Essar Oil (uk) Limited

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essar oil (uk) limited Company Information

Live

EstablishedMegaHealthy

Company Number

07071400

Website

www.essaroil.co.uk

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).

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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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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 Rating4out of 5

4 Strong

4 Regular

4 Weak

Size

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

Growth

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

EXPORT

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 House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Sep 2021	Sep 2020	Sep 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Turnover	7,431,837,105	8,908,712,437	3,942,405,871	5,900,612,607	4,545,488,949	9,049,389,806	4,087,218,498	3,708,744,445	3,874,204,563	5,210,043,788	5,557,494,001	6,641,416,434	4,579,915,040
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,239,497,389	8,640,148,361	3,883,375,877	6,004,755,763	4,571,298,819	8,705,671,213	3,832,191,007	3,417,112,299	3,546,639,764	5,050,629,447	5,600,168,623	6,494,195,473	4,567,967,609
Gross Profit	192,339,717	268,564,075	59,029,994	-104,143,157	-25,809,870	343,718,593	255,027,491	291,632,146	327,564,799	159,414,340	-42,674,622	147,220,961	11,947,431
Admin Expenses	83,718,114	102,793,127	35,737,078	107,609,221	75,991,523	158,291,457	75,242,901	109,738,646	102,824,771	90,311,986	65,309,035	56,553,603	44,603,743
Operating Profit	108,621,603	165,770,948	23,292,916	-211,752,378	-101,801,393	185,427,136	179,784,590	181,893,500	224,740,028	69,102,354	-107,983,657	90,667,358	-32,656,312
Interest Payable	197,865,415	177,049,429	54,164,008	62,066,742	78,716,318	77,458,722	34,646,381	31,483,016	30,731,026	14,230,980	22,374,992	48,057,591	29,072,083
Interest Receivable	20,815,986	18,847,929	7,578,174	14,831,533	13,396,911	31,873,653	1,581,682	1,129,773	1,086,450	273,672	453,985	324,275	398,247
Pre-Tax Profit	-68,427,825	7,569,450	-50,335,035	-258,987,587	-167,120,799	139,842,067	146,719,892	193,492,506	195,095,452	61,302,682	-114,534,016	42,934,042	-52,236,825
Tax	23,616,683	42,616,002	1,834,716	13,300,016	26,339,691	-30,222,541	-25,231,604	-67,259,170	-6,053,081	-13,615,216	35,994,552	-17,640,573	14,602,416
Profit After Tax	-44,811,142	50,185,452	-48,500,319	-245,687,571	-140,781,108	109,619,526	121,488,288	126,233,336	189,042,372	47,687,466	-78,539,464	25,293,469	-37,634,409
Dividends Paid	0	0	0	0	61,307,902	144,292,893	282,443,323	45,190,932	0	0	0	0	0
Retained Profit	-44,811,142	50,185,452	-48,500,319	-245,687,571	-202,089,010	-34,673,367	-160,955,035	81,042,404	189,042,372	47,687,466	-78,539,464	25,293,469	-37,634,409
Employee Costs	98,175,763	76,224,358	41,799,617	85,442,528	82,652,134	135,678,392	100,097,914	98,290,276	117,647,059	103,243,021	98,190,544	95,661,197	65,843,621
Number Of Employees	1,041	867	758	779	837	941	958	971	978	993	1,038	1,036	1,007
EBITDA*	192,112,633	233,290,439	62,699,426	-134,289,860	-30,653,952	270,136,396	226,105,294	234,917,526	277,200,061	114,532,019	-71,924,250	114,793,436	-20,244,259

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Sep 2021	Sep 2020	Sep 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Tangible Assets	1,047,233,366	942,472,182	910,178,685	1,061,986,136	1,011,504,693	678,248,385	703,321,533	554,794,005	582,725,438	486,384,784	459,692,587	339,451,326	319,461,038
Intangible Assets	72,591,023	70,471,577	7,099,553	7,093,342	5,449,591	4,594,401	2,108,910	903,819	1,241,658	2,120,963	3,048,187	4,150,723	5,442,719
Investments & Other	1,211,111	1,059,722	0	208,528,130	176,279,139	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	29,672,242	28,612,519	25,686,024	57,875,221	0	16,726,489	0	0	0	0	0	0	0
Total Fixed Assets	1,119,824,388	1,012,943,758	917,278,238	1,069,079,477	1,016,954,283	682,842,785	705,430,443	555,697,823	583,967,096	488,505,747	462,740,774	343,602,049	324,903,756
Stock & work in progress	387,025,963	355,688,441	419,910,657	263,904,562	170,905,237	227,351,040	522,859,079	379,905,099	258,031,972	256,910,235	288,021,272	345,482,845	650,935,882
Trade Debtors	169,101,506	141,700,098	254,546,905	295,179,752	373,372,691	515,147,164	442,569,858	401,521,428	266,025,144	277,914,614	449,315,779	449,056,359	743,462,100
Group Debtors	15,895,844	23,465,294	0	12,493,954	10,899,182	42,498,205	6,100,775	38,713,564	0	0	0	0	0
Misc Debtors	49,882,673	41,783,362	94,846,841	89,069,804	160,081,743	223,330,940	96,106,048	60,706,484	84,355,114	24,835,796	10,960,503	35,994,552	30,731,448
Cash	69,487,548	64,870,183	71,793,235	68,837,659	93,399,939	80,473,797	168,486,856	210,589,741	162,269,129	70,881,226	60,898,890	85,414,099	111,575,733
misc current assets	192,945,273	271,516,161	284,460,753	98,661,938	46,624,281	2,225,413	43,684,567	39,090,156	7,760,360	1,915,709	713,406	3,307,607	3,650,604
total current assets	919,839,528	931,496,480	1,134,731,972	843,059,810	901,301,847	1,091,026,561	1,279,807,185	1,130,526,474	778,441,720	632,457,581	809,909,851	919,255,464	1,540,355,768
total assets	2,039,663,916	1,944,440,238	2,052,010,210	1,912,139,287	1,918,256,130	1,773,869,346	1,985,237,628	1,686,224,297	1,362,408,816	1,120,963,328	1,272,650,625	1,262,857,513	1,865,259,524
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	1	0
Bank loan	0	0	0	0	0	0	0	0	0	94,348,659	168,298,852	158,700,304	161,489,446
Trade Creditors	507,758,686	272,954,356	136,008,296	116,314,686	188,162,277	310,409,189	400,692,928	77,351,811	32,826,323	60,002,737	214,799,922	137,168,429	608,389,752
Group/Directors Accounts	0	0	0	1	1	0	0	0	0	1	0	0	230,253,551
other short term finances	324,729,392	255,544,621	34,939,374	22,811,542	3,708,749	1,435,750	269,639,225	276,417,865	99,643,023	0	0	0	0
hp & lease commitments	1,589,584	1,513,889	1,515,634	1,450,910	1,211,020	2,081,837	1,657,000	1,506,364	1,940,090	1,642,036	1,491,666	1,426,811	1,592,990
other current liabilities	916,887,440	946,862,461	1,176,292,276	1,021,763,660	1,191,568,267	882,627,420	670,482,788	518,867,211	493,869,312	405,582,920	496,205,977	575,458,847	697,198,988
total current liabilities	1,750,965,105	1,476,875,331	1,348,755,584	1,162,340,803	1,384,650,318	1,196,554,200	1,342,471,944	874,143,255	628,278,752	561,576,355	880,796,420	872,754,394	1,698,924,731
loans	142,002,876	130,648,700	127,632,418	125,906,818	113,381,774	39,770,278	19,582,736	18,076,372	25,453,980	22,988,504	293,209,675	218,172,384	23,098,366
hp & lease commitments	71,001,438	65,324,350	63,816,209	62,953,409	56,690,887	19,885,139	9,791,368	9,038,186	12,726,990	11,494,252	11,219,923	11,479,343	11,549,183
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	136,250,094	398,851,308	403,030,791	0	0	0	0	0	80,322,932	0	0	0
provisions	0	30,429,186	113,273,770	107,367,402	97,033,000	91,026,559	102,734,050	128,191,607	58,357,906	58,702,790	87,424,606	77,177,508	63,985,132
total long term liabilities	71,001,438	216,789,039	519,304,403	519,667,902	105,207,387	65,398,420	61,158,394	73,133,991	41,905,944	121,168,582	325,702,055	245,281,795	43,541,749
total liabilities	1,821,966,543	1,693,664,370	1,868,059,987	1,682,008,705	1,489,857,705	1,261,952,620	1,403,630,338	947,277,246	670,184,696	682,744,937	1,206,498,475	1,118,036,189	1,742,466,480
net assets	217,697,373	250,775,868	183,950,223	230,130,582	428,398,425	511,916,727	581,607,290	738,947,051	692,224,120	438,218,391	66,152,150	144,821,324	122,793,044
total shareholders funds	217,697,373	250,775,869	183,950,223	230,130,582	428,398,426	511,916,726	581,607,291	738,947,051	692,224,119	438,218,391	66,152,150	144,821,324	122,793,044

	Mar 2024	Mar 2023	Mar 2022	Sep 2021	Sep 2020	Sep 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Nov 2010
Operating Activities
Operating Profit	108,621,603	165,770,948	23,292,916	-211,752,378	-101,801,393	185,427,136	179,784,590	181,893,500	224,740,028	69,102,354	-107,983,657	90,667,358	-32,656,312	0
Depreciation	79,479,222	64,416,017	39,087,428	76,817,669	70,466,243	83,991,385	46,094,750	52,270,844	50,830,359	44,061,303	34,827,161	22,828,977	11,615,558	0
Amortisation	4,011,808	3,103,474	319,081	644,849	681,198	717,875	225,954	753,182	1,629,675	1,368,363	1,232,245	1,297,100	796,495	0
Tax	23,616,683	42,616,002	1,834,716	13,300,016	26,339,691	-30,222,541	-25,231,604	-67,259,170	-6,053,081	-13,615,216	35,994,552	-17,640,573	14,602,416	0
Stock	31,337,522	-64,222,216	156,006,095	92,999,325	-56,445,803	-295,508,039	142,953,980	121,873,127	1,121,737	-31,111,037	-57,461,573	-305,453,037	650,935,882	0
Debtors	28,990,993	-139,518,497	-79,538,962	-89,734,885	-253,349,182	252,926,118	43,835,204	150,561,220	47,629,847	-157,525,872	-24,774,629	-289,142,637	774,193,548	0
Creditors	234,804,330	136,946,060	19,693,610	-71,847,590	-122,246,912	-90,283,739	323,341,116	44,525,488	-27,176,414	-154,797,185	77,631,494	-471,221,323	608,389,752	0
Accruals and Deferred Income	-29,975,021	-229,429,815	154,528,616	-169,804,607	308,940,847	212,144,632	151,615,577	24,997,899	88,286,392	-90,623,057	-79,252,870	-121,740,141	697,198,988	0
Deferred Taxes & Provisions	-30,429,186	-82,844,584	5,906,368	10,334,402	6,006,441	-11,707,491	-25,457,557	69,833,701	-344,884	-28,721,816	10,247,098	13,192,376	63,985,132	0
Cash flow from operations	329,800,924	304,318,815	168,195,602	-355,572,079	498,181,100	392,649,178	463,583,642	34,581,097	283,160,491	15,411,655	54,932,225	111,979,448	-61,197,401	0
Investing Activities
capital expenditure	-190,371,660	-163,185,011	112,394,730	-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	-337,315,810	0
Change in Investments	151,389	1,059,722	-208,528,130	32,248,991	176,279,139	0	0	0	0	0	0	0	0	0
cash flow from investments	-190,523,049	-164,244,733	320,922,860	-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	-337,315,810	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-94,348,659	-73,950,193	9,598,548	-2,789,142	161,489,446	0
Group/Directors Accounts	0	0	-1	0	1	0	0	0	0	1	0	-230,253,551	230,253,551	0
Other Short Term Loans	69,184,771	220,605,247	12,127,832	19,102,793	2,272,999	-268,203,475	-6,778,640	176,774,842	99,643,023	0	0	0	0	0
Long term loans	11,354,176	3,016,282	1,725,600	12,525,044	73,611,496	20,187,542	1,506,364	-7,377,608	2,465,476	-270,221,171	75,037,291	195,074,018	23,098,366	0
Hire Purchase and Lease Commitments	5,752,783	1,506,396	927,524	6,502,412	35,934,931	10,518,608	903,818	-4,122,530	1,530,792	424,699	-194,565	-236,019	13,142,173	0
other long term liabilities	-136,250,094	-262,601,214	-4,179,483	403,030,791	0	0	0	0	-80,322,932	80,322,932	0	0	0	0
share issue	11,732,647	16,640,193	2,319,960	47,419,727	118,570,709	-35,017,197	3,615,275	-34,319,472	64,963,356	324,378,775	-129,710	-3,265,189	160,427,453	0
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	-28,673,836	0
cash flow from financing	-215,275,146	-179,034,596	-33,664,402	441,345,558	165,070,729	-318,099,591	-33,817,882	100,601,989	-35,713,520	46,997,735	62,390,557	-89,203,199	559,737,153	0
cash and cash equivalents
cash	4,617,365	-6,923,052	2,955,576	-24,562,280	12,926,142	-88,013,059	-42,102,885	48,320,612	91,387,903	9,982,336	-24,515,209	-26,161,634	111,575,733	0
overdraft	0	0	0	0	0	0	0	0	0	0	-1	1	0	0
change in cash	4,617,365	-6,923,052	2,955,576	-24,562,280	12,926,142	-88,013,059	-42,102,885	48,320,612	91,387,903	9,982,336	-24,515,208	-26,161,635	111,575,733	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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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

EET PROPERTY HOLDINGS LIMITED

15859061

STANLOW TERMINALS LIMITED

11456916

ESSAR MIDLANDS LIMITED

11253987

EET HYDROGEN LIMITED

13778522

EET H2 POWER LIMITED

15461260

ESSAR RETAIL VENTURES LIMITED

11777021

ESSAR OIL (UK) LIMITED Shareholders

essar oil cyprus ltd

100%

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

officer	country	age	start	end	role
Mr Prashant Ruia	United Kingdom	55 years	Dec 2016	-	Director
Mr Timothy Bullock		63 years	Jun 2021	-	Director
Mr Andrew Wright		50 years	Jun 2021	-	Director
Mr Deepak Maheshwari	United Kingdom	55 years	Aug 2021	-	Director
Mr Markos Palios		72 years	Oct 2022	-	Director
Mr Charles Fountain		64 years	Apr 2023	-	Director
Mr Naresh Nayyar		72 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

+0.05%

cash

69.5m

+0.07%

net assets

Total assets minus all liabilities

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company number

07071400

Type

Private limited with Share Capital

industry

19201 - Mineral oil refining

incorporation date

November 2009

ultimate parent company

ESSAR GLOBAL FUND LTD

previous names

N/A

address

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

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.

essar oil (uk) limited Company Information

essar oil (uk) limited Estimated Valuation

essar oil (uk) limited Estimated Valuation

essar oil (uk) limited Estimated Valuation

Essar Oil (uk) Limited Overview

Essar Oil (uk) Limited Health Check

ESSAR OIL (UK) LIMITED financials

essar oil (uk) limited Credit Report and Business Information

Essar Oil (uk) Limited Competitor Analysis

essar oil (uk) limited Ownership

essar oil (uk) limited directors

essar oil (uk) limited company details

essar oil (uk) limited Charges & Mortgages

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