Web Oil Limited
Registered name: WEB OIL LIMITED
Part of Your NRG Ltd groupWeb Oil Limited made £30.3m revenue and £238k profit in the year to 31 May 2024.
Web Oil Limited’s revenue fell 40% to £30.3m in the year to 31 May 2024, with £238k profit and 19 employees. The company is classified under “dormant company” and is based in Hartlepool; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Hartlepool, North East
- Age
- 14 yrs · since 2012
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £38.3m | £50.6m | £30.3m |
| Cost of sales | £35.9m | £47.6m | £28.3m |
| Gross profit | £2.5m | £2.9m | £2m |
| Operating profit | £537k | £758k | £161k |
| Profit before tax | £544k | £788k | £317k |
| Profit after tax | £443k | £631k | £238k |
| Profit (best available) | £443k | £631k | £238k |
| Staff costs | £780k | £789k | £736k |
| Employees (average) | 24 | 22 | 19 |
| Ratios | |||
| Profit margin | 1.1% | 1.3% | 0.8% |
| Gross margin | 6.5% | 5.8% | 6.6% |
| Revenue per employee | £1.6m | £2.3m | £1.6m |
| Profit per employee | £18.4k | £28.7k | £12.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▲31.9% | ▼40% |
| Profit growth | — | ▲42.6% | ▼62.4% |
| Headcount growth | — | ▼8.3% | ▼13.6% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £3.7m | £5.9m | £5.5m |
| Net assets | £1.1m | £1.8m | £2m |
| Fixed assets | £263k | £188k | £195k |
| Current assets | £9.3m | £9.3m | £9.4m |
| Debtors | £4.8m | £3m | £3.2m |
| Deferred income | £509k | £603k | £668k |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2025 |
How the business works
- Profit margin
- 0.8%
- Profit ÷ revenue.
- Gross margin
- 6.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.6m
- Revenue ÷ average employees.
- Profit per employee
- £12.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10.6%
- 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
- ▲14%
- Now £2m
- Cash at bank
- ▼7%
- Now £5.5m
- Headcount
- ▼14%
- Now 19
- Deferred income
- ▲11%
- Now £668k
- Fixed assets
- ▲4%
- Now £195k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Your NRG Ltdultimate parent75–100%
- Web Oil Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Brobot Fuels LimitedFigures not disclosed
- Conquest Oil NRG LtdFigures not disclosed
- East Riding Oil LimitedFigures not disclosed
Minority corporate shareholders
- Nicholls'(Fuel Oils) Limited 25–50%
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 May 2024 (profit £238k), from the Companies House accounts bulk data published Feb 2025. 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.