CNG FUELS LTD
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Next accounts due
2026-12-30 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-17 (in 5mo)
Last made up 2025-10-03
Watchouts
None on the register
Cash
£3M
+69.2% vs 2024
Net assets
-£36M
-122.9% vs 2024
Employees
87
+8.8% vs 2024
Profit before tax
-£21M
-34.2% lowest in 3 filed years
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £98,908,191 | £124,027,503 | |
| Operating profit | — | — | — | — | — | -£9,978,545 | -£7,483,215 | |
| Profit before tax | — | — | — | -£4,570,001 | — | -£15,958,807 | -£21,415,349 | |
| Net profit | — | — | — | — | — | -£15,958,807 | -£20,534,490 | |
| Cash | £1,568,931 | £1,310,781 | £3,203,121 | £3,064,022 | £2,583,658 | £1,591,818 | £2,693,717 | |
| Total assets less current liabilities | — | — | — | — | — | -£14,699,419 | -£33,043,800 | |
| Net assets | — | — | — | — | — | -£16,210,312 | -£36,131,513 | |
| Equity | £303,073 | £3,922,247 | — | -£516,667 | £5,423,060 | -£16,210,312 | -£36,131,513 | |
| Average employees | — | — | — | — | — | 80 | 87 | |
| Wages | — | — | — | £2,849,708 | — | £6,595,192 | £4,646,725 | |
| Directors' remuneration | — | — | — | — | — | £133,708 | £176,000 |
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 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+25.4%
£98,908,191 £124,027,503
-
Cash
+69.2%
£1,591,818 £2,693,717
-
Net assets
-122.9%
-£16,210,312 -£36,131,513
-
Employees
+8.8%
80 87
-
Operating profit
+25%
-£9,978,545 -£7,483,215
-
Profit before tax
-34.2%
-£15,958,807 -£21,415,349
lowest in 3 filed years
-
Wages
-29.5%
£6,595,192 £4,646,725
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -10.1% | -6.0% | |
| Net margin | — | — | — | — | — | -16.1% | -16.6% | |
| Return on capital employed | — | — | — | — | — | 67.9% | 22.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 138.3% | 191.4% | |
| Current ratio | — | — | — | — | — | 0.61x | 0.39x | |
| Interest cover | — | — | — | — | — | -1.81x | -0.47x |
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
- FLB Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Following the successful completion of the transaction with Foresight on 11th April 2025, the Group has significantly improved its financial position and visibility over future funding. The transaction has enabled the conversion of the full working capital loan and accrued interest from Foresight into equity in CNG Fuels, thereby eliminating the short-term repayment obligation that existed as of 31 March 2025. The transaction has also facilitated the Group's access to surplus cash flows generated by the CNG station network and from Renewable Transport Fuel Services Ltd, enhancing liquidity and operational sustainability.”
Group structure
- CNG FUELS LTD · parent
- CNG Crewe Limited 100%
- CNG Bardon Limited 100%
- CNG Warrington Limited 100%
- CNG Northampton Limited 100%
- CNG Erdington Limited 100%
- CNG Milton Keynes Limited 100%
- Hams Infrastructure Limited 100%
- Lavant Down Washington Limited 100%
- Oxford Larkhall Limited 100%
- HyFuels Limited 100%
- CNG Carlisle Limited 100%
- CNG Barnsley Limited 100%
- CNG Magor Limited 100%
- CNG Swindon Limited 100%
- CNG Avonmouth South Limited 100%
- CNG Goole Limited 100%
- CNG Exeter Limited 100%
- CNG Hinckley Limited 100%
- CNG Lamesley Limited 100%
- CNG Bridgwater Limited 100%
- CNG Appleton Thorn Limited 100%
- CNG Croc Dundee Limited 100%
- CNG Birstall Limited 100%
- CNG Chelmsford Limited 100%
- CNG Lockheed Limited 100%
- CNG Bradford Limited 100%
- CNG Derby Limited 100%
- CNG Newark Limited 100%
- CNG Bolton Limited 100%
- CNG Wakefield Limited 100%
Significant events
- “On 11 April 2025, the CNG Fuels Group completed a significant transaction involving its parent undertaking at the time, ReFuels N.V. ("ReFuels), and the Foresight Group ("Foresight"). This transaction has positioned CNG Fuels as a leading clean fuel infrastructure platform with the UK's largest station network for renewable biomethane.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FJELD, Philip Eystein | Director | 2015-02-13 | Feb 1975 | Norwegian |
| GOWRIE-SMITH, Baden Jerome | Director | 2015-02-13 | Jul 1982 | Australian |
| HUSSAIN, Imran Mohammed | Director | 2025-04-11 | Mar 1986 | British |
| MATTHEWS, Samuel Jack | Director | 2025-12-01 | Sep 1988 | British |
| TANNER, Christopher James | Director | 2025-04-11 | Nov 1972 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLB COMPANY SECRETARIAL SERVICES LTD | Corporate Secretary | 2021-01-29 | 2022-03-29 |
| BALDWIN, Timothy John | Director | 2014-10-22 | 2025-04-11 |
| BARTER, Christopher Michael | Director | 2016-05-11 | 2023-04-30 |
| KINGSBURY, Shaun Patrick | Director | 2020-03-12 | 2023-04-30 |
| TRIVELLATO, Stefania | Director | 2025-04-11 | 2025-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cng Foresight Holding Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2025-04-11 | Active |
| Refuels N.V. | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-05-09 | Active |
| Mr Baden Jerome Gowrie-Smith | Individual | Shares 25–50% | 2017-10-26 | Ceased 2021-10-02 |
| Mr Philip Eystein Fjeld | Individual | Shares 25–50% | 2017-10-26 | Ceased 2018-08-30 |
| Mr Timothy John Baldwin | Individual | Shares 25–50% | 2016-04-06 | Ceased 2017-10-26 |
Filing timeline
Last 20 of 127 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-11 RESOLUTIONS Resolution
- 2025-11-11 MA Memorandum articles
- 2025-08-05 RP04SH01 Legacy PDF
- 2025-07-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | CH01 | officers | Change person director company with change date | |
| 2026-03-31 | CH01 | officers | Change person director company with change date | |
| 2026-03-31 | CH01 | officers | Change person director company with change date | |
| 2026-03-31 | CH01 | officers | Change person director company with change date | |
| 2026-03-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-11 | MA | incorporation | Memorandum articles | |
| 2025-10-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-16 | SH01 | capital | Capital allotment shares | |
| 2025-10-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-04 | AA | accounts | Accounts with accounts type group | |
| 2025-08-05 | RP04SH01 | change-of-name | Legacy | |
| 2025-08-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-25 | SH01 | capital | Capital allotment shares | |
| 2025-07-14 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 2
- Officers appointed
- 1
- 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.