TRAC ENERGY LIMITED
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Next accounts due
2026-12-30 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-07 (in 11mo)
Last made up 2026-03-24
Watchouts
None on the register
Cash
£26K
-47.4% vs 2024
Net assets
£4M
-9.2% lowest in 6 filed years
Employees
163
+5.8% highest in 6 filed years
Profit before tax
-£516K
-119.7% lowest in 6 filed years
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | £17,143,273 | £11,921,166 | — | — | £20,831,512 | £24,255,239 | |
| Operating profit | £148,556 | £149,044 | — | — | -£209,503 | -£412,532 | |
| Profit before tax | £148,556 | £146,064 | £67,910 | £34,830 | -£234,683 | -£515,538 | |
| Net profit | £54,200 | £121,152 | £29,194 | £11,374 | -£194,047 | -£412,626 | |
| Cash | £29,399 | £252,289 | £41,371 | £18,854 | £49,115 | £25,821 | |
| Total assets less current liabilities | £4,615,079 | £4,805,781 | £4,829,265 | £4,813,390 | £4,716,650 | £4,472,221 | |
| Net assets | £4,494,391 | £4,615,543 | £4,644,737 | £4,656,111 | £4,462,064 | £4,049,438 | |
| Equity | £4,494,391 | £4,615,543 | £4,644,737 | £4,656,111 | £4,462,064 | £4,049,438 | |
| Average employees | 74 | 87 | 136 | 145 | 154 | 163 | |
| Wages | £3,642,935 | £4,881,864 | £10,730,127 | £12,302,177 | £13,173,661 | £13,793,221 | |
| Directors' remuneration | £130,600 | £108,312 | £112,630 | £113,765 | £124,974 | £121,083 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+16.4%
£20,831,512 £24,255,239
highest in 4 filed years
-
Cash
-47.4%
£49,115 £25,821
-
Net assets
-9.2%
£4,462,064 £4,049,438
lowest in 6 filed years
-
Employees
+5.8%
154 163
highest in 6 filed years
-
Operating profit
-96.9%
-£209,503 -£412,532
lowest in 4 filed years
-
Profit before tax
-119.7%
-£234,683 -£515,538
lowest in 6 filed years
-
Wages
+4.7%
£13,173,661 £13,793,221
highest in 6 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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 0.9% | 1.3% | — | — | -1.0% | -1.7% | |
| Net margin | 0.3% | 1.0% | — | — | -0.9% | -1.7% | |
| Return on capital employed | 3.2% | 3.1% | — | — | -4.4% | -9.2% | |
| Current ratio | — | — | — | — | 1.69x | 1.58x | |
| Interest cover | — | 50.01x | — | — | -8.32x | -4.00x |
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 1 time since incorporation
- TRAC ENERGY LIMITED 2022-03-01 → present
- TRAC OIL & GAS LIMITED 2009-03-03 → 2022-03-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' 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 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
- TRAC ENERGY LIMITED · parent
- TRAC Oil & Gas PTY Ltd 100%
- TRAC Petroleo e Gas Ltda 99%
- TRAC Oil & Gas Limited 100%
Significant events
- “The results for the year reflect a continuation of the challenging trading conditions being experienced across the group last year. We continued to be faced with a variety of different pressures; most notably supply chain disruption, project award delays and labour shortages. In addition, we saw significant raw material cost inflation.”
- “During the year, the company entered into a sale and leaseback arrangement involving certain assets, including plant and machinery and motor vehicles. The company sold these assets for a total of £932,888 and immediately leased them back under finance leases for an initial term of 3 years.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STEPHEN, Kevin Robert | Secretary | 2009-03-05 | — | British |
| HAWTHORN, Kenneth Daniel | Director | 2009-03-03 | Oct 1969 | British |
| PETERSON, Alexander Cameron | Director | 2009-03-03 | Mar 1957 | Other |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Trac International Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
| Mr Kenneth Daniel Hawthorn | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 57 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-03-01 CERTNM Certificate change of name company
- 2022-03-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-02 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2026-04-29 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2026-04-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-24 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-08-26 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-27 | AA | accounts | Accounts with accounts type full | |
| 2024-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-29 | AA | accounts | Accounts with accounts type full | |
| 2023-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-21 | AA | accounts | Accounts with accounts type full | |
| 2022-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-03-01 | RESOLUTIONS | resolution | Resolution | |
| 2021-12-24 | AA | accounts | Accounts with accounts type full | |
| 2021-12-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-31 | AA | accounts | Accounts with accounts type full |
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.