BP EXPLORATION (EPSILON) LIMITED
Operating as a subsidiary of the BP group, the company is engaged in the extraction of crude petroleum and holds related production licences.
Get an alert when BP EXPLORATION (EPSILON) LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£23m
USD 31,229,000
+50.2% vs 2024
Net assets
£1.2bn
USD 1,661,126,000
-25.1% lowest in 3 filed years
Employees
543
+1.1% vs 2024
Profit before tax
£752m
USD 1,012,969,000
-19.8% lowest in 3 filed years
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 | £1,145,003,138 | £1,186,827,443 | £1,036,171,429 | -12.7% | |
| Operating profit | £805,537,339 | £852,219,834 | £731,955,473 | -14.1% | |
| Profit before tax | £887,381,550 | £937,320,121 | £751,739,518 | -19.8% | |
| Net profit | £335,951,522 | £361,813,913 | £254,010,390 | -29.8% | |
| Cash | £24,658,770 | £15,427,412 | £23,175,510 | +50.2% | |
| Total assets less current liabilities | £2,906,963,445 | £1,699,844,795 | £1,290,299,072 | -24.1% | |
| Net assets | £2,835,286,319 | £1,646,657,911 | £1,232,746,568 | -25.1% | |
| Equity | £2,835,286,319 | £1,646,657,911 | £1,232,746,568 | -25.1% | |
| Average employees | — | 537 | 543 | +1.1% | |
| Wages | — | £24,239,096 | £20,968,460 | -13.5% | |
| Directors' remuneration | — | £0 | £67,532 | — |
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 | 70.4% | 71.8% | 70.6% | |
| Net margin | 29.3% | 30.5% | 24.5% | |
| Return on capital employed | 27.7% | 50.1% | 56.7% | |
| Gearing (liabilities / total assets) | 11.5% | 17.9% | 22.6% | |
| Current ratio | 6.43x | 2.43x | 1.75x |
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 4 times since incorporation
- BP EXPLORATION (EPSILON) LIMITED 2007-02-14 → present
- BP AMOCO EXPLORATION (EPSILON) LIMITED 2000-07-21 → 2007-02-14
- BP PETROLEUM DEVELOPMENT (ALPHA) LIMITED 1988-03-08 → 2000-07-21
- SULPETRO (UK) LIMITED 1982-05-27 → 1988-03-08
- CANDEL PETROLEUM(U.K.)LIMITED 1971-03-17 → 1982-05-27
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements... No material uncertainties over going concern or significant judgements or estimates on the assessment were identified.”
Significant events
- “On 2 May 2024, the company's 5% license interest in the Foinaven main field (and 1.868% ownership interest in the West of Shetland Gas Pipeline (WOSPS)) was transferred to Britoil Limited.”
- “Block 77 was written off during 2025 after agreement with partners and the government.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 39 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BP SECRETARIES LIMITED | Corporate Secretary | 2025-10-29 | — | — |
| SUNBURY SECRETARIES LIMITED | Corporate Secretary | 2010-07-01 | — | — |
| AL JAMALI, Najla Zuhair Ali | Director | 2025-10-07 | Nov 1975 | Omani |
| REITER, Doris Friederike | Director | 2022-02-07 | Mar 1970 | Austrian,American |
| SHEIKH, Ahmad Bilal | Director | 2026-04-01 | Mar 1972 | American |
Show 39 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Yasin Stanley | Secretary | 2006-02-01 | 2010-06-30 |
| CUMMING, Robert Cameron | Secretary | — | 2002-03-31 |
| ELVIDGE, Janet | Secretary | 2004-08-01 | 2006-02-01 |
| ENG, Christopher Kuangcheng Gerald | Secretary | 2009-03-23 | 2010-06-30 |
| TOOLEY, Roy Leslie | Secretary | 2002-02-11 | 2004-08-01 |
| ALLEN, David Christopher, Dr | Director | 1996-03-12 | 1997-08-31 |
| AUCHINCLOSS, Murray Michael | Director | 2009-06-12 | 2010-04-21 |
| BLACKWOOD, David John | Director | 2005-04-20 | 2008-12-31 |
| BOURNE, Gregory David | Director | 1995-01-01 | 1997-08-31 |
| BRAMLEY, Thomas John | Director | — | 1995-01-01 |
| CHAPMAN, Douglas Patrick | Director | 1997-09-01 | 2001-03-31 |
| DALTON, David George, Mr. | Director | 2012-02-01 | 2014-10-01 |
| DEBRIER, Donald Paul | Director | — | 1993-05-31 |
| EMEMBOLU, Ifeatu Chukwuemeka | Director | 2020-07-02 | 2022-02-07 |
| EVANS, Ian Jonathan, Dr | Director | 2009-07-01 | 2012-02-01 |
| FLORES, Ariel David | Director | 2020-03-10 | 2020-07-02 |
| FORSYTH, Alisdair John | Director | 2020-03-10 | 2021-01-05 |
| FOWLER, Clive | Director | 2001-04-01 | 2001-08-31 |
| FREDERIKSEN, Anneli Groth | Director | 2020-08-16 | 2021-01-31 |
| GRANT, David William John | Director | 1997-09-01 | 1999-02-19 |
| HALLIDAY, James William | Director | 2010-04-21 | 2014-10-09 |
| IMANOV, Nadir | Director | 2024-02-14 | 2026-04-01 |
| JONES, Alan Morrison | Director | 1997-09-01 | 2000-04-30 |
| KHAN, Tamara Amanda | Director | 2021-01-05 | 2024-02-14 |
| LYNCH JR, John Edward | Director | 2003-03-01 | 2006-08-01 |
| MACRAE, Sandra Jean | Director | 2020-03-10 | 2020-08-16 |
| MCAUSLAN, Andrew James Alexander | Director | 2014-04-28 | 2020-03-10 |
| MORRIS, Robin Dale | Director | 1993-05-31 | 1995-01-01 |
| OJAILI, Yousuf Mohamed Salim Al | Director | 2018-05-22 | 2025-10-03 |
| PEACOCK, Steven Graham | Director | 2007-02-14 | 2009-04-01 |
| QUINTERO ORDONEZ, Guillermo | Director | 2009-09-01 | 2010-03-16 |
| SHINDY, Mohamed Wagih | Director | 2010-03-16 | 2012-03-01 |
| SKIPPER, John Craig | Director | 1999-02-19 | 2012-12-14 |
| TOWNSHEND, Michael Edmund, Mr. | Director | 2014-10-01 | 2018-05-22 |
| TOWNSHEND, Michael Edmund, Mr. | Director | 2009-04-01 | 2009-09-01 |
| URBAN, Scott Douglas | Director | 2001-04-01 | 2003-06-01 |
| WENHAM, Michael Andrew | Director | 2018-05-22 | 2020-03-10 |
| WESTON, Steven | Director | 1995-01-01 | 1997-08-31 |
| WOOD, George Leslie | Director | 2012-03-01 | 2014-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bp Exploration Operating Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 252 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-14 RESOLUTIONS Resolution
- 2022-10-27 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-09 | AA | accounts | Accounts with accounts type full | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-29 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | AA | accounts | Accounts with accounts type full | |
| 2024-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-02-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-14 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2022-12-14 | RESOLUTIONS | resolution | Resolution | |
| 2022-12-14 | CAP-SS | insolvency | Legacy | |
| 2022-12-14 | SH20 | capital | Legacy | |
| 2022-10-27 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 3
- 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.