ENI ULX LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-14 (in 9mo)
Last made up 2026-01-31
Watchouts
None on the register
Cash
£107M
USD 143,159,000
-13.9% vs 2023
Net assets
£714M
USD 955,061,000
+27.1% vs 2023
Employees
0
Average over period
Profit before tax
£283M
USD 378,315,000
-18% vs 2023
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 | £720,934,440 | £732,132,018 | |
| Operating profit | £331,545,190 | £283,864,095 | |
| Profit before tax | £345,021,305 | £282,810,047 | |
| Net profit | £190,736,338 | £152,043,807 | |
| Cash | £124,290,200 | £107,018,764 | |
| Total assets less current liabilities | £1,041,863,647 | £889,329,446 | |
| Net assets | £561,913,733 | £713,957,539 | |
| Equity | £561,913,733 | £713,957,539 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
+1.6%
£720,934,440 £732,132,018
-
Cash
-13.9%
£124,290,200 £107,018,764
-
Net assets
+27.1%
£561,913,733 £713,957,539
-
Employees
—
Not reported
-
Operating profit
-14.4%
£331,545,190 £283,864,095
-
Profit before tax
-18%
£345,021,305 £282,810,047
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 | 46.0% | 38.8% | |
| Net margin | 26.5% | 20.8% | |
| Return on capital employed | 31.8% | 31.9% | |
| Gearing (liabilities / total assets) | 54.1% | 34.6% | |
| Current ratio | 1.41x | 1.60x | |
| Interest cover | 16.41x | 9.49x |
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 2 times since incorporation
- ENI ULX LIMITED 2003-04-10 → present
- LASMO (ULX) LIMITED 1992-07-15 → 2003-04-10
- ULTRAMAR EXPLORATION LIMITED 1968-07-29 → 1992-07-15
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the company has adequate resources, including access to Eni Group financial resources, to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- ENI ULX LIMITED · parent
- Eni Oil Holdings B.V. 100%
- Eni Indonesia Limited 100%
Significant events
- “On 10 June 2024, the company and Eni UK Limited entered into an Asset Transfer Agreement ("ATA") under which the company agreed to transfer its entire 91.1% interest in the Liverpool Bay oil and gas fields to Eni UK Limited, making Eni UK Limited the 100% owner and operator.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 59 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| D'ABREO, Riordan | Secretary | 2020-07-01 | — | — |
| MAGISTRELLI, Michele | Director | 2026-01-12 | Apr 1985 | Italian |
| PAGANO, Francesco | Director | 2022-03-24 | Jun 1968 | Italian |
| PORRETTA-SERAPIGLIA, Claudia | Director | 2025-06-06 | Nov 1977 | Italian |
Show 59 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAL BELLO, Francesca | Secretary | 2007-07-06 | 2017-11-09 |
| DRAKE, Caroline Ann | Secretary | 2000-07-03 | 2002-01-11 |
| FAGAN, Daragh Patrick Feltrim | Secretary | 2002-08-08 | 2007-07-06 |
| O'BRIAN, Alan | Secretary | 2002-01-11 | 2002-07-19 |
| TREZZA, Mila | Secretary | 2017-11-09 | 2020-07-01 |
| WALTERS, Sandra Gail | Secretary | 1999-04-30 | 2000-07-03 |
| WEDGWOOD, John Arthur Thomas | Secretary | — | 1999-04-30 |
| ARISI ROTA, Federico | Director | 2007-11-09 | 2009-01-13 |
| AZANCOT, Michael James | Director | 1998-07-06 | 2000-02-08 |
| BUSHELL, Timothy Paul | Director | 2000-02-10 | 2001-05-31 |
| CASTIGLIONI, Fabio | Director | 2009-06-15 | 2010-07-14 |
| CHACON, Oswaldo | Director | 2012-04-10 | 2014-09-24 |
| CHIARINI, Alberto | Director | 2004-09-01 | 2006-04-03 |
| DE MARCO, Claudio | Director | 2017-01-05 | 2017-06-12 |
| DERBY, Joseph | Director | — | 1993-11-02 |
| DI LORENZO, Vincenzo | Director | 2006-04-03 | 2007-11-09 |
| FERRARA, Gianluigi | Director | 2017-06-13 | 2022-03-24 |
| FERRARA, Gianluigi | Director | 2001-08-24 | 2003-08-21 |
| FRANKE, John Adrian | Director | 1997-12-15 | 2001-08-31 |
| GIULIANELLI, Matilde | Director | 2003-08-21 | 2006-05-16 |
| GIUSTO, Manfredi | Director | 2024-10-03 | 2025-06-06 |
| GIUSTO, Manfredi | Director | 2019-11-18 | 2020-08-06 |
| GRAY, Colin Robert Gordon | Director | 1993-11-04 | 1995-05-31 |
| HARVEY, Russell Seth | Director | — | 1996-09-30 |
| HASHEMI, Seyed Mohammed Mehdi | Director | — | 1993-01-22 |
| HEMMENS, Philip Duncan | Director | 2020-08-06 | 2022-10-13 |
| HEMMENS, Philip Duncan | Director | 2011-09-19 | 2016-05-17 |
| HEMMENS, Philip Duncan | Director | 2002-12-02 | 2004-09-21 |
| HOGAN, John Anthony | Director | — | 1999-02-01 |
| KIDD, Rupert Gervase William, Dr | Director | 1995-07-19 | 1996-05-16 |
| KING, Paul Anthony | Director | 1996-09-30 | 1997-02-28 |
| LIBRI, Giuseppe | Director | 2009-01-13 | 2011-09-19 |
| LORATO, Roberto | Director | 2001-08-24 | 2002-08-08 |
| LOUGH, Keith Geddes | Director | 1997-03-03 | 1999-07-30 |
| LUSURIELLO, Luigino | Director | 2007-11-09 | 2009-06-15 |
| MCALLISTER, Mark | Director | 2000-01-12 | 2001-05-31 |
| MILROY, Duncan Taylor | Director | 1993-10-27 | 1996-04-01 |
| MIRABELLI, Giuseppe | Director | 2005-02-14 | 2007-11-09 |
| MIRABELLI, Giuseppe | Director | 2002-08-08 | 2002-12-02 |
| MURRAY, Paul Colbeck | Director | 1999-02-01 | 2001-06-08 |
| OLIVERI, Stefano | Director | 2011-09-19 | 2016-04-15 |
| PAGANI, Alberto | Director | 2002-12-02 | 2005-02-14 |
| PASI, Giuseppe | Director | 2014-04-03 | 2016-04-15 |
| PASQUA, Roberto | Director | 2014-09-24 | 2017-06-13 |
| PAVIA, Michael James | Director | — | 1993-12-31 |
| PICKERILL, Anne | Director | 1993-04-05 | 1993-04-07 |
| PIRO, Luigi | Director | 2016-05-17 | 2017-01-05 |
| POLO, Franco, Dr | Director | 2010-07-14 | 2011-09-19 |
| RINALDI, Francesca | Director | 2017-06-12 | 2019-11-18 |
| SHAW, Sandra Nan Demby | Director | 1993-06-15 | 1993-11-02 |
| SMERNOFF, Richard Louis | Director | 1994-03-14 | 1999-02-01 |
| TALAMONTI, Marco | Director | 2006-05-16 | 2012-04-10 |
| THOMAS, David Howard | Director | 1999-07-30 | 2004-09-01 |
| THOMAS, David Howard | Director | 1996-09-30 | 1997-03-07 |
| TONNA, Alberto | Director | 2016-04-15 | 2026-01-12 |
| VASQUES, Luciano Maria | Director | 2022-10-13 | 2024-10-03 |
| WELLAND, Michael John Patterson | Director | 1996-04-16 | 1999-02-01 |
| WINCKLE, Kenneth Rodney | Director | 1997-03-03 | 1997-12-15 |
| WRIGHT, Christopher Alan, Dr | Director | 1999-02-01 | 1999-12-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Eni Ult Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 287 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-25 | CH01 | officers | Change person director company with change date | |
| 2025-08-27 | AA | accounts | Accounts with accounts type full | |
| 2025-07-07 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-03 | SH01 | capital | Capital allotment shares | |
| 2025-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-28 | CH01 | officers | Change person director company with change date | |
| 2024-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-24 | AA | accounts | Accounts with accounts type full | |
| 2024-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-16 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-17 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-11-08 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-11-08 | SH20 | capital | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 2
- 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.