FUELS TRANSPORT & LOGISTICS LTD
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Cash
£5.8M
+2.7% vs 2023
Net assets
£2.4M
-43.2% vs 2023
Employees
465
-3.1% vs 2023
Profit before tax
£2.9M
+68.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £50,029,733 | £51,157,336 | +2.3% | |
| Operating profit | £1,523,118 | £2,434,249 | +59.8% | |
| Profit before tax | £1,731,219 | £2,914,226 | +68.3% | |
| Net profit | £1,319,761 | £2,187,152 | +65.7% | |
| Cash | £5,679,896 | £5,831,504 | +2.7% | |
| Total assets less current liabilities | £4,199,992 | £2,387,144 | -43.2% | |
| Net assets | £4,199,992 | £2,387,144 | -43.2% | |
| Equity | £4,199,992 | £2,387,144 | -43.2% | |
| Average employees | 480 | 465 | -3.1% | |
| Wages | £28,861,868 | £29,382,682 | +1.8% | |
| Directors' remuneration | £351,548 | £486,478 | +38.4% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.0% | 4.8% | |
| Net margin | 2.6% | 4.3% | |
| Return on capital employed | 36.3% | 102.0% | |
| Current ratio | 1.46x | 1.24x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of their assessment above of both the company's and Group's financial position, the directors have a reasonable expectation that the company will be able to continue in operational existence for a period to 31 December 2026. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “On 3 April 2024 DHL Supply Chain Limited sold their 49% shareholding in Fuels Transport & Logistics Ltd to Oxalis Logistics UK Limited... FTL is now a 100% member of the Oxalis Logistics Group.”
- “In February 2024 the company left the Hoyer Group and ceased to participate in Hoyer Group treasury arrangements. The company now participates in Oxalis Logistics Group treasury arrangements which include a five year revolving credit facility and asset backed financing facilities provided by ABN Amro.”
- “In December 2024 ABN Amro announced its intention to withdraw from the UK and German asset backed finance market. Oxalis Logistics Group has confirmed with ABN Amro that the existing facilities that are contractually agreed will be honoured for the remaining four years of their agreed duration, however with agreement with ABN the Group has commenced a process to refinance early with the intent that this will be of mutual benefit to both the Oxalis Logistics Group and ABN Amro.”
- “In July 2024 the directors declared and paid an interim dividend of £4,000,000.”
- “On 30 January 2025 an interim dividend of £1,000,000 was paid.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LINNEY, Michael David | Secretary | 2021-06-02 | — | — |
| BLENKINSOP, Nichola Marie | Director | 2024-04-03 | Oct 1976 | British |
| DAVISON, Allan John | Director | 2021-06-02 | Jul 1977 | British |
| LINNEY, Michael David | Director | 2021-06-02 | Jul 1982 | British |
| O'FLYNN, Dominic | Director | 2024-04-03 | Aug 1968 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLOUGH, Ian David | Director | 2020-12-18 | 2022-02-11 |
| HORTON, Pippa Jane | Director | 2023-04-03 | 2024-04-03 |
| MURDOCH, Gavin John | Director | 2022-02-11 | 2024-04-03 |
| PAWAR, Tejinder | Director | 2020-12-18 | 2023-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dr Ingo Krocke | Individual | Shares 25–50% | 2024-04-03 | Ceased 2025-08-11 |
| Oxalis Logistics Uk Limited | Corporate entity | Shares 75–100%, Voting 50–75% (as firm), Appoints directors | 2021-06-02 | Active |
| Dhl Supply Chain Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2020-12-18 | Ceased 2024-04-03 |
Filing timeline
Last 20 of 38 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-27 MA Memorandum articles
- 2025-08-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-09-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-27 | MA | incorporation | Memorandum articles | |
| 2025-08-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-18 | AA | accounts | Accounts with accounts type full | |
| 2024-04-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-04-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-11 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-18 | AA | accounts | Accounts with accounts type full | |
| 2023-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.