AZULE ENERGY EXPLORATION (ANGOLA) LIMITED
Formerly known as BP Exploration (Angola) Limited, the company operates as a subsidiary of the BP and Eni joint venture Azule Energy Holdings Limited, focusing on the exploration and extraction of crude petroleum in Angola.
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Cash
£17M
USD 22,815,000
-55.8% lowest in 3 filed years
Net assets
£2.4B
USD 3,170,484,000
+8.6% vs 2024
Employees
—
Average over period
Profit before tax
£862M
USD 1,147,459,000
-26.2% lowest in 3 filed years
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,631,199,489 | £1,632,290,071 | £1,307,586,751 | -19.9% | |
| Operating profit | £1,201,366,231 | £1,136,646,387 | £879,835,511 | -22.6% | |
| Profit before tax | £1,230,144,960 | £1,167,443,293 | £861,843,924 | -26.2% | |
| Net profit | £880,103,650 | £833,964,999 | £509,493,766 | -38.9% | |
| Cash | £73,952,231 | £38,799,009 | £17,136,097 | -55.8% | |
| Total assets less current liabilities | £4,872,844,374 | £3,282,712,934 | £3,569,469,731 | +8.7% | |
| Net assets | £3,767,161,634 | £2,193,135,046 | £2,381,315,908 | +8.6% | |
| Equity | £3,767,161,634 | £2,193,135,046 | £2,381,315,908 | +8.6% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | £0 | — |
Figures converted to GBP from USD at 0.751 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 73.6% | 69.6% | 67.3% | |
| Net margin | 54.0% | 51.1% | 39.0% | |
| Return on capital employed | 24.7% | 34.6% | 24.6% | |
| Gearing (liabilities / total assets) | 28.1% | 38.9% | — | |
| Current ratio | 8.90x | 4.72x | 6.41x | |
| Interest cover | 33.69x | 25.96x | 18.44x |
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 3 times since incorporation
- AZULE ENERGY EXPLORATION (ANGOLA) LIMITED 2023-04-13 → present
- BP EXPLORATION (ANGOLA) LIMITED 1993-07-12 → 2023-04-13
- BP EXPLORATION (EQUATORIAL GUINEA) LIMITED 1992-12-15 → 1993-07-12
- CLYDE CHARTER COMPANY LIMITED 1958-11-24 → 1992-12-15
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “On 28 February 2026, a military conflict began between the United States of America, Israel, and Iran. This conflict has led to significant volatility in global oil prices, disruptions in Middle East supply routes including the closure of the Strait of Hormuz and broader macroeconomic and geopolitical uncertainty. Despite these developments, the Company does not expect any material operational disruptions or adverse financial impacts.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 54 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MEREDITH, Darren | Secretary | 2024-07-02 | — | — |
| GHEDI, Nicola | Director | 2023-04-05 | Nov 1976 | Italian |
| KLEIN, Anchala | Director | 2026-05-13 | Sep 1968 | British |
| MAZZONI, Federico | Director | 2025-09-24 | Jan 1973 | Italian |
| MURPHY, Joseph Richard | Director | 2022-08-01 | Jun 1972 | British |
Show 54 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Yasin Stanley | Secretary | 2006-02-01 | 2010-06-30 |
| CUMMING, Robert Cameron | Secretary | 1992-12-05 | 2002-03-31 |
| ELVIDGE, Janet | Secretary | 2004-08-01 | 2006-02-01 |
| ENG, Christopher Kuangcheng Gerald | Secretary | 2009-03-23 | 2010-06-30 |
| HEMMENS, Philip Duncan | Secretary | 2023-03-02 | 2024-07-02 |
| TOOLEY, Roy Leslie | Secretary | 2002-02-11 | 2004-08-01 |
| WATTS, Julian John | Secretary | — | 1992-12-05 |
| SUNBURY SECRETARIES LIMITED | Corporate Secretary | 2010-07-01 | 2022-08-01 |
| AGGOGERI, Nicolo' | Director | 2022-08-01 | 2023-04-05 |
| ALEXANDER, Ralph Charles | Director | 2001-09-01 | 2002-06-01 |
| ALLEN, David Christopher, Dr | Director | 1997-09-01 | 1999-02-28 |
| BAMFORD, Samuel Arnold David | Director | 1995-09-01 | 1998-08-31 |
| BARTLETT, John Harold, Mr. | Director | 2015-07-08 | 2016-01-01 |
| BASTOS, Adriano | Director | 2020-07-01 | 2022-08-01 |
| BENTLEY, Mark Traill | Director | — | 1992-07-17 |
| BLY, Mark Robert | Director | 2001-09-01 | 2003-02-03 |
| BLYTHE, James Stephen | Director | 2011-05-04 | 2014-12-01 |
| BRYANT, Joseph Hugh | Director | 2001-09-01 | 2004-09-01 |
| CHAPMAN, Douglas Patrick | Director | 1992-07-17 | 1992-12-05 |
| DUDLEY, Robert Warren | Director | 2002-08-01 | 2003-03-01 |
| DUPREE, James Henry | Director | 2006-11-01 | 2007-05-01 |
| EYTON, David Geoffrey Philip | Director | 1999-06-01 | 1999-12-01 |
| FEARNLEY, Robert Carl | Director | 2007-08-01 | 2011-05-04 |
| FIDLER, Michael Stephen | Director | 2023-03-16 | 2025-09-24 |
| FRYAR, Robert Thomas | Director | 2009-02-01 | 2011-05-18 |
| GOLDEN, Jack Emitt, Dr | Director | 1999-03-01 | 1999-09-20 |
| GRAYSON, Richard Charles | Director | — | 1992-12-05 |
| GROTE, Byron Elmer, Doctor | Director | 1996-03-12 | 1997-07-01 |
| HERBERT, Richard | Director | 2015-10-01 | 2016-05-27 |
| HERBERT, Richard | Director | 2001-03-01 | 2001-08-31 |
| HOSTLER, Kevin | Director | 2000-05-01 | 2001-08-31 |
| JONES, Alan Morrison | Director | 1998-07-01 | 2000-04-30 |
| LITTLE, Adam Charles | Director | 2004-12-22 | 2007-08-01 |
| LYNCH JR, John Edward | Director | 2003-03-01 | 2006-08-01 |
| LYONS, Jan Clayton | Director | 2020-10-01 | 2021-04-06 |
| MACLENNAN, Karen | Director | 2020-03-15 | 2022-08-01 |
| MACRAE, Sandra Jean | Director | 2016-01-01 | 2020-08-28 |
| MARSHALL, Stephen | Director | 2000-05-01 | 2001-08-31 |
| MARTIN, Alan Philip | Director | 2011-05-18 | 2015-10-01 |
| MAYSON, Howard John | Director | 1998-10-01 | 2000-12-01 |
| MEHTA, Hiten Jekisandas | Director | 2022-08-01 | 2023-03-16 |
| MONGINI, Adriano | Director | 2022-08-01 | 2025-11-30 |
| MORRIS, Martyn | Director | 2010-11-01 | 2015-02-01 |
| MORRIS, Robin Dale | Director | 2002-08-01 | 2003-02-03 |
| RIDER, David Alan | Director | 2014-12-01 | 2020-03-15 |
| SCHRADER, William George | Director | 2004-09-01 | 2006-11-01 |
| SHAFER MALICKI, Mary Louise | Director | 2007-05-15 | 2009-02-01 |
| TALLENTS, Adrienne Christine | Director | 1994-12-09 | 1999-07-31 |
| URBAN, Scott Douglas | Director | 1999-09-10 | 2001-08-31 |
| VANN, Ian Roland | Director | 1992-12-05 | 1995-09-01 |
| WALKER, John Stephen | Director | 1992-12-05 | 1994-12-09 |
| WHITING, Lindsay Ann | Director | 2021-04-06 | 2022-08-01 |
| WILLIS, Darryl Keith | Director | 2015-02-01 | 2017-03-01 |
| WILLIS, Stephen | Director | 2017-05-01 | 2020-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Azule Energy Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-09 | Active |
| Angola Jvco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-05-24 | Ceased 2023-03-09 |
| Bp Exploration Operating Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-05-24 |
Filing timeline
Last 20 of 283 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-04-13 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-06 | AA | accounts | Accounts with accounts type full | |
| 2026-05-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-28 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-11 | AA | accounts | Accounts with accounts type full | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-07-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-13 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-03-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- 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.