PETROSTRAT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-05 (in 1y)
Last made up 2026-04-21
Watchouts
None on the register
Cash
£787K
Latest balance sheet
Net assets
£4M
Equity attributable
Employees
126
Average over period
Profit before tax
£618K
Period ending 2024-12-31
Net assets
6-year trend · vs Energy median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £12,190,574 | £10,097,555 | |
| Operating profit | — | — | — | — | £1,106,757 | £689,316 | |
| Profit before tax | — | — | — | — | £967,272 | £618,451 | |
| Net profit | — | — | — | — | £1,111,577 | £732,034 | |
| Cash | — | — | — | — | £284,681 | £787,275 | |
| Total assets less current liabilities | — | — | — | — | £4,378,189 | £4,653,650 | |
| Net assets | — | — | — | — | £3,292,438 | £3,792,363 | |
| Equity | £2,771,223 | £2,716,488 | £3,293,399 | £3,400,780 | £3,292,438 | £3,792,363 | |
| Average employees | — | — | — | — | 120 | 126 | |
| Wages | — | — | — | — | £6,174,660 | £4,470,373 | |
| Directors' remuneration | — | — | — | — | £363,184 | £274,377 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2024 · period ending 2024-12-31 vs 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 9.1% | 6.8% | |
| Net margin | — | — | — | — | 9.1% | 7.2% | |
| Return on capital employed | — | — | — | — | 25.3% | 14.8% | |
| Current ratio | — | — | — | — | 2.02x | 1.95x | |
| Interest cover | — | — | — | — | 8.98x | 9.78x |
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
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PETROSTRAT LIMITED · parent
- USA PetroStrat Inc 100%
- PetroStrat Canada 100%
- PetroStrat Senegal SURAL 100%
- Biostrat JV Limited 51%
Significant events
- “On 12 December 2024, PetroStrat Ltd announced the acquisition of Viridien's Geology group, formerly known as Robertson Research. Completion of the asset purchase acquisition happened on 1 February 2025. Viridien chose to divest this part of the business and PetroStrat was recognised as the ideal custodian due to its existing comprehensive range of services to the energy industry. The acquisition included the transfer of 69 experienced staff and world-class laboratory facilities in Conwy. The acquisition will significantly increase PetroStrat's offering to include petrophysics, geochemistry, petroleum systems analysis, lead and prospect generation, seismic interpretation, and structural geology.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JOHNSON, Paul James | Secretary | 2022-03-21 | — | — |
| AILLUD, Gary Stefan, Dr | Director | 2021-04-01 | Nov 1968 | British |
| 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 |
| JOHNSON, Paul James | Director | 2022-01-19 | Jan 1963 | British |
| ROBERTS, David Grant | Director | 2022-04-01 | Feb 1971 | British |
| RUTLEDGE, David Charles, Dr | Director | 2001-03-22 | May 1968 | British |
Show 7 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 |
| BRITANNIA COMPANY FORMATIONS LIMITED | Corporate Nominee Secretary | 2001-03-22 | 2001-03-22 |
| 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 105 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2023-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-31 | AA | accounts | Accounts with accounts type full | |
| 2022-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-03-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-03-24 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- 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.