WFL (UK) LIMITED
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Cash
£850k
highest in 3 filed years
Net assets
£56m
highest in 3 filed years
Employees
515
lowest in 3 filed years
Profit before tax
£691k
Period ending 2026-03-31
Watch the reel
Our short-form breakdown of WFL (UK) LIMITED's latest filing
Watson Fuels filed £1.32bn in revenue for a 15-month period, but auditors flagged a material uncertainty over their refinancing. ⛽️📉
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
Although the directors are confident that a borrowing facility will be available for the foreseeable future, either through extending or re-financing the current arrangement, as this is not yet secured, this represents a material uncertainty relating to events or conditions that may cast significant doubt on the company's ability to continue as a going concern.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,614,980,000 | £1,376,489,000 | £1,320,239,000 | — | |
| Operating profit | -£4,730,000 | -£5,817,000 | £2,888,000 | — | |
| Profit before tax | -£4,336,000 | -£7,137,000 | £691,000 | — | |
| Net profit | -£4,383,000 | -£3,402,000 | £329,000 | — | |
| Cash | £771,000 | £104,000 | £850,000 | — | |
| Total assets less current liabilities | — | £61,132,000 | £72,211,000 | — | |
| Net assets | £54,687,000 | £51,285,000 | £55,734,000 | — | |
| Equity | £54,687,000 | £51,285,000 | £55,734,000 | — | |
| Average employees | 630 | 608 | 515 | — | |
| Wages | £15,392,000 | £26,427,000 | £30,276,000 | — | |
| Directors' remuneration | £980,000 | £724,000 | £928,000 | — | |
| Directors' pension contributions | £36,000 | £32,000 | £36,000 | — | |
| Highest paid director | £388,000 | £296,000 | £366,000 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 15 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -0.3% | -0.4% | 0.2% | |
| Net margin | -0.3% | -0.2% | 0.0% | |
| Return on capital employed | — | -9.5% | 4.0% | |
| Gearing (liabilities / total assets) | 75.7% | 68.0% | 76.8% | |
| Current ratio | 1.23x | 1.33x | 1.23x | |
| Interest cover | -2.08x | -2.38x | 1.29x |
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.
Name history
Renamed 1 time since incorporation
- WFL (UK) LIMITED 2014-10-01 → present
- WATSON PETROLEUM LIMITED 1957-11-20 → 2014-10-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Although the directors are confident that a borrowing facility will be available for the foreseeable future, either through extending or re-financing the current arrangement, as this is not yet secured, this represents a material uncertainty relating to events or conditions that may cast significant doubt on the company's ability to continue as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRAIN, Daniel John | Director | 2025-01-13 | Jan 1975 | British |
| GALVIN, Shaun | Director | 2021-05-01 | Jan 1984 | British |
| HOMER, Christopher | Director | 2025-05-21 | Dec 1989 | British |
| WHITTON, Matthew David | Director | 2025-01-13 | Dec 1978 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARNETT, Andrew Nicholas | Secretary | 2006-04-19 | 2014-03-07 |
| WATSON, Anthony | Secretary | — | 2006-04-19 |
| DENTONS SECRETARIES LIMITED | Corporate Secretary | 2014-03-07 | 2017-06-15 |
| REED SMITH CORPORATE SERVICES LIMITED | Corporate Secretary | 2017-06-15 | 2025-04-09 |
| BISHOP, Claire Jean | Director | 2018-01-15 | 2024-10-31 |
| COLE, Jonathan Robert | Director | 2014-03-07 | 2017-05-26 |
| CROWELL, Ronald Benson | Director | 2014-03-07 | 2015-08-28 |
| DECLARIS, Wade Nicholas | Director | 2014-03-07 | 2016-02-19 |
| FRANCIS, Colin | Director | 2021-07-14 | 2024-04-01 |
| LEAMAN, Richard | Director | 2021-05-01 | 2025-01-13 |
| MORGAN, Stuart | Director | 2015-03-27 | 2017-12-31 |
| ROBERTS, Grant Scott | Director | 2018-04-17 | 2021-07-14 |
| RUTHERFORD, Guy Gibson | Director | 2011-03-21 | 2015-08-28 |
| TAYLOR, Robert | Director | 2017-06-30 | 2021-05-31 |
| URBAN, Adrienne Beth | Director | 2014-03-07 | 2015-08-28 |
| VIAN, Paul Thomas | Director | 2016-02-11 | 2019-04-18 |
| WATSON, Andrew Richard | Director | 2006-04-19 | 2014-03-07 |
| WATSON, Anthony Frederick James | Director | 2006-04-19 | 2015-03-27 |
| WATSON, Anthony | Director | — | 2010-01-19 |
| WATSON, Edith Audrey | Director | — | 2014-03-07 |
| WHITE, Christopher John | Director | 2014-03-07 | 2017-06-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inspirit Holmes Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-04-09 | Active |
| Wfs Uk Holding Company Iii Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-04-09 |
Filing timeline
Last 20 of 293 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-17 RESOLUTIONS Resolution
- 2025-04-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-12-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-03 | AD04 | address | Move registers to registered office company with new address | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-09-18 | AA01 | accounts | Change account reference date company current extended | |
| 2025-06-02 | CH01 | officers | Change person director company with change date | |
| 2025-06-02 | CH01 | officers | Change person director company with change date | |
| 2025-06-02 | CH01 | officers | Change person director company with change date | |
| 2025-05-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-17 | MA | incorporation | Memorandum articles | |
| 2025-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-04-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-16 | AP01 | officers | Appoint person director company with name date |
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.