NEO NEXT+ ENERGY E&P UK LIMITED

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -25.3%

  £1,061,762,000 → £793,309,000

• Cash

  —

  Not reported

• Net assets

  -62.8%

  £143,621,000 → £53,448,000

• Employees

  -3%

  693 → 672

• Operating profit

  -46.2%

  £559,628,000 → £300,887,000

• Profit before tax

  -51.7%

  £547,326,000 → £264,614,000

• Wages

  +0.1%

  £84,702,000 → £84,789,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. NEO NEXT+ ENERGY E&P UK LIMITED 2026-03-30 → present
2. TOTALENERGIES E&P UK LIMITED 2021-06-01 → 2026-03-30
3. TOTAL E&P UK LIMITED 2007-01-15 → 2021-06-01
4. TOTAL E&P UK PLC 2003-05-07 → 2007-01-15
5. TOTALFINAELF EXPLORATION UK PLC 2000-06-29 → 2003-05-07
6. TOTAL OIL MARINE P L C 1964-07-08 → 2000-06-29

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company currently has enough financial resources to sustain current operations. The main debtor of the Company is a cash on account balance with a fellow group company. There are no concerns over the recoverability of this amount, and it will be sufficient to cover any obligations that the Company has in the period to 31 December 2026 and, as such, the Directors believe that it is appropriate to continue to adopt the going concern basis of accounting in preparing the annual financial statements. Furthermore, the Company is a member of the Group cash pooling arrangement, and the Directors are satisfied that these arrangements will remain in place at least for the period to 31 December 2026.”

Significant events

• “On 27th June 2024, TotalEnergies signed an agreement with The Prax Group to sell its entire shareholding in the West of Shetland assets in the United Kingdom (Laggan, Tormore, Glenlivet, Edradour and Glendronach fields, the onshore Shetland Gas Plant and nearby exploration licences).”
• “Following the announcements at the end of June 2025 indicating that certain companies within the Prax Group have been placed into Administration (State Oil Limited) or Liquidation (Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited, and Prax Terminals Killingholme Limited), the Directors are evaluating the situation and its impact on the transaction with Prax.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

19

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.