ITHACA SP E&P LIMITED
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Cash
—
Latest balance sheet
Net assets
£1.3bn
USD 1,813,411,000
-12.7% vs 2024
Employees
—
Average over period
Profit before tax
£252m
USD 339,408,000
+166% highest in 3 filed years
Watch the reel
Our short-form breakdown of ITHACA SP E&P LIMITED's latest filing
Inside the latest numbers for North Sea oil producer Ithaca SP E&P. 🛢️
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 | £455,443,207 | £658,560,172 | £854,583,302 | +29.8% | |
| Operating profit | £222,342,328 | -£272,351,958 | £231,540 | +100.1% | |
| Profit before tax | £163,070,286 | -£381,701,687 | £251,879,777 | +166% | |
| Net profit | £203,083,621 | — | — | — | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | — | £2,193,739,255 | £2,547,933,952 | +16.1% | |
| Net assets | — | £1,541,591,054 | £1,345,759,555 | -12.7% | |
| Equity | — | £1,541,591,054 | £1,345,759,555 | -12.7% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £287,329 | £160,297 | -44.2% |
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 | 48.8% | -41.4% | 0.0% | |
| Net margin | 44.6% | — | — | |
| Return on capital employed | — | -12.4% | 0.0% | |
| Gearing (liabilities / total assets) | — | 58.3% | 69.0% | |
| Interest cover | 3.75x | -2.48x | 0.00x |
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
- ITHACA SP E&P LIMITED 2022-07-01 → present
- SICCAR POINT ENERGY E&P LIMITED 2017-01-13 → 2022-07-01
- OMV (U.K.) LIMITED 1988-11-17 → 2017-01-13
- OMV INTERNATIONAL MARKETING LIMITED 1984-02-03 → 1988-11-17
- OEMV TRADING AND EXPLORATION (U.K.) LIMITED 1983-06-15 → 1984-02-03
- OEMV EXPLORATION (U.K.) LIMITED 1980-12-31 → 1983-06-15
- BIDBILL LIMITED 1980-06-27 → 1980-12-31
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on their assessment of the Group's financial position to the period 30 September 2027, the Company's Directors believe that the Group will be able to continue in operational existence and provide any necessary financial support to the Company for the 12 months from the date of signing. Accordingly, they continue to adopt the going concern basis of accounting in preparing the Company's financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 65 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2022-06-30 | — | — |
| FRIEDMAN, Yaniv | Director | 2024-07-01 | Apr 1974 | Israeli |
| LEWIS, Iain Clifford Scobbie | Director | 2022-09-01 | Dec 1977 | British |
| MCATEER, Julie Elizabeth | Director | 2024-05-27 | Mar 1969 | British |
| VASQUES, Luciano Maria | Director | 2024-10-03 | Apr 1963 | Italian |
Show 65 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARNBERGER, Gunther | Secretary | 2011-10-01 | 2013-10-08 |
| ASPDEN, Christopher Jonathan | Secretary | 2016-09-01 | 2017-01-13 |
| BOSS, Axel Manfred | Secretary | 2015-09-01 | 2016-09-01 |
| CHAPLIN, Richard James | Secretary | 2000-07-01 | 2001-09-19 |
| CLARK, Philip Graham | Secretary | 2007-07-16 | 2008-06-27 |
| FLANAGAN, Michael Peter | Secretary | 2008-12-01 | 2011-02-01 |
| GOODSIR, George Michael Peter | Secretary | 1994-09-29 | 1997-10-10 |
| HERZOG, Werner, Dr | Secretary | 2011-07-07 | 2011-10-01 |
| HERZOG, Werner | Secretary | 2002-12-01 | 2006-11-01 |
| KAMMLANDER, Bernd | Secretary | 2013-10-08 | 2015-09-01 |
| KNOEBEL, Friedrich | Secretary | 2006-11-01 | 2007-07-16 |
| LANGANGER, Helmut Josef | Secretary | 1997-01-27 | 1997-01-27 |
| PETR, Gerald | Secretary | 2008-06-27 | 2011-07-07 |
| SAUNDERS, John Nicholas | Secretary | 2011-02-01 | 2014-10-18 |
| SCHINHAN, Werner | Secretary | — | 1992-11-20 |
| SHEACH, David | Secretary | 2017-01-13 | 2022-06-30 |
| SIENCNIK, Martin Christian | Secretary | 2001-09-20 | 2002-12-01 |
| STINDL, Harald Othmar | Secretary | 1992-11-20 | 1994-09-29 |
| STOCK, Wolfgang | Secretary | 1997-09-11 | 2000-06-30 |
| ARNBERGER, Gunther | Director | 2011-10-01 | 2013-10-08 |
| AUSTIN, John Anthony | Director | 2008-10-03 | 2013-05-01 |
| BARTHOLOMEW, Iain Douglas, Dr | Director | 2017-01-13 | 2022-06-30 |
| BOSS, Axel Manfred | Director | 2015-09-01 | 2016-09-01 |
| BRUCE, Alan Alexander | Director | 2022-06-30 | 2024-01-04 |
| BUSHATI, Kurt | Director | — | 1996-12-02 |
| CABJOLSKY, Jurg | Director | 1999-12-10 | 2002-06-25 |
| CLARK, Philip Graham | Director | 2007-07-16 | 2008-06-27 |
| CRAWFORD, David Andrew | Director | 2022-06-30 | 2022-09-01 |
| DAVID, Martyn Ramsay | Director | — | 1994-09-30 |
| DETTLINGER, Arno | Director | 2008-12-01 | 2011-02-01 |
| FLEMING, Douglas Weir | Director | 2017-01-13 | 2022-06-30 |
| GOODSIR, George Michael Peter | Director | 1994-09-29 | 1997-10-10 |
| GRAHAM, Vincent | Director | 2013-05-01 | 2017-01-13 |
| GUTH, Burkhard | Director | 1997-01-27 | 1999-11-30 |
| HAMILTON, Walter, Dr | Director | 2011-02-01 | 2016-03-21 |
| HERZOG, Werner, Dr | Director | 2011-07-07 | 2011-10-01 |
| HERZOG, Werner | Director | 2002-12-01 | 2006-11-01 |
| HOUNSELL, Stephen Michael | Director | 1995-08-01 | 2003-04-01 |
| HOUNSELL, Stephen Michael | Director | — | 1993-04-06 |
| HUSSAIN, Ashiq, Dr | Director | 2003-08-01 | 2006-05-12 |
| KAMMLANDER, Bernd | Director | 2013-10-08 | 2015-09-01 |
| KNOEBEL, Friedrich | Director | 2006-11-01 | 2007-07-16 |
| LANGANGER, Helmut Josef | Director | 1997-01-27 | 2002-05-24 |
| LATIN, David Michael | Director | 2011-09-01 | 2017-01-13 |
| MALCOLM, Richard John | Director | 2006-07-01 | 2008-10-02 |
| MEISTER, Siegerfried | Director | 1993-04-06 | 1994-01-20 |
| MEYSEL, Siegfried, Dr | Director | — | 1992-11-11 |
| MYERSON, Gilad | Director | 2022-06-30 | 2024-05-27 |
| PETR, Gerald | Director | 2008-06-27 | 2011-07-07 |
| REITHOFER, Johannes | Director | 1995-08-25 | 1997-09-11 |
| REMP, Wolfgang | Director | 2002-04-23 | 2011-09-01 |
| ROGER, Jonathan Leslie | Director | 2017-01-13 | 2022-06-30 |
| RUTTENSTORFER, Wolfgang | Director | 1992-11-20 | 1997-01-27 |
| SCHINHAN, Werner | Director | 1997-01-27 | 2003-12-01 |
| SCHINHAN, Werner | Director | — | 1992-11-20 |
| SCHNEIDER, Gerhard | Director | 1994-03-07 | 1995-08-01 |
| SIENCNIK, Martin | Director | 2009-03-01 | 2014-05-01 |
| SIENCNIK, Martin Christian | Director | 2000-08-01 | 2002-12-01 |
| STINDL, Harald Othmar | Director | 1992-11-20 | 1995-08-25 |
| STOCK, Wolfgang | Director | 2016-10-01 | 2017-01-13 |
| STOCK, Wolfgang | Director | 2003-12-01 | 2009-03-01 |
| STOCK, Wolfgang | Director | 1997-09-11 | 2000-07-31 |
| TRENTINI, Christoph | Director | 2016-09-01 | 2017-01-13 |
| VAN DER HARTEN, Antoon Paul Marie | Director | 2014-07-01 | 2016-10-01 |
| VEIT, Hans Christopher | Director | 2016-03-21 | 2017-01-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ithaca Spe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-01-13 | Active |
Filing timeline
Last 20 of 294 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2026-08-20 | CH01 | officers | Change person director company with change date | |
| 2026-06-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-06-17 | CH01 | officers | Change person director company with change date | |
| 2025-12-27 | AA | accounts | Accounts with accounts type full | |
| 2025-08-01 | CH01 | officers | Change person director company with change date | |
| 2025-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-06 | AA | accounts | Accounts with accounts type full | |
| 2024-11-19 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-10-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-20 | CH01 | officers | Change person director company with change date | |
| 2024-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-20 | AA | accounts | Accounts with accounts type full | |
| 2024-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-07 | CH01 | officers | Change person director company with change date | |
| 2023-09-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.