SIP LIMITED
Company number 02185735 · Monitor this company
Executive summary
SIP Limited is a strategically positioned niche player in specialty petroleum products, leveraging 37 years of technical expertise and organizational agility to command margins unavailable to commodity wholesalers. The 2024 profit recovery validates the 2023 restructuring, and sustainability credentials provide a commercially exploitable differentiator. However, the near-total depletion of cash reserves—from £2.1M to £106k over two years—represents a material constraint on the organic growth strategy the company is pursuing, and must be addressed before working capital demands of market expansion erode operational resilience further.
Shareholders' funds
£5,630,376
Balance sheet as at 2024-12-31
What it does
The principal activity of the company continued to be the wholesale of petroleum and petroleum products.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1987-10-30
- Employees
- 20 (2024 accounts · was 21 in 2023)
- Registered office
- #270 China Works, 100 Black Prince Road, London, United Kingdom, SE1 7SJ
- Postcode
- SE1 7SJ
- Capital
- 100,000 GBP
- Accounts category
- Full
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 30 December
Confirmation statement
- Last statement dated
- 2026-06-14
- Next due by
- 2027-06-28
Nature of business (SIC)
- 46711 Wholesale of petroleum and petroleum products
Officers 4 current · 15 resigned
Contact details
- Website
- sip.com
SIP is an independent marketer of specialty oils and fluids. We reliably deliver specified product solutions backed by wide-ranging technical and industry expertise.
Previous company names
| Name | Date changed |
|---|---|
| RAPID 4203 LIMITED | 1987-12-16 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| 35 OLD QUEEN STREET, LONDON, SW1H 9JA | 1994-03-02 |
| 112 JERMYN STREET, LONDON, SW1Y 6LS | 1990-04-19 |
| 124-128 CITY ROAD, LONDON, EC1V 2NJ | 1988-01-14 |
Among its peers
Top 25%
by shareholders' funds, of 13 similar companies in SE
Among the biggest employers among its local peers (20 staff).
2nd oldest of its local peers, trading since 1987.
Competitors London
-
6. LOYN LTD
This company ranks 2 among wholesale of petroleum and petroleum products in London.
The class of 1987
51%
of the 20,106 companies incorporated in 1987 are still active today; 42% have since been dissolved.
A fact about the year, not a forecast for this company.