PETROASSIST UK LIMITED

• ⚠

  Material uncertainty over going concern

  As at 31 December 2025 the entity was in a net liabilities position and is dependent on the continued financial support from the ultimate parent company, either in the form of additional cash injections or by not demanding repayment of loan amounts due. The directors have received a letter of support from the ultimate parent company.

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

• Turnover

  -14.9%

  £22,304,000 → £18,987,000

• Cash

  +191.1%

  £1,274,000 → £3,708,000

• Net assets

  +0.9%

  £10,838,000 → £10,936,000

• Employees

  -3.3%

  121 → 117

• Operating profit

  -59.2%

  £2,622,000 → £1,071,000

• Profit before tax

  -52.9%

  £2,725,000 → £1,284,000

• Wages

  -5%

  £5,240,000 → £4,978,000

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

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.

1. PETROASSIST UK LIMITED 2017-02-17 → present
2. WAYNE FUELING SYSTEMS UK LTD 2014-03-03 → 2017-02-17

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BK Plus Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As at 31 December 2025 the entity was in a net liabilities position and is dependent on the continued financial support from the ultimate parent company, either in the form of additional cash injections or by not demanding repayment of loan amounts due. The directors have received a letter of support from the ultimate parent company.”

Significant events

• “2025 revenues reduced from 2024 due to the sale and rollout of payment terminals for some of the key Hypermarkets in the country in 2024.”
• “The company maintains short-term committed facilities to ensure that it has sufficient funds for day to day operations. It has no long-term debt.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.