TUPRAS TRADING LTD
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Cash
£136m
USD 182,804,000
+33.7% vs 2024
Net assets
£85m
USD 114,270,000
+10% highest in 3 filed years
Employees
40
+8.1% highest in 3 filed years
Profit before tax
£10m
USD 13,881,000
+6% vs 2024
Watch the reel
Our short-form breakdown of TUPRAS TRADING LTD's latest filing
Inside the latest accounts for Tupras Trading, the London desk of the Turkish oil giant. 🛢️
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £3,282,008,175 | £3,313,934,597 | £4,015,287,254 | +21.2% | |
| Operating profit | £19,571,906 | £9,079,153 | £8,435,526 | -7.1% | |
| Profit before tax | £20,060,201 | £9,732,441 | £10,316,611 | +6% | |
| Net profit | £15,413,601 | £7,051,654 | £7,737,644 | +9.7% | |
| Cash | £489,842,438 | £101,583,798 | £135,863,248 | +33.7% | |
| Total assets less current liabilities | £72,017,094 | £78,683,017 | £86,014,121 | +9.3% | |
| Net assets | £70,138,239 | £77,189,892 | £84,927,536 | +10% | |
| Equity | £70,138,239 | £77,189,892 | £84,927,536 | +10% | |
| Average employees | 32 | 37 | 40 | +8.1% | |
| Wages | £6,369,379 | £8,196,953 | £9,996,284 | +22% | |
| Directors' remuneration | — | £819,770 | £892,605 | +8.9% |
Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 0.6% | 0.3% | 0.2% | |
| Net margin | 0.5% | 0.2% | 0.2% | |
| Return on capital employed | 27.2% | 11.5% | 9.8% | |
| Gearing (liabilities / total assets) | — | 78.0% | 89.0% | |
| Current ratio | 1.08x | 1.28x | 1.12x | |
| Interest cover | 12.93x | 1.24x | 1.12x |
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
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are of the opinion that the company has adequate resources to fund its operations for the foreseeable future and that there are no material uncertainties that cast doubt on the company's going concern status.”
Significant events
- “In March 2026, the company entered into an overdraft facility agreement of $30.0m for three months. The company had drawn down the full amount in March 2026.”
- “In April 2026, the company obtained a new trade finance facility of $125.0m.”
- “Since February 2026, the conflict involving Iran has increased volatility in crude oil and refined product markets, affecting supply conditions, freight rates, war-risk premiums and product prices. While these developments have increased the company's short-term working capital requirements, they have also created additional trading arbitrage opportunities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PATEL, Jitendra | Secretary | 2025-02-01 | — | — |
| DIZEMEN, Gokhan | Director | 2026-04-01 | Jun 1979 | Turkish |
| DRINKWATER, Richard | Director | 2026-04-01 | Jan 1980 | British |
| YELETAYŞI, Sarp | Director | 2023-01-01 | Apr 1978 | Turkish |
| YELMENOGLU, Ibrahim | Director | 2020-01-20 | Jan 1971 | Turkish |
| ZAGRA, Levent | Director | 2026-04-01 | Dec 1970 | Turkish |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BILSEL, Ali Murat | Secretary | 2021-03-15 | 2022-10-19 |
| DIZEMEN, Gokhan | Secretary | 2020-03-27 | 2021-01-31 |
| DUYGU, Latif Can | Secretary | 2022-10-19 | 2025-02-01 |
| DIZEMEN, Gokhan | Director | 2020-01-20 | 2020-03-02 |
| EYUBOGLU, Yagiz | Director | 2020-03-02 | 2026-04-01 |
| KORKMAZ, Dogan | Director | 2020-01-20 | 2026-04-01 |
| SARPER, Mehmet Ali | Director | 2020-01-20 | 2026-04-01 |
| ULUSU, Atilla | Director | 2020-01-20 | 2023-01-01 |
| YELETAYSI, Sarp | Director | 2020-01-20 | 2020-03-02 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 67 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2026-05-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-17 | RPCH01 | miscellaneous | Legacy | |
| 2026-02-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-24 | AA | accounts | Accounts with accounts type full | |
| 2025-03-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-01 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.