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
£73m
USD 91,800,000
Latest balance sheet
Net assets
£228m
USD 287,600,000
Equity attributable
Employees
1,041
Average over period
Profit before tax
-£72m
USD -90,400,000
Period ending 2024-03-31
Watch the reel
Our short-form breakdown of ESSAR OIL (UK) LIMITED's latest filing
EET Fuels brought in £8.8bn this year at the Stanlow refinery, but a heavy finance bill ate the trading profit. ⛽️
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
10 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | £7,772,482,584 | — | |
| Operating profit | — | £113,600,380 | — | |
| Profit before tax | — | -£71,564,281 | — | |
| Net profit | — | -£46,865,104 | — | |
| Cash | — | £72,672,578 | — | |
| Total assets less current liabilities | — | — | — | |
| Net assets | — | £227,675,744 | — | |
| Equity | £267,825,384 | £227,675,744 | — | |
| Average employees | — | 1,041 | — | |
| Wages | — | £78,926,536 | — | |
| Directors' remuneration | — | £1,583,281 | — | |
| Directors' pension contributions | — | £0 | — | |
| Highest paid director | — | £1,029,132 | — |
Figures converted to GBP from USD at 0.792 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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-03-31 | 2024-03-31 |
|---|---|---|---|
| Operating margin | — | 1.5% | |
| Net margin | — | -0.6% | |
| Gearing (liabilities / total assets) | — | 90.8% | |
| Current ratio | — | 0.62x | |
| Interest cover | — | 0.55x |
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
- UK GAAP
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
Group structure
- ESSAR OIL (UK) LIMITED · parent
- Essar Midlands Limited 100%
- Infranorh Limited 100%
- Stanlow Terminals Limited 100%
- EET UK Services Private Limited 100%
- EET H2 Power Limited 100%
- EET Property Holdings Limited 100%
- EET Property Services Limited 100%
- EET Hydrogen Limited 90%
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, Mr. | 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 Colin Gerard Hames | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2026-04-20 | Ceased 2026-07-09 |
| Mr Christopher Charles Morris | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2026-04-20 | Ceased 2026-07-09 |
| Mr John Stephen Riches | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Ceased 2026-07-09 |
| Mr Deepak Kumar Salick | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Ceased 2026-07-09 |
| Ms Natasha Hardowar-Bissessur | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Ceased 2026-07-09 |
| Mr Nicholas John Hoskins | Individual | Shares 25–50% (as trust), Voting 75–100% (as trust) | 2025-09-29 | Ceased 2026-07-09 |
| Mr Michael Patrick Hanson | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Ceased 2026-07-09 |
| Mr Keith Liam Robinson | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Ceased 2026-07-09 |
| Mr Peter Stuart Milnes | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2025-09-29 | Ceased 2026-04-20 |
| 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 227 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-07 | AA | accounts | Accounts with accounts type group | |
| 2026-08-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-14 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2026-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-06-29 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2026-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-05-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-05-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- 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.