essar oil (uk) limited

4

essar oil (uk) limited Company Information

Share ESSAR OIL (UK) LIMITED
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EstablishedMegaHealthy

Company Number

07071400

Registered Address

the administration building, 5th floor, ellesmere port, cheshire, CH65 4HB

Industry

Mineral oil refining

 

Telephone

01513504000

Next Accounts Due

December 2025

Group Structure

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Directors

Prashant Ruia7 Years

Timothy Bullock3 Years

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Shareholders

essar oil cyprus ltd 100%

essar oil (uk) limited Estimated Valuation

£3.5b

Pomanda estimates the enterprise value of ESSAR OIL (UK) LIMITED at £3.5b based on a Turnover of £7.4b and 0.46x industry multiple (adjusted for size and gross margin).

essar oil (uk) limited Estimated Valuation

£583.1m

Pomanda estimates the enterprise value of ESSAR OIL (UK) LIMITED at £583.1m based on an EBITDA of £192.1m and a 3.03x industry multiple (adjusted for size and gross margin).

essar oil (uk) limited Estimated Valuation

£399.7m

Pomanda estimates the enterprise value of ESSAR OIL (UK) LIMITED at £399.7m based on Net Assets of £217.7m and 1.84x industry multiple (adjusted for liquidity).

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Essar Oil (uk) Limited Overview

Essar Oil (uk) Limited is a live company located in ellesmere port, CH65 4HB with a Companies House number of 07071400. It operates in the mineral oil refining sector, SIC Code 19201. Founded in November 2009, it's largest shareholder is essar oil cyprus ltd with a 100% stake. Essar Oil (uk) Limited is a established, mega sized company, Pomanda has estimated its turnover at £7.4b with healthy growth in recent years.

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Essar Oil (uk) Limited Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £7.4b, make it larger than the average company (£200.5m)

£7.4b - Essar Oil (uk) Limited

£200.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (12.3%)

8% - Essar Oil (uk) Limited

12.3% - Industry AVG

production

Production

with a gross margin of 2.6%, this company has a higher cost of product (8.9%)

2.6% - Essar Oil (uk) Limited

8.9% - Industry AVG

profitability

Profitability

an operating margin of 1.5% make it less profitable than the average company (2.4%)

1.5% - Essar Oil (uk) Limited

2.4% - Industry AVG

employees

Employees

with 1041 employees, this is above the industry average (421)

1041 - Essar Oil (uk) Limited

421 - Industry AVG

paystructure

Pay Structure

on an average salary of £94.3k, the company has an equivalent pay structure (£114k)

£94.3k - Essar Oil (uk) Limited

£114k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £7.1m, this is more efficient (£4m)

£7.1m - Essar Oil (uk) Limited

£4m - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 8 days, this is near the average (8 days)

8 days - Essar Oil (uk) Limited

8 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 25 days, this is slower than average (22 days)

25 days - Essar Oil (uk) Limited

22 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 19 days, this is in line with average (19 days)

19 days - Essar Oil (uk) Limited

19 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is average cash available to meet short term requirements (1 weeks)

2 weeks - Essar Oil (uk) Limited

1 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 89.3%, this is a higher level of debt than the average (47.2%)

89.3% - Essar Oil (uk) Limited

47.2% - Industry AVG

ESSAR OIL (UK) LIMITED financials

EXPORTms excel logo

Essar Oil (Uk) Limited's latest turnover from March 2024 is £7.4 billion and the company has net assets of £217.7 million. According to their latest financial statements, Essar Oil (Uk) Limited has 1,041 employees and maintains cash reserves of £69.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Sep 2021Sep 2020Sep 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Nov 2010
Turnover7,431,837,1058,908,712,4373,942,405,8715,900,612,6074,545,488,9499,049,389,8064,087,218,4983,708,744,4453,874,204,5635,210,043,7885,557,494,0016,641,416,4344,579,915,0400
Other Income Or Grants00000000000000
Cost Of Sales7,239,497,3898,640,148,3613,883,375,8776,004,755,7634,571,298,8198,705,671,2133,832,191,0073,417,112,2993,546,639,7645,050,629,4475,600,168,6236,494,195,4734,567,967,6090
Gross Profit192,339,717268,564,07559,029,994-104,143,157-25,809,870343,718,593255,027,491291,632,146327,564,799159,414,340-42,674,622147,220,96111,947,4310
Admin Expenses83,718,114102,793,12735,737,078107,609,22175,991,523158,291,45775,242,901109,738,646102,824,77190,311,98665,309,03556,553,60344,603,7430
Operating Profit108,621,603165,770,94823,292,916-211,752,378-101,801,393185,427,136179,784,590181,893,500224,740,02869,102,354-107,983,65790,667,358-32,656,3120
Interest Payable197,865,415177,049,42954,164,00862,066,74278,716,31877,458,72234,646,38131,483,01630,731,02614,230,98022,374,99248,057,59129,072,0830
Interest Receivable20,815,98618,847,9297,578,17414,831,53313,396,91131,873,6531,581,6821,129,7731,086,450273,672453,985324,275398,2470
Pre-Tax Profit-68,427,8257,569,450-50,335,035-258,987,587-167,120,799139,842,067146,719,892193,492,506195,095,45261,302,682-114,534,01642,934,042-52,236,8250
Tax23,616,68342,616,0021,834,71613,300,01626,339,691-30,222,541-25,231,604-67,259,170-6,053,081-13,615,21635,994,552-17,640,57314,602,4160
Profit After Tax-44,811,14250,185,452-48,500,319-245,687,571-140,781,108109,619,526121,488,288126,233,336189,042,37247,687,466-78,539,46425,293,469-37,634,4090
Dividends Paid000061,307,902144,292,893282,443,32345,190,932000000
Retained Profit-44,811,14250,185,452-48,500,319-245,687,571-202,089,010-34,673,367-160,955,03581,042,404189,042,37247,687,466-78,539,46425,293,469-37,634,4090
Employee Costs98,175,76376,224,35841,799,61785,442,52882,652,134135,678,392100,097,91498,290,276117,647,059103,243,02198,190,54495,661,19765,843,6210
Number Of Employees1,0418677587798379419589719789931,0381,0361,0070
EBITDA*192,112,633233,290,43962,699,426-134,289,860-30,653,952270,136,396226,105,294234,917,526277,200,061114,532,019-71,924,250114,793,436-20,244,2590

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Sep 2021Sep 2020Sep 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Nov 2010
Tangible Assets1,047,233,366942,472,182910,178,6851,061,986,1361,011,504,693678,248,385703,321,533554,794,005582,725,438486,384,784459,692,587339,451,326319,461,0380
Intangible Assets72,591,02370,471,5777,099,5537,093,3425,449,5914,594,4012,108,910903,8191,241,6582,120,9633,048,1874,150,7235,442,7190
Investments & Other1,211,1111,059,7220208,528,130176,279,139000000000
Debtors (Due After 1 year)29,672,24228,612,51925,686,02457,875,221016,726,48900000000
Total Fixed Assets1,119,824,3881,012,943,758917,278,2381,069,079,4771,016,954,283682,842,785705,430,443555,697,823583,967,096488,505,747462,740,774343,602,049324,903,7560
Stock & work in progress387,025,963355,688,441419,910,657263,904,562170,905,237227,351,040522,859,079379,905,099258,031,972256,910,235288,021,272345,482,845650,935,8820
Trade Debtors169,101,506141,700,098254,546,905295,179,752373,372,691515,147,164442,569,858401,521,428266,025,144277,914,614449,315,779449,056,359743,462,1000
Group Debtors15,895,84423,465,294012,493,95410,899,18242,498,2056,100,77538,713,564000000
Misc Debtors49,882,67341,783,36294,846,84189,069,804160,081,743223,330,94096,106,04860,706,48484,355,11424,835,79610,960,50335,994,55230,731,4480
Cash69,487,54864,870,18371,793,23568,837,65993,399,93980,473,797168,486,856210,589,741162,269,12970,881,22660,898,89085,414,099111,575,7330
misc current assets192,945,273271,516,161284,460,75398,661,93846,624,2812,225,41343,684,56739,090,1567,760,3601,915,709713,4063,307,6073,650,6040
total current assets919,839,528931,496,4801,134,731,972843,059,810901,301,8471,091,026,5611,279,807,1851,130,526,474778,441,720632,457,581809,909,851919,255,4641,540,355,7680
total assets2,039,663,9161,944,440,2382,052,010,2101,912,139,2871,918,256,1301,773,869,3461,985,237,6281,686,224,2971,362,408,8161,120,963,3281,272,650,6251,262,857,5131,865,259,5240
Bank overdraft00000000000100
Bank loan00000000094,348,659168,298,852158,700,304161,489,4460
Trade Creditors 507,758,686272,954,356136,008,296116,314,686188,162,277310,409,189400,692,92877,351,81132,826,32360,002,737214,799,922137,168,429608,389,7520
Group/Directors Accounts000110000100230,253,5510
other short term finances324,729,392255,544,62134,939,37422,811,5423,708,7491,435,750269,639,225276,417,86599,643,02300000
hp & lease commitments1,589,5841,513,8891,515,6341,450,9101,211,0202,081,8371,657,0001,506,3641,940,0901,642,0361,491,6661,426,8111,592,9900
other current liabilities916,887,440946,862,4611,176,292,2761,021,763,6601,191,568,267882,627,420670,482,788518,867,211493,869,312405,582,920496,205,977575,458,847697,198,9880
total current liabilities1,750,965,1051,476,875,3311,348,755,5841,162,340,8031,384,650,3181,196,554,2001,342,471,944874,143,255628,278,752561,576,355880,796,420872,754,3941,698,924,7310
loans142,002,876130,648,700127,632,418125,906,818113,381,77439,770,27819,582,73618,076,37225,453,98022,988,504293,209,675218,172,38423,098,3660
hp & lease commitments71,001,43865,324,35063,816,20962,953,40956,690,88719,885,1399,791,3689,038,18612,726,99011,494,25211,219,92311,479,34311,549,1830
Accruals and Deferred Income00000000000000
other liabilities0136,250,094398,851,308403,030,7910000080,322,9320000
provisions030,429,186113,273,770107,367,40297,033,00091,026,559102,734,050128,191,60758,357,90658,702,79087,424,60677,177,50863,985,1320
total long term liabilities71,001,438216,789,039519,304,403519,667,902105,207,38765,398,42061,158,39473,133,99141,905,944121,168,582325,702,055245,281,79543,541,7490
total liabilities1,821,966,5431,693,664,3701,868,059,9871,682,008,7051,489,857,7051,261,952,6201,403,630,338947,277,246670,184,696682,744,9371,206,498,4751,118,036,1891,742,466,4800
net assets217,697,373250,775,868183,950,223230,130,582428,398,425511,916,727581,607,290738,947,051692,224,120438,218,39166,152,150144,821,324122,793,0440
total shareholders funds217,697,373250,775,869183,950,223230,130,582428,398,426511,916,726581,607,291738,947,051692,224,119438,218,39166,152,150144,821,324122,793,0440
Mar 2024Mar 2023Mar 2022Sep 2021Sep 2020Sep 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Nov 2010
Operating Activities
Operating Profit108,621,603165,770,94823,292,916-211,752,378-101,801,393185,427,136179,784,590181,893,500224,740,02869,102,354-107,983,65790,667,358-32,656,3120
Depreciation79,479,22264,416,01739,087,42876,817,66970,466,24383,991,38546,094,75052,270,84450,830,35944,061,30334,827,16122,828,97711,615,5580
Amortisation4,011,8083,103,474319,081644,849681,198717,875225,954753,1821,629,6751,368,3631,232,2451,297,100796,4950
Tax23,616,68342,616,0021,834,71613,300,01626,339,691-30,222,541-25,231,604-67,259,170-6,053,081-13,615,21635,994,552-17,640,57314,602,4160
Stock31,337,522-64,222,216156,006,09592,999,325-56,445,803-295,508,039142,953,980121,873,1271,121,737-31,111,037-57,461,573-305,453,037650,935,8820
Debtors28,990,993-139,518,497-79,538,962-89,734,885-253,349,182252,926,11843,835,204150,561,22047,629,847-157,525,872-24,774,629-289,142,637774,193,5480
Creditors234,804,330136,946,06019,693,610-71,847,590-122,246,912-90,283,739323,341,11644,525,488-27,176,414-154,797,18577,631,494-471,221,323608,389,7520
Accruals and Deferred Income-29,975,021-229,429,815154,528,616-169,804,607308,940,847212,144,632151,615,57724,997,89988,286,392-90,623,057-79,252,870-121,740,141697,198,9880
Deferred Taxes & Provisions-30,429,186-82,844,5845,906,36810,334,4026,006,441-11,707,491-25,457,55769,833,701-344,884-28,721,81610,247,09813,192,37663,985,1320
Cash flow from operations329,800,924304,318,815168,195,602-355,572,079498,181,100392,649,178463,583,64234,581,097283,160,49115,411,65554,932,225111,979,448-61,197,4010
Investing Activities
capital expenditure-190,371,660-163,185,011112,394,730-129,587,712-405,258,940-62,121,603-196,053,324-24,754,754-147,921,382-71,194,639-155,198,131-42,824,370-337,315,8100
Change in Investments151,3891,059,722-208,528,13032,248,991176,279,139000000000
cash flow from investments-190,523,049-164,244,733320,922,860-161,836,703-581,538,079-62,121,603-196,053,324-24,754,754-147,921,382-71,194,639-155,198,131-42,824,370-337,315,8100
Financing Activities
Bank loans00000000-94,348,659-73,950,1939,598,548-2,789,142161,489,4460
Group/Directors Accounts00-101000010-230,253,551230,253,5510
Other Short Term Loans 69,184,771220,605,24712,127,83219,102,7932,272,999-268,203,475-6,778,640176,774,84299,643,02300000
Long term loans11,354,1763,016,2821,725,60012,525,04473,611,49620,187,5421,506,364-7,377,6082,465,476-270,221,17175,037,291195,074,01823,098,3660
Hire Purchase and Lease Commitments5,752,7831,506,396927,5246,502,41235,934,93110,518,608903,818-4,122,5301,530,792424,699-194,565-236,01913,142,1730
other long term liabilities-136,250,094-262,601,214-4,179,483403,030,7910000-80,322,93280,322,9320000
share issue11,732,64716,640,1932,319,96047,419,727118,570,709-35,017,1973,615,275-34,319,47264,963,356324,378,775-129,710-3,265,189160,427,4530
interest-177,049,429-158,201,500-46,585,834-47,235,209-65,319,407-45,585,069-33,064,699-30,353,243-29,644,576-13,957,308-21,921,007-47,733,316-28,673,8360
cash flow from financing-215,275,146-179,034,596-33,664,402441,345,558165,070,729-318,099,591-33,817,882100,601,989-35,713,52046,997,73562,390,557-89,203,199559,737,1530
cash and cash equivalents
cash4,617,365-6,923,0522,955,576-24,562,28012,926,142-88,013,059-42,102,88548,320,61291,387,9039,982,336-24,515,209-26,161,634111,575,7330
overdraft0000000000-1100
change in cash4,617,365-6,923,0522,955,576-24,562,28012,926,142-88,013,059-42,102,88548,320,61291,387,9039,982,336-24,515,208-26,161,635111,575,7330

essar oil (uk) limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Essar Oil (uk) Limited Competitor Analysis

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Perform a competitor analysis for essar oil (uk) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in CH65 area or any other competitors across 12 key performance metrics.

essar oil (uk) limited Ownership

ESSAR OIL (UK) LIMITED group structure

Essar Oil (Uk) Limited has 6 subsidiary companies.

Ultimate parent company

ESSAR GLOBAL FUND LTD

#0000348

ESSAR OIL CYPRUS LTD

#0077522

2 parents

ESSAR OIL (UK) LIMITED

07071400

6 subsidiaries

ESSAR OIL (UK) LIMITED Shareholders

essar oil cyprus ltd 100%

essar oil (uk) limited directors

Essar Oil (Uk) Limited currently has 7 directors. The longest serving directors include Mr Prashant Ruia (Dec 2016) and Mr Timothy Bullock (Jun 2021).

officercountryagestartendrole
Mr Prashant RuiaUnited Kingdom55 years Dec 2016- Director
Mr Timothy Bullock63 years Jun 2021- Director
Mr Andrew Wright50 years Jun 2021- Director
Mr Deepak MaheshwariUnited Kingdom55 years Aug 2021- Director
Mr Markos Palios72 years Oct 2022- Director
Mr Charles Fountain64 years Apr 2023- Director
Mr Naresh Nayyar72 years Oct 2024- Director

P&L

March 2024

turnover

7.4b

-17%

operating profit

108.6m

-34%

gross margin

2.6%

-14.15%

turnover

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

Balance Sheet

March 2024

net assets

217.7m

-0.13%

total assets

2b

+0.05%

cash

69.5m

+0.07%

net assets

Total assets minus all liabilities

essar oil (uk) limited company details

company number

07071400

Type

Private limited with Share Capital

industry

19201 - Mineral oil refining

incorporation date

November 2009

age

15

incorporated

UK

ultimate parent company

ESSAR GLOBAL FUND LTD

accounts

Group

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

PKF LITTLEJOHN LLP

address

the administration building, 5th floor, ellesmere port, cheshire, CH65 4HB

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

essar oil (uk) 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 37 charges/mortgages relating to essar oil (uk) limited. Currently there are 10 open charges and 27 have been satisfied in the past.

charges

essar oil (uk) limited Companies House Filings - See Documents

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