ENTERPRISE OIL MIDDLE EAST LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-24 (in 1mo)
Last made up 2025-06-10
Watchouts
Cash
—
Latest balance sheet
Net assets
£130M
-74.7% vs 2023
Employees
—
Average over period
Profit before tax
-£25M
-113.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
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 | £19,868,000 | £38,658,000 | |
| Operating profit | -£424,000 | -£4,532,000 | |
| Profit before tax | £181,963,000 | -£24,560,000 | |
| Net profit | £183,781,000 | -£23,392,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £559,257,000 | £194,878,000 | |
| Net assets | £513,044,000 | £130,028,000 | |
| Equity | £513,044,000 | £130,028,000 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
Values shown as filed in the company's annual accounts. — 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
+94.6%
£19,868,000 £38,658,000
-
Cash
—
Not reported
-
Net assets
-74.7%
£513,044,000 £130,028,000
-
Employees
—
Not reported
-
Operating profit
-968.9%
-£424,000 -£4,532,000
-
Profit before tax
-113.5%
£181,963,000 -£24,560,000
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 | -2.1% | -11.7% | |
| Net margin | 925.0% | -60.5% | |
| Return on capital employed | -0.1% | -2.3% | |
| Gearing (liabilities / total assets) | 18.4% | 45.9% | |
| Current ratio | 1.02x | 1.03x | |
| Interest cover | -0.25x | -2.00x |
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 1 time since incorporation
- ENTERPRISE OIL MIDDLE EAST LIMITED 1996-06-20 → present
- SAFECHANCE LIMITED 1991-09-30 → 1996-06-20
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared under the going concern basis as the Directors are satisfied that the Company has adequate resources to meet its financial commitments over the going concern period to 31 December 2026.”
Group structure
- ENTERPRISE OIL MIDDLE EAST LIMITED · parent
- Shell Upstream Overseas Services (I) Limited 100%
Significant events
- “On December 5, 2024, Shell and Equinor ASA, announced the combination of their UK offshore oil and gas assets and expertise to form a new company which will be the UK North Sea's biggest independent producer.”
- “On 31 May 2024, the Company approved a capital reduction, which entailed cancelling and extinguishing 300,000,000 Ordinary shares of £1.00 each in the capital of the Company.”
- “At 31 December 2024 the assets and associated liabilities were classified as held for sale and the results for the year as a discontinued operation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 49 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PECTEN SECRETARIES LIMITED | Corporate Secretary | 2022-11-01 | — | — |
| CHOPRA, Avinash | Director | 2025-12-01 | Aug 1989 | Indian |
| SIDDIQUI, Muhammad Hisham | Director | 2026-02-02 | Feb 1978 | Pakistani |
| UPRICHARD, Jill | Director | 2025-12-01 | Apr 1977 | British |
Show 49 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GIBNEY, Vivien Murray | Secretary | 1998-03-30 | 1999-02-01 |
| INGRAM, Peter William Irving | Secretary | 1997-06-23 | 1998-03-30 |
| LEE, Jonathan Joshua | Secretary | 1996-06-19 | 1997-06-23 |
| RIPLEY, Lesley Elizabeth | Secretary | — | 1996-06-19 |
| WHITE, Mark Jonathan | Secretary | 1999-02-01 | 2002-06-30 |
| SHELL CORPORATE SECRETARY LIMITED | Corporate Secretary | 2002-07-01 | 2022-11-01 |
| ANDERSON, Mary Grace | Director | 2006-03-30 | 2007-05-18 |
| ARMOUR, Andrew Richard, Doctor | Director | 1996-06-19 | 2002-02-01 |
| BRASS, Lorin Lee | Director | 2002-05-08 | 2002-05-29 |
| BROCKLEBANK, Andrew Edward | Director | 2020-04-01 | 2025-12-01 |
| CHAUHAN, Aman | Director | 2023-01-09 | 2025-02-06 |
| CRAIG, Ian | Director | 2001-11-01 | 2002-05-08 |
| DAVIES, Paul Graham Hamblin | Director | 2002-11-12 | 2005-12-08 |
| DIBUA, Egbeazien Philippa Cornelia | Director | 2024-06-01 | 2025-12-01 |
| EIDE, Marianne Wold | Director | 2016-10-18 | 2021-05-31 |
| FRIEDLANDER, Colin David | Director | 1998-09-01 | 1999-02-01 |
| GARDY, Dominique | Director | 2002-05-08 | 2002-07-01 |
| GASKELL, Ralph Neil | Director | 2002-05-08 | 2003-11-03 |
| GIBNEY, Vivien Murray | Director | — | 1996-06-19 |
| GORDON, Jonathan Stuart | Director | 2009-04-01 | 2013-12-31 |
| HADFIELD, John Paul Simeon | Director | 2016-10-18 | 2017-01-09 |
| HAND, Auastin Francis | Director | 2008-08-06 | 2015-02-28 |
| HARRISON, Nicholas Charles | Director | 2006-06-07 | 2009-03-27 |
| HART, William Allan | Director | 2006-03-30 | 2006-09-30 |
| HOPE, Peter Mark | Director | 1996-06-19 | 1999-05-20 |
| JAIN, Saurabh | Director | 2021-10-01 | 2024-06-01 |
| JONES, Howard Edwin Lotgering | Director | 2018-05-28 | 2021-09-30 |
| JUNGELS, Pierre Jean Marie Henri, Dr | Director | 1997-01-01 | 2001-10-31 |
| KAPPELLE, Derk | Director | 2006-03-30 | 2006-05-19 |
| KEMSHELL, David Michael | Director | 2015-03-01 | 2016-09-30 |
| KLAP, Frits Michiel Alexander | Director | 2016-10-18 | 2017-12-31 |
| LAIDLAW, William Samuel Hugh | Director | 2001-11-01 | 2002-05-08 |
| LONGDEN, Andrew William | Director | 2003-11-03 | 2005-03-15 |
| MARTIN, David John | Director | 2006-10-02 | 2008-07-31 |
| MATHER, Graham | Director | — | 1993-02-16 |
| MAXWELL, Robert James | Director | 2020-04-01 | 2023-01-10 |
| OUELLETTE, Shannon Lorraine | Director | 2018-02-12 | 2020-03-31 |
| PATERSON, Iain Stayton | Director | 1996-06-19 | 1998-09-01 |
| PINK, Michael John | Director | 1996-06-19 | 1996-12-31 |
| SHILSTON, Andrew Barkley | Director | 1993-12-14 | 2002-05-08 |
| SMART, Erica Jane | Director | 2021-07-05 | 2024-06-01 |
| SPROUSE, Rolynda Ann | Director | 2014-01-31 | 2016-10-31 |
| STRENG, Chris | Director | 2002-07-15 | 2002-10-31 |
| THOMAS, Peter Neil | Director | 1993-03-08 | 1996-06-19 |
| VAN BUNNIK, Johannes Simon Maria | Director | 2017-03-01 | 2018-04-16 |
| VASEY, Bethan Sara | Director | 2025-02-06 | 2025-12-01 |
| WALMSLEY, John Arthur | Director | — | 1993-12-14 |
| WATTS, Kevin Paul | Director | 1998-02-12 | 2002-05-08 |
| WISEMAN, Richard Max | Director | 2002-05-08 | 2005-10-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Enterprise Oil Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm, right-to-appoint-and-remove-directors-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 240 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-31 RESOLUTIONS Resolution
| 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 | |
| 2025-12-02 | 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 | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-25 | AA | accounts | Accounts with accounts type full | |
| 2024-06-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-31 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-05-31 | SH20 | capital | Legacy | |
| 2024-05-31 | CAP-SS | insolvency | Legacy | |
| 2024-05-31 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-16 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 2
- Officers appointed
- 3
- 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.