Midland Oil Refinery Limited
Registered name: MIDLAND OIL REFINERY LIMITED
Part of Midland Oil Group Limited groupMidland Oil Refinery Limited made £12.9m revenue and £183k profit in the year to 31 Jul 2025.
Midland Oil Refinery Limited’s revenue grew 3% to £12.9m in the year to 31 Jul 2025, with £183k profit and 34 employees. The company is classified under “mineral oil refining” and is based in West Midlands; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- West Midlands, West Midlands
- Age
- 23 yrs · since 2003
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Midland Oil Group Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jul 2022 | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £14m | £12.5m | £12.9m |
| Cost of sales | — | £10.9m | £9.5m | £9.8m |
| Gross profit | — | £3.1m | £3m | £3m |
| Operating profit | — | £710k | £571k | £536k |
| Profit before tax | — | £599k | £316k | £264k |
| Profit after tax | — | £477k | £231k | £183k |
| Profit (best available) | — | £477k | £231k | £183k |
| Staff costs | — | £1.4m | £1.2m | £1.3m |
| Employees (average) | 28 | 28 | 31 | 34 |
| Ratios | ||||
| Profit margin | — | 3.4% | 1.9% | 1.4% |
| Gross margin | — | 22.2% | 24% | 23.6% |
| Revenue per employee | — | £499k | £402k | £379k |
| Profit per employee | — | £17.1k | £7.5k | £5.4k |
| Cash conversion | — | 90% | −127.9% | −128.4% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▼10.9% | ▲3.4% |
| Profit growth | — | — | ▼51.5% | ▼21% |
| Headcount growth | — | 0% | ▲10.7% | ▲9.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £68.9k | £351 | £26.3k | £2.4k |
| Net assets | £889k | £1.4m | £1.4m | £1.4m |
| Fixed assets | £1.1m | £1.2m | £2.4m | £2.4m |
| Current assets | £3.9m | £5.9m | £5.5m | £5.6m |
| Debtors | £2.4m | £2.4m | £2m | £2.2m |
| Deferred income | £171k | £474k | £274k | — |
| Cash from operations | — | £639k | −£731k | −£688k |
| Source | FilletedAccounts · bulk data Apr 2024 | FilletedAccounts · bulk data Apr 2024 | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 1.4%
- Profit ÷ revenue.
- Gross margin
- 23.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £379k
- Revenue ÷ average employees.
- Profit per employee
- £5.4k
- Profit ÷ average employees.
- Cash conversion
- −128.4%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 18.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼2%
- Now £1.4m
- Cash at bank
- ▼91%
- Now £2.4k
- Headcount
- ▲10%
- Now 34
- Deferred income
- —
- Now —
- Fixed assets
- ▲0%
- Now £2.4m
Group structure
Ownership chain
- Midland Oil Group Limitedultimate parent75–100%
- Midland Oil Refinery Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Kwikfill LimitedFigures not disclosed
- Rods Oils LimitedFigures not disclosed
- Varol LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Jul 2025 (profit £183k), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.