ARAMCO TRADING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-04 (in 11mo)
Last made up 2026-03-21
Watchouts
None on the register
Cash
£190M
USD 254,010,000
+272% vs 2023
Net assets
£1B
USD 1,343,571,000
+11.1% vs 2023
Employees
78
+8.3% vs 2023
Profit before tax
£134M
USD 179,438,000
-39.8% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £18,848,172,236 | £20,708,270,913 | |
| Operating profit | £192,574,568 | £147,625,776 | |
| Profit before tax | £222,668,760 | £134,139,194 | |
| Net profit | £170,107,647 | £100,571,130 | |
| Cash | £51,039,845 | £189,885,625 | |
| Total assets less current liabilities | £903,817,747 | £1,069,934,215 | |
| Net assets | £903,817,747 | £1,004,388,876 | |
| Equity | £903,817,747 | £1,004,388,876 | |
| Average employees | 72 | 78 | |
| Wages | £4,927,114 | £13,157,659 | |
| Directors' remuneration | — | — |
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
-
Turnover
+9.9%
£18,848,172,236 £20,708,270,913
-
Cash
+272%
£51,039,845 £189,885,625
-
Net assets
+11.1%
£903,817,747 £1,004,388,876
-
Employees
+8.3%
72 78
-
Operating profit
-23.3%
£192,574,568 £147,625,776
-
Profit before tax
-39.8%
£222,668,760 £134,139,194
-
Wages
+167%
£4,927,114 £13,157,659
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 | 1.0% | 0.7% | |
| Net margin | 0.9% | 0.5% | |
| Return on capital employed | 21.3% | 13.8% | |
| Gearing (liabilities / total assets) | 68.1% | 56.2% | |
| Current ratio | 1.17x | 1.33x | |
| Interest cover | 14.72x | 8.24x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis. The directors have reviewed the Company's financial position and available cash resources and are satisfied that the Company will continue as a going concern for at least the next 12 months from the date of the approval of these annual financial statements as the Company is profitable.”
Group structure
- ARAMCO TRADING LIMITED · parent
- Aramco Trading Americas Holdings Inc. 100%
Significant events
- “On 2 January 2025, Aramco Trading Americas Holding LLC (ATAH), a wholly owned subsidiary of the Company, was placed into dissolution. As a result, all of ATAH's interest in Aramco Trading Americas LLC (ATA) were transferred to the Company. Consequently, the Company now directly holds 100% of the limited liability company interest in ATA.”
- “After year end, the Company also decided not to extend the supply and purchase contract with Kalundborg refinery. Management considered both internal and external circumstances and reached agreement with the counterparty to fully terminate all transactions on 7 March 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FURNESS, Frances Louise Elizabeth | Secretary | 2024-05-23 | — | — |
| MACDONALD, Kendra Mary Llewelyn | Secretary | 2020-01-02 | — | — |
| AL-MULHIM, Mohammed Khalifa | Director | 2019-03-28 | Sep 1968 | Saudi Arabian |
| BU ALI, Mohammed Abdullah | Director | 2023-11-01 | Nov 1979 | Saudi Arabian |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| REED SMITH CORPORATE SERVICES LIMITED | Corporate Secretary | 2019-03-28 | 2020-01-02 |
| AL-BUAINAIN, Ibrahim Qassim | Director | 2019-03-28 | 2023-10-23 |
| KADI, Mohammed Ahmed | Director | 2019-03-28 | 2023-10-31 |
| KHATIR, Mohammad Ahmad | Director | 2023-11-01 | 2026-02-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Government Of The Kingdom Of Saudi Arabia | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-03-28 | Active |
Filing timeline
Last 20 of 26 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-29 | CH01 | officers | Change person director company with change date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-05-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-03-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-23 | AA | accounts | Accounts with accounts type full | |
| 2023-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-13 | SH01 | capital | Capital allotment shares | |
| 2023-03-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-09 | SH01 | capital | Capital allotment shares | |
| 2022-12-15 | AA | accounts | Accounts with accounts type full | |
| 2022-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | AA | accounts | Accounts with accounts type full | |
| 2021-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.