NEO NEXT + ENERGY RESOURCES UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-02 (in 10mo)
Last made up 2026-02-16
Watchouts
Cash
£2B
USD 2,379,662,000
+6.6% vs 2023
Net assets
£1B
USD 1,989,610,000
+11.6% vs 2023
Employees
710
-17% vs 2023
Profit before tax
£87M
USD 116,291,000
-45.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £763,568,065 | £762,576,811 | |
| Operating profit | £155,605,891 | £63,078,418 | |
| Profit before tax | £160,059,804 | £86,933,543 | |
| Net profit | £483,165,134 | £154,348,509 | |
| Cash | £1,669,093,220 | £1,778,920,535 | |
| Total assets less current liabilities | £3,279,732,376 | £3,254,274,501 | |
| Net assets | £1,333,062,720 | £1,487,336,473 | |
| Equity | £1,333,062,720 | £1,487,336,473 | |
| Average employees | 855 | 710 | |
| Wages | £83,121,776 | £86,556,029 | |
| Directors' remuneration | £47,096 | £369,291 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-0.1%
£763,568,065 £762,576,811
-
Cash
+6.6%
£1,669,093,220 £1,778,920,535
-
Net assets
+11.6%
£1,333,062,720 £1,487,336,473
-
Employees
-17%
855 710
-
Operating profit
-59.5%
£155,605,891 £63,078,418
-
Profit before tax
-45.7%
£160,059,804 £86,933,543
-
Wages
+4.1%
£83,121,776 £86,556,029
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 20.4% | 8.3% | |
| Net margin | 63.3% | 20.2% | |
| Return on capital employed | 4.7% | 1.9% | |
| Gearing (liabilities / total assets) | 63.6% | 59.1% | |
| Current ratio | 5.36x | 5.85x | |
| Interest cover | 1.73x | 0.86x |
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 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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group business activities, performance and position are set out in the Strategic report. After making enquiries, the directors have formed a judgement at the time of approving the financial statements that the Group and Company has appropriate resources to continue in existence for at least 12 months from the date of approval of the financial statements.”
Group structure
- NEO NEXT + ENERGY RESOURCES UK LIMITED · parent
- Repsol North Sea Limited 100%
- Repsol Oil Trading Limited 100%
- Talismanworld Petroleum (UK) Limited 100%
- Repsol Transportation (U1) Limited 100%
- Repsol LNS Limited 100%
- Repsol Petroleum UK Limited 100%
- Repsol Petroleum (NI) Limited 100%
- Repsol Alpha Limited 100%
- Repsol Beta Limited 100%
- Repsol Delta Limited 100%
- Repsol Trustees (UK) Limited 100%
- Repsol Pension and EIS Nominees Limited 100%
- Repsol Zeta Limited 100%
Significant events
- “On 27 November 2024 the Company received a Prohibition Notice from the Health and Safety Executive on the Fulmar Alpha installation in relation to concerns with deluge system performance.”
- “On 27 March 2025 Repsol E&P and NEO Energy Group Limited ("NEO UK") have announced an agreement to consolidate their UK North Sea upstream business through a share-for-share combination.”
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 421 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 | |
|---|---|---|---|---|
| 2026-04-09 | 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 | |
| 2025-07-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-31 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 3
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.