HIGHLAND FUELS (INVESTMENTS) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-21 (in 1mo)
Last made up 2025-06-07
Watchouts
None on the register
Cash
£9M
+52.3% vs 2023
Net assets
£30M
+11.8% vs 2023
Employees
254
+2% highest in 4 filed years
Profit before tax
£7M
+4.5% vs 2023
Net assets
4-year trend · vs Industrials 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 | — | — | £6,599,469 | £6,920,290 | |
| Profit before tax | — | — | £6,731,172 | £7,034,667 | |
| Net profit | £0 | £0 | £5,084,724 | £5,119,198 | |
| Cash | — | — | £5,959,692 | £9,076,016 | |
| Total assets less current liabilities | — | — | £30,065,007 | £33,825,795 | |
| Net assets | — | — | £26,539,775 | £29,658,973 | |
| Equity | — | — | £26,539,775 | £29,658,973 | |
| Average employees | 232 | 235 | 249 | 254 | |
| Wages | — | — | £7,476,341 | £7,955,622 | |
| Directors' remuneration | — | — | £488,078 | £428,037 |
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
+11.8%
£26,539,775 £29,658,973
-
Employees
+2%
249 254
highest in 4 filed years
-
Operating profit
+4.9%
£6,599,469 £6,920,290
-
Profit before tax
+4.5%
£6,731,172 £7,034,667
-
Wages
+6.4%
£7,476,341 £7,955,622
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% | 1.9% | |
| Net margin | — | — | 1.5% | 1.4% | |
| Return on capital employed | — | — | 22.0% | 20.5% | |
| Current ratio | — | — | 1.24x | 1.27x |
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
- HIGHLAND FUELS (INVESTMENTS) LIMITED 2009-07-03 → present
- LEDGE 1086 LIMITED 2009-06-11 → 2009-07-03
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 Director has 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 Director believes 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 2025, and that it therefore remains appropriate to prepare the financial statements on a going concern basis. As part of the Group, the company has access to financial resources as required. We remain confident that our financial resources are strong, well balanced and suitably liquid. The Group has a positive cash at bank position of approximately £11.5m at the time of this report, and the current year trading performance remains strong in terms of profitability and cash generation.”
Group structure
- HIGHLAND FUELS (INVESTMENTS) LIMITED · parent
- Highland Fuels (Holdings) Limited 100%
- Highland Fuels Limited 100%
- SCM Affric Limited 100%
- SCM Ardrossan Limited 100%
- SCM Auchenharvie Limited 100%
- SCM Balfron Limited 100%
- SCM Bobbin Limited 100%
- SCM Campbeltown Limited 100%
- SCM County Limited 100%
- SCM Darnleymill Limited 100%
- SCM Huntly Limited 100%
- SCM Kilbirnie 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 Sandybrac Limited 100%
- SCM Scapa Limited 100%
- SCM Sheiling Limited 100%
- SCM Toll Limited 100%
- Thames Petroleum (Scotland) 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.”
- “Turnover for the year to 31st December 2024 increased by 8%, driven by sustained demand and market conditions.”
- “Investments in non-fuel income streams within the retail estate continued to yield positive results. Notable developments included the upgrading and merchandising of several of our forccourt stores and commencement of the redevelopment of Balfron filling station, which will feature our third Morrison's Daily convenience store from Q1 2025.”
- “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.”
- “The company also expanded its tank telemetry services, enhancing operational efficiency through new supplier partnerships and in-house installations.”
- “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
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURNESS PAULL LLP | Corporate Secretary | 2014-12-22 | — | — |
| CLINTON, Nicholas Francis Apps | Director | 2023-08-22 | May 1976 | British |
| MACLEAN, Pamela Margaret | Director | 2023-08-22 | Jun 1968 | British |
| RHODES, Stephen Grant | Director | 2023-08-22 | Jun 1973 | British |
| SHAND, George Graeme Mcintosh | Director | 2009-07-01 | Jun 1964 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LC SECRETARIES LIMITED | Corporate Secretary | 2009-06-11 | 2009-07-01 |
| LEDINGHAM CHALMERS LLP | Corporate Secretary | 2009-07-01 | 2014-12-22 |
| CRUDEN, Isobel Macgregor | Director | 2009-07-01 | 2019-03-28 |
| LEIPER, Pamela Summers | Director | 2009-06-11 | 2009-07-01 |
| MATHESON, Kenneth Andrew | Director | 2009-07-01 | 2017-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Highland Fuels Trustees Limited | Corporate entity | ownership-of-shares-50-to-75-percent-as-trust, voting-rights-50-to-75-percent-as-trust | 2023-09-28 | Active |
| Mr George Graeme Mcintosh Shand | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 80 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-06 | AA | accounts | Accounts with accounts type group | |
| 2025-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-11 | CH01 | officers | Change person director company with change date | |
| 2024-10-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-16 | CH01 | officers | Change person director company with change date | |
| 2024-07-03 | AA | accounts | Accounts with accounts type group | |
| 2024-06-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-08-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-13 | AA | accounts | Accounts with accounts type group | |
| 2023-07-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-06 | AA | accounts | Accounts with accounts type group | |
| 2022-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type group | |
| 2021-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-07 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.