How much does Corinthian Oil Limited make?

Corinthian Oil Limited reported revenue of £10.4m and £9.1m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Corinthian Oil Limited have?

Corinthian Oil Limited reported an average of 5 employees in the year to 31 Dec 2023.

Is Corinthian Oil Limited profitable?

Yes — Corinthian Oil Limited reported a profit of £9.1m in the year to 31 Dec 2023.

Company No. 09628027 · Incorporated 8 Jun 2015

Corinthian Oil Limited

Registered name: CORINTHIAN OIL LIMITED

Part of Motor Oil (Hellas) Corinth Refineries S.A. group

Corinthian Oil Limited made £10.4m revenue and £9.1m profit in the year to 31 Dec 2023.

Corinthian Oil Limited’s revenue fell 4% to £10.4m in the year to 31 Dec 2023, with £9.1m profit and 5 employees. The company is classified under “wholesale of petroleum and petroleum products” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46711Wholesale of petroleum and petroleum products

Status: Active
Location: London, London
Age: 11 yrs · since 2015
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.

Latest accounts · year to 31 Dec 2023

Key figures

Small team

Revenue

£10.4m

Growth ▼4.4%

Profit

£9.1m

Growth ▲3.7%

Profit margin

86.9%

Gross 100%

Employees

Change 0%

Profit / employee

£1.8m

Revenue/employee £2.1m

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.9m	£10.4m
Gross profit	£10.9m	£10.4m
Operating profit	£10.8m	£10.4m
Profit before tax	£10.8m	£11.7m
Profit after tax	£8.7m	£9.1m
Profit (best available)	£8.7m	£9.1m
Staff costs	£38.5k	£34.8k
Employees (average)	5	5
Ratios
Profit margin	80.2%	86.9%
Gross margin	100%	100%
Revenue per employee	£2.2m	£2.1m
Profit per employee	£1.7m	£1.8m
Growth (year on year)
Revenue growth	—	▼4.4%
Profit growth	—	▲3.7%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£11.5m	£64.6m
Net assets	£10.8m	£19.9m
Current assets	£138m	£204m
Debtors	£107m	£140m
Deferred income	£53.9k	£87.8k
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 86.9%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £2.1m; Revenue ÷ average employees.
Profit per employee: £1.8m; 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: 0.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1340%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲84%; Now £19.9m
Cash at bank: ▲461%; Now £64.6m
Headcount: 0%; Now 5
Deferred income: ▲63%; Now £87.8k
Fixed assets: —; Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Motor Oil (Hellas) Corinth Refineries S.A. (registered outside the UK register)ultimate parent75–100%
Corinthian Oil Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £9.1m), from the Companies House accounts bulk data published Dec 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.