How much does Bangor Fuels Limited make?

Bangor Fuels Limited reported revenue of £36m and a loss of £1.2m in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does Bangor Fuels Limited have?

Bangor Fuels Limited reported an average of 81 employees in the year to 31 Oct 2025.

Is Bangor Fuels Limited profitable?

No — Bangor Fuels Limited reported a loss of £1.2m in the year to 31 Oct 2025.

Company No. NI620330 · Incorporated 10 Sep 2013

Bangor Fuels Limited

Registered name: BANGOR FUELS LIMITED

Part of Angel Holdings (N.i.) Limited group

Bangor Fuels Limited made £36m revenue and a £1.2m loss in the year to 31 Oct 2025.

Bangor Fuels Limited’s revenue fell 10% to £36m in the year to 31 Oct 2025, with a loss of £1.2m and 81 employees. The company is classified under “sale of used cars and light motor vehicles” and is based in Bangor; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45112Sale of used cars and light motor vehicles SIC 45200Maintenance and repair of motor vehicles SIC 46120Agents involved in the sale of fuels, ores, metals and industrial chemicals

Status: Active
Location: Bangor, Northern Ireland
Age: 13 yrs · since 2013
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.

Latest accounts · year to 31 Oct 2025

Key figures

Revenue

£36m

Growth ▼10.2%

Profit

−£1.2m

Growth ▼495.7%

Profit margin

−3.4%

Gross 10.7%

Employees

Change ▲14.1%

Profit / employee

−£14.9k

Revenue/employee £444k

Profitable streak

0yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£36.3m	£41.3m	£40.1m	£36m
Cost of sales	£32m	£36.5m	£35.3m	£32.1m
Gross profit	£4.3m	£4.8m	£4.8m	£3.9m
Operating profit	£610k	£685k	£505k	−£1.1m
Profit before tax	£568k	£649k	£464k	−£1.2m
Profit after tax	—	£648k	£304k	—
Profit (best available)	£568k	£648k	£304k	−£1.2m
Staff costs	£1.8m	£2.1m	£2.3m	£2.8m
Employees (average)	67	61	71	81
Ratios
Profit margin	1.6%	1.6%	0.8%	−3.4%
Gross margin	11.9%	11.6%	12%	10.7%
Revenue per employee	£543k	£676k	£565k	£444k
Profit per employee	£8.5k	£10.6k	£4.3k	−£14.9k
Cash conversion	—	219.3%	188.8%	—
Growth (year on year)
Revenue growth	—	▲13.5%	▼2.8%	▼10.2%
Profit growth	—	▲14%	▼53%	▼495.7%
Headcount growth	—	▼9%	▲16.4%	▲14.1%
Balance sheet — indirect signals, not revenue
Cash at bank	—	£1.2m	−£1.3m	—
Net assets	£2.4m	£3m	£3.3m	£2.2m
Fixed assets	£3.2m	£3.2m	£3.5m	£3.9m
Current assets	£6.1m	£6.5m	£7.2m	£6.8m
Debtors	£12.4k	£43.3k	£50.1k	£33.5k
Cash from operations	—	£1.5m	£954k	—
Source	Accounts · bulk data May 2024	Accounts · bulk data May 2024	Reports and Financial Statements · bulk data May 2025	Reports and Financial Statements · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: −3.4%; Profit ÷ revenue.
Gross margin: 10.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £444k; Revenue ÷ average employees.
Profit per employee: −£14.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.1%; 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: ▼32%; Now £2.2m
Cash at bank: —; Now —
Headcount: ▲14%; Now 81
Deferred income: —; Now —
Fixed assets: ▲12%; Now £3.9m

Corporate ownership

Group structure

Ownership chain

Angel Holdings (N.i.) Limitedultimate parent75–100%
Bangor Fuels Limitedthis company

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

Sister companies (1)

Fusco (N.i.) LimitedFigures not disclosed

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from Reports and Financial Statements for the year to 31 Oct 2025 (profit −£1.2m), from the Companies House accounts bulk data published Jul 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.