WE REFUEL LTD

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Confirmation statement overdue

  Due 2026-03-29.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Rayner Essex LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. WE REFUEL LTD · parent
   1. We Refuel BV 100% · Netherlands · Sale and transportation of oil

Significant events

• “2023 saw WeRefuel expand its business activities into third party transport movements as a means to diversify the business and look to build on the profitable moves in 2022. Unfortunately running one vessel alone on these movements did not offer enough flexibility to take full advantage and optimise movements. As a result the model was unsuccessful and resulted in a loss making model. Due to the period of commitments this was for the full duration of 2023.”
• “Although the net result was a loss for the business, bunkering remains the core successful operation of the business and was a profitable segment during 2023. As part of the business strategy focus has been re aligned to purely bunkering and a more efficient and streamlined operation has been conducted into 2024.”
• “During the year the company incorporated a wholly owned subsidiary, We Refuel BV. Subsequently, to maintain specific focus on the different types of business, the bunkering business was transferred to We Refuel BV with the transportation trading remaining in We Refuel Ltd.”

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

Filings

4

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.