ITHACA (NE) UKCS LIMITED
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Cash
£0
USD 0
Latest balance sheet
Net assets
-£8.4m
USD -10,754,000
Equity attributable
Employees
0
Average over period
Profit before tax
-£23m
USD -29,203,000
Period ending 2023-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
1-year trend · vs Energy median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £471,447 | — | |
| Operating profit | -£21,217,446 | — | |
| Profit before tax | -£22,907,907 | — | |
| Net profit | -£12,001,098 | — | |
| Cash | £0 | — | |
| Total assets less current liabilities | £19,936,461 | — | |
| Net assets | -£8,435,833 | — | |
| Equity | -£8,435,833 | — | |
| Average employees | 0 | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
Figures converted to GBP from USD at 0.784 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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 |
|---|---|---|
| Return on capital employed | -106.4% | |
| Gearing (liabilities / total assets) | 113.8% | |
| Current ratio | 0.44x | |
| Interest cover | -8.36x |
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 9 times since incorporation — the current trading name was adopted 2024-12-18
- ITHACA (NE) UKCS LIMITED 2024-12-18 → present
- ENI ENERGY E&P UKCS LIMITED 2024-06-10 → 2024-12-18
- NEPTUNE E&P UKCS LIMITED 2018-12-28 → 2024-06-10
- NEPTUNE E&P UK LTD 2018-02-15 → 2018-12-28
- ENGIE E&P UK LIMITED 2016-02-01 → 2018-02-15
- GDF SUEZ E&P UK LTD 2008-11-10 → 2016-02-01
- GDF BRITAIN LIMITED 2008-07-08 → 2008-11-10
- BEF BRITAIN LTD 2008-07-01 → 2008-07-08
- GDF BRITAIN LIMITED 1997-11-19 → 2008-07-01
- GDF (BRITAIN) LIMITED 1997-06-09 → 1997-11-19
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider the preparation of the financial statements on a going concern basis to be appropriate. This is due to the following key factors relevant to the assessment of the Group's ability to continue as a going concern and therefore its ability to provide support if required to the Company: : Continuing robust commodity price backdrop and a well hedged portfolio over the next 24 months; : Reserves Based Lending ("RBL") is undrawn providing liquidity headroom of $1,300 million, plus circa $638 million cash at the end of July 2026; and : Robust operational performance and well-diversified portfolio.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 44 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRIEDMAN, Yaniv | Director | 2024-10-03 | Apr 1974 | Israeli |
| LEWIS, Iain Clifford Scobbie | Director | 2024-10-03 | Dec 1977 | British |
| MCATEER, Julie Elizabeth | Director | 2024-10-03 | Mar 1969 | British |
| VASQUES, Luciano Maria | Director | 2024-01-31 | Apr 1963 | Italian |
Show 44 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASH, Katharine Edwina Louise | Secretary | 2007-05-16 | 2024-10-03 |
| RITCHIE, Ian | Secretary | 1998-03-01 | 1999-10-01 |
| SISEC LIMITED | Corporate Secretary | 1999-10-01 | 2007-05-16 |
| SISEC LIMITED | Corporate Nominee Secretary | 1997-06-09 | 1998-03-01 |
| ABITEBOUL, Jean Pierre | Director | 2003-12-10 | 2005-12-31 |
| BOURSIER, Alex Francois Fernand | Director | 2003-12-10 | 2005-07-25 |
| COLONNA, Jean Luc | Director | 1998-12-21 | 2003-06-24 |
| CONACHER, Ian Stewart | Director | 2017-05-02 | 2018-09-17 |
| DALLET, Laurent | Director | 2015-11-13 | 2018-01-30 |
| DAUGER, Jean Marie | Director | 2002-12-19 | 2007-08-13 |
| DEYIRMENDJIAN, Jacques | Director | 1997-06-09 | 2002-12-19 |
| ESTENSEN, Odin | Director | 2022-04-26 | 2024-01-31 |
| GRUGNI, Giovanni | Director | 2024-06-07 | 2024-10-03 |
| HANSSEN, Maria Moraeus | Director | 2015-08-01 | 2017-11-01 |
| HEDDE, Emmanuel | Director | 1997-06-09 | 2003-12-10 |
| HOLLEAUX, Didier | Director | 2007-09-01 | 2015-08-01 |
| HOLLEAUX, Didier | Director | 1997-06-09 | 2000-07-31 |
| HOUSE, James Lynn | Director | 2018-02-15 | 2021-12-31 |
| HUET, Monique, Madame | Director | 2008-07-01 | 2015-11-20 |
| HUGHES, Mark | Director | 2003-12-10 | 2007-06-29 |
| JONES, Peter David Anderson | Director | 2022-01-01 | 2024-01-31 |
| JONES, Peter David Anderson | Director | 2018-09-03 | 2020-08-01 |
| KNOEBL, Harald | Director | 2017-08-22 | 2024-01-31 |
| LAIDLAW, William Samuel Hugh | Director | 2018-02-15 | 2024-01-31 |
| LUMENS, Armand Jean Margrete | Director | 2019-01-07 | 2024-01-31 |
| MARCUS, Philippe | Director | 2003-07-04 | 2013-01-01 |
| MAROUBY, Jean Claude | Director | 2000-07-25 | 2004-01-01 |
| MIGNARD, Benoit Rene | Director | 2012-01-30 | 2017-09-01 |
| MONTAZ-ROSSET, Rene | Director | 2007-06-29 | 2010-08-01 |
| MUIRHEAD, Alan | Director | 2022-04-26 | 2024-01-31 |
| OSTERRIETH, Cedric Daniel | Director | 2017-11-01 | 2018-02-15 |
| OVERVIK, Terje | Director | 2012-01-16 | 2015-10-31 |
| PEETERS, Geert | Director | 2010-07-01 | 2011-12-01 |
| PERDIGUES, Jean-Claude | Director | 2010-08-01 | 2014-09-01 |
| PRZYDROZNY, Michel | Director | 2000-07-25 | 2003-12-10 |
| RINALDI, Francesca | Director | 2024-06-07 | 2024-10-03 |
| SAMUEL, Jacques Paul Joseph Marie | Director | 2005-11-10 | 2008-07-01 |
| STALLARD, Rosalyn | Director | 2024-01-31 | 2024-06-07 |
| THOMAS, Alexandra Elizabeth Rhoda | Director | 2020-04-06 | 2022-05-01 |
| THOMAS, Peter Neil | Director | 2018-02-15 | 2019-01-07 |
| VERBOCKHAVEN, Hélène Monique Suzanne, Madame | Director | 2015-03-31 | 2017-08-25 |
| WATERLOW, Richard Philip | Director | 2024-01-31 | 2024-06-07 |
| WEULERSSE, Pierre | Director | 1997-06-09 | 1998-12-21 |
| ZOON, Ruud | Director | 2014-08-15 | 2018-09-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ithaca (Ne) E&P Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-06-28 | Active |
| Eni Energy Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-15 | Ceased 2024-06-28 |
| Engie S.A. | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2018-02-15 |
Filing timeline
Last 20 of 249 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-24 RESOLUTIONS Resolution
- 2024-12-24 MA Memorandum articles
- 2024-12-18 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2026-08-20 | CH01 | officers | Change person director company with change date | |
| 2026-06-17 | CH01 | officers | Change person director company with change date | |
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-16 | AA | accounts | Accounts with accounts type full | |
| 2025-08-01 | CH01 | officers | Change person director company with change date | |
| 2025-06-26 | CH01 | officers | Change person director company with change date | |
| 2025-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-24 | MA | incorporation | Memorandum articles | |
| 2024-12-18 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-10-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-17 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.