Cheiron Oil & Gas Limited
Registered name: CHEIRON OIL & GAS LIMITED
Part of Cheiron Energy Limited groupCheiron Oil & Gas Limited made £206m revenue and £75.3m profit in the year to 30 Jun 2023.
Cheiron Oil & Gas Limited’s revenue was £206m in the year to 30 Jun 2023, with £75.3m profit and 0 employees. The company is classified under “extraction of crude petroleum” and is based in Altrincham; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Altrincham, North West
- Age
- 5 yrs · since 2021
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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: “Cheiron Petroleum Corporation”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £179m | £206m |
| Cost of sales | £115m | £122m |
| Gross profit | £102m | £131m |
| Operating profit | £78.7m | £108m |
| Profit before tax | £63m | £75.3m |
| Profit (best available) | £63m | £75.3m |
| Employees (average) | — | 0 |
| Ratios | ||
| Profit margin | 35.1% | 36.5% |
| Gross margin | 57.1% | 63.6% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £5.8m | £9.7m |
| Net assets | £69.1m | £88.5m |
| Fixed assets | £396m | £383m |
| Current assets | £118m | £208m |
| Debtors | £52m | £105m |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 |
How the business works
- Profit margin
- 36.5%
- Profit ÷ revenue.
- Gross margin
- 63.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 185.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 50.9%
- 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
- —
- Now £88.5m
- Cash at bank
- —
- Now £9.7m
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £383m
Group structure
Ownership chain
- Cheiron Energy Limitedultimate parent75–100%
- Cheiron Oil & Gas Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Cheiron WD Exploration LimitedRev. — · Profit −£5.1m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Jun 2023 (profit £75.3m), from the Companies House accounts bulk data published Jun 2024. 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.