NEO NEXT + ENERGY LNS LIMITED

• ⚠

  Material uncertainty over going concern

  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.

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

• Turnover

  -76.7%

  £4,024,819 → £937,430

• Cash

  —

  Not reported

• Net assets

  -158.7%

  -£1,363,534 → -£3,526,949

• Employees

  —

  Not reported

• Operating profit

  -89.1%

  £4,332,062 → £473,948

• Profit before tax

  -141.6%

  £4,273,006 → -£1,776,183

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

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.

1. NEO NEXT + ENERGY LNS LIMITED 2026-04-02 → present
2. NEO ENERGY LNS LIMITED 2025-08-04 → 2026-04-02
3. REPSOL LNS LIMITED 2023-11-08 → 2025-08-04
4. REPSOL SINOPEC LNS LIMITED 2016-07-04 → 2023-11-08
5. TALISMAN SINOPEC LNS LIMITED 2012-12-17 → 2016-07-04
6. TALISMAN LNS LIMITED 2005-08-18 → 2012-12-17
7. LUNDIN NORTH SEA LIMITED 1998-04-15 → 2005-08-18
8. SANDS NORTH SEA LIMITED 1995-11-01 → 1998-04-15
9. NESTE NORTH SEA LIMITED 1990-06-14 → 1995-11-01
10. SUPPLYHOLD LIMITED 1990-03-20 → 1990-06-14

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“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. The transaction is targeted to complete in Q3 2025.”
• “The group performed a review of its onshore operating model and identified changes necessary to ensure efficient, sustainable operations into the future. A collective consultation for the onshore team started on 19 April 2024 leading to up to 64 redundancies.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.