Prince Petroleum Limited

Prince Petroleum Limited, based in Melton Mowbray, UK, is a sizable company with a 62-year history, currently employing 23 people. The company, a holding company with an active status, holds assets worth £11,113,318 and generates an impressive £88,756,278 in yearly revenue. It has five directors and one owner, and enjoys a perfect 5.0 Google rating from 13 reviews. The company is an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances, with the last import operation occurring two months ago.

Prince Petroleum operates as a fuel and oil supplier, catering to both commercial and domestic customers. Its website showcases a wide range of services, including fuel product sales, agricultural fuel supplies, emergency fuel delivery, and even tank sales. The company also offers specialized services like fuel tank telemetry and sustainable fuel options, including HVO fuel and carbon offsetting. It appears to have a strong focus on customer service, emphasizing its family-owned heritage and reliability.

Financially, Prince Petroleum shows a mixed picture. While current assets increased by 22%, net assets decreased by 1.9%. Bank borrowings decreased by 23%, while cash bank on hand increased by a substantial 120%. Creditors increased by 18%, suggesting a need to manage short-term liabilities. The company’s turnover increased by 21%, indicating growth in sales, but net profit decreased by 40%, which could be due to increased costs. The company’s average number of employees increased by 22%, which may reflect increased business activity. The accounts are audited, and MHA is the statutory auditor.

Registered in England/Wales under the registration number 00749966, with a registered address at LE14 3BH, England, Melton Mowbray, The Broughton Lodge Oil Depot Station Road, Upper Broughton.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.