PETREDEC (EUROPE) LIMITED
Operating as the European commodity trading arm of the Singapore-headquartered Petredec group, the company facilitates the supply, shipping, and distribution of liquefied petroleum gas.
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Cash
£39m
USD 52,210,000
+556.6% highest in 3 filed years
Net assets
£11m
USD 14,980,000
+1,087.9% highest in 3 filed years
Employees
11
-8.3% vs 2024
Profit before tax
£13m
USD 17,897,000
-52.8% vs 2024
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £942,793,014 | £203,658,120 | £76,852,471 | -62.3% | |
| Operating profit | £14,054,255 | £28,876,997 | £14,075,065 | -51.3% | |
| Profit before tax | £11,770,346 | £28,196,210 | £13,301,375 | -52.8% | |
| Net profit | £10,138,239 | £20,724,638 | £10,196,210 | -50.8% | |
| Cash | £7,201,784 | £5,910,071 | £38,803,419 | +556.6% | |
| Total assets less current liabilities | -£1,477,518 | £1,627,648 | £11,364,548 | +598.2% | |
| Net assets | -£5,504,274 | £937,198 | £11,133,408 | +1,087.9% | |
| Equity | -£5,504,274 | £937,198 | £11,133,408 | +1,087.9% | |
| Average employees | 9 | 12 | 11 | -8.3% | |
| Wages | £3,247,863 | £13,485,693 | £11,104,422 | -17.7% | |
| Directors' remuneration | — | £6,300,260 | £6,682,274 | +6.1% |
Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 1.5% | 14.2% | 18.3% | |
| Net margin | 1.1% | 10.2% | 13.3% | |
| Return on capital employed | — | 1774.2% | 123.9% | |
| Gearing (liabilities / total assets) | 110.3% | 96.9% | 77.3% | |
| Current ratio | 0.70x | 0.77x | 1.10x | |
| Interest cover | 3.63x | 19.02x | 7.63x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte (NI) Limited
- 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.”
Group structure
- PETREDEC (EUROPE) LIMITED · parent
- Petredec Trading (US) Inc. 100%
Significant events
- “On 1 January 2026, Petredec (Europe) Limited terminated the service support agreement with Petredec Trading (US) Inc., for the provision of support services on LPG tonnage lifted from the US.”
- “On 25 February 2026, Petredec (Europe) Limited entered into an agreement to sell a 100% ownership interest in Petredec Trading (US) Inc. to its immediate parent company, Petredec International Pte. Ltd., in the context of a group re-organisation. The consideration for the sale amounted to USD 1,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRON, Graeme Mackintosh | Secretary | 2017-08-14 | — | — |
| HODGES, Joshua Kumbirai | Director | 2025-05-08 | Feb 1988 | British |
| LAGIER, Jean Marie | Director | 2024-03-31 | Jul 1981 | Swiss |
| TOWEY, Maurice Andrew Michael | Director | 2017-08-14 | Oct 1975 | Irish |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURLEIGH, John Campbell | Secretary | 2015-05-22 | 2017-08-14 |
| ABBOTT, Michael James | Director | 2015-05-22 | 2020-11-18 |
| BULLEN, James Robert | Director | 2022-12-07 | 2025-04-15 |
| BURLEIGH, John Campbell | Director | 2015-05-22 | 2017-08-31 |
| FANCHER, Jonathan Michael | Director | 2018-09-10 | 2024-03-31 |
| FEARN, Giles Duncan, Mr. | Director | 2017-05-02 | 2021-11-15 |
| HONEYBALL, Robert Ian | Director | 2020-12-10 | 2021-12-20 |
| MONCKTON, Anthony Frederick | Director | 2018-09-14 | 2024-03-31 |
| MONCKTON, Anthony Frederick | Director | 2015-05-22 | 2018-09-10 |
| PAPAIOANNOU, Ioannis Vagos | Director | 2024-03-31 | 2026-04-29 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 111 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | AA | accounts | Accounts with accounts type group | |
| 2026-06-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-10 | AA | accounts | Accounts with accounts type group | |
| 2024-06-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.