FORTUNE OIL LIMITED
A formerly London-listed subsidiary of Fortune Dynasty Holdings Limited, the business is an independent energy company backed by Daniel Chiu and Vitol Group that invests in oil and gas infrastructure across China.
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Cash
£79m
+42.9% highest in 3 filed years
Net assets
£759m
+4.1% highest in 3 filed years
Employees
99
+3.1% highest in 3 filed years
Profit before tax
£21m
+0.6% vs 2025
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,531,412,000 | £2,627,000 | £17,790,000 | +577.2% | |
| Operating profit | £49,708,000 | £35,501,000 | £35,906,000 | +1.1% | |
| Profit before tax | £26,024,000 | £21,294,000 | £21,415,000 | +0.6% | |
| Net profit | £24,512,000 | £20,463,000 | £19,629,000 | -4.1% | |
| Cash | £64,083,000 | £55,040,000 | £78,646,000 | +42.9% | |
| Total assets less current liabilities | £744,368,000 | £939,156,000 | £1,081,785,000 | +15.2% | |
| Net assets | £731,951,000 | — | £758,619,000 | — | |
| Equity | £731,951,000 | £728,664,000 | £758,619,000 | +4.1% | |
| Average employees | 82 | 96 | 99 | +3.1% | |
| Wages | £3,419,000 | £3,789,000 | £4,839,000 | +27.7% | |
| Directors' remuneration | £431,000 | £458,000 | £497,000 | +8.5% | |
| Highest paid director | £271,000 | £295,000 | £342,000 | +15.9% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 3.2% | — | — | |
| Net margin | 1.6% | — | 110.3% | |
| Return on capital employed | 6.7% | 3.8% | 3.3% | |
| Gearing (liabilities / total assets) | 31.6% | — | 30.7% | |
| Current ratio | 0.35x | 0.76x | 8.21x | |
| Interest cover | 2.04x | 1.70x | 2.64x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- FORTUNE OIL LIMITED 2015-05-11 → present
- FORTUNE OIL PLC 1993-08-09 → 2015-05-11
- BLACKLAND OIL PLC 1988-05-11 → 1993-08-09
- PRECIS (644) LIMITED 1987-10-02 → 1988-05-11
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the Group's and the Company's annual budget, liquidity requirements, plans and financial arrangements, the Directors are satisfied that the Group and the Company have adequate resources to continue to operate for the foreseeable future and for at least twelve months from the date of signing of the statement of financial position and confirm that the Group and the Company are a going concern. For this reason, they continue to adopt the going concern basis in preparing these financial statements.”
Group structure
- FORTUNE OIL LIMITED · parent
- Fortune Oil Holdings Limited 100%
- Guangzhou Fortune Oil Company Limited 100%
- Beijing Fu Cheng Import & Export Trading Company Limited 100%
- Beijing Xinyuan Fortune Company Limited 100%
- Zhuhai Fortune Oil Company Limited 100%
- Fortune Oil PRC Holdings Limited 100%
- Roman Spring International Limited 100%
- Flame Secretarial Services Limited 100%
- Fortune Charter International Limited 70%
- Fortune Port Holdings Limited 100%
- Fortune Terminal Holdings Limited 100%
- Cargo Trading Company Limited 100%
- South China Terminals Limited 100%
- Fortune Retail Holdings Limited 100%
- Brilliant Win Investment Limited 100%
- Fortune Aviation Holding Limited 100%
- Vital Smark Limited 100%
- Luck Trinity International Limited 100%
- Kingsleigh Petroleum Limited 100%
- Fortune Gas Technology Company Limited 100%
- Beijing Everthriving Energy Technology Company Limited 100%
- First Marvel Investment Limited 100%
- Fortune Resources Limited 100%
- Flying Dragon Holdings Limited 100%
- Shanghai Ming Hao Management Company limited 100%
- Fortune Petrochemical Limited 93.63%
- CNAF Southern Storage and Transportation Company Limited 56.18%
- Fortune Gas Group Limited 100%
- Hainan Fu Cheng Petrochemical Company Limited 100%
- Fortune Xinyuan (Zhuhai) Oil Company Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ESSEX, Elizabeth | Secretary | 2016-09-30 | — | — |
| CHIU, Tat Jung Daniel | Director | 1993-08-09 | Nov 1960 | Chinese |
| LI, Ching | Director | 1993-08-09 | Feb 1958 | Chinese |
| WEI, Ng Jen | Director | 2026-03-31 | Jul 1974 | Singaporean |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMOUR, Douglas William | Nominee Secretary | 1993-12-31 | 1997-08-11 |
| CHOI, Suk Hing Sandi | Secretary | 1997-08-11 | 2016-09-30 |
| PIKE, Douglas John | Secretary | — | 1993-12-31 |
| ATTWOOD, Frank Albert | Director | 2009-06-24 | 2015-04-24 |
| BEDFORD, Trevor John | Director | 1999-02-08 | 2009-06-24 |
| BRIGGS, Michael | Director | 1992-04-13 | 2000-11-01 |
| CHENG, Man Tan | Director | 1983-09-08 | 1998-06-12 |
| CHEUNG, Barry Chun Yuen | Director | 1994-10-18 | 1999-03-30 |
| CHIU, Dennis | Director | 1993-08-09 | 2015-04-24 |
| DEAKIN, Roy William | Director | — | 1992-04-13 |
| DELLAPINA, Jeffrey William | Director | 2019-09-04 | 2026-03-31 |
| EVANS, William Ernest | Director | — | 1991-10-02 |
| FANG, Guang Xin | Director | 2003-06-27 | 2005-06-22 |
| FENG, Xue Chang | Director | 1993-08-09 | 2006-06-21 |
| GONG, Min | Director | 2005-06-22 | 2010-06-15 |
| HALL, Brian Arthur | Director | — | 1994-10-18 |
| HE, De Xian | Director | 1997-05-28 | 2003-06-27 |
| HO, Yuk King Louisa | Director | 2001-06-15 | 2015-04-24 |
| KE, Juya | Director | 1993-08-09 | 1995-05-16 |
| LI, Anxi | Director | 2005-06-22 | 2008-06-25 |
| LI, De | Director | 1997-05-28 | 2006-06-21 |
| LI, Wancheng | Director | 1995-05-16 | 1996-07-06 |
| LIN, Xizhong | Director | 2010-11-30 | 2015-04-24 |
| LORD WOLVERTON, Christopher Richard | Director | 1992-04-13 | 1993-08-09 |
| LYCETT-GREEN, Rupert William | Director | — | 1999-04-28 |
| MAO, Tong | Director | 2010-11-30 | 2015-04-24 |
| MCGOWAN, Bruce William | Director | 2000-06-16 | 2006-04-24 |
| MOTTRAM, John Rupert | Director | 1983-09-08 | 1995-05-19 |
| NG, Juak Khoon | Director | 1993-08-09 | 1994-10-18 |
| PEXTON, John Michael | Director | 2005-06-22 | 2010-06-15 |
| QI, Xiao Yan | Director | 1997-05-28 | 1999-06-25 |
| QIAN, Ben Yuan | Director | 1997-05-28 | 2015-04-24 |
| SHERWOOD, Stephen James Trevor | Director | 1992-12-10 | 1993-08-09 |
| STONE, Malcolm Richard | Director | 1993-08-09 | 1994-12-13 |
| SUN, Lipeng | Director | 1993-08-09 | 2004-06-25 |
| SUN, Zhaoqing | Director | 1993-08-09 | 1995-05-16 |
| TAYLOR, Ian Roper | Director | 1993-08-09 | 2019-10-30 |
| TEE, Kiam Poon | Director | 2009-07-01 | 2014-01-01 |
| TIAN, Jun, Dr | Director | 2013-12-02 | 2015-04-24 |
| TIAN, Jun, Dr | Director | 2008-06-25 | 2010-06-15 |
| WANG, Jinjun | Director | 2003-11-26 | 2015-04-24 |
| WANG, Liansheng | Director | 1995-05-16 | 1997-05-28 |
| WONG, Shiu Ki Richard | Director | 1996-06-13 | 2001-04-16 |
| YANG, Chunshu | Director | 2000-07-06 | 2006-06-21 |
| YE, Qing | Director | 2008-06-25 | 2010-06-15 |
| YUAN, Jun | Director | 2014-06-09 | 2015-04-24 |
| ZHANG, Jie | Director | 1997-05-28 | 1999-01-26 |
| ZHI, Yulin | Director | 2000-11-30 | 2014-06-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Tat Jung Daniel Chiu | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 485 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-06 | AA | accounts | Accounts with accounts type group | |
| 2026-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-29 | AA | accounts | Accounts with accounts type group | |
| 2025-07-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-05 | AA | accounts | Accounts with accounts type group | |
| 2024-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.