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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-06-27 (in 1mo)

Last made up 2025-06-13

Watchouts

None on the register

Cash

£53M

USD 70,738,000

Latest balance sheet

Net assets

£55M

USD 72,954,000

Equity attributable

Employees

22

Average over period

Profit before tax

£7M

USD 8,815,000

Period ending 2024-12-31

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £7,542,193,317£5,516,614,338
Operating profit £42,509,531£5,027,286
Profit before tax £42,939,374£6,589,669
Net profit £34,765,643£9,973,088
Cash £154,856,844£52,880,317
Total assets less current liabilities £44,180,309£54,536,892
Net assets £44,180,309£54,536,892
Equity £44,180,309£54,536,892
Average employees 1822
Wages £4,064,439£4,441,953
Directors' remuneration £343,874£332,661

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. 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

Year-on-year comparison hidden: this filing's period length differs materially from the prior year.

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-31
Operating margin 0.6%0.1%
Net margin 0.5%0.2%
Return on capital employed 96.2%9.2%
Gearing (liabilities / total assets) 89.9%82.9%
Current ratio 1.11x1.20x
Interest cover 57.56x19.00x

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 101
Reporting scope
Standalone (parent only)
Auditor
Ernst & Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors have adopted the going concern principle in formulating the financial statements and have determined that there are no significant uncertainties casting doubt on the Company's ability to continue as a going concern. Given its robust balance sheet, available liquidity, and financing flexibility, the directors affirm the Company's ability to continue as a going concern for at least the period ending 31 July 2026. As a result, the financial statements have been prepared on a going concern basis.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

2 active · 5 resigned

Name Role Appointed Born Nationality
HUANG, Xiaosheng Director 2021-03-24 Sep 1973 Chinese
WANG, Chen Director 2023-04-04 Aug 1981 Chinese
Show 5 resigned officers
Name Role Appointed Resigned
INCE & CO CORPORATE SERVICES LIMITED Corporate Secretary 2023-07-10 2023-09-28
INCE GD CORPORATE SERVICES LIMITED Corporate Secretary 2022-03-22 2023-07-10
LIU, Xiaofei Director 2021-03-24 2023-04-04
SHEN, Yiming Director 2019-03-20 2021-04-08
ZHOU, Zhenhua Director 2019-03-20 2021-04-08

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Cnooc Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2019-03-20 Ceased 2019-03-20
State-Owned Assets Supervision And Administration Commission Of The State Council Legal person Shares 50–75% 2019-03-20 Active

Filing timeline

Last 20 of 41 total filings

Date Type Category Description
2025-08-13 AA accounts Accounts with accounts type full
2025-07-10 CH01 officers Change person director company with change date PDF
2025-07-10 CH01 officers Change person director company with change date PDF
2025-06-24 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-05-08 AD01 address Change registered office address company with date old address new address PDF
2024-09-13 CH01 officers Change person director company with change date PDF
2024-07-29 PSC03 persons-with-significant-control Notification of a person with significant control PDF
2024-07-29 PSC09 persons-with-significant-control Withdrawal of a person with significant control statement PDF
2024-07-24 AA accounts Accounts with accounts type full
2024-07-11 CS01 confirmation-statement Confirmation statement with updates PDF
2024-03-15 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-03-15 CH01 officers Change person director company with change date PDF
2024-03-15 CH01 officers Change person director company with change date PDF
2023-12-27 AA accounts Accounts with accounts type full
2023-09-28 TM02 officers Termination secretary company with name termination date PDF
2023-08-30 CH04 officers Change corporate secretary company with change date PDF
2023-07-10 AP04 officers Appoint corporate secretary company with name date PDF
2023-07-10 TM02 officers Termination secretary company with name termination date PDF
2023-05-01 AP01 officers Appoint person director company with name date PDF
2023-05-01 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
5

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page