BG KARACHAGANAK LIMITED
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Cash
£881k
USD 1,187,000
+53.3% highest in 3 filed years
Net assets
£1.6bn
USD 2,089,001,000
-9% lowest in 3 filed years
Employees
9
+12.5% highest in 3 filed years
Profit before tax
£388m
USD 522,397,000
-24.3% lowest in 3 filed years
Watch the reel
Our short-form breakdown of BG KARACHAGANAK LIMITED's latest filing
Shell's UK subsidiary for the Karachaganak field just filed its accounts. A billion in turnover, a drone attack, and a massive dividend. 🛢️
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 | £880,127,863 | £946,497,135 | £782,022,263 | -17.4% | |
| Operating profit | £495,866,803 | £510,755,333 | £390,639,703 | -23.5% | |
| Profit before tax | £496,509,256 | £511,901,465 | £387,678,664 | -24.3% | |
| Net profit | £325,201,600 | £332,934,575 | £257,830,798 | -22.6% | |
| Cash | £184,343 | £574,658 | £880,891 | +53.3% | |
| Total assets less current liabilities | £2,071,892,846 | £2,121,719,198 | £2,393,898,330 | +12.8% | |
| Net assets | £1,681,262,943 | £1,704,531,996 | £1,550,279,035 | -9% | |
| Equity | £1,681,262,943 | £1,704,531,996 | £1,550,279,035 | -9% | |
| Average employees | 8 | 8 | 9 | +12.5% | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £330,309 | £197,403 | -40.2% | |
| Directors' pension contributions | — | £71,633 | — | — | |
| Highest paid director | — | £235,594 | — | — |
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 | 56.3% | 54.0% | 50.0% | |
| Net margin | 36.9% | 35.2% | 33.0% | |
| Return on capital employed | 23.9% | 24.1% | 16.3% | |
| Gearing (liabilities / total assets) | 27.9% | 26.6% | 37.7% | |
| Current ratio | 1.37x | — | — | |
| Interest cover | 73.61x | 78.83x | 37.96x |
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 3 times since incorporation
- BG KARACHAGANAK LIMITED 1998-07-03 → present
- BG NO.1 LIMITED 1998-02-20 → 1998-07-03
- BRITISH GAS EMPLOYEE SHARES TRUSTEES LIMITED 1997-02-17 → 1998-02-20
- BG EMPLOYEE SHARES TRUSTEES LIMITED 1996-12-18 → 1997-02-17
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered the potential risks and uncertainties relating to ongoing wars, 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 2025 on a going concern basis.”
Significant events
- “The conflict in the Middle East has led to significant and ongoing disruption across global energy markets, creating uncertainty around supply, pricing and operational stability. Stakeholders are increasingly focused on potential impacts on people, operations, contractual performance and the availability of key products.”
- “On 29 June 2026, the Company paid interim dividends amounting to $550 million.”
- “In 2014, the Republic issued a Notice of Arbitration ("NoA") in respect of certain cost recovery exception ("CRE") claims as well as certain other contractual interpretation allegations. From then until early 2023, the Republic updated its NoA on a yearly basis, with an additional year of CRE's being added with each update.”
- “The Republic submitted its Statement of Claim on 1 April 2024. Contractors filed a Statement of Defense on a sample set of claims on 11 December 2024. A partial award regarding that sample set of claims was received from the tribunal on 21 January 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 60 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PECTEN SECRETARIES LIMITED | Corporate Secretary | 2022-11-01 | — | — |
| COOGAN, Suzanne Maureen | Director | 2025-07-01 | Nov 1982 | Irish |
| KEMULARIA, Tsira | Director | 2022-10-17 | Jan 1977 | British,Georgian |
| MCMAHON, David James | Director | 2024-09-30 | Mar 1975 | British |
| SUNDARAM, Manavala Kalyana | Director | 2017-07-01 | May 1972 | British |
| SHELL CORPORATE DIRECTOR LIMITED | Corporate Director | 2018-07-13 | — | — |
Show 60 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRY, Chloe Silvana | Secretary | 2013-07-22 | 2017-02-13 |
| DUNN, Rebecca Louise | Secretary | 2010-09-14 | 2016-05-31 |
| ENNETT, Cayley Louise | Secretary | 2015-10-01 | 2016-07-31 |
| GRIFFIN, John Edward Henry | Secretary | 1996-12-18 | 2003-04-22 |
| INMAN, Carol Susan | Secretary | 2003-04-22 | 2013-07-22 |
| MCCULLOCH, Alan William | Secretary | 2007-09-14 | 2012-04-27 |
| MOORE, Paul Anthony | Secretary | 2005-08-05 | 2007-09-14 |
| THOMAS, Luke | Secretary | 1998-08-25 | 1999-01-14 |
| SHELL CORPORATE SECRETARY LIMITED | Corporate Secretary | 2016-07-31 | 2022-11-01 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 1996-12-18 | 1996-12-18 |
| AFFLECK, Lewis Grant | Director | 2004-04-27 | 2008-07-21 |
| AL-JANABI, Ali | Director | 2024-08-28 | 2025-07-01 |
| ANDERSEN, Larry Alan | Director | 2004-08-23 | 2005-10-01 |
| ANDREW, Elizabeth Clare | Director | 2021-08-03 | 2022-06-30 |
| BERGEN, Duncan Herman Van | Director | 2016-05-23 | 2017-09-18 |
| BERGET, Jorn Arild | Director | 2005-01-19 | 2010-01-28 |
| BLAKER, Nicholas William Hermann | Director | 2017-04-06 | 2017-07-01 |
| BROWN, Malcolm Archibald Halliday | Director | 1998-07-28 | 1999-11-01 |
| BURMEISTER, German | Director | 2021-08-10 | 2024-08-22 |
| BURRARD-LUCAS, Stephen Charles | Director | 1998-07-28 | 1998-11-30 |
| CHAPMAN, Frank Joseph | Director | 1998-07-28 | 2004-12-30 |
| COLLINGWOOD, Jonathan Mark | Director | 2012-01-10 | 2014-10-03 |
| DOUGHTY, Donald Glenwood | Director | 1998-07-28 | 2000-08-31 |
| DRANFIELD, Peter | Director | 2008-07-21 | 2009-12-21 |
| FLOWERS, John Peter | Director | 2008-07-21 | 2010-01-29 |
| FORBES, Timothy John | Director | 1998-07-28 | 1999-11-01 |
| FOX, Nicola Mary | Director | 2014-12-12 | 2016-08-31 |
| FRIEDRICH, William Michael | Director | 1999-11-01 | 2005-03-17 |
| FYSH, Stuart Alfred, Dr | Director | 2004-08-23 | 2008-11-24 |
| GRIFFIN, John Edward Henry | Director | 1996-12-18 | 1998-07-28 |
| HALL, Graham | Director | 2012-11-07 | 2015-02-02 |
| HOUSTON, Martin Joseph | Director | 1999-11-01 | 2010-01-21 |
| HUGHES, John David | Director | 2010-11-01 | 2012-01-05 |
| KHOSLA, Deepak | Director | 2013-09-13 | 2024-10-31 |
| LAZARE, Olivier Marie Charles, Mr. | Director | 2017-09-18 | 2021-06-01 |
| LEIJTEN, Sarah Alexandra | Director | 2009-12-01 | 2010-01-26 |
| LIDDELL, Richard Thomas | Director | 1998-07-28 | 1999-06-01 |
| MARKHAM, Una | Director | 1996-12-18 | 1998-07-28 |
| MARTIN-DAVIS, Andrew | Director | 2015-03-02 | 2016-05-31 |
| MCMANUS, David | Director | 2000-05-23 | 2004-09-30 |
| MORROW, John Andrew Corran | Director | 1998-07-28 | 2004-08-23 |
| MULGROVE, Anthony John | Director | 2005-10-01 | 2008-07-21 |
| MURPHY, Aidan John | Director | 2021-06-01 | 2021-08-10 |
| O'SHEA, Christopher Michael | Director | 2012-01-10 | 2012-10-10 |
| O'SHEA, Christopher Michael | Director | 2009-12-01 | 2010-11-01 |
| PRESTON, David | Director | 1998-07-28 | 1999-08-27 |
| ROBERTS, David E | Director | 2003-02-03 | 2006-03-10 |
| SEATON, James Gareth | Director | 2015-01-27 | 2016-10-31 |
| SIMMONDS, David Edward | Director | 2003-08-27 | 2004-04-27 |
| SUTCLIFFE, Sean George Cronin | Director | 2004-08-23 | 2004-12-30 |
| SUTCLIFFE, Sean George Cronin | Director | 1998-07-28 | 1999-11-01 |
| TAYLOR, William Emil | Director | 2012-01-10 | 2013-12-31 |
| THORNLEY, Brian Ralph | Director | 1998-07-28 | 1999-11-01 |
| TRAFFORD, Edward Le Marchant | Director | 1998-09-29 | 2000-08-31 |
| TUCKER, Roger Morris, Dr | Director | 2011-11-28 | 2012-01-13 |
| WALSHE, Edward Thomas | Director | 1998-07-28 | 1999-11-01 |
| WELSH, Brian John | Director | 2009-12-01 | 2011-11-30 |
| WHYTE, Stephen James | Director | 2010-03-15 | 2011-11-07 |
| WORMLEY, Jon Clarke | Director | 1998-12-01 | 2004-12-30 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 1996-12-18 | 1996-12-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bg International Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 236 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-09 | AA | accounts | Accounts with accounts type full | |
| 2026-06-04 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-05-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-05-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-31 | CH01 | officers | Change person director company with change date | |
| 2025-12-31 | CH01 | officers | Change person director company with change date | |
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-07-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-19 | AA | accounts | Accounts with accounts type full | |
| 2024-11-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-13 | AA | accounts | Accounts with accounts type full | |
| 2023-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.