OLA ENERGY ETHIOPIA LIMITED
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Cash
£20M
-49.9% vs 2023
Net assets
£23M
+1.4% vs 2023
Employees
—
Average over period
Profit before tax
£24M
+14% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £788,309,858 | £567,727,178 | -28% | |
| Operating profit | £21,439,264 | £17,355,303 | -19% | |
| Profit before tax | £20,802,208 | £23,704,480 | +14% | |
| Net profit | £14,654,183 | £16,886,635 | +15.2% | |
| Cash | £39,150,571 | £19,609,996 | -49.9% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £22,939,403 | £23,253,988 | +1.4% | |
| Equity | £22,939,403 | £23,253,988 | +1.4% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.7% | 3.1% | |
| Net margin | 1.9% | 3.0% | |
| Gearing (liabilities / total assets) | 72.3% | 65.2% | |
| Current ratio | 1.38x | 1.45x | |
| Interest cover | 12.15x | 14.06x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- OLA ENERGY ETHIOPIA LIMITED 2021-11-01 → present
- LIBYA OIL ETHIOPIA LIMITED 2008-11-25 → 2021-11-01
- SHELL ETHIOPIA LIMITED 1929-11-20 → 2008-11-25
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- A.A Bromhead Certified Audit Firm
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors confirm that they have complied with these requirements and, having a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, continue to adopt the going concern basis in preparing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELMGHTOUF, Fawzi Mukthar Ramadan | Director | 2025-12-11 | Jan 1969 | Libyan |
| GENDIL, Abdalla Ibrahim Ghaith | Director | 2025-01-19 | Jan 1961 | Libyan |
| KAZOUZ, Salem | Director | 2024-06-26 | Feb 1980 | Libyan |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PENFOLD, Diane June | Secretary | — | 1994-09-30 |
| RAIVADERA, Dipa | Secretary | 1994-10-03 | 1997-11-26 |
| SHELL CORPORATE SECRETARY LIMITED | Corporate Secretary | 1997-11-26 | 2008-11-14 |
| VELOCITY COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2008-11-14 | 2021-11-01 |
| ABUGHADADA, Yousef | Director | 2025-01-19 | 2025-11-14 |
| AHTIBA, Abdussalam Yunes | Director | 2008-11-14 | 2014-03-28 |
| ANKERS, Peter | Director | — | 1993-11-30 |
| BAGGAR, Ibrahim Mohamed Hadi | Director | 2010-10-17 | 2014-03-28 |
| BARRY, Papa Issa | Director | 2024-06-26 | 2025-12-11 |
| BERNOTAT, Wulf Hinrich, Doctor | Director | — | 1995-03-24 |
| CARTER, Veronica Alison | Director | 1996-03-12 | 1996-07-16 |
| DETHERIDGE, Alan | Director | 1994-08-01 | 1996-03-12 |
| DRYSDALE ANDERSON, Donald Samuel | Director | 1998-02-27 | 1999-04-14 |
| ELHEMMALI, Yousef | Director | 2021-09-08 | 2024-06-26 |
| GATISS, Howard Charles | Director | 1996-03-12 | 1997-09-15 |
| GOLDSMITH, Alan | Director | — | 1993-01-18 |
| GRASSO, Willem Hendrik August | Director | 1995-04-24 | 1996-03-12 |
| GREEN, David Norman | Director | 1993-12-01 | 1996-03-12 |
| HAIDARA, Moulaye Ali | Director | 2020-01-27 | 2024-06-26 |
| HASSAN, Elnass Khalifa Ali | Director | 2010-10-17 | 2014-03-28 |
| KALAM, Sedick | Director | 1996-10-31 | 1997-09-29 |
| KASHIM, Elmarimi Ali Ali | Director | 2012-03-02 | 2020-01-27 |
| KOOL, Frederik Hendrik | Director | 1996-08-23 | 2000-07-27 |
| LEYRAUD, Bernard Henri Auguste | Director | 1996-03-12 | 2000-06-30 |
| OGUNGBEMI, Banji Emmanuel | Director | 1997-10-03 | 2000-03-07 |
| PEARSE, Rodney Taunton | Director | 1993-01-18 | 1994-08-01 |
| REICH, Rainer | Director | 1996-09-24 | 1998-02-15 |
| RICHARDS, Wendy | Director | 1996-03-12 | 1996-07-22 |
| SAID, Elhashmi Omar | Director | 2010-10-17 | 2014-03-28 |
| SAMIN, Omar Elfarok | Director | 2017-09-01 | 2021-09-08 |
| SANTOLAYA, Jose Antonio | Director | 1999-01-19 | 2000-05-18 |
| SCHOTHORST, Reijer | Director | 1999-05-17 | 2000-06-30 |
| TAYLOR, Trudy | Director | 1996-07-16 | 1996-10-31 |
| TEN BRINK, Martinus Jacobus | Director | 1997-09-29 | 1999-03-01 |
| LIBYA OIL KENYA LIMITED | Corporate Director | 2012-03-02 | 2014-03-28 |
| LOHL CORPORATE DIRECTOR LTD | Corporate Director | 2014-03-28 | 2017-09-01 |
| SHELL CORPORATE DIRECTOR LIMITED | Corporate Director | 2000-02-28 | 2008-11-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Libyan Investment Authority | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 211 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-10 | AA | accounts | Accounts with accounts type full | |
| 2025-04-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-13 | SH01 | capital | Capital allotment shares | |
| 2024-10-06 | AA | accounts | Accounts with accounts type full | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.