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ISLE OF WIGHT FUELS LIMITED
10 BRICKET ROAD, ST ALBANS, HERTFORDSHIRE, AL1 3JXCompany Number: 08011071
Incorporation date: 29-Mar-2012
Status: Active
Entity type: Private Limited Company
SIC codes:
46711 Wholesale of petroleum and petroleum products
SUMMARY
This company is 12 years old and is currently active. It is controlled by Malthurst Petroleum Limited. The company has negative equity (net assets) of GBP -3.4 million which has worsened since the previous year's figure of GBP -2.8 million. The latest reported revenue figure is GBP 26 million which is down -60% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -3.4 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 4 active officers (directors or partners) who are or were officers of 74 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-2024Accounts Filed: AUDIT EXEMPTION SUBSIDIARY (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 25,981,000 | -184,000 | 4,000 | 392,000 | -631,000 | |
31-Dec-2018 | GBP | 68,705,000 | -1,365,000 | 4,000 | 221,000 | -1,530,000 | |
01-Oct-2017 | GBP | 63,798,000 | -399,000 | 3,000 | -399,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 1,475,000 | 9,341,000 | 13,926,000 | -3,404,000 | -3,404,000 | |||
31-Dec-2018 | GBP | 1,369,000 | 5,316,000 | 9,308,000 | -2,773,000 | -2,773,000 | |||
01-Oct-2017 | GBP | 8,688,000 | 4,000 | -1,243,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2018 | GBP | inf% | -4,000 | 4,000 | 0 | -682,500 |
** 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) |
---|---|---|---|---|---|---|
Active | PINSENT MASONS SECRETARIAL LIMITED | 07 Mar 2019 | 28 Mar 2024 | 440 - 2645 | ||
Resigned | David HATHAWAY | 29 Mar 2012 | 07 Mar 2019 | 0 - 1 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Thomas Mckenzie BIGGART | 11 Mar 2019 | Surveyor | British | 26 - 16 | 0 (0.0%) | |
Active | Simon Paul LANE | 22 Nov 2018 | Chief Financial Officer | British | 13 - 14 | 0 (0.0%) | |
Active | Jeremy CLARKE | 22 Nov 2018 | Chief Operating Officer | British | 38 - 13 | 0 (0.0%) | |
Active | William Bahlsen BANNISTER | 22 Nov 2018 | Chief Executive | British | 45 - 24 | 0 (0.0%) | |
Resigned | Graham Paul TIMBERS | 03 Oct 2018 | 12 Feb 2019 | Managing Director | British | 0 - 39 | 0 (0.0%) |
Resigned | Karen Juanita, Dr DICKENS | 29 Feb 2016 | 22 Jun 2018 | Chief Executive | British | 0 - 41 | 2 (4.9%) |
Resigned | Steven John BACK | 29 Feb 2016 | 15 Oct 2018 | Chief Financial Officer | British | 0 - 52 | 6 (11.5%) |
Resigned | Guy James VIGAR | 26 Aug 2014 | 05 May 2016 | Manager | British | 1 - 4 | 1 (20.0%) |
Resigned | Susan Margaret TOBBELL | 29 Mar 2012 | 30 Apr 2012 | Director | British | 5 - 30 | 2 (5.7%) |
Resigned | Graham Frederick PEACOCK | 29 Mar 2012 | 30 Apr 2012 | Director | British | 10 - 38 | 4 (8.3%) |
Resigned | Richard Antony Cargill SCOTT | 29 Mar 2012 | 05 May 2015 | Director | British | 0 - 51 | 12 (23.5%) |
Resigned | John Charles LYNN | 29 Mar 2012 | 31 May 2016 | Director | British | 0 - 32 | 2 (6.3%) |
Average tenure of active directors: 5.3 years
Average tenure of resigned directors: 1.8 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
ISLE OF WIGHT FUELS LIMITED
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
46711 Wholesale of petroleum and petroleum products)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
SHELL TRADING INTERNATIONAL LIMITED | SHELL CENTRE, YORK ROAD, LONDON, SE1 7NA | 03634752 | 2017-12-31 | 71,597,509,000 | 90,485,000 |
66120-Security and commodity contracts dealing activities |
BELFAST STORAGE LIMITED | C/O CARSON MCDOWELL LLP MURRAY HOUSE, MURRAY STREET, BELFAST, CO. ANTRIM, NORTHERN IRELAND, BT1 6DN | NI647768 | 2017-12-31 | 14,447,000,000 | 1,584,000,000 | |
UNIPEC U.K. CO. LIMITED | 13-15 MOORGATE, LONDON, ENGLAND, EC2R 6AD | 03138679 | 2017-12-31 | 14,104,311,000 | 49,069,000 | |
PUMA ENERGY (UK) LIMITED | WESTERLEIGH TERMINAL OAKLEIGH GREEN FARM LANE, WESTERLEIGH, BRISTOL, ENGLAND, BS37 8QE | 09156625 | 2017-12-31 | 1,489,738,000 | -9,391,000 |
46719-Wholesale of other fuels and related products 52101-Operation of warehousing and storage facilities for water transport activities 52103-Operation of warehousing and storage facilities for land transport activities |
KUWAIT PETROLEUM INTERNATIONAL AVIATION COMPANY (U.K.) LIMITED | DUKE'S COURT, DUKE STREET, WOKING, SURREY, GU21 5BH | 01744961 | 2018-03-31 | 1,437,105,000 | 20,884,000 | |
C H JONES LIMITED | CANBERRA HOUSE LYDIARD FIELDS, GREAT WESTERN WAY, SWINDON, ENGLAND, SN5 8UB | 00305804 | 2017-12-31 | 621,844,000 | 13,162,000 | |
APIOIL UK LIMITED | 21 NEW ROW, 4TH FLOOR, LONDON, ENGLAND, WC2N 4LE | 01784532 | 2017-12-31 | 614,019,206 | 2,684,635 | |
THE FUELCARD COMPANY UK LIMITED | CANBERRA HOUSE LYDIARD FIELDS, GREAT WESTERN WAY, SWINDON, ENGLAND, SN5 8UB | 05939102 | 2017-12-31 | 415,560,000 | 9,788,000 | |
SHELL INTERNATIONAL TRADING AND SHIPPING COMPANY LIMITED | SHELL CENTRE, LONDON, ENGLAND, SE1 7NA | 00525037 | 2017-12-31 | 414,007,306 | -1,232,504 |
50200-Sea and coastal freight water transport 66120-Security and commodity contracts dealing activities |
J.R. RIX & SONS LIMITED | 2 HUMBER QUAYS, WELLINGTON STREET WEST, HULL, ENGLAND, HU1 2BN | 00577587 | 2017-12-31 | 407,143,756 | 4,749,567 |
46719-Wholesale of other fuels and related products 70100-Activities of head offices |
FLOGAS BRITAIN LIMITED | 81 RAYNS WAY, SYSTON, LEICESTER, LEICESTERSHIRE, LE7 1PF | 00993638 | 2018-03-31 | 213,364,000 | 10,189,000 | |
DCC ENERGY LTD | AIRPORT ROAD WEST, SYDENHAM, BELFAST, BT3 9ED | NI010293 | 2018-03-31 | 169,674,000 | 3,961,000 | |
BUSINESS OIL PLATFORM LIMITED | THE NEWS BUILDING, 3 LONDON BRIDGE STREET, LONDON, UNITED KINGDOM, SE1 9SG | 06956515 | 2017-12-31 | 118,897,765 | 0 |
46719-Wholesale of other fuels and related products 50200-Sea and coastal freight water transport 50400-Inland freight water transport |
PREMIER OIL E&P UK ENERGY TRADING LIMITED | TENEO FINANCIAL ADVISORY LIMITED THE COLMORE BUILDING, COLMORE CIRCUS QUEENSWAY, BIRMINGHAM, B4 6AT | 04103928 | 2017-12-31 | 93,423,000 | 7,237,000 | |
COURSE HILL FUEL DEPOT LIMITED | COURSE HILL FUEL DEPOT, UPPER CARNE ROAD,TEMPLETON, NARBERTH, SA67 8SR | 03676766 | 2018-03-31 | 14,954,028 | 0 |
46719-Wholesale of other fuels and related products |
COSMO OIL (U.K.) LIMITED | 7 OLD PARK LANE, LONDON, W1K 1QR | 02629062 | 2018-12-31 | 649,000 | 62,000 | |
UK COMMERCE & TRADING LTD. | 99 WEST TOWN LANE, BRISTOL, BS4 5DZ | 05415446 | 2018-04-30 | 0 | 0 |
64999-Financial intermediation not elsewhere classified 68100-Buying and selling of own real estate |
KUWAIT PETROLEUM (U.K. HOLDINGS) LIMITED | DUKES COURT, DUKE STREET, WOKING, SURREY, GU21 5BH | 02063581 | 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 |
---|---|---|---|---|
ISLE OF WIGHT FUELS LIMITED | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.4% | 1.7% | 3.3% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.4% | 1.3% | 3.0% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |