EXOL (HOLDINGS) LIMITED
Formerly known as Philmar (Holdings) Limited, the company acts as the parent entity for Exol Lubricants, a West Midlands-based manufacturer of treated petroleum products.
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Cash
£308k
-0.3% vs 2024
Net assets
£27m
-3.1% lowest in 3 filed years
Employees
133
+9% highest in 3 filed years
Profit before tax
£5.9m
+6.8% highest in 3 filed years
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £99,519,236 | £85,100,321 | £88,154,489 | +3.6% | |
| Operating profit | £6,541,093 | £6,044,547 | £6,508,230 | +7.7% | |
| Profit before tax | £5,476,073 | £5,528,635 | £5,905,147 | +6.8% | |
| Net profit | £3,910,263 | £3,845,193 | £4,124,036 | +7.3% | |
| Cash | £1,167,729 | £308,739 | £307,804 | -0.3% | |
| Total assets less current liabilities | £30,574,580 | £29,378,273 | £28,655,576 | -2.5% | |
| Net assets | £28,796,650 | £27,835,042 | £26,959,078 | -3.1% | |
| Equity | £28,796,650 | £27,835,042 | £26,959,078 | -3.1% | |
| Average employees | 129 | 122 | 133 | +9% | |
| Wages | £8,742,274 | £8,906,783 | £9,555,989 | +7.3% | |
| Directors' remuneration | £2,635,434 | £3,250,130 | £3,472,826 | +6.9% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 6.6% | 7.1% | 7.4% | |
| Net margin | 3.9% | 4.5% | 4.7% | |
| Return on capital employed | 21.4% | 20.6% | 22.7% | |
| Gearing (liabilities / total assets) | — | 47.6% | 43.3% | |
| Current ratio | 1.82x | 1.53x | 1.67x | |
| Interest cover | 6.09x | 11.05x | 10.72x |
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.
Name history
Renamed 2 times since incorporation
- EXOL (HOLDINGS) LIMITED 2023-11-29 → present
- PHILMAR (HOLDINGS) LIMITED 2010-01-31 → 2023-11-29
- WAKECO (410) LIMITED 2009-11-12 → 2010-01-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- bk plus Audit 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 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
- EXOL (HOLDINGS) LIMITED · parent
- Exol Petroleum Limited 100%
- Exol Lubricants Limited 100%
- Exol Lubricants (Rotherham) Limited 100%
Significant events
- “John Brindle Oil & Chemical Limited, a wholly owned indirect subsidiary, was dissolved on 14 January 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EVERITT, Steven David | Director | 2010-01-16 | Jun 1967 | British |
| FROGSON, Darren Barber | Director | 2010-02-16 | Oct 1966 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BADDELEY, John | Director | 2009-11-12 | 2010-01-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Darren Barber Frogson | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 68 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-14 RESOLUTIONS Resolution
- 2026-07-14 MA Memorandum articles
- 2023-11-29 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-17 | AA | accounts | Accounts with accounts type group | |
| 2026-07-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-14 | MA | incorporation | Memorandum articles | |
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-04 | AA | accounts | Accounts with accounts type group | |
| 2025-05-01 | CH01 | officers | Change person director company with change date | |
| 2024-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | AA | accounts | Accounts with accounts type group | |
| 2023-12-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-29 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-11-17 | AA | accounts | Accounts with accounts type group | |
| 2022-11-23 | AA | accounts | Accounts with accounts type group | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type group | |
| 2021-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-23 | AA | accounts | Accounts with accounts type group | |
| 2019-11-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-10-07 | AA | accounts | Accounts with accounts type group | |
| 2018-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.