Nicholls'(Fuel Oils) Limited
Registered name: NICHOLLS'(FUEL OILS) LIMITED
Nicholls'(Fuel Oils) Limited made £247m revenue and £3.5m profit in the year to 31 May 2025.
Nicholls'(Fuel Oils) Limited’s revenue fell 5% to £247m in the year to 31 May 2025, with £3.5m profit and 143 employees. The company is classified under “wholesale of petroleum and petroleum products” and is based in Londonderry; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Londonderry, Northern Ireland
- Age
- 62 yrs · since 1964
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £346m | £259m | £247m |
| Cost of sales | −£326m | −£244m | −£232m |
| Gross profit | £19.2m | £14.8m | £15.2m |
| Operating profit | £6.8m | £1.5m | £3m |
| Profit before tax | £7.1m | £1.4m | £4.2m |
| Profit after tax | £5.6m | £782k | £3.5m |
| Profit (best available) | £5.6m | £782k | £3.5m |
| Employees (average) | 168 | 152 | 143 |
| Ratios | |||
| Profit margin | 1.6% | 0.3% | 1.4% |
| Gross margin | 5.6% | 5.7% | 6.2% |
| Revenue per employee | £2.1m | £1.7m | £1.7m |
| Profit per employee | £33.4k | £5.1k | £24.7k |
| Growth (year on year) | |||
| Revenue growth | — | ▼25.1% | ▼4.6% |
| Profit growth | — | ▼86.1% | ▲350.9% |
| Headcount growth | — | ▼9.5% | ▼5.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Mar 2025 | Accounts · bulk data Mar 2025 | Accounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 1.4%
- Profit ÷ revenue.
- Gross margin
- 6.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.7m
- Revenue ÷ average employees.
- Profit per employee
- £24.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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 —
- Cash at bank
- —
- Now —
- Headcount
- ▼6%
- Now 143
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (5)
- Berngar LtdRev. — · Profit £138k
- Broomhill Ventures LtdRev. — · Profit £2.6k
- E. Cunnah & Son LimitedFigures not disclosed
- Fleet Diesel LtdFigures not disclosed
- Oiltrans (Ni) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 May 2025 (profit £3.5m), from the Companies House accounts bulk data published Mar 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.