PETROSTRAT LIMITED
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Cash
£148k
lowest in 5 filed years
Net assets
£4.2m
highest in 5 filed years
Employees
183
highest in 5 filed years
Profit before tax
£2.4k
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to the fact that the Company's ability to continue as a going concern is dependent upon the continued support of the company's financiers and prevailing economic conditions arising from ongoing global conflicts.
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Going-concern uncertainty disclosed
Net assets
5-year trend · vs Energy median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2024-03-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £4,634,207 | £8,500,121 | £12,190,574 | £10,097,555 | £16,628,112 | — | |
| Operating profit | £303,676 | £737,545 | £1,106,757 | £784,228 | £86,442 | — | |
| Profit before tax | £298,680 | £965,921 | £967,272 | £713,363 | £2,401 | — | |
| Net profit | £286,265 | £1,055,911 | £1,111,577 | £732,036 | -£78,352 | — | |
| Cash | £607,929 | £548,430 | £284,681 | £787,275 | £147,900 | — | |
| Total assets less current liabilities | £4,522,845 | £4,768,629 | £4,378,189 | £4,653,652 | £6,999,598 | — | |
| Net assets | £2,717,488 | £3,293,399 | £3,292,438 | £3,792,365 | £4,201,654 | — | |
| Equity | £2,717,488 | £3,293,399 | £3,292,438 | £3,792,365 | £4,201,654 | — | |
| Average employees | 83 | 100 | 120 | 126 | 183 | — | |
| Wages | £2,734,645 | £3,939,867 | £6,174,660 | £4,470,373 | £8,535,615 | — | |
| Directors' remuneration | £91,682 | £283,162 | £363,184 | £274,377 | £367,557 | — | |
| Highest paid director | — | — | £106,000 | £84,375 | £115,031 | — |
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 12 months versus 9 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-03-31 | 2022-03-31 | 2024-03-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 6.6% | 8.7% | 9.1% | 7.8% | 0.5% | |
| Net margin | 6.2% | 12.4% | 9.1% | 7.2% | -0.5% | |
| Return on capital employed | 6.7% | 15.5% | 25.3% | 16.9% | 1.2% | |
| Gearing (liabilities / total assets) | 44.0% | 37.0% | 45.4% | 40.1% | 61.1% | |
| Current ratio | — | — | 2.02x | 1.95x | 1.39x | |
| Interest cover | 60.78x | 18.07x | 8.98x | 11.13x | 0.87x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Salisbury & Company Business Solutions Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to the fact that the Company's ability to continue as a going concern is dependent upon the continued support of the company's financiers and prevailing economic conditions arising from ongoing global conflicts.”
Group structure
- PETROSTRAT LIMITED · parent
- USA PetroStrat Inc 100%
- PetroStrat Canada Ltd 100%
- PetroStrat Senegal SUARL 100%
- PetroStrat Consultancy L.L.C S.P.C 100%
- Biostrat JV Limited 51%
- Future Geoscience Ltd 49.9%
Significant events
- “During the year, the company acquired the assets of Viridien's Geology Group as part of a wider Business Purchase Agreement.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RUTLEDGE, David Charles, Dr | Secretary | 2026-07-01 | — | — |
| CORNICK, Paul Andrew, Dr | Director | 2001-03-22 | Jul 1967 | British |
| FIELD, Kevin Lee | Director | 2021-04-01 | Oct 1983 | British |
| GREGORY, Francis John, Dr | Director | 2004-10-18 | Mar 1964 | British |
| RUTLEDGE, David Charles, Dr | Director | 2001-03-22 | May 1968 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CASTLE, Jonathan Paul | Secretary | 2008-06-09 | 2020-06-22 |
| CORNICK, Michelle Louise | Secretary | 2001-03-22 | 2008-06-09 |
| FIELD, Kevin Lee | Secretary | 2020-06-23 | 2022-03-21 |
| JOHNSON, Paul James | Secretary | 2022-03-21 | 2026-06-30 |
| BRITANNIA COMPANY FORMATIONS LIMITED | Corporate Nominee Secretary | 2001-03-22 | 2001-03-22 |
| AILLUD, Gary Stefan, Dr | Director | 2021-04-01 | 2026-05-21 |
| JOHNSON, Paul James | Director | 2022-01-19 | 2026-06-30 |
| ROBERTS, David Grant | Director | 2022-04-01 | 2026-06-30 |
| WARRINGTON, John | Director | 2017-04-27 | 2023-04-18 |
| WELDON, Mark Francis | Director | 2005-02-10 | 2025-12-17 |
| DEANSGATE COMPANY FORMATIONS LIMITED | Corporate Nominee Director | 2001-03-22 | 2001-03-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dr David Charles Rutledge | Individual | Shares 25–50%, Voting 25–50% | 2025-12-17 | Active |
Filing timeline
Last 20 of 113 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-07-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-03 | SH06 | capital | Capital cancellation shares | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares | |
| 2026-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-30 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-30 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-12-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-20 | AA | accounts | Accounts with accounts type group | |
| 2024-12-12 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-28 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 5
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.