spring petroleum company ltd
spring petroleum company ltd Company Information
Company Number
04342974
Next Accounts
Sep 2025
Industry
Retail sale of automotive fuel in specialised stores
Shareholders
zain investments ltd
Group Structure
View All
Contact
Registered Address
10 bricket road, st albans, hertfordshire, AL1 3JX
Website
ctpetro.comspring petroleum company ltd Estimated Valuation
Pomanda estimates the enterprise value of SPRING PETROLEUM COMPANY LTD at £1.6m based on a Turnover of £1.3m and 1.21x industry multiple (adjusted for size and gross margin).
spring petroleum company ltd Estimated Valuation
Pomanda estimates the enterprise value of SPRING PETROLEUM COMPANY LTD at £19.5m based on an EBITDA of £1.6m and a 12.54x industry multiple (adjusted for size and gross margin).
spring petroleum company ltd Estimated Valuation
Pomanda estimates the enterprise value of SPRING PETROLEUM COMPANY LTD at £68.4m based on Net Assets of £32.9m and 2.08x industry multiple (adjusted for liquidity).
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Spring Petroleum Company Ltd Overview
Spring Petroleum Company Ltd is a live company located in hertfordshire, AL1 3JX with a Companies House number of 04342974. It operates in the retail sale of automotive fuel in specialised stores sector, SIC Code 47300. Founded in December 2001, it's largest shareholder is zain investments ltd with a 100% stake. Spring Petroleum Company Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.
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Spring Petroleum Company Ltd Health Check
Pomanda's financial health check has awarded Spring Petroleum Company Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
3 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£28.1m)
£1.3m - Spring Petroleum Company Ltd
£28.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (10.1%)
-7% - Spring Petroleum Company Ltd
10.1% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (13.3%)
100% - Spring Petroleum Company Ltd
13.3% - Industry AVG
Profitability
an operating margin of 77.1% make it more profitable than the average company (3.9%)
77.1% - Spring Petroleum Company Ltd
3.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (68)
- Spring Petroleum Company Ltd
68 - Industry AVG
Pay Structure
on an average salary of £19.5k, the company has an equivalent pay structure (£19.5k)
- Spring Petroleum Company Ltd
£19.5k - Industry AVG
Efficiency
resulting in sales per employee of £654.5k, this is more efficient (£402.8k)
- Spring Petroleum Company Ltd
£402.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Spring Petroleum Company Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Spring Petroleum Company Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spring Petroleum Company Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spring Petroleum Company Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.2%, this is a lower level of debt than the average (50.3%)
41.2% - Spring Petroleum Company Ltd
50.3% - Industry AVG
SPRING PETROLEUM COMPANY LTD financials
Spring Petroleum Company Ltd's latest turnover from December 2023 is £1.3 million and the company has net assets of £32.9 million. According to their latest financial statements, we estimate that Spring Petroleum Company Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,309,000 | 1,390,000 | 1,614,000 | 1,625,000 | 1,653,000 | 13,768,000 | 114,517,000 | 117,724,000 | 75,464,992 | 34,222,541 | 35,612,061 | 34,737,318 | 36,946,691 | 32,839,224 | 31,668,175 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 12,868,000 | 106,512,000 | 109,107,000 | 69,681,167 | 31,881,340 | 33,412,294 | 32,465,012 | 34,255,997 | 30,490,177 | 29,057,928 |
| Gross Profit | 1,309,000 | 1,390,000 | 1,614,000 | 1,625,000 | 1,653,000 | 900,000 | 8,005,000 | 8,617,000 | 5,783,825 | 2,341,201 | 2,199,767 | 2,272,306 | 2,690,694 | 2,349,047 | 2,610,247 |
| Admin Expenses | 300,000 | 666,000 | 591,000 | 639,000 | 890,000 | 257,000 | 7,785,000 | 6,463,000 | 3,584,025 | 1,961,295 | 1,762,117 | 1,981,243 | 2,328,877 | 2,087,854 | 2,089,729 |
| Operating Profit | 1,009,000 | 724,000 | 1,023,000 | 986,000 | 763,000 | 643,000 | 220,000 | 2,154,000 | 2,199,800 | 379,906 | 437,650 | 291,063 | 361,817 | 261,193 | 520,518 |
| Interest Payable | 0 | 0 | 511,000 | 674,000 | 491,000 | 196,000 | 0 | 270,000 | 244,941 | 64,674 | 65,475 | 48,730 | 88,470 | 25,086 | 24,759 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,009,000 | 724,000 | 512,000 | 312,000 | 272,000 | 447,000 | 220,000 | 1,730,000 | 8,336,783 | 315,232 | 372,175 | 242,333 | 273,347 | 236,107 | 495,759 |
| Tax | 0 | 0 | 0 | 410,000 | -97,000 | -220,000 | -502,000 | -533,000 | -451,632 | -141,043 | -37,843 | -110,614 | -97,388 | -94,264 | -113,229 |
| Profit After Tax | 1,009,000 | 724,000 | 512,000 | 722,000 | 175,000 | 227,000 | -282,000 | 1,197,000 | 7,885,151 | 174,189 | 334,332 | 131,719 | 175,959 | 141,843 | 382,530 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 | 0 | 60,000 | 0 | 0 | 0 | 0 | 120,000 |
| Retained Profit | 1,009,000 | 724,000 | 512,000 | 722,000 | 175,000 | 227,000 | -282,000 | 1,122,000 | 7,885,151 | 114,189 | 334,332 | 131,719 | 175,959 | 141,843 | 262,530 |
| Employee Costs | 0 | 499,000 | 3,314,000 | 3,437,000 | 2,125,194 | 896,862 | 834,029 | 1,037,144 | 1,476,822 | 1,342,397 | 1,521,337 | ||||
| Number Of Employees | 23 | 269 | 274 | 197 | 117 | 114 | 123 | 196 | 139 | 173,865 | |||||
| EBITDA* | 1,557,000 | 1,390,000 | 1,612,000 | 1,581,000 | 1,589,000 | 1,386,000 | 1,402,000 | 3,066,000 | 2,821,856 | 777,571 | 835,164 | 704,485 | 806,139 | 650,768 | 694,883 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 33,106,000 | 35,402,000 | 41,362,000 | 41,951,000 | 42,546,000 | 22,967,000 | 22,515,000 | 42,986,000 | 36,020,464 | 9,786,232 | 9,996,324 | 10,440,384 | 10,667,389 | 10,526,186 | 10,300,572 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 116,000 | 2,880,282 | 2,705,581 | 2,705,581 | 1,548,881 | 1,548,881 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 618,229 | 729,132 | 708,432 | 732,168 | 2,413,672 | 2,461,413 |
| Total Fixed Assets | 33,106,000 | 35,402,000 | 41,362,000 | 41,951,000 | 42,546,000 | 22,967,000 | 22,515,000 | 43,102,000 | 38,900,746 | 13,110,042 | 13,431,037 | 12,697,697 | 12,948,438 | 12,939,858 | 12,762,485 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 2,380,000 | 2,053,000 | 2,490,194 | 595,582 | 679,045 | 772,909 | 849,648 | 802,781 | 874,879 |
| Trade Debtors | 0 | 0 | 0 | 0 | 29,000 | 52,000 | 971,000 | 954,000 | 524,330 | 248,972 | 293,764 | 257,331 | 331,995 | 147,037 | 154,257 |
| Group Debtors | 22,790,000 | 19,734,000 | 12,951,000 | 11,831,000 | 10,235,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 69,000 | 89,000 | 388,000 | 279,000 | 1,680,920 | 0 | 0 | 0 | 0 | 0 | 513,770 |
| Cash | 0 | 1,000 | 98,000 | 118,000 | 21,000 | 149,000 | 5,770,000 | 4,579,000 | 3,874,396 | 1,293,379 | 1,701,125 | 1,318,370 | 2,056,732 | 1,711,976 | 1,712,793 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 22,790,000 | 19,735,000 | 13,049,000 | 11,949,000 | 10,354,000 | 290,000 | 9,509,000 | 7,865,000 | 8,569,840 | 2,137,933 | 2,673,934 | 2,348,610 | 3,238,375 | 2,661,794 | 3,255,699 |
| total assets | 55,896,000 | 55,137,000 | 54,411,000 | 53,900,000 | 52,900,000 | 23,257,000 | 32,024,000 | 50,967,000 | 47,470,586 | 15,247,975 | 16,104,971 | 15,046,307 | 16,186,813 | 15,601,652 | 16,018,184 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 488,616 | 563,476 | 1,272,540 | 702,684 | 846,447 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 435,000 | 435,000 | 350,000 | 371,930 | 383,492 | 33,492 |
| Trade Creditors | 16,579,000 | 16,579,000 | 0 | 0 | 9,000 | 293,000 | 6,854,000 | 6,097,000 | 5,438,729 | 1,953,527 | 2,044,706 | 1,655,756 | 1,823,792 | 1,618,897 | 1,596,102 |
| Group/Directors Accounts | 0 | 0 | 16,577,000 | 16,578,000 | 15,871,000 | 196,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 22,000 | 207,000 | 1,840,000 | 1,663,000 | 1,719,081 | 374,415 | 391,314 | 365,219 | 388,414 | 384,800 | 526,827 |
| total current liabilities | 16,579,000 | 16,579,000 | 16,577,000 | 16,578,000 | 15,902,000 | 696,000 | 8,694,000 | 7,760,000 | 7,157,810 | 2,762,942 | 3,359,636 | 2,934,451 | 3,856,676 | 3,089,873 | 3,002,868 |
| loans | 0 | 0 | 0 | 0 | 0 | 6,675,000 | 7,719,000 | 7,285,000 | 12,600,000 | 1,488,750 | 1,923,750 | 1,575,000 | 1,925,000 | 2,296,930 | 2,957,422 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,012,598 | 35,400 | 0 | 0 | 0 | 0 | 0 |
| provisions | 6,438,000 | 7,068,000 | 7,567,000 | 6,485,000 | 6,432,000 | 2,332,000 | 2,284,000 | 5,852,000 | 4,528,190 | 1,403,946 | 61,978 | 111,581 | 111,581 | 97,252 | 82,140 |
| total long term liabilities | 6,438,000 | 7,068,000 | 7,567,000 | 6,485,000 | 6,432,000 | 9,007,000 | 10,003,000 | 13,137,000 | 18,140,788 | 2,928,096 | 1,985,728 | 1,686,581 | 2,036,581 | 2,394,182 | 3,039,562 |
| total liabilities | 23,017,000 | 23,647,000 | 24,144,000 | 23,063,000 | 22,334,000 | 9,703,000 | 18,697,000 | 20,897,000 | 25,298,598 | 5,691,038 | 5,345,364 | 4,621,032 | 5,893,257 | 5,484,055 | 6,042,430 |
| net assets | 32,879,000 | 31,490,000 | 30,267,000 | 30,837,000 | 30,566,000 | 13,554,000 | 13,327,000 | 30,070,000 | 22,171,988 | 9,556,937 | 10,759,607 | 10,425,275 | 10,293,556 | 10,117,597 | 9,975,754 |
| total shareholders funds | 32,879,000 | 31,490,000 | 30,267,000 | 30,837,000 | 30,566,000 | 13,554,000 | 13,327,000 | 30,070,000 | 22,171,988 | 9,556,937 | 10,759,607 | 10,425,275 | 10,293,556 | 10,117,597 | 9,975,754 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,009,000 | 724,000 | 1,023,000 | 986,000 | 763,000 | 643,000 | 220,000 | 2,154,000 | 2,199,800 | 379,906 | 437,650 | 291,063 | 361,817 | 261,193 | 520,518 |
| Depreciation | 548,000 | 666,000 | 589,000 | 595,000 | 826,000 | 743,000 | 1,182,000 | 912,000 | 622,056 | 397,665 | 397,514 | 413,422 | 444,322 | 389,075 | 173,865 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500 | 500 |
| Tax | 0 | 0 | 0 | 410,000 | -97,000 | -220,000 | -502,000 | -533,000 | -451,632 | -141,043 | -37,843 | -110,614 | -97,388 | -94,264 | -113,229 |
| Stock | 0 | 0 | 0 | 0 | 0 | -2,053,000 | 327,000 | -437,194 | 1,894,612 | -83,463 | -93,864 | -76,739 | 46,867 | -72,098 | 874,879 |
| Debtors | 3,056,000 | 6,783,000 | 1,120,000 | 1,498,000 | 10,192,000 | -1,092,000 | 126,000 | -972,250 | 1,338,049 | -155,695 | 57,133 | -98,400 | -1,496,546 | -568,731 | 3,129,440 |
| Creditors | 0 | 16,579,000 | 0 | -9,000 | -284,000 | -5,804,000 | 757,000 | 658,271 | 3,485,202 | -91,179 | 388,950 | -168,036 | 204,895 | 22,795 | 1,596,102 |
| Accruals and Deferred Income | 0 | 0 | 0 | -22,000 | -185,000 | -1,456,000 | 177,000 | -56,081 | 1,344,666 | -16,899 | 26,095 | -23,195 | 3,614 | -142,027 | 526,827 |
| Deferred Taxes & Provisions | -630,000 | -499,000 | 1,082,000 | 53,000 | 4,100,000 | -3,520,000 | -3,568,000 | 1,323,810 | 3,124,244 | 1,341,968 | -49,603 | 0 | 14,329 | 15,112 | 82,140 |
| Cash flow from operations | -2,129,000 | 10,687,000 | 1,574,000 | 515,000 | -5,069,000 | -6,469,000 | -2,187,000 | 5,868,444 | 7,091,675 | 2,109,576 | 1,199,494 | 577,779 | 2,381,268 | 1,093,213 | -1,217,596 |
| Investing Activities | |||||||||||||||
| capital expenditure | -8,224,941 | -187,573 | -1,110,154 | -186,417 | -2,134,406 | -614,689 | -411,073 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -116,000 | -116,000 | -2,764,282 | 174,701 | 0 | 1,156,700 | 0 | 1,548,881 | 0 | 0 |
| cash flow from investments | -8,399,642 | -187,573 | -2,266,854 | -186,417 | -3,683,287 | -614,689 | -411,073 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -435,000 | 0 | 85,000 | -21,930 | -11,562 | 350,000 | 33,492 |
| Group/Directors Accounts | 0 | -16,577,000 | -1,000 | 707,000 | 15,675,000 | 196,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -6,675,000 | -610,000 | 434,000 | -5,315,000 | 11,111,250 | -435,000 | 348,750 | -350,000 | -371,930 | -660,492 | 2,957,422 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,012,598 | 977,198 | 35,400 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | -511,000 | -674,000 | -491,000 | -196,000 | 0 | -270,000 | -244,941 | -64,674 | -65,475 | -48,730 | -88,470 | -25,086 | -24,759 |
| cash flow from financing | 380,000 | -16,078,000 | -1,594,000 | -418,000 | 25,346,000 | -17,353,000 | -16,027,000 | 178,414 | 16,138,407 | -1,781,133 | 368,275 | -420,660 | -471,962 | -335,578 | 12,679,379 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,000 | -97,000 | -20,000 | 97,000 | -128,000 | -4,430,000 | 1,191,000 | 704,604 | 2,581,017 | -407,746 | 382,755 | -738,362 | 344,756 | -817 | 1,712,793 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -488,616 | -74,860 | -709,064 | 569,856 | -143,763 | 846,447 |
| change in cash | -1,000 | -97,000 | -20,000 | 97,000 | -128,000 | -4,430,000 | 1,191,000 | 704,604 | 2,581,017 | 80,870 | 457,615 | -29,298 | -225,100 | 142,946 | 866,346 |
spring petroleum company ltd Credit Report and Business Information
Spring Petroleum Company Ltd Competitor Analysis
Perform a competitor analysis for spring petroleum company ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in AL1 area or any other competitors across 12 key performance metrics.
spring petroleum company ltd Ownership
SPRING PETROLEUM COMPANY LTD group structure
Spring Petroleum Company Ltd has no subsidiary companies.
Ultimate parent company
ZAIN INVESTMENTS LTD (DISS)
#0072580
1 parent
SPRING PETROLEUM COMPANY LTD
04342974
spring petroleum company ltd directors
Spring Petroleum Company Ltd currently has 4 directors. The longest serving directors include Mr Simon Lane (Nov 2018) and Mr William Bannister (Nov 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Lane | United Kingdom | 61 years | Nov 2018 | - | Director |
| Mr William Bannister | United Kingdom | 57 years | Nov 2018 | - | Director |
| Mr Jeremy Clarke | England | 61 years | Nov 2018 | - | Director |
| Mr Thomas Biggart | United Kingdom | 58 years | Mar 2019 | - | Director |
P&L
December 2023turnover
1.3m
-6%
operating profit
1m
+39%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
32.9m
+0.04%
total assets
55.9m
+0.01%
cash
0
-1%
net assets
Total assets minus all liabilities
Similar Companies
spring petroleum company ltd company details
company number
04342974
Type
Private limited with Share Capital
industry
47300 - Retail sale of automotive fuel in specialised stores
incorporation date
December 2001
age
24
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
MOTOR FUEL GROUP
auditor
-
address
10 bricket road, st albans, hertfordshire, AL1 3JX
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
spring petroleum company ltd 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 24 charges/mortgages relating to spring petroleum company ltd. Currently there are 0 open charges and 24 have been satisfied in the past.
spring petroleum company ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for SPRING PETROLEUM COMPANY LTD. This can take several minutes, an email will notify you when this has completed.
spring petroleum company ltd Companies House Filings - See Documents
| date | description | view/download |
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