HIGHLAND FUELS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-16 (in 10mo)
Last made up 2026-03-02
Watchouts
None on the register
Cash
£9M
+52.3% vs 2023
Net assets
£36M
+9.7% highest in 4 filed years
Employees
254
+2% highest in 4 filed years
Profit before tax
£7M
+4.9% vs 2023
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £332,541,375 | £359,049,771 | |
| Operating profit | — | — | £6,672,783 | £7,022,764 | |
| Profit before tax | — | — | £6,804,486 | £7,137,141 | |
| Net profit | £3,770,293 | £7,485,970 | £5,158,038 | £5,221,672 | |
| Cash | £7,642,671 | £15,210,996 | £5,959,692 | £9,076,016 | |
| Total assets less current liabilities | — | — | £36,767,044 | £40,630,306 | |
| Net assets | £27,534,684 | £35,020,654 | £33,241,812 | £36,463,484 | |
| Equity | — | — | £33,241,812 | £36,463,484 | |
| Average employees | 232 | 235 | 249 | 254 | |
| Wages | £5,321,491 | £6,309,434 | £7,476,341 | £7,955,622 | |
| Directors' remuneration | — | — | £691,540 | £626,639 |
Values shown as filed in the company's annual accounts. — 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
+8%
£332,541,375 £359,049,771
-
Cash
+52.3%
£5,959,692 £9,076,016
-
Net assets
+9.7%
£33,241,812 £36,463,484
highest in 4 filed years
-
Employees
+2%
249 254
highest in 4 filed years
-
Operating profit
+5.2%
£6,672,783 £7,022,764
-
Profit before tax
+4.9%
£6,804,486 £7,137,141
-
Wages
+6.4%
£7,476,341 £7,955,622
highest in 4 filed years
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 2.0% | 2.0% | |
| Net margin | — | — | 1.6% | 1.5% | |
| Return on capital employed | — | — | 18.1% | 17.3% | |
| Gearing (liabilities / total assets) | — | — | 47.7% | 45.0% | |
| Current ratio | — | — | 1.52x | 1.56x |
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
- Consolidated group
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared under the going concern basis. The Group closely monitors and manages its funding position and liquidity risk throughout the year to ensure that it has access to sufficient funds to meet forecast cash requirements. The Group's business activities together with the factors likely to affect its financial position and its exposure to credit, liquidity and interest rate risk are described in the Strategic Report. The Directors have assessed profitability and cash flow forecasts, including significant but plausible downside sensitivities, applied to turnover and profitability for a range of issues including the continuing impact of the war in Ukraine on the global oil markets. This assessment shows substantial headroom within forecasts as regards the funding resources available to the Group. The Directors believe that sufficient funds are available to allow the company and all subsidiaries to continue to meet their obligations for the going concern period to 30 June 2026, and that it therefore remains appropriate to prepare the financial statements on a going concern basis.”
Group structure
- HIGHLAND FUELS LIMITED · parent
- SCM Affric Limited 100%
- SCM Ardrossan Limited 100%
- SCM Auchenharvie Limited 100%
- SCM Bobbin Limited 100%
- SCM Campbeltown Limited 100%
- SCM County Limited 100%
- SCM Darncymill Limited 100%
- SCM Huntly Limited 100%
- SCM Kilbirnic Limited 100%
- SCM Kilwinning Limited 100%
- SCM Loans Limited 100%
- SCM Mills Limited 100%
- SCM Pier Limited 100%
- SCM Property Holdings Limited 100%
- SCM Ravenspark Limited 100%
- SCM Riggend Limited 100%
- SCM Sandybrae Limited 100%
- SCM Scapa Limited 100%
- SCM Sheiling Limited 100%
- SCM Toll Limited 100%
- Thames Petroleum (Scotland) Limited 100%
- SCM Balfron Limited 100%
- Highland Electricity Limited 100%
Significant events
- “The Employee Ownership Trust (EOT) was established in August 2023, and its continued success has strengthened camaraderie and shared purpose across the organisation.”
- “Expansion of our fuel card services also continued during the trading year and reflected a 26% growth in sales.”
- “Highland Fuels remains committed to supporting customers in transitioning to low-carbon liquid fuels. This year, we achieved substantial growth in renewable fuel sales across Scotland and introduced renewable marine fuel at Montrose Port.”
- “Technology investments have further modernised operations, including the introduction of onboard truck computers replacing time consuming paper-based processes together with a new centralised fleet management system providing for full visibility across our depot network.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURNESS PAULL LLP | Corporate Secretary | 2014-12-22 | — | — |
| CLINTON, Nicholas Francis Apps | Director | 2022-06-06 | May 1976 | British |
| HUTCHESON, Christopher James | Director | 2024-06-05 | May 1984 | Scottish |
| MACLEAN, Pamela Margaret | Director | 2011-05-01 | Jun 1968 | British |
| MURDOCH, Allan | Director | 2024-06-05 | Sep 1981 | British |
| RHODES, Stephen Grant | Director | 2021-05-24 | Jun 1973 | British |
| SHAND, George Graeme Mcintosh | Director | 1997-03-01 | Jun 1964 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRODIE, Alfred | Secretary | — | 1994-07-31 |
| BROWN, George Stuart Grindley | Secretary | 1994-07-31 | 2001-05-17 |
| CRUDEN, Isobel Macgregor | Secretary | 2001-05-17 | 2005-07-05 |
| LEDINGHAM CHALMERS LLP | Corporate Secretary | 2006-04-01 | 2014-12-22 |
| LEDINGHAM CHALMERS LLP | Corporate Secretary | 2005-07-05 | 2006-04-01 |
| BOWLEY, Denis | Director | 1991-07-01 | 2001-05-17 |
| BRODIE, Alfred | Director | — | 1999-01-29 |
| BROWN, James Hamilton | Director | — | 1995-12-22 |
| CRUDEN, Isobel Macgregor | Director | 2004-04-08 | 2019-03-28 |
| GOLD, Cameron | Director | 2021-05-24 | 2024-03-31 |
| LAWRIE, Keith Douglas | Director | 2001-11-21 | 2004-05-31 |
| LETTEN, William Frank Somerville | Director | — | 1991-07-01 |
| LUCAS, Joseph Roger John | Director | — | 1994-07-31 |
| MACALEESE, Brian Robert | Director | 1998-03-02 | 2001-05-17 |
| MACLEOD, Donald | Director | 2017-07-17 | 2020-03-13 |
| MCINTOSH, Alistair Burnett | Director | 2011-05-01 | 2024-05-31 |
| MCKENZIE, Keith | Director | 2021-05-24 | 2022-06-06 |
| MCNAB, Colin Hamilton | Director | 2001-05-17 | 2004-04-08 |
| MCNAB, Colin Hamilton | Director | — | 1998-04-27 |
| MEARNS, Peter | Director | 2017-07-01 | 2023-08-22 |
| RHODES, William Robert | Director | — | 1998-06-30 |
| STRACHAN, George | Director | — | 1995-12-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Highland Fuels Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 210 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-06 | AA | accounts | Accounts with accounts type group | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-16 | CH01 | officers | Change person director company with change date | |
| 2024-07-03 | AA | accounts | Accounts with accounts type group | |
| 2024-06-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-24 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-08-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-13 | AA | accounts | Accounts with accounts type group | |
| 2023-07-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-11 | CH01 | officers | Change person director company with change date | |
| 2022-08-23 | AA | accounts | Accounts with accounts type group | |
| 2022-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.