NEO NEXT + ENERGY OIL TRADING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-02 (in 10mo)
Last made up 2026-02-16
Watchouts
Cash
—
Latest balance sheet
Net assets
-£245M
USD -327,762,000
+5.3% vs 2023
Employees
0
Average over period
Profit before tax
£9M
USD 12,166,000
+112.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, as the Directors do not currently have full visibility over the business plan for the enlarged entity, cash flow forecasts or funding arrangements of the new enlarged group, the Directors consider that this represents a material uncertainty that may cast significant doubt on the Group's and Company's ability to continue as a going concern.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | — | £23,174 | |
| Operating profit | -£61,911,490 | £20,509,830 | |
| Profit before tax | -£72,079,689 | £9,094,715 | |
| Net profit | -£49,120,879 | £13,740,001 | |
| Cash | — | — | |
| Total assets less current liabilities | £6,916,349 | -£17,323,765 | |
| Net assets | -£258,759,064 | -£245,019,063 | |
| Equity | -£258,759,064 | -£245,019,063 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £0 | £0 |
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
—
Not reported
-
Cash
—
Not reported
-
Net assets
+5.3%
-£258,759,064 -£245,019,063
-
Employees
—
Not reported
-
Operating profit
+133.1%
-£61,911,490 £20,509,830
-
Profit before tax
+112.6%
-£72,079,689 £9,094,715
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 | — | 88503.6% | |
| Net margin | — | 59290.6% | |
| Return on capital employed | -895.1% | -118.4% | |
| Gearing (liabilities / total assets) | 661.2% | 705.5% | |
| Current ratio | 0.04x | 0.11x | |
| Interest cover | -6.05x | 1.74x |
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 7 times since incorporation — the current trading name was adopted 2026-04-02
- NEO NEXT + ENERGY OIL TRADING LIMITED 2026-04-02 → present
- NEO ENERGY OIL TRADING LIMITED 2025-08-04 → 2026-04-02
- REPSOL OIL TRADING LIMITED 2023-11-08 → 2025-08-04
- REPSOL SINOPEC OIL TRADING LIMITED 2016-07-04 → 2023-11-08
- TALISMAN SINOPEC OIL TRADING LIMITED 2012-12-17 → 2016-07-04
- TALISMAN OIL TRADING LIMITED 2000-08-24 → 2012-12-17
- GOAL OIL TRADING LIMITED 1990-03-07 → 2000-08-24
- GROVECARD LIMITED 1988-10-20 → 1990-03-07
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, as the Directors do not currently have full visibility over the business plan for the enlarged entity, cash flow forecasts or funding arrangements of the new enlarged group, the Directors consider that this represents a material uncertainty that may cast significant doubt on the Group's and Company's ability to continue as a going concern.”
Significant events
- “On 27 March 2025 Repsol E&P and NEO Energy Group Limited ("NEO UK") have announced an agreement to consolidate their UK North Sea upstream business through a share-for-share combination. On deal completion, the merged entity will be jointly owned by Repsol E&P Group (45%) and Neo UK (55%).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 54 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCINTOSH, Andrew Graham | Secretary | 2025-07-29 | — | — |
| BURNESS PAULL LLP | Corporate Secretary | 2025-07-29 | — | — |
| GAIR, Robert Huw | Director | 2025-07-29 | Oct 1980 | British |
| MCINTOSH, Andrew Graham | Director | 2025-07-29 | Jul 1973 | British |
| PAYER, Nicolas Bertrand | Director | 2026-03-30 | Sep 1965 | French |
| RIGARDO, Ferdinando | Director | 2024-09-30 | Feb 1965 | Italian |
Show 54 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARBARA, Gemma | Secretary | 2014-01-20 | 2025-07-29 |
| BUTLER, Brenda Mary | Secretary | 1996-01-31 | 1999-04-05 |
| COWIE, Louise Anne | Secretary | 2004-02-16 | 2006-07-26 |
| CRAW, Jacquelynn Forsyth | Secretary | 2002-07-12 | 2009-12-22 |
| LOWSON, Gillian | Secretary | 2009-12-22 | 2013-06-17 |
| WATERS, Kenneth | Secretary | — | 1996-01-31 |
| ZEMP, Gary Rulon | Secretary | 1999-04-05 | 2002-07-12 |
| AINSLEY, Nicholas Wilhelm | Director | 2009-01-06 | 2010-06-30 |
| AINSLEY, Nicholas Wilhelm | Director | 2003-10-09 | 2003-10-29 |
| BAILLIE, John Robert | Director | 2014-10-27 | 2016-03-31 |
| BLAKELEY, Alexander Paul | Director | 1998-07-31 | 2005-12-12 |
| BOOHER, Rodney | Director | 2010-06-30 | 2011-03-01 |
| BOYD, David Gordon Murdoch | Director | — | 1995-01-03 |
| BUCKEE, James William | Director | 1996-01-29 | 2007-09-30 |
| CABRA, Luis Aurelio | Director | 2015-05-08 | 2018-09-27 |
| CHEN, Guangjun | Director | 2017-03-27 | 2017-08-21 |
| COX, Thomas Francis | Director | 1992-10-19 | 1996-01-23 |
| CRAW, Jacquelynn Forsyth | Director | 2004-01-01 | 2009-11-19 |
| DAWSON, Andrew Philip | Director | 2001-08-30 | 2003-04-01 |
| DE VICENTE BRAVO, Jose Carlos | Director | 2018-09-27 | 2024-09-30 |
| DOLAN, Philip David | Director | 2007-10-01 | 2012-12-17 |
| FERNEYHOUGH, Paul Anthony | Director | 2009-12-23 | 2010-01-29 |
| FORREST, John Eason | Director | 2009-08-17 | 2011-01-28 |
| FORREST, John Eason | Director | 2008-12-16 | 2009-01-05 |
| GARCIA BLANCO, Manuel Tomas | Director | 2015-09-30 | 2022-09-08 |
| GAVIN, Adrian | Director | 2012-08-09 | 2012-12-17 |
| HESLOP, David Owen | Director | 2008-09-22 | 2008-11-04 |
| HOLMES, Geoffrey Robert | Director | 2011-02-03 | 2012-12-17 |
| HOLMES, Geoffrey Robert | Director | 2008-12-16 | 2009-01-06 |
| LIU, Rudong | Director | 2017-07-18 | 2018-07-05 |
| LO, Che Hung | Director | 2017-08-21 | 2020-12-31 |
| MANDERSON, Michael Lindsay | Director | 2010-06-30 | 2011-03-01 |
| MCDONALD, Michael Dean | Director | 1996-01-23 | 1998-09-30 |
| MITHEN, David Patrick | Director | 1998-09-30 | 2009-01-05 |
| MOORE, Dale Kelly | Director | 2018-07-05 | 2023-10-31 |
| POTTER, Shaun Timothy | Director | 2008-09-22 | 2008-11-04 |
| RIQUELME, Francisco Jose Gea Pascual Del | Director | 2022-09-08 | 2024-09-30 |
| RITCHIE, Duncan | Director | — | 1996-01-23 |
| ROONEY, Robert Ross | Director | 2013-05-20 | 2015-05-08 |
| SHEIKH, Adam Alum | Director | 2024-09-30 | 2026-03-30 |
| SHEPPARD, Mary Jacqueline | Director | 1996-01-29 | 2008-09-01 |
| STABBINS, Richard, Dr | Director | 1992-10-19 | 1996-01-23 |
| THOMSON, Scott | Director | 2012-12-17 | 2013-05-20 |
| VALDERRAMA, German Dario Castro | Director | 2024-09-30 | 2025-07-29 |
| VAN DER GAAG, Aernout | Director | 2011-03-01 | 2012-08-09 |
| VAN GELOVEN, Johannes Franciscus | Director | 2016-04-01 | 2016-07-12 |
| WALKER, Nicholas John Robert | Director | 2005-12-12 | 2009-08-17 |
| WARRENDER, John Mcandrew | Director | 2016-07-13 | 2017-07-18 |
| WARWICK, Paul Cyril | Director | 2012-12-17 | 2015-09-30 |
| WATERS, Kenneth | Director | — | 1996-01-23 |
| WHYTE, Douglas | Director | 2011-03-01 | 2012-12-17 |
| YE, Jifeng | Director | 2012-12-17 | 2014-10-27 |
| ZHANG, Yi | Director | 2012-12-17 | 2017-03-27 |
| ZHAO, Quanmin | Director | 2020-12-31 | 2023-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Neo Next + Energy North Sea Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 242 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-02 CERTNM Certificate change of name company PDF
- 2025-10-22 CC04 Statement of companys objects
- 2025-10-07 MA Memorandum articles
- 2025-10-07 RESOLUTIONS Resolution
- 2025-08-04 CERTNM Certificate change of name company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-04-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-22 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-10-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-07 | MA | incorporation | Memorandum articles | |
| 2025-10-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-28 | CH01 | officers | Change person director company with change date | |
| 2025-08-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-04 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-07-30 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-07-30 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 3
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.