rix petroleum (midlands) limited
rix petroleum (midlands) limited Company Information
Company Number
06560383
Next Accounts
Sep 2025
Shareholders
j r rix & sons ltd
Group Structure
View All
Industry
Wholesale of fuels and related products (other than petroleum and petroleum products)
+1Registered Address
2 humber quays, wellington street west, hull, HU1 2BN
Website
www.rix.co.ukrix petroleum (midlands) limited Estimated Valuation
Pomanda estimates the enterprise value of RIX PETROLEUM (MIDLANDS) LIMITED at £10.4m based on a Turnover of £19.2m and 0.54x industry multiple (adjusted for size and gross margin).
rix petroleum (midlands) limited Estimated Valuation
Pomanda estimates the enterprise value of RIX PETROLEUM (MIDLANDS) LIMITED at £0 based on an EBITDA of £-664.1k and a 5.04x industry multiple (adjusted for size and gross margin).
rix petroleum (midlands) limited Estimated Valuation
Pomanda estimates the enterprise value of RIX PETROLEUM (MIDLANDS) LIMITED at £1.3m based on Net Assets of £733.7k and 1.72x industry multiple (adjusted for liquidity).
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Rix Petroleum (midlands) Limited Overview
Rix Petroleum (midlands) Limited is a live company located in hull, HU1 2BN with a Companies House number of 06560383. It operates in the wholesale of petroleum and petroleum products sector, SIC Code 46711. Founded in April 2008, it's largest shareholder is j r rix & sons ltd with a 100% stake. Rix Petroleum (midlands) Limited is a established, mid sized company, Pomanda has estimated its turnover at £19.2m with declining growth in recent years.
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Rix Petroleum (midlands) Limited Health Check
Pomanda's financial health check has awarded Rix Petroleum (Midlands) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
7 Weak
Size
annual sales of £19.2m, make it smaller than the average company (£89.6m)
- Rix Petroleum (midlands) Limited
£89.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (15.6%)
- Rix Petroleum (midlands) Limited
15.6% - Industry AVG
Production
with a gross margin of 6%, this company has a comparable cost of product (6%)
- Rix Petroleum (midlands) Limited
6% - Industry AVG
Profitability
an operating margin of -4% make it less profitable than the average company (1.9%)
- Rix Petroleum (midlands) Limited
1.9% - Industry AVG
Employees
with 16 employees, this is below the industry average (26)
16 - Rix Petroleum (midlands) Limited
26 - Industry AVG
Pay Structure
on an average salary of £56.4k, the company has an equivalent pay structure (£56.4k)
- Rix Petroleum (midlands) Limited
£56.4k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is less efficient (£2.6m)
- Rix Petroleum (midlands) Limited
£2.6m - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is later than average (25 days)
- Rix Petroleum (midlands) Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (22 days)
- Rix Petroleum (midlands) Limited
22 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (5 days)
- Rix Petroleum (midlands) Limited
5 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Rix Petroleum (midlands) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.2%, this is a similar level of debt than the average (70.7%)
69.2% - Rix Petroleum (midlands) Limited
70.7% - Industry AVG
RIX PETROLEUM (MIDLANDS) LIMITED financials
Rix Petroleum (Midlands) Limited's latest turnover from December 2023 is estimated at £19.2 million and the company has net assets of £733.7 thousand. According to their latest financial statements, Rix Petroleum (Midlands) Limited has 16 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 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 27,654,335 | 35,195,987 | 35,622,903 | 31,128,913 | 26,637,488 | 27,851,711 | 40,154,001 | 45,996,340 | 44,052,774 | 39,669,707 | 28,369,998 | 12,247,217 | |||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 25,111,701 | 33,353,919 | 34,120,831 | 29,731,570 | 25,460,337 | 26,686,038 | 38,936,166 | 44,632,647 | 42,888,996 | 38,685,371 | 27,545,862 | 11,964,455 | |||
| Gross Profit | 2,542,634 | 1,842,068 | 1,502,072 | 1,397,343 | 1,177,151 | 1,165,673 | 1,217,835 | 1,363,693 | 1,163,778 | 984,336 | 824,136 | 282,762 | |||
| Admin Expenses | 1,504,531 | 1,549,989 | 1,335,339 | 1,332,693 | 1,045,738 | 995,505 | 1,025,967 | 997,161 | 978,352 | 830,064 | 686,666 | 415,296 | |||
| Operating Profit | 1,038,103 | 292,079 | 166,733 | 64,650 | 131,413 | 170,168 | 191,868 | 366,532 | 185,426 | 154,272 | 137,470 | -132,534 | |||
| Interest Payable | 3,049 | 4,577 | 2,603 | 7,601 | 5,442 | 1,019 | 2,163 | ||||||||
| Interest Receivable | 3,402 | 9,984 | 13,973 | 27,965 | 23,618 | ||||||||||
| Pre-Tax Profit | 743,655 | 302,063 | 163,684 | 60,073 | 128,810 | 177,769 | 197,310 | 367,551 | 183,263 | 168,245 | 165,435 | -108,916 | |||
| Tax | -216,261 | -70,920 | -32,000 | -12,243 | -24,925 | -36,414 | -41,711 | -85,990 | -45,862 | -43,289 | -49,452 | 30,000 | |||
| Profit After Tax | 527,394 | 231,143 | 131,684 | 47,830 | 103,885 | 141,355 | 155,599 | 281,561 | 137,401 | 124,956 | 115,983 | -78,916 | |||
| Dividends Paid | 150,000 | 200,000 | 50,000 | 100,000 | 150,000 | 250,000 | 140,000 | 150,000 | |||||||
| Retained Profit | 377,394 | 31,143 | 81,684 | -52,170 | 103,885 | -8,645 | -94,401 | 141,561 | -12,599 | 124,956 | 115,983 | -78,916 | |||
| Employee Costs | |||||||||||||||
| Number Of Employees | 16 | 18 | 18 | 19 | 18 | 14 | 16 | 12 | 13 | ||||||
| EBITDA* | 1,432,553 | 356,479 | 166,733 | 64,650 | 131,413 | 170,168 | 191,868 | 366,532 | 185,426 | 154,272 | 137,470 | -132,534 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | 193,200 | 289,800 | 386,400 | 483,000 | 877,450 | ||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 193,200 | 289,800 | 386,400 | 483,000 | 877,450 | ||||||||||
| Stock & work in progress | 34,586 | 63,585 | 37,465 | 25,689 | 27,355 | 19,535 | 14,497 | 13,292 | 8,696 | 17,613 | 17,505 | 47,138 | 8,970 | 5,818 | 63,572 |
| Trade Debtors | 2,152,221 | 2,679,244 | 2,241,528 | 1,597,094 | 1,607,169 | 1,745,612 | 2,135,495 | 1,722,560 | 1,335,084 | 1,849,811 | 2,200,960 | 2,220,753 | 2,481,619 | 2,042,416 | 803,916 |
| Group Debtors | 88 | ||||||||||||||
| Misc Debtors | 384 | 30,000 | |||||||||||||
| Cash | |||||||||||||||
| misc current assets | |||||||||||||||
| total current assets | 2,186,807 | 2,742,829 | 2,278,993 | 1,622,783 | 1,634,524 | 1,765,147 | 2,150,464 | 1,735,852 | 1,343,780 | 1,867,424 | 2,218,465 | 2,267,891 | 2,490,589 | 2,048,234 | 897,488 |
| total assets | 2,380,007 | 3,032,629 | 2,665,393 | 2,105,783 | 2,511,974 | 1,765,147 | 2,150,464 | 1,735,852 | 1,343,780 | 1,867,424 | 2,218,465 | 2,267,891 | 2,490,589 | 2,048,234 | 897,488 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 48,598 | 67,317 | 73,956 | 80,902 | 69,167 | 161,225 | 75,175 | 80,420 | |||||||
| Group/Directors Accounts | 1,355,704 | 1,098,183 | 1,732,536 | 1,256,209 | 2,198,328 | 1,419,925 | 1,997,207 | 1,512,472 | 1,113,586 | 1,622,140 | 1,834,764 | 2,060,608 | 2,283,565 | 1,962,166 | 974,403 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 242,000 | 372,687 | 175,220 | 218,796 | 71,997 | 42,658 | 18,427 | 31,135 | 42,254 | 48,699 | 92,715 | 57,858 | 45,000 | 49,000 | 2,000 |
| total current liabilities | 1,646,302 | 1,538,187 | 1,981,712 | 1,555,907 | 2,339,492 | 1,623,808 | 2,090,809 | 1,624,027 | 1,155,840 | 1,670,839 | 1,927,479 | 2,118,466 | 2,328,565 | 2,011,166 | 976,403 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 1,646,302 | 1,538,187 | 1,981,712 | 1,555,907 | 2,339,492 | 1,623,808 | 2,090,809 | 1,624,027 | 1,155,840 | 1,670,839 | 1,927,479 | 2,118,466 | 2,328,565 | 2,011,166 | 976,403 |
| net assets | 733,705 | 1,494,442 | 683,681 | 549,876 | 172,482 | 141,339 | 59,655 | 111,825 | 187,940 | 196,585 | 290,986 | 149,425 | 162,024 | 37,068 | -78,915 |
| total shareholders funds | 733,705 | 1,494,442 | 683,681 | 549,876 | 172,482 | 141,339 | 59,655 | 111,825 | 187,940 | 196,585 | 290,986 | 149,425 | 162,024 | 37,068 | -78,915 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,038,103 | 292,079 | 166,733 | 64,650 | 131,413 | 170,168 | 191,868 | 366,532 | 185,426 | 154,272 | 137,470 | -132,534 | |||
| Depreciation | |||||||||||||||
| Amortisation | 96,600 | 96,600 | 96,600 | 394,450 | 64,400 | ||||||||||
| Tax | -216,261 | -70,920 | -32,000 | -12,243 | -24,925 | -36,414 | -41,711 | -85,990 | -45,862 | -43,289 | -49,452 | 30,000 | |||
| Stock | -28,999 | 26,120 | 11,776 | -1,666 | 7,820 | 5,038 | 1,205 | 4,596 | -8,917 | 108 | -29,633 | 38,168 | 3,152 | -57,754 | 63,572 |
| Debtors | -527,023 | 437,716 | 644,434 | -10,075 | -138,443 | -390,355 | 413,407 | 387,476 | -514,727 | -351,149 | -19,793 | -260,866 | 439,203 | 1,208,500 | 833,916 |
| Creditors | -18,719 | -6,639 | -6,946 | 11,735 | -92,058 | 86,050 | -5,245 | 80,420 | |||||||
| Accruals and Deferred Income | -130,687 | 197,467 | -43,576 | 146,799 | 29,339 | 24,231 | -12,708 | -11,119 | -6,445 | -44,016 | 34,857 | 12,858 | -4,000 | 47,000 | 2,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 1,386,567 | 353,463 | 630,331 | -380,158 | -216,283 | 650,953 | 457,182 | 364,825 | 375,120 | -335,372 | -1,015,728 | -998,022 | |||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 257,521 | -634,353 | 476,327 | -942,119 | 778,403 | -577,282 | 484,735 | 398,886 | -508,554 | -212,624 | -225,844 | -222,957 | 321,399 | 987,763 | 974,403 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 3,402 | 9,984 | -3,049 | -4,577 | -2,603 | -7,601 | -5,442 | -1,019 | -2,163 | 27,965 | 23,618 | ||||
| cash flow from financing | -938,717 | 788,387 | -580,331 | 480,158 | 216,283 | -516,155 | -218,066 | -226,863 | -225,120 | 1,015,728 | 998,022 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | |||||||||||||||
| overdraft | |||||||||||||||
| change in cash |
rix petroleum (midlands) limited Credit Report and Business Information
Rix Petroleum (midlands) Limited Competitor Analysis
Perform a competitor analysis for rix petroleum (midlands) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in HU1 area or any other competitors across 12 key performance metrics.
rix petroleum (midlands) limited Ownership
RIX PETROLEUM (MIDLANDS) LIMITED group structure
Rix Petroleum (Midlands) Limited has no subsidiary companies.
Ultimate parent company
1 parent
RIX PETROLEUM (MIDLANDS) LIMITED
06560383
rix petroleum (midlands) limited directors
Rix Petroleum (Midlands) Limited currently has 11 directors. The longest serving directors include Ms Sally Rix (Apr 2008) and Mr Timothy Rix (Apr 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Sally Rix | England | 60 years | Apr 2008 | - | Director |
| Mr Timothy Rix | 62 years | Apr 2008 | - | Director | |
| Mr Timothy Rix | England | 62 years | Apr 2008 | - | Director |
| Mr Rory Clarke | England | 65 years | Apr 2008 | - | Director |
| Mr Paul Doherty | England | 56 years | May 2012 | - | Director |
| Mr James Doyle | England | 50 years | Sep 2017 | - | Director |
| Mr Duncan Lambert | England | 63 years | Sep 2017 | - | Director |
| Mr Robert Wilde | England | 43 years | Nov 2020 | - | Director |
| Mr Robert Wilde | England | 43 years | Nov 2020 | - | Director |
| Mr Harry Rix | England | 31 years | Jul 2021 | - | Director |
P&L
December 2023turnover
19.2m
-13%
operating profit
-760.7k
0%
gross margin
6.1%
-5.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
733.7k
-0.51%
total assets
2.4m
-0.22%
cash
0
0%
net assets
Total assets minus all liabilities
rix petroleum (midlands) limited company details
company number
06560383
Type
Private limited with Share Capital
industry
46719 - Wholesale of fuels and related products (other than petroleum and petroleum products)
46711 - Wholesale of petroleum and petroleum products
incorporation date
April 2008
age
17
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
rix logistics limited (January 2009)
accountant
SMAILES GOLDIE
auditor
-
address
2 humber quays, wellington street west, hull, HU1 2BN
Bank
-
Legal Advisor
-
rix petroleum (midlands) 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 7 charges/mortgages relating to rix petroleum (midlands) limited. Currently there are 7 open charges and 0 have been satisfied in the past.
rix petroleum (midlands) limited 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 RIX PETROLEUM (MIDLANDS) LIMITED. This can take several minutes, an email will notify you when this has completed.
rix petroleum (midlands) limited Companies House Filings - See Documents
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