How much does Carnegie Fuels Limited make?

Carnegie Fuels Limited reported revenue of £45.3m and £1.8m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Carnegie Fuels Limited have?

Carnegie Fuels Limited reported an average of 27 employees in the year to 31 Dec 2025.

Is Carnegie Fuels Limited profitable?

Yes — Carnegie Fuels Limited reported a profit of £1.8m in the year to 31 Dec 2025.

Company No. SC074381 · Incorporated 3 Apr 1981

Carnegie Fuels Limited

Registered name: CARNEGIE FUELS LIMITED

Part of Highland Fuels Trustees Limited group

Carnegie Fuels Limited made £45.3m revenue and £1.8m profit in the year to 31 Dec 2025. read from filing text

Carnegie Fuels Limited’s revenue was £45.3m in the year to 31 Dec 2025, with £1.8m profit and 27 employees. The company is classified under “wholesale of other fuels and related products” and is based in Aberdeen; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46719Wholesale of other fuels and related products

Status: Active
Location: Aberdeen, Scotland
Age: 45 yrs · since 1981
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. From the filing: “The immediate parent company is Carnegie Fuels Holdings Limited, a company registered in Scotland.”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£45.3m

Growth —

Profit

£1.8m

Growth —

Profit margin

3.9%

Gross 15.5%

Employees

Change —

Profit / employee

£65k

Revenue/employee £1.7m

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2023	30 Jun 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£33.9m	£32.9m	£45.3m
Cost of sales	£29.1m	£28.1m	£38.2m
Gross profit	£4.8m	£4.8m	£7m
Operating profit	£1.6m	£939k	£1.7m
Profit before tax	£1.6m	£887k	£1.6m
Profit after tax	£1.3m	£531k	£1.8m
Profit (best available)	£1.3m	£531k	£1.8m
Staff costs	£1.3m	£1.4m	£2.1m
Employees (average)	30	33	27
Ratios
Profit margin	3.8%	1.6%	3.9%
Gross margin	14.1%	14.7%	15.5%
Revenue per employee	£1.1m	£997k	£1.7m
Profit per employee	£42.9k	£16.1k	£65k
Cash conversion	−146.2%	−115.6%	—
Growth (year on year)
Revenue growth	—	▼2.9%	—
Profit growth	—	▼58.7%	—
Headcount growth	—	▲10%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£330k	£874k
Net assets	£8.2m	£8.6m	£1.6m
Fixed assets	£8m	£9m	£1.8m
Current assets	£3.9m	£3.1m	£3.2m
Debtors	£1.8m	£2.1m	£1.8m
Cash from operations	−£2.4m	−£1.1m	—
Source	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 3.9%; Profit ÷ revenue.
Gross margin: 15.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.7m; Revenue ÷ average employees.
Profit per employee: £65k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.9%; 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: —; Now £1.6m
Cash at bank: —; Now £874k
Headcount: —; Now 27
Deferred income: —; Now —
Fixed assets: —; Now £1.8m

Corporate ownership

Group structure

Ownership chain

Highland Fuels Trustees Limitedultimate parent50–75%
Highland Fuels (Investments) Limited75–100%
Highland Fuels Holdings Limited75–100%
Highland Fuels Limited75–100%
Project Red Holdco 1 Limited75–100%
Carnegie Fuels Holdings Limited75–100%
Carnegie Fuels 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.8m), from the Companies House accounts bulk data published Sep 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.