EQUINOR UK LIMITED
Formerly known as Statoil, the company is the UK subsidiary of the Oslo and New York-listed Norwegian state-backed energy group Equinor ASA, operating offshore oil, natural gas, and wind energy projects across the UK Continental Shelf.
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Cash
£17M
+725.3% vs 2023
Net assets
£4.4B
+4.6% vs 2023
Employees
577
+12.7% vs 2023
Profit before tax
£60M
+367.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Charges registered
Companies House lists one or more registered charges (e.g. mortgages or debentures). Some may since have been satisfied — see the official charges register for current status.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,059,358,000 | £1,175,045,000 | +10.9% | |
| Operating profit | £164,011,000 | £95,785,000 | -41.6% | |
| Profit before tax | -£22,371,000 | £59,754,000 | +367.1% | |
| Net profit | £66,990,000 | £196,499,000 | +193.3% | |
| Cash | £2,038,000 | £16,820,000 | +725.3% | |
| Total assets less current liabilities | £4,995,315,000 | £5,542,770,000 | +11% | |
| Net assets | £4,240,274,000 | £4,437,227,000 | +4.6% | |
| Equity | £4,240,274,000 | £4,437,227,000 | +4.6% | |
| Average employees | 512 | 577 | +12.7% | |
| Wages | £79,132,000 | £87,262,000 | +10.3% | |
| Directors' remuneration | £0 | £0 | — |
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 |
|---|---|---|---|
| Operating margin | 15.5% | 8.2% | |
| Net margin | 6.3% | 16.7% | |
| Return on capital employed | 3.3% | 1.7% | |
| Gearing (liabilities / total assets) | 18.0% | 24.3% | |
| Current ratio | 0.76x | 0.52x | |
| Interest cover | 2.71x | 2.49x |
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 3 times since incorporation
- EQUINOR UK LIMITED 2018-05-16 → present
- STATOIL (U.K.) LIMITED 1983-12-30 → 2018-05-16
- SAGA PETROCHEMICALS (U.K.) LIMITED 1976-12-31 → 1983-12-30
- SAGA PETROKJEMI (U.K.) LIMITED 1976-11-10 → 1976-12-31
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst and Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors affirm the going concern basis for the period to 31 December 2026, based on closely monitoring funding and liquidity risk, regular cash flow forecasts, and sensitivity analyses. A 10% price reduction scenario did not alter the conclusion on going concern, leading the Directors to adopt this basis.”
Group structure
- EQUINOR UK LIMITED · parent
- Equinor Energy Trading Limited 100%
- Equinor Production UK Limited 100%
- Equinor WoS Limited 100%
Significant events
- “On 5th December 2024, Equinor and Shell announced their plan to merge their UK upstream businesses to create the biggest independent oil and gas company operating on the UK Continental Shelf. The new company named "Adura" will include Equinor UK Limited's equity interest in Rosebank, Mariner, Buzzard and associated exploration licences. On deal completion, Adura will be jointly owned by Equinor (50%) and Shell (50%). Completion remains subject to approvals with a timeline estimated around the end of 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 61 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PAUL, Leanne Adrienne | Secretary | 2019-09-26 | — | — |
| GAMBLIN, Nigel | Director | 2025-12-03 | Jul 1971 | British |
| GRANT, Alex | Director | 2021-06-11 | Jan 1978 | British |
| OFTEDAL, Cathrine | Director | 2022-09-01 | Oct 1976 | Norwegian |
| SKEIE, Svein | Director | 2011-02-02 | Jun 1967 | Norwegian |
Show 61 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALBUCKAITE, Lina | Secretary | 2019-06-28 | 2019-09-26 |
| DORAN, George | Secretary | — | 1997-02-03 |
| SAUL, Anthony Joseph | Secretary | 1997-02-03 | 2019-06-28 |
| ADAMS, Robert Stephen | Director | 2014-05-01 | 2019-03-11 |
| AGA, Ole | Director | — | 1993-01-02 |
| ALLSOP, Catherine | Director | 2020-08-03 | 2021-06-11 |
| ANDREWS, Christopher, Mr. | Director | 2013-11-11 | 2016-02-17 |
| ANFINNSEN, Tor Martin | Director | 2005-01-01 | 2011-02-02 |
| BEKKEHEIEN, Martin | Director | 1998-03-26 | 1999-05-05 |
| BELGRAVE, Robert | Director | — | 1993-04-09 |
| BJORNSON, Rune | Director | 2004-10-14 | 2005-01-01 |
| BJORNSON, Rune | Director | 2001-06-15 | 2003-08-04 |
| BORUM BOJSEN, Trine | Director | 2022-06-07 | 2024-01-01 |
| BREIVIK, Gunnar | Director | 2014-02-03 | 2015-10-01 |
| BULL, Stephen | Director | 2020-02-12 | 2021-02-18 |
| EVANS, Phillipa Jane Louise | Director | 2010-09-01 | 2011-02-02 |
| FELIN, Hedda | Director | 2016-09-05 | 2019-09-02 |
| FORSBERG, Sten Ake | Director | 1991-01-02 | 1996-10-08 |
| GÜRTNER, Arne | Director | 2019-09-02 | 2024-09-01 |
| HAALAND, Grete Birgitte | Director | 2015-01-01 | 2015-12-07 |
| HAJIYEVA, Kamala | Director | 2024-01-01 | 2025-12-31 |
| HALSTEAD, Helge | Director | 2005-01-01 | 2010-09-01 |
| HAUGANE, Helge | Director | 2017-11-01 | 2020-04-01 |
| HAUGANE, Helge | Director | 2013-01-01 | 2014-05-01 |
| HAUSKEN, Kristian Bendik | Director | 1995-10-17 | 1999-05-05 |
| HOVLAND, Bente | Director | 2019-03-11 | 2021-06-11 |
| HUBBARD, Richard John, Dr | Director | 2001-01-29 | 2001-06-15 |
| JOHNSEN, Kjetil | Director | 2011-01-01 | 2013-11-01 |
| JOSSANG, Geir | Director | 1998-02-01 | 2003-01-13 |
| KARLSEN, Jan Karl | Director | 2007-03-01 | 2009-04-01 |
| KJOS HANSSEN, Erik | Director | 2003-08-04 | 2005-10-01 |
| KOCH, Nina Birgitte | Director | 2009-11-01 | 2011-02-02 |
| KULAS, Finn Ragnar | Director | 1992-09-01 | 1998-02-01 |
| LARSEN, Rolf Magne | Director | 1993-01-02 | 2000-12-31 |
| LINDBERG, Per | Director | 1993-01-02 | 1995-03-15 |
| LUXHOJ, Poul | Director | — | 1993-04-09 |
| MALONEY, William Vincent | Director | 2003-01-13 | 2009-01-01 |
| MELLBYE, Peter | Director | 1999-05-05 | 2004-10-14 |
| MELLBYE, Peter | Director | — | 1993-01-02 |
| MORRIS, Jenny Elizabeth | Director | 2016-08-19 | 2019-12-20 |
| MYKING, Beate | Director | 2018-01-16 | 2020-02-12 |
| OLSEN, Willy | Director | — | 1993-01-02 |
| OVERAND, Erling | Director | 1995-10-17 | 1997-10-10 |
| REITAN, Torgrim | Director | 2005-09-01 | 2011-01-01 |
| REKDAL, Ottar Inge | Director | 2009-01-01 | 2011-02-02 |
| ROGNLI, Uno Holm | Director | 2016-04-21 | 2019-09-02 |
| RUGLAND, Brit, M/S | Director | — | 1997-09-02 |
| RUUD, Morten | Director | 2011-11-15 | 2013-11-13 |
| RØNNING, Cecilie Kathrine | Director | 2015-12-07 | 2017-08-01 |
| SAETRE, Eldar | Director | 1997-10-10 | 2005-10-01 |
| SALTHE, Camilla | Director | 2024-09-01 | 2025-12-03 |
| SELJEVOLD METHI, Fride | Director | 2020-04-01 | 2022-09-01 |
| SLETVOLD, Gunnar | Director | 2006-03-01 | 2007-03-01 |
| SOLHEIM, Bent Rune | Director | 2011-02-02 | 2015-01-01 |
| SPERLE, Henry | Director | 1993-01-02 | 1994-02-15 |
| STUHR SJOEBLOM, Tove | Director | 2015-10-01 | 2016-09-01 |
| TELLEFSEN, Erik Strand | Director | 2011-02-02 | 2011-11-15 |
| TVEIT, Grete | Director | 2011-02-25 | 2013-01-01 |
| VALAND, Gerhard | Director | — | 1993-04-09 |
| VOLD, Johan Nic | Director | — | 2000-04-14 |
| WILLUMSEN, Thor Inge | Director | 1996-10-08 | 2006-03-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Equinor Asa | Corporate entity | Shares 75–100% | 2016-12-31 | Active |
Filing timeline
Last 20 of 318 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-18 RESOLUTIONS Resolution
- 2023-10-26 RESOLUTIONS Resolution
- 2023-10-26 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-03-05 | AA | accounts | Accounts with accounts type full | |
| 2024-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-18 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-19 | SH01 | capital | Capital allotment shares | |
| 2023-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-26 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-26 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-03 | AA | accounts | Accounts with accounts type full | |
| 2023-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-04 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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.