NEO NEXT + ENERGY RESOURCES UK LIMITED
NEO NEXT + Energy Resources UK Limited is an independent North Sea oil and gas producer formed through the merger of the UK upstream assets of TotalEnergies, Repsol, and HitecVision-backed NEO Energy.
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Cash
£2.3m
USD 3,128,000
-99.9% lowest in 3 filed years
Net assets
£1.1bn
USD 1,447,456,000
-4.1% lowest in 3 filed years
Employees
679
-4.4% lowest in 3 filed years
Profit before tax
£328m
USD 441,437,000
+937.3% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs 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 | £801,243,332 | £152,843,840 | £75,910,946 | -50.3% | |
| Operating profit | £163,283,652 | -£44,082,299 | -£188,607,792 | -327.9% | |
| Profit before tax | £167,957,327 | -£39,125,279 | £327,597,032 | +937.3% | |
| Net profit | £507,005,020 | -£32,269,182 | £861,490,909 | +2,769.7% | |
| Cash | £1,751,448,070 | £1,894,032,155 | £2,321,336 | -99.9% | |
| Total assets less current liabilities | £3,441,557,891 | £1,649,067,972 | £1,631,816,698 | -1% | |
| Net assets | £1,398,837,465 | £1,119,905,285 | £1,074,178,850 | -4.1% | |
| Equity | £1,398,837,465 | £1,119,905,285 | £1,074,178,850 | -4.1% | |
| Average employees | 855 | 710 | 679 | -4.4% | |
| Wages | £87,223,094 | £92,156,956 | £78,587,755 | -14.7% | |
| Directors' remuneration | £49,420 | £393,187 | £1,956,957 | +397.7% | |
| Highest paid director | £49,420 | £193,410 | £1,300,186 | +572.2% |
Figures converted to GBP from USD at 0.742 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 | 20.4% | -28.8% | — | |
| Net margin | 63.3% | -21.1% | — | |
| Return on capital employed | 4.7% | -2.7% | -11.6% | |
| Gearing (liabilities / total assets) | 63.6% | 65.4% | 61.3% | |
| Current ratio | 5.36x | 5.44x | — | |
| Interest cover | 1.73x | -0.42x | -2.28x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 7 times since incorporation — the current trading name was adopted 2026-04-02
- NEO NEXT + ENERGY RESOURCES UK LIMITED 2026-04-02 → present
- NEO ENERGY RESOURCES UK LIMITED 2025-08-04 → 2026-04-02
- REPSOL RESOURCES UK LIMITED 2023-11-08 → 2025-08-04
- REPSOL SINOPEC RESOURCES UK LIMITED 2016-07-04 → 2023-11-08
- TALISMAN SINOPEC ENERGY UK LIMITED 2012-12-17 → 2016-07-04
- TALISMAN ENERGY (UK) LIMITED 1995-01-13 → 2012-12-17
- BOW VALLEY PETROLEUM (U.K.) LIMITED 1989-09-01 → 1995-01-13
- BOW VALLEY EXPLORATION (U.K.) LIMITED 1964-11-03 → 1989-09-01
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of the above analysis, the directors consider it appropriate to adopt the going concern basis of accounting in preparing the Report and the Financial statements.”
Group structure
- NEO NEXT + ENERGY RESOURCES UK LIMITED · parent
- NEO NEXT+ Energy North Sea Limited 100%
- NEO NEXT+ Energy Oil Trading Limited 100%
- Transworld Petroleum (U.K.) Limited 100%
- NEO NEXT+ Energy Transportation (UT) Limited 100%
- NEO NEXT+ Energy LNS Limited 100%
- Rigel Petroleum UK Limited 100%
- Rigel Petroleum (NI) Limited 100%
- NEO NEXT+ Energy Alpha Limited 100%
- NEO NEXT+ Energy Beta Limited 100%
- NEO NEXT+ Energy Delta Limited 100%
- NEO NEXT+ Energy Trustees (UK) Limited 100%
- NEO NEXT+ Energy Pension and Life Scheme Limited 100%
- NEO NEXT+ Energy Zeta Limited 100%
Significant events
- “During the first half of the year, the Company completed a capital restructuring exercise involving both capital reductions and associated distributions.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 71 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCINTOSH, Andrew Graham | Secretary | 2025-07-29 | — | — |
| BURNESS PAULL LLP | Corporate Secretary | 2025-07-29 | — | — |
| GAIR, Robert Huw | Director | 2025-07-29 | Oct 1980 | British |
| MCINTOSH, Andrew Graham | Director | 2025-07-29 | Jul 1973 | British |
| PAYER, Nicolas Bertrand | Director | 2026-03-30 | Sep 1965 | French |
| RIGARDO, Ferdinando | Director | 2024-09-30 | Feb 1965 | Italian |
Show 71 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARBARA, Gemma | Secretary | 2014-01-20 | 2025-07-29 |
| BUTLER, Brenda Mary | Secretary | 1995-05-17 | 1999-04-05 |
| COWIE, Louise Anne | Secretary | 2004-02-16 | 2006-07-26 |
| CRAW, Jacquelynn Forsyth | Secretary | 2002-07-12 | 2009-12-22 |
| LOWSON, Gillian | Secretary | 2009-12-22 | 2013-06-16 |
| ROBERTS, Walter Rookehurst | Secretary | — | 1995-05-17 |
| ZEMP, Gary Rulon | Secretary | 1999-04-05 | 2002-07-12 |
| AINSLEY, Nicholas Wilhelm | Director | 2009-01-06 | 2010-06-30 |
| AINSLEY, Nicholas Wilhelm | Director | 2003-10-09 | 2003-10-29 |
| BAILLIE, John Robert | Director | 2014-10-27 | 2016-03-31 |
| BAILLIE, John Robert | Director | 2014-09-15 | 2014-10-26 |
| BEDDOES, Leslie Raymond | Director | — | 1994-08-11 |
| BLAKELEY, Alexander Paul | Director | 1996-01-31 | 2005-12-12 |
| BOBYE, Wayne Irvine | Director | 1994-08-11 | 1995-09-08 |
| BOOHER, Rodney | Director | 2010-06-30 | 2011-03-01 |
| BUCKEE, James William | Director | 1994-08-11 | 2007-09-30 |
| CABRA, Luis Aurelio | Director | 2015-05-08 | 2018-09-27 |
| CHEN, Guangjun | Director | 2017-03-27 | 2017-08-21 |
| COOPER, William Robert | Director | 1994-01-10 | 1994-08-11 |
| CRAW, Jacquelynn Forsyth | Director | 2004-01-01 | 2009-11-19 |
| DAWSON, Andrew Philip | Director | 1999-06-07 | 2003-04-01 |
| DE VICENTE BRAVO, Jose Carlos | Director | 2018-09-27 | 2024-09-30 |
| DOLAN, Philip David | Director | 2007-10-01 | 2012-12-17 |
| EYNON, George | Director | — | 1991-06-30 |
| FERNEYHOUGH, Paul Anthony | Director | 2009-12-23 | 2010-01-29 |
| FORREST, John Eason | Director | 2009-08-17 | 2011-01-28 |
| FORREST, John Eason | Director | 2008-12-16 | 2009-01-05 |
| GARCIA BLANCO, Manuel Tomas | Director | 2015-09-30 | 2022-09-08 |
| GAVIN, Adrian | Director | 2012-08-09 | 2012-12-17 |
| GEA PASCUAL DEL RIQUELME, Francisco Jose | Director | 2022-09-08 | 2024-09-30 |
| GIBSON, Stewart Glen | Director | 1991-07-04 | 1994-12-21 |
| HESLOP, David Owen | Director | 2008-09-22 | 2008-11-04 |
| HOLMES, Geoffrey Robert | Director | 2011-02-02 | 2012-12-17 |
| HOLMES, Geoffrey Robert | Director | 2008-12-16 | 2009-01-06 |
| HORNBY-SMITH, Ian Cecil | Director | — | 1991-06-30 |
| HOWARD, Michael Fitzalan, Major General Lord | Director | — | 1995-09-30 |
| HUMENICK, Orest | Director | — | 1991-06-30 |
| INGRAM, Gary Clark | Director | 2014-09-15 | 2014-11-25 |
| LIU, Rudong | Director | 2017-07-18 | 2018-07-05 |
| LO, Che Hung | Director | 2017-08-21 | 2020-12-31 |
| MANDERSON, Michael Lindsay | Director | 2010-06-30 | 2011-03-01 |
| MCDONALD, Michael Dean | Director | 1994-12-21 | 1998-09-30 |
| MILNE, Gordon Alexander | Director | 1991-07-04 | 1994-08-11 |
| MILNE, James Lindsay | Director | 1991-07-04 | 1993-05-06 |
| MITHEN, David Patrick | Director | 1998-09-30 | 2009-01-05 |
| MOORE, Dale Kelly | Director | 2018-07-05 | 2023-10-31 |
| POPOFF, Henry William | Director | — | 1992-11-24 |
| POTTER, Shaun Timothy | Director | 2008-09-22 | 2008-11-04 |
| PYKE, William James | Director | 1996-01-31 | 1998-11-20 |
| PYKE, William James | Director | 1991-07-04 | 1994-12-21 |
| RAMSHAW, Roger Stephen | Director | 2013-08-21 | 2020-08-18 |
| ROONEY, Robert Ross | Director | 2013-05-20 | 2015-05-08 |
| SEAMAN, Daryl Kenneth | Director | — | 1991-06-30 |
| SHEIKH, Adam Alum | Director | 2024-09-30 | 2026-03-30 |
| SHEPPARD, Mary Jacqueline | Director | 1994-08-11 | 2008-09-01 |
| SMITH, Phillip John | Director | 1994-12-21 | 1996-01-31 |
| THOMAS, Leslie James | Director | 2020-12-11 | 2024-12-11 |
| THOMSON, Scott | Director | 2012-12-17 | 2013-05-20 |
| VALDERRAMA, German Dario Castro | Director | 2024-09-30 | 2025-07-29 |
| VAN DER GAAG, Aernout | Director | 2011-03-01 | 2012-08-09 |
| VAN GELOVEN, Johannes Franciscus | Director | 2016-04-01 | 2016-07-12 |
| WALKER, Nicholas John Robert | Director | 2005-12-12 | 2009-08-17 |
| WARRENDER, John Mcandrew | Director | 2016-07-13 | 2017-07-18 |
| WARWICK, Paul Cyril | Director | 2012-12-17 | 2015-09-30 |
| WATERMAN, Bruce Gordon | Director | 1996-01-08 | 1996-03-08 |
| WELTY, Robert George | Director | 1992-11-24 | 1994-08-11 |
| WHYTE, Douglas | Director | 2011-03-01 | 2012-12-17 |
| WRIGHT, Jerry Raymond | Director | — | 1992-09-14 |
| YE, Jifeng | Director | 2012-12-17 | 2014-10-27 |
| ZHANG, Yi | Director | 2012-12-17 | 2017-03-27 |
| ZHAO, Quanmin | Director | 2020-12-31 | 2023-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Neo Energy Consolidated Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-03-27 | Ceased 2026-03-27 |
| Neo Next+ Energy Upstream Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-03-27 | Active |
| Neo Next Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-07-29 | Ceased 2026-03-27 |
| Repsol Upstream, B.V. | Corporate entity | Shares 25–50% | 2023-10-31 | Ceased 2023-12-01 |
| Talisman Colombia Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2025-07-29 |
| Addax Petroleum Uk Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2023-10-31 |
Filing timeline
Last 20 of 423 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-02 CERTNM Certificate change of name company PDF
- 2025-10-22 CC04 Statement of companys objects
- 2025-08-04 CERTNM Certificate change of name company
- 2025-08-01 RESOLUTIONS Resolution
- 2025-08-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-06 | AA | accounts | Accounts with accounts type full | |
| 2026-05-26 | CH01 | officers | Change person director company with change date | |
| 2026-04-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-03-31 | PSC06 | persons-with-significant-control | Change to a person with significant control without name date | |
| 2026-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-22 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-10-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-29 | CH01 | officers | Change person director company with change date | |
| 2025-08-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-08-07 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-08-04 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-08-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-01 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.