AVANTIGAS ON LTD
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-10-30 (in 5mo)
Last made up 2025-10-16
Watchouts
Cash
£88K
-91.8% lowest in 4 filed years
Net assets
-£5M
+55.1% vs 2023
Employees
2
-83.3% lowest in 4 filed years
Profit before tax
£7M
+394.7% highest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, given that the company no longer continues any of its trading operations within the 12 months following approval of these financial statements, the financial statements have been prepared on a basis other than a going concern. Adopting a basis other than going concern has not given rise to any adjustments to the financial statements.
Net assets
4-year trend · vs Utilities median
Accounts
4-year trend · latest reflected 2024-09-30
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|
| Turnover | £11,522,000 | £24,381,000 | £453,000 | -£93,000 | |
| Operating profit | -£5,499,000 | -£4,571,000 | -£2,117,000 | £7,554,000 | |
| Profit before tax | -£5,498,000 | -£4,572,000 | -£2,462,000 | £7,255,000 | |
| Net profit | — | — | -£2,465,000 | £6,056,000 | |
| Cash | £2,217,000 | £2,174,000 | £1,077,000 | £88,000 | |
| Total assets less current liabilities | £5,828,000 | £2,424,000 | -£10,986,000 | -£4,930,000 | |
| Net assets | £4,845,000 | £394,000 | -£10,986,000 | -£4,930,000 | |
| Equity | £4,845,000 | £394,000 | -£10,986,000 | -£4,930,000 | |
| Average employees | 14 | 16 | 12 | 2 | |
| Wages | — | — | £1,061,000 | £166,000 | |
| Directors' remuneration | — | — | — | — |
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
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
-120.5%
£453,000 -£93,000
lowest in 4 filed years
-
Cash
-91.8%
£1,077,000 £88,000
lowest in 4 filed years
-
Net assets
+55.1%
-£10,986,000 -£4,930,000
-
Employees
-83.3%
12 2
lowest in 4 filed years
-
Operating profit
+456.8%
-£2,117,000 £7,554,000
highest in 4 filed years
-
Profit before tax
+394.7%
-£2,462,000 £7,255,000
highest in 4 filed years
-
Wages
-84.4%
£1,061,000 £166,000
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 | 2019-09-30 | 2020-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating margin | -47.7% | -18.7% | — | — | |
| Return on capital employed | -94.4% | -188.6% | 19.3% | -153.2% | |
| Current ratio | — | — | 0.32x | 0.09x | |
| Interest cover | — | -4571.00x | -5.78x | 25.01x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, given that the company no longer continues any of its trading operations within the 12 months following approval of these financial statements, the financial statements have been prepared on a basis other than a going concern. Adopting a basis other than going concern has not given rise to any adjustments to the financial statements.”
Significant events
- “Negative revenue arose in the year due to customer rebilling based on updated industry readings, resulting in credit amounts owing to customers.”
- “The company released the imbalance provision held for any payments arising when the Gas Networks completed their reconciliations during the year (£7.9m).”
- “This Company was released from these obligations on receipt of the notice of cessation as a user under the Uniform Network Code from Xoserve, which took effect on 21 June 2024.”
- “Upon finalisation of the transaction on 21 October 2022 the impact of competitive and financial instrument risks have reduced significantly.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DRURY, Robert Michael | Director | 2025-07-01 | Oct 1969 | British |
| FAZIO VANDERBORGHT, Julie | Director | 2025-08-29 | Jul 1972 | Belgian |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ACKROYD, James Michael Andrew | Director | 2022-04-19 | 2024-05-03 |
| BROSETA, Laurence | Director | 2022-04-20 | 2023-09-01 |
| EWART, Dean Ley | Director | 2019-12-02 | 2022-04-19 |
| FERREIRA, Nuno Miguel Laurentino | Director | 2023-10-09 | 2025-08-29 |
| GARCIA, Gabriel Gary | Director | 2016-10-17 | 2019-05-31 |
| GROTH, Donald | Director | 2016-10-17 | 2019-12-02 |
| JASTRZEBSKI, Thaddeus J. | Director | 2018-05-22 | 2019-12-02 |
| MATRAS, Yannick Noël Yves | Director | 2022-04-20 | 2024-12-31 |
| MATTERN, Megan | Director | 2023-01-27 | 2025-07-01 |
| MILNER, Jessica Ann | Director | 2019-12-02 | 2022-04-19 |
| MURPHY, Neil | Director | 2016-10-17 | 2019-12-02 |
| OLIVER, Kirk | Director | 2016-10-17 | 2018-05-11 |
| ORTIZ-LANDAZABAL, Marie-Dominique Cecile | Director | 2019-12-02 | 2023-01-27 |
| PERREAULT, Roger | Director | 2016-10-17 | 2022-04-20 |
| REID, Beth Amanda | Director | 2016-10-17 | 2019-12-02 |
| WIDDUP, Angela Margaret | Director | 2016-10-17 | 2019-12-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ugi Midlands Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-17 | Active |
Filing timeline
Last 20 of 64 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-29 | AA | accounts | Accounts with accounts type full | |
| 2025-07-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-17 | AA | accounts | Accounts with accounts type full | |
| 2023-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-13 | AA | accounts | Accounts with accounts type full | |
| 2023-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-27 | AA | accounts | Accounts with accounts type full | |
| 2022-05-10 | RP04AP01 | officers | Second filing of director appointment with name |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.