NORPIPE TERMINAL HOLDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-10 (in 2mo)
Last made up 2025-06-26
Watchouts
None on the register
Cash
£7M
-0.5% vs 2023
Net assets
£29M
+1,161.3% vs 2023
Employees
0
Average over period
Profit before tax
£55M
+12.4% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £200,480,000 | £224,457,000 | |
| Operating profit | £61,559,000 | £69,116,000 | |
| Profit before tax | £48,877,000 | £54,922,000 | |
| Net profit | £37,494,000 | £46,241,000 | |
| Cash | £6,794,000 | £6,763,000 | |
| Total assets less current liabilities | £142,834,000 | £161,629,000 | |
| Net assets | -£2,687,000 | £28,518,000 | |
| Equity | -£2,687,000 | £28,518,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £0 | £0 |
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 2024-12-31 vs 2023-12-31
-
Turnover
+12%
£200,480,000 £224,457,000
-
Cash
-0.5%
£6,794,000 £6,763,000
-
Net assets
+1,161.3%
-£2,687,000 £28,518,000
-
Employees
—
Not reported
-
Operating profit
+12.3%
£61,559,000 £69,116,000
-
Profit before tax
+12.4%
£48,877,000 £54,922,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 30.7% | 30.8% | |
| Net margin | 18.7% | 20.6% | |
| Return on capital employed | 43.1% | 42.8% | |
| Gearing (liabilities / total assets) | 100.8% | 92.2% | |
| Current ratio | 0.20x | 0.31x | |
| Interest cover | 2.86x | 2.83x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future and meet its liabilities as they fall due.”
Group structure
- NORPIPE TERMINAL HOLDCO LIMITED · parent
- Norsea Pipeline Limited 1%
- Norpipe Petroleum UK Limited 1%
Significant events
- “Steady throughput of crude and natural gas liquids (N.G.L.) has been maintained throughout 2024.”
- “Approval of our work programme budget for 2025, including the triennial main site shutdown, and the 3-year look ahead covering the period 2026-2028.”
- “General optimisation of plant performance has reduced overall emissions by over 5,000 tonnes of greenhouse gases in 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PEPIN, Jean-Francois | Secretary | 2022-10-28 | — | — |
| CATALANO, Roccantonio | Director | 2025-01-09 | Apr 1971 | Italian |
| DESINDES, Simon Nicolas Georges | Director | 2024-09-01 | Aug 1986 | French |
| JORGENSEN, Arild Kvanvik | Director | 2020-09-11 | May 1969 | Norwegian |
| LELARGE, Vincent | Director | 2024-07-01 | Jun 1976 | French |
| MURRAY, Shaun Patrick | Director | 2020-10-05 | Dec 1977 | British |
| PORRETTA SERAPIGLIA, Claudia | Director | 2025-06-18 | Nov 1977 | Italian |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FISHER, Clare Catherine | Secretary | 2019-09-30 | 2022-10-28 |
| GRIMSHAW, David | Secretary | 2018-06-27 | 2019-09-30 |
| AARDAL, Ove Andre | Director | 2018-06-27 | 2020-07-15 |
| ARNOLD III, William Thomas | Director | 2018-06-27 | 2018-11-01 |
| BOGNO, Thomas | Director | 2020-04-02 | 2020-09-11 |
| BOYNE, Kevin | Director | 2018-11-23 | 2020-04-02 |
| CUISNIER, Pierre | Director | 2018-07-20 | 2018-11-23 |
| GIUSTO, Manfredi | Director | 2024-10-11 | 2025-06-18 |
| HEMMENS, Philip Duncan | Director | 2022-05-02 | 2022-12-16 |
| JOHANSEN, Jan-Arne | Director | 2018-11-01 | 2024-07-01 |
| LEE, Nicholas Graeme | Director | 2018-06-27 | 2020-07-31 |
| MALGARI, Paolo | Director | 2018-06-27 | 2022-05-02 |
| OPIZZI, Martina | Director | 2020-07-15 | 2022-05-02 |
| PARRA, Laurent Denis | Director | 2021-10-22 | 2024-09-01 |
| PARRA, Laurent Denis | Director | 2020-04-02 | 2020-06-26 |
| SEGER, Mark John | Director | 2018-07-20 | 2020-04-02 |
| TURTELTAUB, Eva | Director | 2022-05-02 | 2024-10-10 |
| VASQUES, Luciano Maria | Director | 2022-12-16 | 2024-10-10 |
| VISSING-JORGENSEN, Claus | Director | 2020-06-26 | 2021-10-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Eni S.P.A. | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-06-27 | Ceased 2018-07-20 |
| Conocophillips (U.K.) Teesside Operator Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-06-27 | Active |
Filing timeline
Last 20 of 63 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-14 | AA | accounts | Accounts with accounts type group | |
| 2025-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type group | |
| 2024-07-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-15 | AA | accounts | Accounts with accounts type group | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-10-31 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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.