ENQUEST HEATHER LIMITED

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

  -21%

  £1,000,926,217 → £790,959,109

• Cash

  -8.2%

  £187,117,440 → £171,818,046

• Net assets

  +23.4%

  £356,920,087 → £440,332,661

• Employees

  —

  Not reported

• Operating profit

  -146.2%

  £276,549,301 → -£127,835,838

• Profit before tax

  -31.3%

  £210,669,059 → £144,699,110

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. ENQUEST HEATHER LIMITED 2010-05-06 → present
2. LUNDIN HEATHER LIMITED 2004-02-20 → 2010-05-06
3. DNO HEATHER LIMITED 1997-07-02 → 2004-02-20
4. UNOCAL BRITAIN LIMITED 1992-12-09 → 1997-07-02
5. YEARNRARE LIMITED 1992-09-21 → 1992-12-09

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the binding letter of support received from the ultimate parent company, the EnQuest Group's robust liquidity position, strong cash flows and a range of plausible sensitivities. Having made appropriate enquiries, the Directors have concluded that the Company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of this report and have therefore concluded that the going concern basis of accounting is appropriate.”

Group structure

1. ENQUEST HEATHER LIMITED · parent
   1. EnQuest Thistle Limited 100% · England and Wales · Dormant
   2. EnQuest UKCS Limited 100% · England and Wales · Dormant
   3. Stratic UK (Holdings) Limited 100% · England and Wales · Dormant
   4. EnQuest NNS Holdings Limited 100% · England and Wales · Dormant
   5. EnQuest Heather Leasing Limited 100% · England and Wales · Non trading
   6. EnQuest Advance Holdings Limited 100% · England and Wales · Dormant
   7. EnQuest Forward Holdings Limited 100% · England and Wales · Dormant
   8. EnQuest Forward Limited 100% · England and Wales · Dormant
   9. EnQuest NNS Limited 100% · England and Wales · Dormant
   10. North Sea (Golden Eagle) Resources Ltd 100% · England and Wales · Non trading
   11. EnQuest Advance Limited 100% · England and Wales · Non trading
   12. EnQuest Progress Limited 100% · England and Wales · Exploration

Significant events

• “In September 2024, the Company transferred a 35% interest in the Bressay development field to EnQuest Progress Limited, a fellow subsidiary.”
• “In October 2024, the Company fully repaid the US Dollar Term Loan of $150.0 million.”
• “Subsequent to the year-end the Company entered into a series of bonus issues and capital reductions resulting in the $99.0 million other reserves transferring into retained earnings with no impact on total equity.”

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

2

last 12 months

Officers resigned

2

last 12 months

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