NEO NEXT+ ENERGY E&P UK LIMITED
Operating as the exploration and production arm of the NEO NEXT+ group, this private company is an independent North Sea oil and gas producer jointly backed by TotalEnergies, HitecVision, and Repsol.
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Cash
—
Latest balance sheet
Net assets
£54m
+1.5% vs 2024
Employees
625
-7% lowest in 3 filed years
Profit before tax
£222m
-16.1% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
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.
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 | £1,061,762,000 | £793,309,000 | £691,834,000 | -12.8% | |
| Operating profit | £559,628,000 | £300,887,000 | £261,330,000 | -13.1% | |
| Profit before tax | £547,326,000 | £264,614,000 | £221,991,000 | -16.1% | |
| Net profit | £226,235,000 | £70,818,000 | £14,670,000 | -79.3% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £1,562,233,000 | £1,537,505,000 | £1,566,051,000 | +1.9% | |
| Net assets | £143,621,000 | £53,448,000 | £54,276,000 | +1.5% | |
| Equity | £143,621,000 | £53,448,000 | £54,276,000 | +1.5% | |
| Average employees | 693 | 672 | 625 | -7% | |
| Wages | £84,702,000 | £84,789,000 | £79,927,000 | -5.7% | |
| 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 52.7% | 37.9% | 37.8% | |
| Net margin | 21.3% | 8.9% | 2.1% | |
| Return on capital employed | 35.8% | 19.6% | 16.7% | |
| Gearing (liabilities / total assets) | 93.0% | 97.3% | 97.4% | |
| Current ratio | 2.40x | 2.80x | 1.35x | |
| Interest cover | 9.54x | 3.85x | 3.56x |
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 5 times since incorporation — the current trading name was adopted 2026-03-30
- NEO NEXT+ ENERGY E&P UK LIMITED 2026-03-30 → present
- TOTALENERGIES E&P UK LIMITED 2021-06-01 → 2026-03-30
- TOTAL E&P UK LIMITED 2007-01-15 → 2021-06-01
- TOTAL E&P UK PLC 2003-05-07 → 2007-01-15
- TOTALFINAELF EXPLORATION UK PLC 2000-06-29 → 2003-05-07
- TOTAL OIL MARINE P L C 1964-07-08 → 2000-06-29
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have no reason to believe that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”
Significant events
- “On 30th March 2026, TotalEnergies completed the merger between NEO NEXT and TotalEnergies' UK Upstream Oil & Gas business to create NEO NEXT+.”
- “The pre-existing agreement to sell West of Shetland assets to The Prax Group completed on the 26th of March 2026.”
- “On 15th May 2026, the Company signed a Sale and Purchase Agreement to transfer various Company JV equity interests to fellow group companies which legally completed on 1st July 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 77 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCINTOSH, Andrew Graham | Secretary | 2026-03-30 | — | — |
| BURNESS PAULL LLP | Corporate Secretary | 2026-03-30 | — | — |
| GAIR, Robert Huw | Director | 2026-03-30 | Oct 1980 | British |
| MCINTOSH, Andrew Graham | Director | 2026-03-30 | Jul 1973 | British |
| PAYER, Nicolas Bertrand | Director | 2023-01-09 | Sep 1965 | French |
| RIGARDO, Ferdinando | Director | 2026-03-30 | Feb 1965 | Italian |
Show 77 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEGG-SAFFAR, Mary | Secretary | 2007-09-01 | 2011-07-22 |
| BESANCON, Marie Anne | Secretary | 2004-09-01 | 2007-09-01 |
| DERWORIZ, Deidre | Secretary | 2022-08-22 | 2024-09-07 |
| EIDE, Henning | Secretary | 2017-10-01 | 2018-05-21 |
| FRASER, Anne-Marie | Secretary | 2021-12-13 | 2022-04-04 |
| GARCIA, Serge Christian Jose | Secretary | 2011-07-22 | 2014-07-31 |
| GOW, Angus Stephen | Secretary | 1997-03-27 | 2001-08-13 |
| MILLS, Michael John Worcester | Secretary | — | 1997-03-27 |
| PORTER, Lewis | Secretary | 2019-03-18 | 2022-08-22 |
| POWELL, Andrew David | Secretary | 2014-07-31 | 2017-10-01 |
| VASS, Sarah | Secretary | 2024-09-07 | 2026-03-30 |
| WALTON, John Mcpherson Stewart | Secretary | 2001-08-13 | 2004-09-01 |
| WILSON, Bryan | Secretary | 2018-07-02 | 2019-03-18 |
| AGNES, Frederic | Director | 2015-08-24 | 2019-01-15 |
| AIT SAID, Azzize | Director | 1996-01-10 | 1996-09-26 |
| ALAMARGOT, Hugues Pierre-Andre | Director | 2024-10-01 | 2026-03-30 |
| BAUQUIS, Pierre Rene | Director | — | 1994-11-15 |
| BENEZIT, Michel | Director | 2003-09-01 | 2006-04-01 |
| BENEZIT, Michel Victor Leon Marie | Director | 1999-08-02 | 2000-10-16 |
| BOESEN, Karen Dyrskjot | Director | 2018-07-02 | 2020-08-24 |
| BOFFETY, Agnes Marie Jeanne | Director | 2001-08-13 | 2003-08-25 |
| BORRELL, Michael Simon | Director | 2015-03-01 | 2020-06-30 |
| BOUSQUET, Pierre Henri Rene | Director | 2012-09-01 | 2015-08-24 |
| BRICE, Claude Robert | Director | — | 1996-02-26 |
| BURGIN, Patrick Leslie | Director | — | 1994-03-03 |
| CARR, Michael Derek | Director | — | 1995-08-14 |
| CASTAIGNE, Robert Paul Marie Louise | Director | — | 2003-03-14 |
| CONTIE, Michel Jean Marcel, Mr. | Director | 2000-06-01 | 2009-07-09 |
| DANTZIC, Roy Matthew | Director | 1995-08-25 | 1996-05-07 |
| DARMOIS, Gilles Francois Guirec | Director | 2000-11-01 | 2002-11-29 |
| DARRICARRERE, Yves Louis Charles Justin | Director | 2000-11-01 | 2003-09-01 |
| DE BOOS-SMITH, Alan Phillip | Director | 1994-03-15 | 1998-04-01 |
| DE MARTIN DE VIVIES, Partice Philippe | Director | 2009-07-09 | 2015-03-01 |
| DE WENDEL, Humbert | Director | 2003-03-14 | 2006-09-01 |
| DECUBBER, Stephane Michel Jean Francois | Director | 2020-08-24 | 2024-10-01 |
| DESMAREST, Thierry | Director | — | 1995-05-31 |
| DUNDAS, Ian | Director | 2002-03-15 | 2003-03-14 |
| DUNDAS, Ian | Director | 1996-09-20 | 2000-10-16 |
| EDWARDS, Frank Douglas | Director | — | 1996-09-19 |
| FESTOR, Roland | Director | 2006-03-08 | 2011-09-01 |
| FORMERY, Marc Louis Antoine | Director | 2000-11-23 | 2003-10-31 |
| FOURNIER, Jean Raymond Joseph | Director | 2005-09-02 | 2008-09-04 |
| FRASER, Peter Lovat, Lord | Director | 2000-11-01 | 2003-03-14 |
| GIRES, Jean-Michel Marie | Director | 1998-09-15 | 2000-03-31 |
| GUIZIOU, Jean-Luc | Director | 2018-05-01 | 2026-01-31 |
| GUIZIOU, Jean-Luc | Director | 2006-09-01 | 2009-06-11 |
| GUYS, Philippe Marie François Raymond | Director | 2011-09-01 | 2015-11-09 |
| HENDERSON, Charles Edward | Director | 1998-09-01 | 2005-06-22 |
| HODGSON, Adrian Collin Cuthbert | Director | 2000-11-01 | 2001-12-31 |
| HOWAT, Ian Alexander | Director | 1996-03-18 | 2003-03-14 |
| JACQUIN DE MARGERIE, Christopher Gabriel Jean-Marie | Director | 1999-08-02 | 2000-10-16 |
| JONES, Thomas Philip, Sir | Director | — | 1998-07-31 |
| JOUHET, Daniel Alain | Director | 2000-11-01 | 2001-08-06 |
| KING, Henry Edward St Leger | Director | 1997-02-03 | 2002-03-16 |
| L'EBRALY, Emmanuel Marie Gabriel | Director | 2017-09-09 | 2018-07-02 |
| LALLIER, Lucien | Director | 1994-06-01 | 1999-01-18 |
| LALLIER, Lucien | Director | 1994-06-01 | 1999-07-15 |
| LE FOLL, Arnaud | Director | 2020-07-01 | 2023-01-03 |
| LEPINOY, Bertrand Yves Bruno | Director | 2003-08-25 | 2005-09-02 |
| LOBADOWSKY, Dimitri Maxime | Director | 2019-01-15 | 2023-10-09 |
| MADEC, Alain Jean | Director | 2002-10-18 | 2003-03-14 |
| MAREEL, Thomas Marc | Director | 2023-10-09 | 2026-03-30 |
| MATTENET, Charles | Director | 1994-06-01 | 2000-10-16 |
| MULS, Jean-Michel Henry Fernand | Director | 1999-08-02 | 2000-10-16 |
| OPIZZI, Martina | Director | 2026-02-01 | 2026-03-30 |
| POUTHAS, Alain | Director | 2014-09-01 | 2017-09-09 |
| PROUST-VAN HEESWIJK, Elisabeth Francoise | Director | 2015-11-09 | 2018-05-01 |
| RENOUARD, Dominique Marie Pierre Augustin | Director | — | 1995-03-13 |
| ROCHOUX, Philippe Jean-Marie | Director | 2012-09-03 | 2014-09-01 |
| ROLFSEN, Rolf Erik | Director | 1997-02-03 | 2000-10-16 |
| SBRAIRE, Jean-Pierre Gerard Claude | Director | 2009-06-11 | 2012-09-01 |
| URWIN, Roger John, Dr | Director | 1994-11-25 | 2002-10-18 |
| VAILLAUD, Pierre Claude | Director | — | 1992-07-03 |
| VALOT, Daniel Louis | Director | 1995-07-10 | 1999-05-14 |
| VERMEULEN, Jean-Luc | Director | 2000-11-01 | 2003-03-14 |
| VILLEDEY, Alain | Director | 2008-09-04 | 2012-09-03 |
| VITRY, Bernard | Director | 1999-01-18 | 2000-06-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Neo Next+ Energy Ep Company Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-30 | Active |
| Totalenergies Upstream Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2026-01-30 |
Filing timeline
Last 20 of 321 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-30 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-07-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-25 | CH01 | officers | Change person director company with change date | |
| 2026-04-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | PSC05 | persons-with-significant-control | Change to a person with significant control without name date | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-04-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-30 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-03-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 5
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.