OILFAST HOLDINGS LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2026-08-15 (in 3mo)
Last made up 2025-08-01
Watchouts
Cash
£11M
+18% highest in 3 filed years
Net assets
£9M
+16.6% highest in 3 filed years
Employees
253
+3.7% vs 2024
Profit before tax
£8M
+21% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-06-30
| Metric | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £218,318,203 | £209,593,474 | |
| Operating profit | — | — | — | — | — | £6,449,087 | £7,838,269 | |
| Profit before tax | — | — | — | — | — | £6,523,763 | £7,891,389 | |
| Net profit | — | — | — | — | — | £4,832,136 | £5,825,396 | |
| Cash | — | — | £860,144 | — | — | £9,147,662 | £10,793,255 | |
| Total assets less current liabilities | — | — | £3,449,464 | — | — | £11,426,441 | £14,468,412 | |
| Net assets | — | — | £2,402,891 | — | — | £7,373,805 | £8,597,455 | |
| Equity | £786,748 | — | £2,402,891 | £4,549,664 | £3,084,700 | £7,373,805 | £8,597,455 | |
| Average employees | — | — | — | — | — | 244 | 253 | |
| Wages | — | — | — | — | — | £10,824,373 | £12,141,636 | |
| Directors' remuneration | — | — | — | — | — | £921,401 | £1,136,723 |
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 2025-06-30 vs 2024-06-30
-
Turnover
-4%
£218,318,203 £209,593,474
-
Cash
+18%
£9,147,662 £10,793,255
highest in 3 filed years
-
Net assets
+16.6%
£7,373,805 £8,597,455
highest in 3 filed years
-
Employees
+3.7%
244 253
-
Operating profit
+21.5%
£6,449,087 £7,838,269
-
Profit before tax
+21%
£6,523,763 £7,891,389
-
Wages
+12.2%
£10,824,373 £12,141,636
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 | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 3.0% | 3.7% | |
| Net margin | — | — | — | — | — | 2.2% | 2.8% | |
| Return on capital employed | — | — | — | — | — | 56.4% | 54.2% | |
| Current ratio | — | — | — | — | — | 1.02x | 1.05x | |
| Interest cover | — | — | — | — | — | 163.45x | 43.34x |
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 3 times since incorporation — the current trading name was adopted 2025-07-01
- OILFAST HOLDINGS LIMITED 2025-07-01 → present
- OILFAST LIMITED 2022-01-13 → 2025-07-01
- OILFAST HOLDINGS LIMITED 2021-12-03 → 2022-01-13
- OILFAST LIMITED 2013-06-27 → 2021-12-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- OILFAST HOLDINGS LIMITED · parent
- Vector Business Solutions Ltd 100%
- Vehicle Tracking Solutions Ltd 100%
- Fleetmaxx Solutions Ltd 92.5%
- Fleetblue Ltd 100%
- Nethan 123 Ltd 100%
- Oilmaxx Ltd 100%
- Oilfastexpress Limited 100%
Significant events
- “During the year the company built on the new markets it moved into in prior years and these areas continue to mature nicely.”
- “The growth into these new markets as well as inflation has resulted in an increase in overheads of 15% over the prior year.”
- “On 1 July 2025 the company changed its name from Oilfast Limited to Oilfast Holdings Limited.”
- “The directors approved significant investment into the Group's tanker fleet. This investment will allow the company to have a more reliable fleet allowing improved service levels and helping facilitate the growth into new areas.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDERSON, Stephen | Director | 2013-10-01 | Jul 1978 | British |
| BROGAN, Campbell Bernard | Director | 2013-06-27 | Nov 1966 | British |
| STEWART, Jonathan | Director | 2023-07-25 | Jan 1973 | British |
| TAIT, Alan Henry | Director | 2013-06-27 | May 1966 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARROLL, Joseph | Director | 2017-06-12 | 2024-05-01 |
| LOWE, Charles | Director | 2023-02-20 | 2025-09-01 |
| MCTAGGART, Ronald | Director | 2024-02-01 | 2025-09-01 |
| NICOL, William | Director | 2020-09-30 | 2023-06-02 |
| ROSS, Duncan | Director | 2013-08-26 | 2020-09-30 |
| SLATER, Elizabeth Anne | Director | 2013-08-26 | 2018-08-17 |
| STEWART, Anthony Francis | Director | 2022-05-01 | 2025-09-01 |
| TURNER, Jonathan Charles Deacon | Director | 2013-07-02 | 2019-07-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nethan Holdings Limited | Corporate entity | Shares 25–50% | 2019-07-17 | Ceased 2020-09-03 |
| Mr Jonathan Charles Deacon Turner | Individual | Shares 25–50% | 2016-04-06 | Ceased 2019-07-17 |
| Mrs Susanna Tait | Individual | Shares 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Mrs Fiona Brogan | Individual | Shares 25–50% | 2016-04-06 | Active |
| Mrs Susanna Tait | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 107 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-01 CERTNM Certificate change of name company PDF
- 2024-08-30 RESOLUTIONS Resolution
- 2024-08-29 MA Memorandum articles
- 2024-08-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-03 | AA | accounts | Accounts with accounts type group | |
| 2025-10-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-20 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-06-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-27 | AA | accounts | Accounts with accounts type group | |
| 2024-08-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-29 | MA | incorporation | Memorandum articles | |
| 2024-08-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-01 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-04-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-30 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 3
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.