ESSAR OIL (UK) LIMITED
Trading as EET Fuels and operating the Stanlow Manufacturing Complex in Cheshire, the company is a mineral oil refiner and a subsidiary of Essar Energy Transition Holdings Cyprus Limited.
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Cash
£54M
USD 71,500,000
-22.1% vs 2024
Net assets
£443M
USD 589,200,000
+104.9% highest in 3 filed years
Employees
1,216
+16.8% vs 2024
Profit before tax
-£245M
USD -325,900,000
-260.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £7,380,440,502 | £7,665,338,645 | +3.9% | |
| Operating profit | — | £107,870,405 | -£89,528,678 | -183% | |
| Profit before tax | — | -£67,954,597 | -£244,982,335 | -260.5% | |
| Net profit | — | -£44,501,240 | -£181,387,657 | -307.6% | |
| Cash | — | £69,006,991 | £53,747,275 | -22.1% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | — | £216,191,836 | £442,907,615 | +104.9% | |
| Equity | £249,041,570 | £216,191,836 | £442,907,615 | +104.9% | |
| Average employees | — | 1,041 | 1,216 | +16.8% | |
| Wages | — | £74,945,501 | £85,093,588 | +13.5% | |
| Directors' remuneration | — | £1,503,420 | £1,277,907 | -15% |
Figures converted to GBP from USD at 0.752 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | — | 1.5% | -1.2% | |
| Net margin | — | -0.6% | -2.4% | |
| Gearing (liabilities / total assets) | — | 90.8% | 84.9% | |
| Current ratio | — | 0.62x | 0.59x | |
| Interest cover | — | 0.55x | -0.52x |
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
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have examined all available information, including the Management Team's forecasts for period up to 31 October 2026, covering a period over 12 months from the date of approval of these financial statements. These forecasts include reasonable sensitivities in relation to key performance indicators such as refining margins, capital expenditure, interest rate and GBP:USD exchange rate, and also have driven appropriate consideration to the Group's financial position including various financing and refinancing options. The Directors have concluded that based on the forecasted trading performance along with various financing plans and available levers in the event financial transaction delays, they are satisfied that adequate financial resources will continue to be available to the Group so as to enable it to continue to trade as a going concern from the date of signing of these financial statements. As a result, the Directors continue to adopt the going concern basis of accounting in the preparation of the Group's financial statements.”
Group structure
- ESSAR OIL (UK) LIMITED · parent
- Essar Midlands Limited 100%
- Infranorth Limited 100%
- Stanlow Terminals Limited 100%
- Essar UK Services Pvt Limited 100%
- Essar Retail Ventures Limited 100%
- EET Hydrogen Limited 100%
- Vertex Hydrogen Limited 90%
- EET Property Holdings Limited 100%
- EET Property Limited 100%
- EET Property Services Limited 100%
- EET H2 Power Limited 100%
- Vertex Investments Limited 100%
- EET Hydrogen (HPP1 JV) Limited 100%
- EET Hydrogen (HPP1 Holdings) Limited 100%
- EET Hydrogen (HPP1) Limited 100%
Significant events
- “a. Pursuant to the approval received and execution of Share Purchase Agreement (SPA), group has disposed of its investment in its fully owned subsidiary EET Hydrogen Limited (along with all of its subsidiary companies) to V H Hydrogen Holding Limited (also owned by ultimate parent company).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PURI, Sunil Kumar | Secretary | 2021-07-29 | — | — |
| BULLOCK, Timothy | Director | 2021-06-11 | Jul 1961 | British |
| FOUNTAIN, Charles Anthony | Director | 2023-04-17 | Sep 1960 | British |
| MAHESHWARI, Deepak Krishnagopal | Director | 2021-08-23 | Sep 1969 | British |
| NAYYAR, Naresh | Director | 2024-10-02 | Mar 1952 | Indian |
| PALIOS, Markos | Director | 2022-10-05 | Nov 1952 | British |
| RUIA, Prashant | Director | 2016-12-15 | Jun 1969 | Indian |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRYANT, Charles | Secretary | 2011-10-21 | 2017-06-30 |
| CHAMBERS, Samantha | Secretary | 2017-06-30 | 2021-07-26 |
| RICHARDSON, Elaine | Secretary | 2011-10-21 | 2012-12-31 |
| ASHDOWN, Janet Elizabeth | Director | 2013-07-22 | 2014-06-10 |
| BYE, Stein Ivar | Director | 2020-10-16 | 2021-03-19 |
| CHAMBERLAIN, Leslie Neville | Director | 2013-07-22 | 2014-06-13 |
| DIXON, Colin | Director | 2011-10-21 | 2014-06-09 |
| HAJEE ABDOULA, Sattar Adam Ali Mamode | Director | 2012-09-07 | 2014-05-19 |
| JAMBEKAR, Kiran Bhalchandra | Director | 2011-10-21 | 2014-11-03 |
| KUPPILI VENKATA, Radha Mohan | Director | 2012-06-25 | 2013-07-31 |
| MAHESHWARI, Deepak Krishnagopal | Director | 2014-06-12 | 2018-05-25 |
| MASON, Jonathan Roy | Director | 2012-03-13 | 2017-02-27 |
| MEHTA, Sanjay | Director | 2009-11-10 | 2011-04-20 |
| NAYYAR, Naresh Kumar | Director | 2013-09-27 | 2017-03-31 |
| PALEPU, Ramamurthy | Director | 2011-06-09 | 2011-10-21 |
| RUIA, Rewant | Director | 2019-06-17 | 2021-04-01 |
| RUIA, Rewant | Director | 2017-10-06 | 2017-12-15 |
| SAMPATH, Parthasarathy | Director | 2015-07-01 | 2020-10-14 |
| SAMPATH, Parthasarathy | Director | 2011-04-20 | 2012-06-01 |
| SCHULTZ, Volker Bernd | Director | 2011-10-24 | 2015-07-01 |
| SRINIVASALU, Thangapandian | Director | 2017-03-31 | 2023-01-24 |
| STEVENS, Peter Francis | Director | 2014-11-13 | 2017-01-26 |
| TRIPATHI, Bhuwan Chandra | Director | 2020-02-05 | 2022-03-31 |
| VACHHARAJANI, Narendra | Director | 2011-08-17 | 2011-10-24 |
| VENKATASUBRAMANIAN, Kuthoore Natarajan | Director | 2016-01-27 | 2023-07-31 |
| WELCH, Stephen Hamilton | Director | 2020-08-07 | 2021-04-07 |
| WILLSDON, Donald Frank | Director | 2011-10-21 | 2011-12-08 |
| WILSON, Mark Ian Ranson | Director | 2020-01-30 | 2020-06-25 |
| WRIGHT, Andrew Richard Hornagold | Director | 2021-06-15 | 2025-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr John Stephen Riches | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Active |
| Mr Peter Stuart Milnes | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Active |
| Mr Deepak Kumar Salick | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Active |
| Ms Natasha Hardowar-Bissessur | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Active |
| Mr Nicholas John Hoskins | Individual | Shares 25–50% (as trust), Voting 75–100% (as trust) | 2025-09-29 | Active |
| Mr Michael Patrick Hanson | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Active |
| Mr Keith Liam Robinson | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Active |
| Essar Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-09-29 |
Filing timeline
Last 20 of 207 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-29 | AA | accounts | Accounts with accounts type group | |
| 2025-12-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-30 | CH03 | officers | Change person secretary company with change date | |
| 2025-03-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-16 | 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
- 16
- 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.