SPM OIL & GAS SCOTLAND LIMITED
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Cash
£6.5M
+48.5% vs 2023
Net assets
£8.1M
+8.7% vs 2023
Employees
43
+7.5% vs 2023
Profit before tax
£876K
-48.5% vs 2023
Net assets
2-year trend · vs Energy 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 | £12,145,000 | £10,541,000 | -13.2% | |
| Operating profit | £1,725,000 | £893,000 | -48.2% | |
| Profit before tax | £1,702,000 | £876,000 | -48.5% | |
| Net profit | £1,302,000 | £645,000 | -50.5% | |
| Cash | £4,410,000 | £6,547,000 | +48.5% | |
| Total assets less current liabilities | £7,979,000 | £8,394,000 | +5.2% | |
| Net assets | £7,415,000 | £8,060,000 | +8.7% | |
| Equity | £7,415,000 | £8,060,000 | +8.7% | |
| Average employees | 40 | 43 | +7.5% | |
| Wages | £2,023,000 | £1,991,000 | -1.6% | |
| Directors' remuneration | £164,000 | £153,000 | -6.7% |
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 | 14.2% | 8.5% | |
| Net margin | 10.7% | 6.1% | |
| Return on capital employed | 21.6% | 10.6% | |
| Gearing (liabilities / total assets) | 34.4% | 38.5% | |
| Current ratio | 2.90x | 2.46x | |
| Interest cover | 75.00x | 52.53x |
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.
Name history
Renamed 2 times since incorporation
- SPM OIL & GAS SCOTLAND LIMITED 2021-04-06 → present
- SPECIALISED PETROLEUM MANUFACTURING LIMITED 1991-08-19 → 2021-04-06
- MEDIUMPULSE LIMITED 1991-05-14 → 1991-08-19
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Considering all the above, the directors have a reasonable expectation that the company has adequate financial and other resources to continue in operation for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “The increase in tariffs from the United States has not had a direct impact on the Company as yet. Any increased costs in manufacturing of products to the parent company have not yet been dispersed to the Company so any indirect impact remains to be seen.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARCO, Nicolas | Director | 2025-02-28 | Feb 1979 | French |
| MCGREGOR, Colin Bruce | Director | 2011-12-20 | Mar 1971 | United Kingdom |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DICKSON, Tom | Secretary | 2022-04-27 | 2022-12-31 |
| MCDONALD, Andrew Lawrence Aitken | Secretary | 1991-07-30 | 2011-12-20 |
| MCGREGOR, Colin Bruce | Secretary | 2011-12-20 | 2021-04-01 |
| MORENO PRIETO, Natalia | Secretary | 2023-01-15 | 2026-03-20 |
| WAHIWALA, Manohar Singh | Secretary | 2021-04-01 | 2022-04-27 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 1991-05-14 | 1991-07-30 |
| GILBERT, Ray Lee | Director | 1991-08-05 | 2013-12-18 |
| LOWRANCE, Dan Earl | Director | 1991-07-30 | 2007-07-19 |
| MCDONALD, Andrew Lawrence Aitken | Director | 1991-07-30 | 2015-06-23 |
| MITCHELSON, Alan Wallace Fernie | Director | 2007-10-31 | 2010-07-16 |
| PARADIS, David Andrew | Director | 2013-12-18 | 2015-06-23 |
| PEACH, Keith Richard | Director | 2015-06-23 | 2023-01-10 |
| PERT, Stuart Campbell | Director | 2010-07-16 | 2011-07-06 |
| REID, William Joseph | Director | 1999-08-01 | 2008-03-31 |
| ZADUCK, Kelly Anne Leman | Director | 2022-08-05 | 2025-02-28 |
| ZELLER, Jason Paul | Director | 2013-12-18 | 2015-04-06 |
| JORDANS (SCOTLAND) LIMITED | Corporate Nominee Director | 1991-05-14 | 1991-07-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Twg Investments (No.6) Limited | Corporate entity | Shares 75–100% | 2016-06-04 | Ceased 2016-06-04 |
| Spm Oil & Gas Inc. | Corporate entity | Shares 75–100% | 2016-06-04 | Active |
Filing timeline
Last 20 of 128 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-04-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-12-02 | AA | accounts | Accounts with accounts type full | |
| 2021-06-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-06-14 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.