RENEWABLE TRANSPORT FUEL SERVICES LIMITED
Operating as a subsidiary of the Euronext Growth Oslo-listed ReFuels group, the company sources and supplies renewable biomethane to the CNG Fuels network for heavy goods vehicles.
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Cash
£3.6M
+33.3% vs 2024
Net assets
£15M
+92.6% vs 2024
Employees
11
+22.2% vs 2024
Profit before tax
£7.9M
+478.1% vs 2024
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £75,157,550 | £114,921,852 | +52.9% | |
| Operating profit | -£3,285,965 | £7,716,764 | +334.8% | |
| Profit before tax | -£2,096,057 | £7,925,378 | +478.1% | |
| Net profit | -£1,783,471 | £6,952,418 | +489.8% | |
| Cash | £2,689,330 | £3,583,645 | +33.3% | |
| Total assets less current liabilities | £7,590,973 | £14,617,529 | +92.6% | |
| Net assets | £7,590,973 | £14,617,529 | +92.6% | |
| Equity | £7,590,973 | £14,617,529 | +92.6% | |
| Average employees | 9 | 11 | +22.2% | |
| Wages | £876,727 | £1,049,142 | +19.7% | |
| Directors' remuneration | £135,487 | £120,000 | -11.4% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -4.4% | 6.7% | |
| Net margin | -2.4% | 6.0% | |
| Return on capital employed | -43.3% | 52.8% | |
| Gearing (liabilities / total assets) | 64.1% | 39.7% | |
| Current ratio | 1.67x | 2.56x | |
| Interest cover | -44.83x | — |
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
- Price Bailey LLP Chartered Accountants and Statutory Auditor
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have at the time of approving the financial statements, 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
- RENEWABLE TRANSPORT FUEL SERVICES LIMITED · parent
- Renewable Energy Fuels B.V. 100%
- Renewable Energy Fuels S.L. 100%
- Refuels Shipping Limited 100%
Significant events
- “The Group incorporated a new subsidiary undertaking in the Netherlands, Refuels Holding B.V., with an issued share capital of €1, which is 100% owned by RTFS.”
- “On 7 August 2025, the RTFS Group acquired 100% of the issued share capital of Bio Energie Holwerd B.V. for initial consideration of €1, and contingent consideration up to a maximum of €1,000,000 which will only become payable upon certain conditions. The acquired company holds a biomethane production facility in the Netherlands.”
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 |
|---|---|---|---|---|
| FJELD, Philip Eystein | Director | 2017-04-13 | Feb 1975 | Norwegian |
| GOWRIE-SMITH, Baden Jerome | Director | 2017-04-13 | Jul 1982 | Australian |
| NILLESEN, Jasper | Director | 2017-12-08 | Jun 1976 | Dutch |
| TANNER, Christopher James | Director | 2025-05-29 | Nov 1972 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KINGSBURY, Shaun Patrick | Director | 2020-07-13 | 2023-04-30 |
| SMELT, Frederik | Director | 2018-02-19 | 2018-08-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cng Fuels Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-07-13 | Active |
| Jasper Nillesen | Individual | Shares 25–50%, Voting 25–50% | 2018-02-27 | Ceased 2020-09-04 |
| Cng Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-02-19 | Ceased 2018-02-19 |
| Cng Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-04-13 | Active |
Filing timeline
Last 20 of 70 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-16 MA Memorandum articles
- 2023-11-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-18 | CH01 | officers | Change person director company with change date | |
| 2025-09-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-04 | AA | accounts | Accounts with accounts type group | |
| 2025-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-20 | AA | accounts | Accounts with accounts type group | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-23 | CH01 | officers | Change person director company with change date | |
| 2024-09-23 | SH01 | capital | Capital allotment shares | |
| 2023-11-16 | MA | incorporation | Memorandum articles | |
| 2023-11-16 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-18 | CH01 | officers | Change person director company with change date | |
| 2023-09-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-08-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-08-31 | CH01 | officers | Change person director company with change date | |
| 2023-07-27 | AA | accounts | Accounts with accounts type group | |
| 2023-05-03 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- 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.