BG NORTH SEA HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-06 (in 4mo)
Last made up 2025-08-23
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£2B
USD 2,298,804,000
+1.1% vs 2023
Employees
12
+33.3% vs 2023
Profit before tax
£198M
USD 264,740,000
+1,759.1% vs 2023
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 | £838,006 | £1,650,594 | |
| Operating profit | £72,513 | £395,455 | |
| Profit before tax | -£11,928,684 | £197,906,855 | |
| Net profit | -£14,805,263 | £196,446,886 | |
| Cash | — | — | |
| Total assets less current liabilities | £1,699,985,797 | £1,718,474,994 | |
| Net assets | £1,699,985,797 | — | |
| Equity | £1,699,985,797 | £1,718,474,994 | |
| Average employees | 9 | 12 | |
| Wages | £411,901 | £1,208,791 | |
| Directors' remuneration | — | — |
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
+97%
£838,006 £1,650,594
-
Cash
—
Not reported
-
Net assets
—
Not reported
-
Employees
+33.3%
9 12
-
Operating profit
+445.4%
£72,513 £395,455
-
Profit before tax
+1,759.1%
-£11,928,684 £197,906,855
-
Wages
+193.5%
£411,901 £1,208,791
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 | 8.7% | 24.0% | |
| Net margin | -1766.7% | 11901.6% | |
| Return on capital employed | 0.0% | 0.0% | |
| Gearing (liabilities / total assets) | 1.0% | — | |
| Current ratio | 15.33x | 21.35x | |
| Interest cover | 3.59x | 0.95x |
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 2 times since incorporation
- BG NORTH SEA HOLDINGS LIMITED 1990-11-29 → present
- NORTH SEA HOLDINGS LIMITED 1990-02-02 → 1990-11-29
- CRAMTRIP LIMITED 1989-05-15 → 1990-02-02
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In determining the appropriate basis of preparation of the financial statements, the Directors are required to consider whether the Company can continue in operational existence over the period to 31 December 2026 (the 'going concern period'). The Directors have considered the potential risks and uncertainties relating to ongoing geo-political events and its related economic impact on the Company's business, credit, market, and liquidity position. Based on the above, together with the Directors knowledge and experience of the market, the Directors consider it appropriate to prepare the financial statements for the year ended 31 December 2024 on a going concern basis.”
Group structure
- BG NORTH SEA HOLDINGS LIMITED · parent
- BG Exploration and Production India Limited 100%
- BG Egypt S.A. 100%
- Shell Trinidad and Tobago Limited 100%
- BG India Energy Private Limited 100%
- BG India Energy Services Private Limited 100%
- BG India Energy Solutions Private Limited 100%
- BG Mumbai Holdings Limited 100%
- BG Asia Pacific Holdings Pte. Limited 100%
- BG Asia Pacific Services Pte. Ltd. 100%
- BG Exploration & Production Myanmar Pte. Ltd. 100%
- BG Insurance Company (Singapore) Pte Ltd 100%
- BG Myanmar Pte. Ltd. 100%
- Shell Gas Marketing Pte. Ltd. 100%
- Shell Integrated Gas Thailand Pte.Limited 100%
- Shell Trinidad North Coast Limited 99.98%
- Shell South Asia LNG Limited 100%
Significant events
- “On 5 May 2025 an Annual Funding Plan was approved by the business where BG North Sea Holding Limited would inject equity into Shell Trinidad and Tobago Limited by way of subscription for new ordinary shares for an amount of up to $895 million over the next three year. Based on this funding plan on 22 July 2025 an equity injection of $206 million was made by BG North Sea Holdings Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 79 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PECTEN SECRETARIES LIMITED | Corporate Secretary | 2022-11-01 | — | — |
| CHOPRA, Avinash | Director | 2025-12-01 | Aug 1989 | Indian |
| DALTON, Philip Christopher | Director | 2017-07-07 | Sep 1972 | British |
| SIDDIQUI, Muhammad Hisham | Director | 2026-02-24 | Feb 1978 | Pakistani |
Show 79 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRY, Chloe Silvana | Secretary | 2013-07-22 | 2016-07-31 |
| DUNN, Rebecca Louise | Secretary | 2010-09-24 | 2016-05-31 |
| ENNETT, Cayley Louise | Secretary | 2015-10-01 | 2016-07-31 |
| GRIFFIN, John Edward Henry | Secretary | 1995-06-30 | 2003-04-22 |
| GRIFFIN, John Edward Henry | Secretary | — | 1995-02-02 |
| HUGHES, Graham Paul | Secretary | 1995-02-02 | 1996-09-05 |
| INMAN, Carol Susan | Secretary | 2002-10-25 | 2013-07-22 |
| MARKHAM, Una | Secretary | 1996-09-20 | 1999-01-14 |
| MATHEWS, Benedict John Spurway | Secretary | 2002-11-11 | 2007-07-12 |
| MCCULLOCH, Alan William | Secretary | 2007-07-12 | 2012-04-27 |
| MOORE, Paul Anthony | Secretary | 2005-08-05 | 2005-08-05 |
| SADLER, John Michael | Secretary | — | 1995-06-30 |
| THOMAS, Luke | Secretary | 1998-08-25 | 1999-01-14 |
| SHELL CORPORATE SECRETARY LIMITED | Corporate Secretary | 2016-07-31 | 2022-11-01 |
| ALEXANDER, Michael Richard | Director | 1993-08-03 | 1993-12-31 |
| ARCHIBALD, Gary James | Director | 2017-03-01 | 2021-12-24 |
| BAYOUNES, Mahfoudh | Director | 2011-07-01 | 2014-12-31 |
| BEALL, Arthur Oren, Dr | Director | — | 1993-10-31 |
| BERGET, Jorn Arild | Director | 2005-01-19 | 2009-09-04 |
| BLAKER, Nicholas William Hermann | Director | 2014-04-01 | 2017-08-04 |
| BRADSHAW, Ian Jonathan | Director | 2011-11-10 | 2014-12-19 |
| BRAY, Ken, Dr | Director | — | 1993-08-03 |
| BROCKLEBANK, Andrew Edward | Director | 2020-04-01 | 2025-12-01 |
| BROWN, Malcolm Archibald Halliday | Director | 1996-03-01 | 1999-11-01 |
| BURRARD-LUCAS, Stephen Charles | Director | 1994-07-25 | 1998-11-30 |
| CHAPMAN, Frank Joseph | Director | 1996-11-26 | 2004-12-30 |
| CHAUHAN, Aman | Director | 2023-01-09 | 2025-02-06 |
| COLLINGWOOD, Jonathan Mark | Director | 2012-03-08 | 2014-10-03 |
| COLLINS, Paul Anthony, Dr | Director | — | 1993-08-03 |
| DALTON, Howard William | Director | — | 1995-12-31 |
| DOUGHTY, Donald Glenwood | Director | 1997-10-15 | 2000-08-31 |
| EIDE, Marianne Wold | Director | 2016-10-18 | 2021-05-31 |
| ELLIS, Paul William | Director | 1993-09-23 | 1996-03-01 |
| FORBES, Timothy John | Director | 1995-10-24 | 1999-11-01 |
| FRIEDLANDER, Colin David | Director | 1993-08-03 | 1997-06-02 |
| FRIEDRICH, William Michael | Director | 1999-11-01 | 2001-03-07 |
| FYSH, Stuart Alfred, Dr | Director | 2006-07-27 | 2008-11-24 |
| GALLOWAY, Ian Edward | Director | 2011-06-01 | 2011-10-14 |
| GREGORY, Jack Lee | Director | — | 1994-01-31 |
| HADFIELD, John Paul Simeon | Director | 2016-10-18 | 2017-01-09 |
| HAWKER, Cecil Robert | Director | 1993-09-23 | 1996-03-31 |
| HEWITT, Ian | Director | 2009-02-26 | 2010-08-31 |
| HOPKINSON, Simon Christopher | Director | 2010-11-01 | 2011-04-08 |
| HOUSTON, Martin Joseph | Director | 1999-11-01 | 2010-01-21 |
| HUGHES, John David | Director | 2010-11-01 | 2012-01-05 |
| ISKANDER, Sami Monir Amin | Director | 2009-09-04 | 2010-11-01 |
| JAIN, Saurabh | Director | 2021-10-01 | 2024-06-24 |
| JONES, Howard Edwin Lotgering | Director | 2018-05-28 | 2021-09-30 |
| JUNGLES, Pierre Jean Marie, Dr | Director | 1995-12-19 | 1996-09-24 |
| KEMSHELL, David Michael | Director | 2016-02-16 | 2016-09-30 |
| KLAP, Frits Michiel Alexander | Director | 2016-10-18 | 2017-12-31 |
| LIDDELL, Richard Thomas | Director | 1997-09-04 | 1999-06-01 |
| MARTIN-DAVIS, Andrew | Director | 2015-03-02 | 2016-05-31 |
| MAXWELL, Robert James | Director | 2020-04-01 | 2023-01-10 |
| MCMANUS, David | Director | 2000-05-23 | 2004-09-30 |
| MURPHY, Brian Peter | Director | — | 1994-03-18 |
| O'SHEA, Christopher Michael | Director | 2009-12-18 | 2012-10-10 |
| OUELLETTE, Shannon Lorraine | Director | 2018-02-12 | 2020-03-31 |
| PRESTON, David | Director | 1996-03-31 | 1999-08-27 |
| REED, Geoffrey Edward | Director | 1995-11-21 | 1996-03-01 |
| ROBERTS, David E | Director | 2005-02-08 | 2006-03-10 |
| SCHWARZ, Peter Heinz | Director | 1996-03-01 | 1998-12-31 |
| SEATON, James Gareth | Director | 2015-01-27 | 2016-10-31 |
| SMART, Erica Jane | Director | 2021-07-05 | 2024-06-30 |
| SPROUSE, Rolynda Ann | Director | 2016-02-16 | 2016-10-31 |
| STEWART, John Charles Wilkie | Director | 2009-10-18 | 2012-08-28 |
| SUTCLIFFE, Sean George Cronin | Director | 1998-06-30 | 1999-11-01 |
| TAYLOR, William Emil | Director | 2011-06-01 | 2013-12-31 |
| THORNLEY, Brian Ralph | Director | 1995-10-24 | 1999-11-01 |
| TRAFFORD, Edward Le Marchant | Director | 1998-09-29 | 2000-08-31 |
| VAN BUNNIK, Johannes Simon Maria | Director | 2017-03-01 | 2018-04-16 |
| VASEY, Bethan Sara | Director | 2025-02-06 | 2025-12-01 |
| VERCOE, John Christopher William | Director | — | 1996-12-31 |
| VIDLER, Paul Stephen | Director | 2005-10-18 | 2017-08-04 |
| WALSHE, Edward Thomas, Dr | Director | 1996-10-03 | 1999-11-01 |
| WALSHE, Edward Thomas | Director | 1994-03-01 | 1996-03-04 |
| WEBB, Adrian Rawdon | Director | — | 1996-03-04 |
| WORMLEY, Jon Clarke | Director | 2004-10-06 | 2004-12-30 |
| WORMLEY, Jon Clarke | Director | 1998-12-01 | 2001-03-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bg Energy Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 371 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-08-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-15 | CH01 | officers | Change person director company with change date | |
| 2023-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-28 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2022-11-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-10-05 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- 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.