IRANIAN OIL COMPANY (U.K.) LIMITED
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Cash
£533m
-1.4% vs 2024
Net assets
£506m
+5.5% highest in 3 filed years
Employees
1
0% vs 2024
Profit before tax
£118m
-7.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
the OFAC licence is due for renewal on 28 February 2027 and highlights significant political, fiscal, and legal uncertainties which could impact the company's banking and operating facilities. As stated in Note 2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £227,690,000 | £197,516,000 | £183,693,000 | -7% | |
| Operating profit | £173,026,000 | £127,211,000 | £113,543,000 | -10.7% | |
| Profit before tax | £178,479,000 | £128,100,000 | £118,254,000 | -7.7% | |
| Net profit | £53,782,000 | £32,869,000 | £26,590,000 | -19.1% | |
| Cash | £498,105,000 | £540,745,000 | £533,236,000 | -1.4% | |
| Total assets less current liabilities | £563,391,000 | £581,483,000 | £601,360,000 | +3.4% | |
| Net assets | £446,831,000 | £479,700,000 | £506,290,000 | +5.5% | |
| Equity | £446,831,000 | £479,700,000 | £506,290,000 | +5.5% | |
| Average employees | 1 | 1 | 1 | 0% | |
| Wages | £129,000 | £142,000 | £130,000 | -8.5% | |
| Directors' remuneration | £163,000 | £177,000 | — | — | |
| Directors' pension contributions | £14,000 | £18,000 | — | — |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 76.0% | 64.4% | 61.8% | |
| Net margin | 23.6% | 16.6% | 14.5% | |
| Return on capital employed | 30.7% | 21.9% | 18.9% | |
| Gearing (liabilities / total assets) | 26.3% | 23.9% | 18.3% | |
| Current ratio | 12.56x | 11.88x | 31.73x | |
| Interest cover | — | 60.84x | — |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“the OFAC licence is due for renewal on 28 February 2027 and highlights significant political, fiscal, and legal uncertainties which could impact the company's banking and operating facilities. As stated in Note 2, these events or conditions indicate that a material uncertainty exists 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
2 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAMANPAK, Jafar | Secretary | 2018-06-27 | — | — |
| DAMANPAK, Jafar | Director | 2018-06-27 | Sep 1975 | Iranian |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALIPOUR-JEDDI, Mohammad | Secretary | 1994-01-16 | 1996-07-01 |
| ASSADI KHOSHOUEI, Abdollah | Secretary | 1999-01-10 | 2001-01-24 |
| GHODSI, Mohammad Hassan | Secretary | 2004-09-03 | 2007-02-22 |
| HEIDARI, Hojat | Secretary | 2007-02-22 | 2012-09-21 |
| MOHADDES, Seyed Mahmoud | Secretary | 2012-09-21 | 2018-06-27 |
| MOHAMMADIAN, Jafar | Secretary | — | 1994-01-03 |
| NIKBAKHT, Habibollah | Secretary | 2001-01-24 | 2004-09-03 |
| YARJANI, Javad | Secretary | 1996-07-01 | 1999-01-10 |
| AKBARY, Hamid, Dr | Director | 2017-08-16 | 2018-11-02 |
| ASEMIPOUR, Mohamad Javad | Director | 2008-05-12 | 2010-04-26 |
| ASGHARNIA, Mojtaba | Director | 2017-08-16 | 2018-11-02 |
| BAHMANI, Heidar | Director | 2008-06-22 | 2012-01-31 |
| GHODSI, Mohammad Hassan | Director | 1997-07-14 | 2012-01-31 |
| HEDAYATZADEH RAZAVI, Seyed Majid | Director | 2001-01-24 | 2008-05-12 |
| HEDAYATZADEHRAZAVI, Seyed Majid | Director | 2016-12-10 | 2017-12-11 |
| HEIDARI, Hojat | Director | 2006-07-11 | 2012-09-21 |
| JASHNSAZ, Seyfollah | Director | 2010-04-26 | 2014-06-26 |
| KHOEE, Mostafa | Director | 1998-12-29 | 2007-05-20 |
| MIRHADI, Mohammad Reza | Director | 1997-07-14 | 1998-12-29 |
| MOHADDES, Seyed Mahmoud | Director | 2012-01-31 | 2018-11-02 |
| MOOSAPANAH, Mohammad Hossein | Director | — | 1993-01-10 |
| MOSTAJERAN, Reza | Director | — | 1997-07-14 |
| MOVAHEDI ZADEH ISFAHANI, Morteza | Director | — | 1997-07-14 |
| NIKBAKHT, Habibollah | Director | 1995-05-07 | 1997-11-11 |
| PAKNEJAD, Mohsen | Director | 2014-06-26 | 2016-12-10 |
| RAD, Mansoor | Director | 2007-05-20 | 2008-07-08 |
| ROUHANI, Mohammad | Director | 2001-01-24 | 2007-05-20 |
| SAMIEI KHANSARI, Mohammad Bagher | Director | 1993-01-10 | 1995-05-07 |
| SEFATI, Khosrow | Director | 1997-11-11 | 2001-01-24 |
| ZIR GACHIAN ZADEH, Mahmoud | Director | 2007-05-20 | 2016-12-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Nigel Hall | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2020-12-15 | Active |
| F.C.M Limited | Legal person | Shares 75–100% | 2018-11-02 | Ceased 2020-12-15 |
| Islamic Republic Of Iran | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-11-02 |
Filing timeline
Last 20 of 197 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-08 | AA | accounts | Accounts with accounts type full | |
| 2026-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-20 | AA | accounts | Accounts with accounts type full | |
| 2024-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-31 | AA | accounts | Accounts with accounts type full | |
| 2023-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-10 | AA | accounts | Accounts with accounts type full | |
| 2022-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-28 | AA | accounts | Accounts with accounts type full | |
| 2021-02-19 | CH01 | officers | Change person director company with change date | |
| 2021-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2020-12-15 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-12-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-10-02 | AA | accounts | Accounts with accounts type full | |
| 2020-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-03 | AA | accounts | Accounts with accounts type full | |
| 2019-08-22 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.