state oil limited

state oil limited Company Information

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Company Number

04112423

Industry

Wholesale of petroleum and petroleum products

 

Retail sale of automotive fuel in specialised stores

 

Shareholders

prax group limited

Group Structure

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Contact

Registered Address

harvest house, horizon business village, weybridge, surrey, KT13 0TJ

state oil limited Estimated Valuation

£3.3b

Pomanda estimates the enterprise value of STATE OIL LIMITED at £3.3b based on a Turnover of £8.5b and 0.39x industry multiple (adjusted for size and gross margin).

state oil limited Estimated Valuation

£502.7m

Pomanda estimates the enterprise value of STATE OIL LIMITED at £502.7m based on an EBITDA of £105.9m and a 4.75x industry multiple (adjusted for size and gross margin).

state oil limited Estimated Valuation

£1b

Pomanda estimates the enterprise value of STATE OIL LIMITED at £1b based on Net Assets of £427.4m and 2.43x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

State Oil Limited Overview

State Oil Limited is a live company located in weybridge, KT13 0TJ with a Companies House number of 04112423. It operates in the wholesale of petroleum and petroleum products sector, SIC Code 46711. Founded in November 2000, it's largest shareholder is prax group limited with a 100% stake. State Oil Limited is a mature, mega sized company, Pomanda has estimated its turnover at £8.5b with rapid growth in recent years.

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State Oil Limited Health Check

Pomanda's financial health check has awarded State Oil Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

0 Regular

positive_score

8 Weak

size

Size

annual sales of £8.5b, make it larger than the average company (£49.8m)

£8.5b - State Oil Limited

£49.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 55%, show it is growing at a faster rate (10.2%)

55% - State Oil Limited

10.2% - Industry AVG

production

Production

with a gross margin of 2.8%, this company has a higher cost of product (8.8%)

2.8% - State Oil Limited

8.8% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it less profitable than the average company (2.9%)

0.8% - State Oil Limited

2.9% - Industry AVG

employees

Employees

with 1308 employees, this is above the industry average (38)

1308 - State Oil Limited

38 - Industry AVG

paystructure

Pay Structure

on an average salary of £61.6k, the company has a higher pay structure (£31.2k)

£61.6k - State Oil Limited

£31.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £6.5m, this is more efficient (£1.8m)

£6.5m - State Oil Limited

£1.8m - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 22 days, this is later than average (15 days)

22 days - State Oil Limited

15 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 10 days, this is quicker than average (21 days)

10 days - State Oil Limited

21 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 12 days, this is more than average (7 days)

12 days - State Oil Limited

7 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (13 weeks)

4 weeks - State Oil Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 76.3%, this is a higher level of debt than the average (62.7%)

76.3% - State Oil Limited

62.7% - Industry AVG

STATE OIL LIMITED financials

EXPORTms excel logo

State Oil Limited's latest turnover from February 2023 is £8.5 billion and the company has net assets of £427.4 million. According to their latest financial statements, State Oil Limited has 1,308 employees and maintains cash reserves of £101.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover8,477,061,5357,999,750,1422,773,167,4172,267,382,3833,011,832,6412,011,856,9251,747,688,4052,180,375,3671,123,515,754845,833,032633,502,245540,560,419419,681,073261,613,452
Other Income Or Grants00000000000000
Cost Of Sales8,239,212,4207,866,470,4462,678,088,4302,198,757,8782,963,796,1291,981,204,8391,726,035,3782,163,055,9131,109,343,269835,429,837623,713,165531,491,823412,765,964255,477,473
Gross Profit237,849,115133,279,69695,078,98768,624,50548,036,51230,652,08721,653,02717,319,45414,172,48510,403,1959,789,0809,068,5966,915,1096,135,979
Admin Expenses169,912,671145,961,02573,918,45445,339,29337,024,99425,203,07616,159,33312,205,1007,494,1344,429,5003,434,4573,287,2674,129,4743,444,492
Operating Profit67,936,444-12,681,32921,160,53323,285,21211,011,5185,449,0115,493,6945,114,3546,678,3515,973,6956,354,6235,781,3292,785,6352,691,487
Interest Payable64,245,16956,930,54116,811,40215,335,6297,798,3232,939,9981,729,9761,618,5582,251,0191,209,5501,185,7511,169,030838,790429,288
Interest Receivable021,02319,41542,50321,938112,95350,04222,7118,8338,8854,0223,32348,69512,176
Pre-Tax Profit3,691,275-69,590,847445,828,2597,992,0863,175,5862,504,2063,972,7663,518,5084,436,1654,773,0305,172,8944,615,6221,995,5402,274,377
Tax13,105,03811,693,216-5,212,250-1,686,208152,785-685,733-71,366-853,237-1,052,343-1,133,731-1,267,260-1,255,921-592,417-671,037
Profit After Tax16,796,313-57,897,631440,616,0096,305,8773,328,3711,818,4733,901,4012,665,2703,383,8223,639,2993,905,6343,359,7011,403,1231,603,340
Dividends Paid01,664,915612,479327,569258,560414,1631,207,0061,314,799986,7051,750,000500,000250,000150,000250,000
Retained Profit16,796,313-59,562,545440,003,5305,978,3093,069,8111,404,3102,694,3941,350,4712,397,1171,889,2993,405,6343,109,7011,253,1231,353,340
Employee Costs80,593,51576,367,75329,073,33918,287,41012,958,5529,286,2295,549,4814,361,2872,581,9881,557,2571,120,0011,446,6932,202,4841,619,717
Number Of Employees1,3081,2748889243571147646312421879276
EBITDA*105,936,76728,347,21433,305,09230,619,96113,430,2275,759,8326,992,5366,496,6747,048,8126,173,2796,512,4675,944,0893,008,5602,871,735

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets663,287,782626,383,116552,479,922148,729,298133,381,65019,994,3927,962,2718,697,7447,965,8896,315,3824,541,5614,348,2494,356,2774,554,748
Intangible Assets39,471,17340,777,06844,328,83233,795,25137,846,9017,953,2166,029,4526,047,841000000
Investments & Other1,550,0921,718,2821,953,04900112,152201,8180000000
Debtors (Due After 1 year)77,752,89075,580,98159,565,7921,544,7750000000000
Total Fixed Assets625,006,064591,579,202537,242,961180,979,774171,228,55127,947,60814,193,54114,745,5857,965,8906,315,3824,541,5614,348,2494,356,2774,554,748
Stock & work in progress288,958,518286,535,942483,380,10745,778,25070,765,49471,470,80074,466,09430,684,52929,883,12932,748,34217,479,18110,856,07712,780,1359,657,804
Trade Debtors512,399,127702,855,988320,334,481180,249,890198,450,991176,826,885116,518,278150,533,16175,874,75173,350,33451,910,50357,518,43342,315,68435,204,298
Group Debtors4,092,34200000000029,378000
Misc Debtors122,063,55643,307,99710,944,3125,863,2567,797,53914,180,8868,662,36718,160,0141,763,185647,4371,525,0051,898,1521,205,9051,084,665
Cash101,912,347126,636,20930,846,35017,061,40914,908,7209,955,9404,308,16715,579,5365,807,2306,840,9017,077,6555,284,97510,997,9568,049,259
misc current assets144,663,21748,560,68600731,803984,539532,5241,371,1593,472,3584,431,4981,715,877831,3181,357,3790
total current assets1,174,089,1081,207,896,822845,505,251248,952,807292,654,548273,419,050204,487,430216,328,399116,800,652118,018,51279,737,59976,388,95568,657,05953,996,026
total assets1,799,095,1721,799,476,0241,382,748,212429,932,581463,883,099301,366,658218,680,971231,073,985124,766,542124,333,89484,279,16080,737,20473,013,33658,550,774
Bank overdraft11,405,3531,736,829921,8831,298,2851,384,283011122,718121,133425,2452,402,19012,193,807
Bank loan77,495,7546,861,001768,687584,053492,830280,381128,346121,031141,475000125,887115,969
Trade Creditors 244,064,041289,799,46696,755,80376,807,85657,732,50841,641,43232,442,74329,781,1677,639,654887,6792,054,06410,154,84616,901,51212,761,775
Group/Directors Accounts00000142,81200029,378000
other short term finances257,020,295120,468,18102,296,643398,8094,603,06000160,40000000
hp & lease commitments2,850,3274,506,3476,759,3326,599,003000000007,27914,513
other current liabilities723,483,462796,990,374594,675,666168,281,546238,081,170222,698,868164,560,627179,984,87292,990,554105,748,07667,198,46658,657,47645,094,71226,104,436
total current liabilities1,304,913,8841,220,030,727700,696,320255,490,986298,003,604270,608,027197,174,529209,887,071100,932,085106,758,47369,403,04169,237,56764,531,58051,190,500
loans36,801,164219,901,349281,551,494221,528,651204,321,8667,704,878756,532987,8251,301,8381,161,5341,275,1861,575,8131,682,2601,796,256
hp & lease commitments12,843,05012,283,49619,599,32918,138,64800000002,3233,5588,822
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions96,831,89097,011,40066,754,91923,453,02527,596,95875,30200171,76783,88327,93015,862012,381
total long term liabilities66,816,527158,456,375174,153,208122,490,839115,959,4133,890,090756,533987,8251,473,6061,245,4171,303,1161,593,9981,685,8181,817,459
total liabilities1,371,730,4111,378,487,102874,849,528377,981,825413,963,017274,498,117197,931,062210,874,896102,405,691108,003,89070,706,15770,831,56566,217,39853,007,959
net assets427,364,761420,988,922507,898,68451,950,75549,920,08226,868,54120,749,90920,199,08822,360,85116,330,00413,573,0039,905,6396,795,9385,542,815
total shareholders funds427,364,761420,988,922507,898,68551,950,75549,920,08126,868,54120,749,90920,199,08822,360,85116,330,00413,573,0039,905,6396,795,9385,542,815
Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit67,936,444-12,681,32921,160,53323,285,21211,011,5185,449,0115,493,6945,114,3546,678,3515,973,6956,354,6235,781,3292,785,6352,691,487
Depreciation37,095,49640,517,50611,860,3837,125,8982,190,708114,5561,058,3131,157,928370,461199,584157,844162,760222,925180,248
Amortisation904,827511,037284,176208,852228,002196,266440,528224,392000000
Tax13,105,03811,693,216-5,212,250-1,686,208152,785-685,733-71,366-853,237-1,052,343-1,133,731-1,267,260-1,255,921-592,417-671,037
Stock2,422,576-196,844,165437,601,857-24,987,244-705,306-2,995,29443,781,564801,401-2,865,21315,269,1616,623,104-1,924,0583,122,3319,657,804
Debtors-105,437,050430,900,381203,186,663-18,590,60915,240,76065,827,125-43,512,53091,055,2393,640,16520,532,885-5,951,69915,894,9967,232,62636,288,963
Creditors-45,735,425193,043,66419,947,94719,075,34816,091,0769,198,6892,661,57622,141,5146,751,975-1,166,385-8,100,782-6,746,6664,139,73712,761,775
Accruals and Deferred Income-73,506,912202,314,708426,394,120-69,799,62415,382,30258,138,241-15,424,24586,994,318-12,757,52238,549,6108,540,99013,562,76418,990,27626,104,436
Deferred Taxes & Provisions-179,51030,256,48143,301,894-4,143,93327,521,65675,3020-171,76787,88455,95312,06815,862-12,38112,381
Cash flow from operations102,634,432231,599,067-123,051,71717,643,39858,042,5939,654,501-6,110,53422,750,862-696,1466,676,6805,026,078-2,450,81015,178,818-4,867,477
Investing Activities
capital expenditure-73,599,094-111,379,973-426,428,764-18,630,748-145,699,652-14,266,7083,149,1008,889,1955,743,329-1,109,033-92,773371,329-1,381,833-64,516
Change in Investments-168,190-234,7671,953,0490-112,152-89,666201,8180000000
cash flow from investments-73,430,904-111,145,206-428,381,813-18,630,748-145,587,500-14,177,0422,947,2828,889,1955,743,329-1,109,033-92,773371,329-1,381,833-64,516
Financing Activities
Bank loans70,634,7536,092,314184,63491,223212,449152,0357,315-20,444141,47500-125,8879,918115,969
Group/Directors Accounts0000-1-42,81242,81200-29,37829,378000
Other Short Term Loans 136,552,114120,468,181-2,296,6431,897,834-4,204,2514,603,0600-160,400160,40000000
Long term loans-183,100,185-61,650,14560,022,84317,206,785196,616,9886,948,346-231,293-314,013140,304-113,652-300,627-106,447-113,9961,796,256
Hire Purchase and Lease Commitments-1,096,466-9,568,8181,621,01024,737,651000000-2,323-8,514-12,49823,335
other long term liabilities00000000000000
share issue-10,420,474-27,347,21815,944,400-3,947,63619,981,7294,714,322-2,143,573-3,512,2343,633,730867,702261,730004,189,475
interest-64,245,169-56,909,518-16,791,987-15,293,126-7,776,385-2,827,045-1,679,934-1,595,847-2,242,186-1,200,665-1,181,729-1,165,707-790,095-417,112
cash flow from financing-51,675,427-28,915,20458,684,25724,692,731204,830,52913,547,906-4,004,673-5,602,9381,833,723-475,993-1,193,571-1,406,555-906,6715,707,923
cash and cash equivalents
cash-24,723,86295,789,85913,784,9412,152,6894,952,7805,647,773-11,271,3699,772,306-1,033,671-236,7541,792,680-5,712,9812,948,6978,049,259
overdraft-1,405,352-331,476814,946-376,402-85,9981,384,283-10-122,7171,585-304,112-1,976,945-9,791,61712,193,807
change in cash-23,318,51096,121,33512,969,9952,529,0915,038,7784,263,490-11,271,3689,772,306-910,954-238,3392,096,792-3,736,03612,740,314-4,144,548

state oil limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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State Oil Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for state oil limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in KT13 area or any other competitors across 12 key performance metrics.

state oil limited directors

State Oil Limited currently has 4 directors. The longest serving directors include Mr Winston Soosaipillai (Nov 2000) and Mr Winston Soosaipillai (Nov 2000).

officercountryagestartendrole
Mr Winston SoosaipillaiUnited Kingdom51 years Nov 2000- Director
Mr Winston Soosaipillai51 years Nov 2000- Director
Mr Julian VickersUnited Kingdom58 years Dec 2021- Director
Mr Mark WareEngland66 years Dec 2021- Director

P&L

February 2023

turnover

8.5b

+6%

operating profit

67.9m

-636%

gross margin

2.9%

+68.41%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2023

net assets

427.4m

+0.02%

total assets

1.8b

0%

cash

101.9m

-0.2%

net assets

Total assets minus all liabilities

state oil limited company details

company number

04112423

Type

Private limited with Share Capital

industry

46711 - Wholesale of petroleum and petroleum products

47300 - Retail sale of automotive fuel in specialised stores

incorporation date

November 2000

age

24

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

February 2023

previous names

N/A

accountant

-

auditor

KPMG LLP

address

harvest house, horizon business village, weybridge, surrey, KT13 0TJ

Bank

HSBC BANK PLC

Legal Advisor

LINKLATERS LLP

state oil limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 19 charges/mortgages relating to state oil limited. Currently there are 3 open charges and 16 have been satisfied in the past.

charges

state oil limited Companies House Filings - See Documents

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