PETREDEC (EUROPE) LIMITED
Operating as the European commodity trading arm of the Singapore-headquartered Petredec group, the company facilitates the supply, shipping, and distribution of liquefied petroleum gas.
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Cash
£6M
USD 7,952,000
-17.9% vs 2023
Net assets
£944K
USD 1,261,000
+117% vs 2023
Employees
10
+11.1% vs 2023
Profit before tax
£28M
USD 37,938,000
+139.6% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £949,639,168 | £205,136,997 | -78.4% | |
| Operating profit | £14,156,311 | £29,086,690 | +105.5% | |
| Profit before tax | £11,855,817 | £28,400,958 | +139.6% | |
| Net profit | £10,211,858 | £20,875,131 | +104.4% | |
| Cash | £7,254,080 | £5,952,987 | -17.9% | |
| Total assets less current liabilities | -£1,488,247 | £1,640,216 | +210.2% | |
| Net assets | -£5,544,243 | £944,004 | +117% | |
| Equity | -£5,544,243 | £944,004 | +117% | |
| Average employees | 9 | 10 | +11.1% | |
| Wages | £3,271,448 | £12,921,096 | +295% | |
| Directors' remuneration | — | £6,346,010 | — |
Figures converted to GBP from USD at 0.749 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 1.5% | 14.2% | |
| Net margin | 1.1% | 10.2% | |
| Return on capital employed | — | 1773.3% | |
| Gearing (liabilities / total assets) | 110.3% | 96.9% | |
| Current ratio | 0.70x | 0.77x | |
| Interest cover | 3.63x | 18.75x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are hence of the opinion that it is appropriate to prepare financial statements of the Company on a going concern basis.”
Significant events
- “In April 2025, governments around the world, including China which is the largest importer of US origin LPG, announced tariffs on US imported goods, in response to the US imposing tariffs on products imported into the US.”
- “During May 2025, the United States and China discussed the possibilities of easing tariffs and agreed on a 90-day period tariff cuts, with China significantly reducing imposed tariffs on US imported goods to 10% during that period. During August 2025, another 90-day period of tariff cuts was agreed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRON, Graeme Mackintosh | Secretary | 2017-08-14 | — | — |
| HODGES, Joshua Kumbirai | Director | 2025-05-08 | Feb 1988 | British |
| LAGIER, Jean Marie | Director | 2024-03-31 | Jul 1981 | Swiss |
| TOWEY, Maurice Andrew Michael | Director | 2017-08-14 | Oct 1975 | Irish |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURLEIGH, John Campbell | Secretary | 2015-05-22 | 2017-08-14 |
| ABBOTT, Michael James | Director | 2015-05-22 | 2020-11-18 |
| BULLEN, James Robert | Director | 2022-12-07 | 2025-04-15 |
| BURLEIGH, John Campbell | Director | 2015-05-22 | 2017-08-31 |
| FANCHER, Jonathan Michael | Director | 2018-09-10 | 2024-03-31 |
| FEARN, Giles Duncan, Mr. | Director | 2017-05-02 | 2021-11-15 |
| HONEYBALL, Robert Ian | Director | 2020-12-10 | 2021-12-20 |
| MONCKTON, Anthony Frederick | Director | 2018-09-14 | 2024-03-31 |
| MONCKTON, Anthony Frederick | Director | 2015-05-22 | 2018-09-10 |
| PAPAIOANNOU, Ioannis Vagos | Director | 2024-03-31 | 2026-04-29 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 107 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-10 | AA | accounts | Accounts with accounts type group | |
| 2024-06-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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.