NEO NEXT+ ENERGY (UKCS) LIMITED
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Cash
£0
USD 0
-100% lowest in 3 filed years
Net assets
-£79m
USD -106,530,000
-5.2% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£5.6m
USD -7,531,000
+44.5% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | £164,849,388 | £645,495 | £0 | -100% | |
| Operating profit | -£70,829,934 | -£7,522,286 | £11,865,677 | +257.7% | |
| Profit before tax | -£101,750,078 | -£10,070,041 | -£5,588,868 | +44.5% | |
| Net profit | -£92,870,254 | -£18,694,683 | -£8,976,623 | +52% | |
| Cash | £83,935 | £5,058,898 | £0 | -100% | |
| Total assets less current liabilities | £345,527,142 | £128,035,657 | £113,188,126 | -11.6% | |
| Net assets | -£62,113,273 | -£75,162,369 | -£79,057,514 | -5.2% | |
| Equity | -£62,113,273 | -£75,162,369 | -£79,057,514 | -5.2% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | £0 | £0 | — | — | |
| Directors' remuneration | £0 | £0 | — | — | |
| Directors' pension contributions | £0 | £0 | — | — | |
| Highest paid director | £0 | £0 | — | — |
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 | -43.0% | — | — | |
| Net margin | -56.3% | — | — | |
| Return on capital employed | -20.5% | -5.9% | 10.5% | |
| Gearing (liabilities / total assets) | 115.5% | 143.8% | 155.9% | |
| Current ratio | 2.80x | 8.42x | 5.69x | |
| Interest cover | -2.28x | -2.93x | 0.68x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 6 times since incorporation — the current trading name was adopted 2026-03-30
- NEO NEXT+ ENERGY (UKCS) LIMITED 2026-03-30 → present
- NEO ENERGY (UKCS) LIMITED 2019-11-19 → 2026-03-30
- VERUS PETROLEUM (UKCS) LIMITED 2018-11-19 → 2019-11-19
- VERUS PETROLEUM (UKCS) LIMITED LIMITED 2018-11-19 → 2018-11-19
- CIECO EXPLORATION AND PRODUCTION (UK) LIMITED 1997-09-17 → 2018-11-19
- CIECO UK LIMITED 1992-07-01 → 1997-09-17
- GLADESTREAM LIMITED 1991-12-10 → 1992-07-01
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis Further information relating to the going concern assumption is provided in note 2, including the basis of the Directors’ assessment of the Company’s ability to continue as a going concern”
Significant events
- “On 8 December 2025, the Group announced its intention to combine with TotalEnergies' UK offshore oil & gas production business”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 53 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCINTOSH, Andrew Graham | Secretary | 2025-07-29 | — | — |
| GAIR, Robert Huw | Director | 2023-01-20 | Oct 1980 | British |
| MCINTOSH, Andrew Graham | Director | 2019-09-25 | Jul 1973 | British |
| PAYER, Nicolas Bertrand | Director | 2026-03-30 | Sep 1965 | French |
| RIGARDO, Ferdinando | Director | 2025-07-29 | Feb 1965 | Italian |
Show 53 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GUPTA, Amit | Secretary | 2010-04-12 | 2018-11-19 |
| KATSUMATA, Makoto | Secretary | 2007-01-08 | 2010-04-12 |
| KIKUYAMA, Tadaaki | Secretary | 1994-05-19 | 2000-10-03 |
| MCINTOSH, Andrew Graham | Secretary | 2018-11-19 | 2024-09-02 |
| PRESLY, Victoria Katie | Secretary | 2024-09-02 | 2025-07-29 |
| TANAKA, Masayasu | Secretary | 1992-07-01 | 1994-05-19 |
| TOGE, Mitsuhide | Secretary | 2002-10-02 | 2007-01-08 |
| YANO, Hideo | Secretary | 2000-10-03 | 2002-10-02 |
| BURNESS PAULL LLP | Corporate Secretary | 2018-11-19 | 2018-11-19 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 1991-12-06 | 1992-07-01 |
| ADAMS, Robert Stephen | Director | 2020-06-30 | 2023-01-20 |
| AKIYAMA, Tomoatsu | Director | 1995-04-20 | 1996-12-01 |
| ALTON, Russell Alexander | Director | 2020-09-01 | 2023-01-20 |
| BAILLIE, John Miller | Director | 2018-11-19 | 2020-03-31 |
| BREEZE, Peter | Director | 1995-01-01 | 1996-04-30 |
| CAMPBELL, Peter Findlay | Director | 2018-11-19 | 2019-09-30 |
| CHRISTIE, Colin | Director | 2018-11-19 | 2019-09-30 |
| CORRIE, Glenn David Benjamin | Director | 2019-09-25 | 2020-06-30 |
| CURRAN, Alan Thomas | Director | 2018-11-19 | 2019-09-30 |
| HARRIS, Paul | Director | 2020-01-27 | 2024-10-11 |
| HASHIMOTO, Keizo | Director | 2002-04-19 | 2006-04-03 |
| HIROKAWA, Shoji | Director | 2008-05-16 | 2017-04-01 |
| HIROSE, Keiichi | Director | 1992-07-01 | 1995-04-20 |
| IMAMURA, Hisamichi | Director | 2017-04-01 | 2018-11-19 |
| ISHIBASHI, Suo | Director | 2016-04-01 | 2017-06-30 |
| JONES, Alan Michael | Director | 1991-12-06 | 1992-04-24 |
| KANEKO, Takeshi | Director | 1997-01-07 | 1997-05-16 |
| KATSUMATA, Makoto | Director | 2007-01-08 | 2010-04-12 |
| KIKUYAMA, Tadaaki | Director | 1994-05-19 | 2000-10-03 |
| MANZI, Catriona Evelyn | Director | 2024-09-02 | 2025-07-29 |
| MATSUKAWA, Yoshio | Director | 2005-03-30 | 2006-04-03 |
| MATSUKAWA, Yoshio | Director | 1997-04-01 | 2002-05-31 |
| MCKENZIE, Craig | Director | 2024-10-22 | 2025-07-29 |
| MITSUHASHI, Masanori | Director | 2011-10-01 | 2014-04-01 |
| MORI, Toshiyuki | Director | 2016-04-01 | 2018-03-31 |
| MORITA, Shiro | Director | 1992-07-08 | 2002-05-31 |
| NAKAYAMA, Shigeru | Director | 2007-06-01 | 2010-09-01 |
| OGURA, Toru | Director | 2011-04-01 | 2013-10-08 |
| RICHARDS, Martin Edgar | Nominee Director | 1991-12-06 | 1992-07-01 |
| ROWE, Martin James | Director | 2021-08-26 | 2024-10-11 |
| SEIYA, Yuji | Director | 2006-04-03 | 2011-04-01 |
| SHEIKH, Adam Alum | Director | 2025-07-29 | 2026-03-30 |
| SHIGEOKA, Keiji | Director | 1998-03-31 | 2000-10-03 |
| SONO, Tatsuya | Director | 2013-10-08 | 2014-04-01 |
| SUGIMOTO, Tadashi | Director | 2014-04-01 | 2016-04-01 |
| TAKAGI, Masanobu | Director | 2000-03-15 | 2008-05-16 |
| TAKEI, Noriaki | Director | 2006-04-03 | 2007-06-01 |
| TANABE, Akio | Director | 2010-04-12 | 2016-04-01 |
| TANAKA, Masayasu | Director | 1992-07-01 | 1994-05-19 |
| THOMAS, Peter Neil | Director | 2019-09-25 | 2020-04-24 |
| TOKI, Yukimitsu | Director | 1996-04-30 | 1998-03-31 |
| YAMADA, Tetsuya | Director | 2018-04-01 | 2018-11-19 |
| YAMAZAKI, Masao | Director | 2002-05-31 | 2005-03-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Neo Energy Upstream Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-11-19 | Active |
| Itochu Corporation | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2018-11-19 |
Filing timeline
Last 20 of 282 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-30 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-13 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2026-10-13 | PARENT_ACC | accounts | Legacy | |
| 2026-10-13 | GUARANTEE2 | other | Legacy | |
| 2026-10-13 | AGREEMENT2 | other | Legacy | |
| 2026-05-25 | CH01 | officers | Change person director company with change date | |
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-30 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-13 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | CH01 | officers | Change person director company with change date | |
| 2025-08-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-08-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.