GUNVOR UK LIMITED
Operating as the British subsidiary of an employee-owned multinational energy commodities group, the company focuses on the trading and distribution of gas and other energy products.
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Cash
£307k
-99.6% vs 2024
Net assets
£52m
-34.7% vs 2024
Employees
79
+23.4% highest in 6 filed years
Profit before tax
-£24m
-163.6% lowest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Utilities median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £24,298,148 | £11,588,935 | £210,078,625 | £147,147,567 | £95,549,152 | £27,496,487 | -71.2% | |
| Operating profit | — | -£12,460,809 | £173,309,336 | £105,458,455 | £38,176,151 | -£26,791,236 | -170.2% | |
| Profit before tax | — | -£12,523,870 | £173,295,431 | £105,416,758 | £38,192,086 | -£24,300,333 | -163.6% | |
| Net profit | £5,020,899 | -£13,759,086 | £144,504,454 | £81,073,030 | £23,543,414 | -£21,598,276 | -191.7% | |
| Cash | £17,600 | £6,653,967 | £590,737 | £5,738,773 | £76,041,722 | £307,228 | -99.6% | |
| Total assets less current liabilities | — | — | — | £154,722,626 | £86,055,567 | £54,168,463 | -37.1% | |
| Net assets | — | £11,915,084 | £165,292,628 | £153,714,796 | £79,661,808 | £51,981,004 | -34.7% | |
| Equity | £19,649,432 | £11,915,084 | £165,292,628 | £153,714,796 | £79,661,808 | £51,981,004 | -34.7% | |
| Average employees | 12 | 20 | 31 | 47 | 64 | 79 | +23.4% | |
| Wages | — | £19,318,393 | £30,207,097 | £29,248,552 | £40,082,261 | £30,363,357 | -24.2% | |
| Directors' remuneration | — | — | — | £70,960 | £94,958 | £159,202 | +67.7% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | -107.5% | 82.5% | 71.7% | 40.0% | -97.4% | |
| Net margin | 20.7% | -118.7% | 68.8% | 55.1% | 24.6% | -78.5% | |
| Return on capital employed | — | — | — | 68.2% | 44.4% | -49.5% | |
| Gearing (liabilities / total assets) | — | 52.1% | 24.2% | 11.8% | 32.2% | 37.9% | |
| Current ratio | — | — | — | 8.88x | 3.68x | — | |
| Interest cover | — | — | — | — | — | -37.89x |
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
- Standalone (parent only)
- Auditor
- Bourner Bullock
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is dependent on the support of the Group as a going concern. The directors consider it appropriate to prepare the accounts on a going concern basis as that assumes further support will be obtained when and if needed.”
Significant events
- “In 2025, the Group completed a significant ownership transition as part of its strategy to position the business for its next phase of growth.”
- “Group employee turnover reach 24% (11% in 2024), the high turnover rate reported in 2025 was driven by workforce reductions associated with the mothballing of a Group asset, which resulted in a significant number of employee departures.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COOMBE, Clive Charles | Director | 2025-12-15 | Dec 1973 | British |
| HAYTHORNTHWAITE, Paul Edward | Director | 2025-12-15 | Dec 1981 | British |
| REINLIEB, James Lee | Director | 2025-12-15 | Nov 1974 | British |
| WEBSTER, Jeffrey Michael | Director | 2025-12-15 | Jan 1979 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DELLA VALLE, Aldo | Director | 2018-11-19 | 2025-12-15 |
| HADJIGEORGIOU, Christina | Director | 2018-10-18 | 2018-11-19 |
| HAYTHORNTHWAITE, Paul Edward | Director | 2023-01-01 | 2025-07-31 |
| LECLERCQ, Jean-Baptiste | Director | 2025-07-31 | 2025-12-15 |
| MAI, Hoang Gia | Director | 2020-04-28 | 2025-12-15 |
| MICHEL, Pascal | Director | 2018-11-19 | 2020-04-28 |
| TORNQVIST, Fredrik Gustaf | Director | 2023-01-01 | 2025-12-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gary Nelson Pedersen | Individual | Significant influence | 2025-12-03 | Active |
| Mr Torbjorn Tornqvist | Individual | Shares 75–100% | 2018-10-18 | Ceased 2025-12-03 |
Filing timeline
Last 20 of 58 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-19 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-24 | CH01 | officers | Change person director company with change date | |
| 2025-10-23 | AA | accounts | Accounts with accounts type full | |
| 2025-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-30 | CH01 | officers | Change person director company with change date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 4
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.