NEO NEXT+ ENERGY OFFSHORE UK LIMITED
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Cash
—
Latest balance sheet
Net assets
£93m
-33.4% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
£174m
-13.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
6 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Energy median
NEO NEXT+ ENERGY OFFSHORE UK LIMITED·Energy median
NEO NEXT+ ENERGY OFFSHORE UK LIMITED·Energy median
NEO NEXT+ ENERGY OFFSHORE UK LIMITED·Energy median
NEO NEXT+ ENERGY OFFSHORE UK LIMITED·Energy median
NEO NEXT+ ENERGY OFFSHORE UK LIMITED·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 | £466,962,000 | £318,861,000 | £223,032,000 | -30.1% | |
| Operating profit | £334,581,000 | £187,251,000 | £164,737,000 | -12% | |
| Profit before tax | £345,160,000 | £200,774,000 | £174,063,000 | -13.3% | |
| Net profit | £96,097,000 | £48,337,000 | £32,173,000 | -33.4% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £343,937,000 | £286,655,000 | £240,095,000 | -16.2% | |
| Net assets | £187,724,000 | £140,061,000 | £93,334,000 | -33.4% | |
| Equity | £187,724,000 | £140,061,000 | £93,334,000 | -33.4% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| 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 | 71.7% | 58.7% | 73.9% | |
| Net margin | 20.6% | 15.2% | 14.4% | |
| Return on capital employed | 97.3% | 65.3% | 68.6% | |
| Gearing (liabilities / total assets) | 69.0% | 75.3% | 72.4% | |
| Current ratio | 1.65x | 1.50x | 2.03x | |
| Interest cover | — | 40.69x | 31.74x |
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 6 times since incorporation — the current trading name was adopted 2026-03-30
- NEO NEXT+ ENERGY OFFSHORE UK LIMITED 2026-03-30 → present
- TOTALENERGIES OFFSHORE UK LIMITED 2021-06-03 → 2026-03-30
- TOTAL OIL UK LIMITED 2018-06-29 → 2021-06-03
- MAERSK OIL UK LIMITED 2005-11-17 → 2018-06-29
- KERR-MCGEE OIL (U.K.) LIMITED 2005-07-19 → 2005-11-17
- KERR-MCGEE OIL (U.K.) PLC 1976-12-31 → 2005-07-19
- APCO OIL (U.K.) LIMITED 1969-01-30 → 1976-12-31
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 8th December 2025, TotalEnergies and NEO NEXT+ Energy Limited announced an agreement to consolidate their UK North Sea Upstream business through a share-for-share combination.”
- “On 30 January 2026, the Company entered into a new interest-bearing loan agreement with TotalEnergies Upstream UK Limited for £155,000,000.”
- “On 30th March 2026, the TotalEnergies and NEO NEXT+ Energy Limited share-for-share combination completed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 84 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 84 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARWICK, James V | Secretary | 2002-01-18 | 2002-09-20 |
| BAXTER, Robin Murray | Secretary | 1988-12-15 | 2006-02-28 |
| DERWORIZ, Deidre | Secretary | 2022-08-22 | 2024-09-07 |
| FRASER, Anne-Marie | Secretary | 2021-12-13 | 2022-04-04 |
| HAGAR, Charles Donley | Secretary | 2002-05-10 | 2002-09-27 |
| HEMMING, Brian William | Secretary | 2006-02-28 | 2009-11-28 |
| HORNER, Russell Grant | Secretary | 1997-02-01 | 1999-08-31 |
| IMRIE, Robert Andrew | Secretary | 2006-07-06 | 2008-10-23 |
| MACLEOD, Nicola Jane | Secretary | 2009-11-25 | 2018-05-21 |
| MCDANIEL, Tom Joe, Secretary | Secretary | — | 1997-02-01 |
| PILCHER, Gregory Francis | Secretary | 1999-08-31 | 2005-11-17 |
| PORTER, Lewis | Secretary | 2019-03-18 | 2022-08-22 |
| VASS, Sarah | Secretary | 2024-09-07 | 2026-03-30 |
| WILSON, Bryan | Secretary | 2018-07-02 | 2019-03-18 |
| ALAMARGOT, Hugues Pierre-Andre | Director | 2024-10-01 | 2026-03-30 |
| ALBRECHTSEN, Troels | Director | 2009-05-06 | 2010-03-31 |
| ANDERSEN, Thomas Thune | Director | 2005-11-17 | 2006-07-06 |
| BAXTER, Robin Murray | Director | 2006-02-28 | 2008-04-16 |
| BOESEN, Karen Dyrskjot | Director | 2018-03-08 | 2020-08-24 |
| BORRELL, Michael Simon | Director | 2018-03-08 | 2020-06-30 |
| BOUDREAUX, Bart Anthony | Director | 2003-04-02 | 2005-11-17 |
| BOYNE, Kevin Francis | Director | 2018-03-08 | 2020-06-30 |
| BRINK, Jep | Director | 2006-02-28 | 2009-05-06 |
| BROWN, Robert Young | Director | 1999-03-10 | 2000-06-16 |
| CORBETT, Lucius Robert | Director | — | 2003-11-07 |
| CORR, Glenn Andrew, Dr | Director | 2011-11-30 | 2017-01-31 |
| CROUCH, Kenneth Wade | Director | 1997-02-01 | 2003-11-07 |
| CROUCH, Kenneth Wade | Director | 1992-08-24 | 1994-12-17 |
| CURRAN, Alan Thomas | Director | 1999-03-10 | 2006-02-02 |
| DAINES, Stephen Ross | Director | 2007-11-28 | 2008-04-23 |
| DANIEL, Olivier Jean-Yves | Director | 2023-05-11 | 2023-09-01 |
| DANNOCK, Jeannie Patricia | Director | 2025-07-31 | 2026-03-30 |
| DECUBBER, Stephane Michel Jean Francois | Director | 2020-08-24 | 2024-10-01 |
| ENGELL JENSEN, Michael | Director | 2005-11-17 | 2008-04-23 |
| FAGET, Jean-Baptiste Pierre, Mr. | Director | 2018-03-08 | 2023-05-11 |
| GRANT, Alan James | Director | 2006-07-06 | 2008-07-21 |
| GUION, James Frank | Director | 1997-04-02 | 1998-12-30 |
| GUION, James Frank | Director | 1993-03-08 | 1997-02-28 |
| GUIZIOU, Jean-Luc | Director | 2018-03-08 | 2026-01-31 |
| HAGER, David Alan | Director | 2003-11-17 | 2005-11-17 |
| HENDERSON, Eric | Director | 2020-06-30 | 2022-06-28 |
| HENDERSON, Eric | Director | 2017-02-01 | 2018-03-08 |
| HEPBURN, Peter Wilson | Director | 2016-08-15 | 2018-03-08 |
| HORNER, Russell Grant | Director | 1998-03-11 | 1999-08-31 |
| JORGENSEN, Niels Bo | Director | 2006-02-28 | 2007-11-27 |
| JUPP, Terence Bartlett | Director | 2004-05-26 | 2005-11-17 |
| KELSTRUP, Morten | Director | 2015-04-01 | 2018-03-08 |
| KIMES, David Ray | Director | 1997-02-28 | 1999-05-01 |
| KOONTZ, Craig Lynn | Director | 2002-07-23 | 2003-04-02 |
| LE FOLL, Arnaud | Director | 2020-07-01 | 2023-01-03 |
| LEBRETON, Hugues Regis Bernard | Director | 2023-09-01 | 2026-03-30 |
| LENT, Robert Louis | Director | 1994-12-16 | 1998-03-13 |
| LINEHAN, John Charles | Director | — | 1999-12-31 |
| MANSER, Kevin John | Director | 2011-11-30 | 2014-02-21 |
| MCDANIEL, Tom Jose | Director | 1997-02-01 | 2000-06-30 |
| MCGUIRE, Lindell Virgil | Director | — | 1995-12-31 |
| MCKENNY, Jere Wesley, Director | Director | — | 1993-02-28 |
| MCPHERSON, Frank Alfred | Director | — | 1997-02-01 |
| MELOY, Charles Alvin | Director | 2002-05-28 | 2004-05-26 |
| MURDOCH, Kenneth | Director | 2010-10-14 | 2013-10-14 |
| NIELSEN, Kurt Normann | Director | 2008-04-23 | 2011-11-30 |
| O'SULLIVAN, James Roderic Mary | Director | 2006-07-06 | 2008-07-21 |
| OLDHAM, Philip | Director | 1999-03-10 | 2002-05-28 |
| OPIZZI, Martina | Director | 2026-02-01 | 2026-03-30 |
| PEDERSEN, Martin Rune | Director | 2017-02-01 | 2018-03-08 |
| PEDERSEN, Martin Rune | Director | 2010-03-12 | 2015-03-31 |
| PETERS, Robert Bouke | Director | 2013-12-18 | 2015-06-05 |
| PHILLIPS, David Roy | Director | 1999-03-10 | 2002-05-28 |
| POUPARD, Gregoire | Director | 2022-08-15 | 2025-07-27 |
| RAUH, John Michael | Director | 1999-03-10 | 2005-11-17 |
| SCHARP, Robert Charles | Director | 1996-01-01 | 1997-04-02 |
| SHAFFER, David Milner | Director | 1999-12-01 | 2002-03-29 |
| SHARP, Ian Alexander | Director | 2003-04-02 | 2005-12-23 |
| SHARRATT, Frank | Director | 2004-07-26 | 2005-09-30 |
| SHARRATT, Frank | Director | — | 2004-07-26 |
| SONNE-SCHMIDT, Carsten | Director | 2017-02-01 | 2018-03-08 |
| SPRING, David Edward | Director | 2010-10-14 | 2011-02-28 |
| STEWART, Clifton Cyrus | Director | 1990-03-15 | 1995-05-26 |
| TALBOT, Graham Stuart | Director | 2014-05-01 | 2017-02-01 |
| TROOST, Kerst Klaas | Director | 2007-11-28 | 2010-10-14 |
| VAN LEENEN, Thomas | Director | 2008-04-23 | 2010-10-14 |
| WATKINS, Gretchen Hauser | Director | 2014-05-01 | 2017-02-01 |
| WELINDER, Brian Sollingvraa | Director | 2015-06-04 | 2016-09-29 |
| YORSTON, Harry | Director | 2008-07-23 | 2013-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Neo Next + Energy Offshore Gb Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-21 | Active |
| Maersk Energy Uk Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-03-21 |
Filing timeline
Last 20 of 341 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-30 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | 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 | |
| 2026-04-21 | 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 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | 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 | |
| 2026-04-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-30 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-03 | 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
- 6
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.