SPEED PETROLEUM (UK) LIMITED
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Cash
£3.3M
+20% highest in 4 filed years
Net assets
£8M
+21.5% highest in 4 filed years
Employees
46
-4.2% vs 2024
Profit before tax
£2M
+90.3% vs 2024
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-05-31
| Metric | Trend | 2020-05-31 | 2021-05-31 | 2024-05-31 | 2025-05-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £32,461,934 | £31,900,549 | -1.7% | |
| Operating profit | — | — | £1,851,204 | £2,006,645 | +8.4% | |
| Profit before tax | — | — | £1,052,913 | £2,004,127 | +90.3% | |
| Net profit | — | — | £582,616 | £1,494,808 | +156.6% | |
| Cash | £1,941,080 | £2,900,011 | £2,740,930 | £3,290,229 | +20% | |
| Total assets less current liabilities | £3,952,083 | £4,625,516 | £8,186,459 | £9,659,124 | +18% | |
| Net assets | £2,767,465 | £3,396,087 | £6,585,713 | £8,002,090 | +21.5% | |
| Equity | £2,767,465 | £3,396,087 | £6,585,713 | £8,002,090 | +21.5% | |
| Average employees | 46 | 48 | 48 | 46 | -4.2% | |
| Wages | — | — | £787,617 | £876,693 | +11.3% | |
| Directors' remuneration | — | — | £21,414 | £21,414 | 0% |
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 | 2020-05-31 | 2021-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 5.7% | 6.3% | |
| Net margin | — | — | 1.8% | 4.7% | |
| Return on capital employed | — | — | 22.6% | 20.8% | |
| Current ratio | — | — | 4.19x | 3.90x |
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
- SPEED PETROLEUM (UK) LIMITED 2007-05-22 → present
- SPEED PETROLEUM LIMITED 2007-05-03 → 2007-05-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- SKM Chartered Accountants, Statutory Auditors
- 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.”
Significant events
- “During the year, as part of its growth strategy, the company also acquired additional investment properties to generate rental income and diversify its operations beyond its core fuel and retain business. In line with its strategic growth objectives, the company continues to seek additional petrol station sites to expand its operations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DARWAN, Zohra | Secretary | 2007-05-04 | — | Zimbabwean |
| DARWAN, Ibrahim Ahmed | Director | 2007-05-04 | Nov 1955 | British |
| DARWAN, Safwan | Director | 2008-11-03 | Apr 1986 | Zimbabwean |
| DARWAN, Zohra | Director | 2008-10-03 | May 1963 | Zimbabwean |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NEWCO SECRETARY LIMITED | Corporate Secretary | 2007-05-03 | 2007-05-04 |
| NEWCO DIRECTOR LIMITED | Corporate Director | 2007-05-03 | 2007-05-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Safwan Darwan | Individual | Shares 25–50% (as firm), Voting 25–50% (as firm) | 2016-04-06 | Ceased 2021-09-06 |
| Ms Zohra Darwan | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Ibrahim Ahmed Darwan | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 57 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-03 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-02-26 | AA | accounts | Accounts with accounts type full | |
| 2025-05-30 | AA | accounts | Accounts with accounts type full | |
| 2025-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-06 | AA | accounts | Accounts with accounts type full | |
| 2023-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-24 | AA | accounts | Accounts with accounts type full | |
| 2022-04-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-03-25 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-03-25 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-03-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-02-14 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-19 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-05 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-05-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2019-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-02-26 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.