---|---|---|
| 2022-01-01 | 2022-06-30 | 15 | 2% | 12% | 60036 |
| 2021-07-01 | 2021-12-31 | 19 | 8% | 17% | 54756 |
| 2021-01-01 | 2021-06-30 | 14 | 1% | 3% | 48378 |
| 2020-07-01 | 2020-12-31 | 15 | 1% | 9% | 40421 |
| 2020-06-01 | 2020-06-30 | 16 | 2% | 7% | 34802 |
| 2019-07-01 | 2019-12-31 | 17 | 2% | 11% | 25776 |
| 2019-01-01 | 2019-06-30 | 18 | 2% | 10% | 17503 |
| 2018-07-01 | 2018-12-31 | 19 | 2% | 13% | 10531 |
| 2018-01-01 | 2018-06-30 | 18 | 2% | 13% | 4328 |
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
52101 Operation of warehousing and storage facilities for water transport activities)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| PHILLIPS 66 CS LIMITED | 7TH FLOOR, 200-202 ALDERSGATE STREET, LONDON, EC1A 4HD | 02809975 | 2017-12-31 | 586,030,000 | -8,068,000 | |
| DAVIES TURNER PLC | WEST MIDLANDS FREIGHT TERMINAL, STATION ROAD, COLESHILL, WEST MIDLANDS, B46 1DT | 00062270 | 2018-03-31 | 172,195,000 | 3,943,000 |
52102-Operation of warehousing and storage facilities for air transport activities 52103-Operation of warehousing and storage facilities for land transport activities |
| CYGNIA LOGISTICS LIMITED | METHUEN PARK, METHUEN PARK, CHIPPENHAM, ENGLAND, SN14 0WT | 03748474 | 2018-03-31 | 45,373,369 | 493,873 |
52102-Operation of warehousing and storage facilities for air transport activities 52103-Operation of warehousing and storage facilities for land transport activities 52290-Other transportation support activities |
| LIVERPOOL BULK LIQUIDS LIMITED | HARLESCOTT, BATTLEFIELD ROAD, SHREWSBURY, SHROPSHIRE, UNITED KINGDOM, SY1 4AH | 03599562 | 2018-03-31 | 974,232 | 0 | |
| HCS MARINE LIMITED | 38 HOLLOWAY ROAD, MALDON, ESSEX, UNITED KINGDOM, CM9 4SQ | 09959111 | 2018-01-31 | 52,241 | 0 | |
| QUINTA COTTAGES LIMITED | KINGS MANOR, FRESHWATER, ISLE OF WIGHT, PO40 9TL | 04891337 | 2018-09-30 | 34,942 | 0 | |
| TAMAR STORAGE LIMITED | THE WAREHOUSE, MARSHALL ROAD, PLYMOUTH, DEVON, PL7 1YB | 09242138 | 2018-01-31 | 626 | 0 | |
| ASCO (DC2) LIMITED | GREAT YARMOUTH OFFSHORE SUPPLY, BASE SOUTH DENES ROAD, GREAT YARMOUTH, NORFOLK, NR30 3LX | 05898050 | 0000-00-00 | 0 | 0 |
52103-Operation of warehousing and storage facilities for land transport activities 52290-Other transportation support activities |
| ASCO (DC4) LIMITED | GREAT YARMOUTH OFFSHORE SUPPLY, BASE SOUTH DENES ROAD, GREAT YARMOUTH, NORFOLK, NR30 3LX | 05898058 | 0000-00-00 | 0 | 0 |
52103-Operation of warehousing and storage facilities for land transport activities 52290-Other transportation support activities |
LIQUIDATION RISK (BETA)
This company is Active - Proposal to Strike off. Statistically, such companies have a VERY HIGH 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 |
|---|---|---|---|---|
| Company status | 71.1% | 73.9% | 76.8% | High |
| Other companies Active in the same sector | Too few competitors | |||
| Age | 0.3% | 1.3% | 2.4% | 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 | 0.7% | 3.5% | 7.0% | Medium |
