northern energy oil limited
northern energy oil limited Company Information
Company Number
07362215
Next Accounts
May 2026
Shareholders
robinsons group ltd
howard seth illingworth
View AllGroup Structure
View All
Industry
Agents involved in the sale of fuels, ores, metals and industrial chemicals
Registered Address
energy house, hampsthwaite, harrogate, north yorkshire, HG3 2HT
Website
www.northernenergy.co.uknorthern energy oil limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN ENERGY OIL LIMITED at £19.5m based on a Turnover of £35.1m and 0.56x industry multiple (adjusted for size and gross margin).
northern energy oil limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN ENERGY OIL LIMITED at £4.5m based on an EBITDA of £864.9k and a 5.21x industry multiple (adjusted for size and gross margin).
northern energy oil limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN ENERGY OIL LIMITED at £4.8m based on Net Assets of £2.7m and 1.82x industry multiple (adjusted for liquidity).
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Northern Energy Oil Limited Overview
Northern Energy Oil Limited is a live company located in harrogate, HG3 2HT with a Companies House number of 07362215. It operates in the agents involved in the sale of fuels, ores, metals and industrial chemicals sector, SIC Code 46120. Founded in September 2010, it's largest shareholder is robinsons group ltd with a 76% stake. Northern Energy Oil Limited is a established, large sized company, Pomanda has estimated its turnover at £35.1m with rapid growth in recent years.
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Northern Energy Oil Limited Health Check
Pomanda's financial health check has awarded Northern Energy Oil Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £35.1m, make it in line with the average company (£33.3m)
£35.1m - Northern Energy Oil Limited
£33.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (10.9%)
- Northern Energy Oil Limited
10.9% - Industry AVG
Production
with a gross margin of 12.7%, this company has a comparable cost of product (12.7%)
12.7% - Northern Energy Oil Limited
12.7% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (3.6%)
0.7% - Northern Energy Oil Limited
3.6% - Industry AVG
Employees
with 46 employees, this is above the industry average (25)
46 - Northern Energy Oil Limited
25 - Industry AVG
Pay Structure
on an average salary of £41.7k, the company has a lower pay structure (£56.1k)
£41.7k - Northern Energy Oil Limited
£56.1k - Industry AVG
Efficiency
resulting in sales per employee of £764.1k, this is less efficient (£1.2m)
£764.1k - Northern Energy Oil Limited
£1.2m - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (30 days)
17 days - Northern Energy Oil Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (31 days)
41 days - Northern Energy Oil Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (15 days)
4 days - Northern Energy Oil Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - Northern Energy Oil Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.5%, this is a higher level of debt than the average (55.2%)
70.5% - Northern Energy Oil Limited
55.2% - Industry AVG
NORTHERN ENERGY OIL LIMITED financials
Northern Energy Oil Limited's latest turnover from August 2024 is £35.1 million and the company has net assets of £2.7 million. According to their latest financial statements, Northern Energy Oil Limited has 46 employees and maintains cash reserves of £301.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 35,147,360 | 36,567,864 | 26,400,603 | |||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 30,695,852 | 32,128,040 | 22,826,148 | |||||||||||
| Gross Profit | 4,451,508 | 4,439,824 | 3,574,455 | |||||||||||
| Admin Expenses | 4,217,026 | 4,118,001 | 2,742,556 | |||||||||||
| Operating Profit | 234,482 | 321,823 | 831,899 | |||||||||||
| Interest Payable | 173,891 | 81,462 | 15,633 | |||||||||||
| Interest Receivable | 56,590 | 69,215 | 50,092 | |||||||||||
| Pre-Tax Profit | 117,181 | 309,576 | 866,358 | |||||||||||
| Tax | -142,903 | -48,209 | -178,495 | |||||||||||
| Profit After Tax | -25,722 | 261,367 | 687,863 | |||||||||||
| Dividends Paid | 425,000 | 700,000 | ||||||||||||
| Retained Profit | -25,722 | -163,633 | -12,137 | |||||||||||
| Employee Costs | 1,918,774 | 2,066,748 | 1,485,534 | |||||||||||
| Number Of Employees | 46 | 42 | 37 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
| EBITDA* | 864,896 | 863,459 | 1,083,502 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,279,343 | 2,961,885 | 2,560,227 | 2,441,275 | 112,326 | 117,778 | 118,868 | 115,237 | 112,446 | |||||
| Intangible Assets | 2,383,929 | 2,677,101 | ||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 5,663,272 | 5,638,986 | 2,560,227 | 2,441,275 | 112,326 | 117,778 | 118,868 | 115,237 | 112,446 | |||||
| Stock & work in progress | 400,453 | 549,652 | 408,675 | 217,180 | 2,774 | |||||||||
| Trade Debtors | 1,679,749 | 2,129,868 | 1,671,674 | 770,100 | 53,380 | 112,735 | 148,816 | 67,964 | 37,215 | 58,162 | 156,523 | 166,673 | 146,082 | |
| Group Debtors | 627,779 | 930,781 | 1,391,705 | 2,334,805 | 730,000 | 572,000 | 358,000 | 362,000 | 361,000 | 179,000 | ||||
| Misc Debtors | 375,180 | 426,550 | 553,753 | 262,601 | 36,475 | 12,418 | 19,047 | 16,600 | 5,515 | 13,533 | ||||
| Cash | 301,832 | 308,897 | 277,464 | 216,205 | 428 | 700 | 799 | 242 | 869 | 591 | 47 | 521 | 281 | |
| misc current assets | ||||||||||||||
| total current assets | 3,384,993 | 4,345,748 | 4,303,271 | 3,800,891 | 820,283 | 697,853 | 526,662 | 446,806 | 404,599 | 251,286 | 159,344 | 167,194 | 146,363 | |
| total assets | 9,048,265 | 9,984,734 | 6,863,498 | 6,242,166 | 932,609 | 815,631 | 645,530 | 562,043 | 517,045 | 251,286 | 159,344 | 167,194 | 146,363 | |
| Bank overdraft | 387 | |||||||||||||
| Bank loan | 279,450 | 265,592 | ||||||||||||
| Trade Creditors | 3,503,891 | 3,913,018 | 2,958,568 | 2,075,271 | 120,900 | 73,195 | 63,949 | 35,881 | 93,421 | 94,180 | 197,567 | 213,270 | 185,981 | |
| Group/Directors Accounts | 449,100 | 306,990 | 487,849 | 454,265 | 490,657 | 385,820 | 167,893 | |||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 122,068 | 113,110 | 141,085 | 114,034 | ||||||||||
| other current liabilities | 367,596 | 658,064 | 367,948 | 275,208 | 64,036 | 29,115 | 19,678 | 3,509 | 1,900 | 6,433 | ||||
| total current liabilities | 4,273,005 | 4,950,171 | 3,467,601 | 2,913,613 | 491,926 | 590,159 | 537,892 | 530,047 | 481,141 | 268,506 | 197,567 | 213,270 | 185,981 | |
| loans | 1,243,932 | 1,489,616 | ||||||||||||
| hp & lease commitments | 276,895 | 166,292 | 278,609 | 241,128 | ||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 200,000 | 400,000 | ||||||||||||
| provisions | 388,500 | 287,000 | 262,000 | 220,000 | 17,105 | 17,200 | 16,000 | 17,000 | 16,000 | |||||
| total long term liabilities | 2,109,327 | 2,342,908 | 540,609 | 461,128 | 17,105 | 17,200 | 16,000 | 17,000 | 16,000 | |||||
| total liabilities | 6,382,332 | 7,293,079 | 4,008,210 | 3,374,741 | 509,031 | 607,359 | 553,892 | 547,047 | 497,141 | 268,506 | 197,567 | 213,270 | 185,981 | |
| net assets | 2,665,933 | 2,691,655 | 2,855,288 | 2,867,425 | 423,578 | 208,272 | 91,638 | 14,996 | 19,904 | -17,220 | -38,223 | -46,076 | -39,618 | |
| total shareholders funds | 2,665,933 | 2,691,655 | 2,855,288 | 2,867,425 | 423,578 | 208,272 | 91,638 | 14,996 | 19,904 | -17,220 | -38,223 | -46,076 | -39,618 |
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 234,482 | 321,823 | 831,899 | |||||||||||
| Depreciation | 337,243 | 287,018 | 251,603 | 5,669 | 5,452 | 5,339 | 5,104 | 4,280 | 3,699 | |||||
| Amortisation | 293,171 | 254,618 | ||||||||||||
| Tax | -142,903 | -48,209 | -178,495 | |||||||||||
| Stock | -149,199 | 140,977 | 191,495 | 217,180 | -2,774 | 2,774 | ||||||||
| Debtors | -804,491 | -129,933 | 249,626 | 2,547,651 | 122,702 | 171,290 | 79,299 | 42,834 | 153,035 | 94,172 | -10,150 | 20,591 | 146,082 | |
| Creditors | -409,127 | 954,450 | 883,297 | 1,954,371 | 47,705 | 9,246 | 28,068 | -57,540 | -759 | -103,387 | -15,703 | 27,289 | 185,981 | |
| Accruals and Deferred Income | -290,468 | 290,116 | 92,740 | 211,172 | 34,921 | 9,437 | 16,169 | 1,609 | -4,533 | 6,433 | ||||
| Deferred Taxes & Provisions | 101,500 | 25,000 | 42,000 | 202,895 | -95 | 1,200 | -1,000 | 1,000 | 16,000 | |||||
| Cash flow from operations | 1,077,588 | 2,073,772 | 1,481,923 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 13,858 | 265,592 | ||||||||||||
| Group/Directors Accounts | -449,100 | 142,110 | -180,859 | 33,584 | -36,392 | 104,837 | 217,927 | 167,893 | ||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -245,684 | 1,489,616 | ||||||||||||
| Hire Purchase and Lease Commitments | 119,561 | -140,292 | 64,532 | 355,162 | ||||||||||
| other long term liabilities | -200,000 | 400,000 | ||||||||||||
| share issue | ||||||||||||||
| interest | -117,301 | -12,247 | 34,459 | |||||||||||
| cash flow from financing | -429,566 | 2,002,669 | -350,109 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -7,065 | 31,433 | 61,259 | 215,777 | -272 | -99 | 557 | -627 | 278 | 544 | -474 | 240 | 281 | |
| overdraft | -387 | 387 | ||||||||||||
| change in cash | -6,678 | 31,046 | 61,259 | 215,777 | -272 | -99 | 557 | -627 | 278 | 544 | -474 | 240 | 281 |
northern energy oil limited Credit Report and Business Information
Northern Energy Oil Limited Competitor Analysis
Perform a competitor analysis for northern energy oil limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in HG3 area or any other competitors across 12 key performance metrics.
northern energy oil limited Ownership
NORTHERN ENERGY OIL LIMITED group structure
Northern Energy Oil Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
NORTHERN ENERGY OIL LIMITED
07362215
2 subsidiaries
northern energy oil limited directors
Northern Energy Oil Limited currently has 3 directors. The longest serving directors include Mr David Illingworth (Sep 2010) and Mr Howard Illingworth (Sep 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Illingworth | 69 years | Sep 2010 | - | Director | |
| Mr Howard Illingworth | England | 66 years | Sep 2010 | - | Director |
| Mr Stuart Illingworth | 36 years | May 2022 | - | Director |
P&L
August 2024turnover
35.1m
-4%
operating profit
234.5k
-27%
gross margin
12.7%
+4.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2024net assets
2.7m
-0.01%
total assets
9m
-0.09%
cash
301.8k
-0.02%
net assets
Total assets minus all liabilities
northern energy oil limited company details
company number
07362215
Type
Private limited with Share Capital
industry
46120 - Agents involved in the sale of fuels, ores, metals and industrial chemicals
incorporation date
September 2010
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
August 2024
previous names
northern energy (north east) limited (July 2021)
accountant
-
auditor
BROWN BUTLER
address
energy house, hampsthwaite, harrogate, north yorkshire, HG3 2HT
Bank
-
Legal Advisor
-
northern energy 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 3 charges/mortgages relating to northern energy oil limited. Currently there are 2 open charges and 1 have been satisfied in the past.
northern energy oil 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 NORTHERN ENERGY OIL LIMITED. This can take several minutes, an email will notify you when this has completed.
northern energy oil limited Companies House Filings - See Documents
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