NEO NEXT+ ENERGY E&P NORTH SEA UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-05 (in 11mo)
Last made up 2026-03-22
Watchouts
Cash
—
Latest balance sheet
Net assets
£1B
-12% vs 2023
Employees
—
Average over period
Profit before tax
£466M
-48.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
7 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 | £1,395,542,000 | £910,272,000 | |
| Operating profit | £859,103,000 | £446,454,000 | |
| Profit before tax | £904,734,000 | £465,632,000 | |
| Net profit | £239,741,000 | £96,412,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £1,966,673,000 | £1,714,451,000 | |
| Net assets | £1,191,875,000 | £1,048,287,000 | |
| Equity | £1,191,875,000 | £1,048,287,000 | |
| 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
-34.8%
£1,395,542,000 £910,272,000
-
Cash
—
Not reported
-
Net assets
-12%
£1,191,875,000 £1,048,287,000
-
Employees
—
Not reported
-
Operating profit
-48%
£859,103,000 £446,454,000
-
Profit before tax
-48.5%
£904,734,000 £465,632,000
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 | 61.6% | 49.0% | |
| Net margin | 17.2% | 10.6% | |
| Return on capital employed | 43.7% | 26.0% | |
| Current ratio | 3.27x | 3.83x | |
| Interest cover | 38.36x | 14.76x |
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 6 times since incorporation — the current trading name was adopted 2026-03-30
- NEO NEXT+ ENERGY E&P NORTH SEA UK LIMITED 2026-03-30 → present
- TOTALENERGIES E&P NORTH SEA UK LIMITED 2021-06-01 → 2026-03-30
- TOTAL E&P NORTH SEA UK LIMITED 2018-06-29 → 2021-06-01
- MAERSK OIL NORTH SEA UK LIMITED 2005-11-17 → 2018-06-29
- KERR-MCGEE NORTH SEA (U.K.) LIMITED 1999-02-09 → 2005-11-17
- ORYX NORTH SEA (UK) LIMITED 1999-01-22 → 1999-02-09
- PLUSVALE LIMITED 1998-12-11 → 1999-01-22
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In assessing whether the financial statements for the Company should be prepared on the going concern basis, the Directors have considered current market conditions and the outlook for the Company. The Company currently has enough financial resources to sustain current operations. The Directors are satisfied that the Company can continue in operational existence for the foreseeable future.”
Group structure
- NEO NEXT+ ENERGY E&P NORTH SEA UK LIMITED · parent
- TotalEnergies E&P Resources UK Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 75 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCINTOSH, Andrew Graham | Secretary | 2026-03-30 | — | — |
| BURNESS PAULL LLP | Corporate Secretary | 2026-03-30 | — | — |
| GAIR, Robert Huw | Director | 2026-03-30 | Oct 1980 | British |
| MCINTOSH, Andrew Graham | Director | 2026-03-30 | Jul 1973 | British |
| PAYER, Nicolas Bertrand | Director | 2023-01-09 | Sep 1965 | French |
| RIGARDO, Ferdinando | Director | 2026-03-30 | Feb 1965 | Italian |
Show 75 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARWICK, James V | Secretary | 2002-01-18 | 2002-09-20 |
| BAXTER, Robin Murray | Secretary | 1999-03-02 | 2006-05-31 |
| DERWORIZ, Deidre | Secretary | 2022-08-22 | 2024-09-07 |
| FRASER, Anne-Marie | Secretary | 2021-12-13 | 2022-04-04 |
| HAGER, Charles Donley | Secretary | 1999-02-26 | 2002-09-27 |
| HEMMING, Brian William | Secretary | 2006-05-31 | 2009-11-28 |
| HORNER, Russell Grant | Secretary | 1999-02-26 | 1999-08-31 |
| IMRIE, Robert Andrew | Secretary | 1998-12-17 | 2008-10-23 |
| MACLEOD, Nicola Jane | Secretary | 2009-11-25 | 2018-05-21 |
| PILCHER, Gregory Francis | Secretary | 1999-08-31 | 2005-11-17 |
| PORTER, Lewis | Secretary | 2019-03-18 | 2022-08-22 |
| VASS, Sarah | Secretary | 2024-09-07 | 2026-03-30 |
| WILSON, Bryan | Secretary | 2018-07-02 | 2019-03-18 |
| THE COMPANY REGISTRATION AGENTS LIMITED | Corporate Nominee Secretary | 1998-12-11 | 1998-12-17 |
| ALAMARGOT, Hugues Pierre-Andre | Director | 2024-10-01 | 2026-03-30 |
| ALBRECHTSEN, Troels | Director | 2009-05-06 | 2010-03-31 |
| ANDERSEN, Thomas Thune | Director | 2005-11-17 | 2006-07-06 |
| BAXTER, Robin Murray | Director | 2006-05-31 | 2008-04-16 |
| BOESEN, Karen Dyrskjot | Director | 2018-03-08 | 2020-08-24 |
| BORRELL, Michael Simon | Director | 2018-03-08 | 2020-06-30 |
| BOUDREAUX, Bart Anthony | Director | 2003-04-02 | 2005-11-17 |
| BOYNE, Kevin Francis | Director | 2018-03-08 | 2020-06-30 |
| BRINK, Jep | Director | 2005-12-30 | 2009-05-06 |
| BROWN, Robert Young | Director | 1999-02-24 | 2000-06-16 |
| CORBETT, Lucius Robert | Director | 1999-03-02 | 2003-11-07 |
| CORR, Glenn Andrew, Dr | Director | 2011-11-30 | 2017-01-31 |
| CROUCH, Kenneth Wade | Director | 1999-02-26 | 2003-11-07 |
| CURRAN, Alan Thomas | Director | 1999-02-24 | 2006-02-02 |
| DAINES, Stephen Ross | Director | 2007-11-28 | 2008-04-23 |
| DANIEL, Olivier Jean-Yves | Director | 2023-05-11 | 2023-09-01 |
| DANNOCK, Jeannie Patricia | Director | 2025-07-31 | 2026-03-30 |
| DECUBBER, Stephane Michel Jean Francois | Director | 2020-08-24 | 2024-10-01 |
| ENGELL JENSEN, Michael | Director | 2005-11-17 | 2008-04-23 |
| FAGET, Jean-Baptiste Pierre, Mr. | Director | 2018-03-08 | 2023-05-11 |
| GRANT, Alan James | Director | 2006-07-06 | 2008-07-21 |
| GUIZIOU, Jean-Luc | Director | 2018-03-08 | 2026-01-31 |
| GUNTER, Rita Joy | Director | 1999-02-26 | 1999-08-31 |
| HAGER, David Alan | Director | 2003-11-17 | 2005-11-17 |
| HENDERSON, Eric | Director | 2020-06-30 | 2022-06-28 |
| HENDERSON, Eric | Director | 2017-02-01 | 2018-03-08 |
| HEPBURN, Peter Wilson | Director | 2016-08-15 | 2018-03-08 |
| JORGENSEN, Niels Bo | Director | 2005-12-30 | 2007-11-27 |
| JUPP, Terence Bartlett | Director | 2004-05-26 | 2005-11-17 |
| KAUFMAN, William Harold | Director | 1998-12-17 | 1999-03-26 |
| KELSTRUP, Morten | Director | 2015-04-01 | 2018-03-08 |
| KIMES, David Ray | Director | 1999-02-26 | 1999-07-16 |
| KOONTZ, Craig Lynn | Director | 2002-07-23 | 2003-04-02 |
| LE FOLL, Arnaud | Director | 2020-07-01 | 2023-01-03 |
| LEBRETON, Hugues Regis Bernard | Director | 2023-09-01 | 2026-03-30 |
| MANSER, Kevin John | Director | 2011-11-30 | 2014-02-21 |
| MELOY, Charles Alvin | Director | 2002-05-28 | 2004-05-26 |
| MURDOCH, Kenneth | Director | 2010-10-14 | 2013-10-14 |
| NIELSEN, Kurt Normann | Director | 2008-04-23 | 2011-11-30 |
| O'SULLIVAN, James Roderic Mary | Director | 2006-07-06 | 2008-07-21 |
| OLDHAM, Philip | Director | 1999-03-02 | 2002-05-28 |
| OPIZZI, Martina | Director | 2026-02-01 | 2026-03-30 |
| PEDERSEN, Martin Rune | Director | 2017-02-01 | 2018-03-08 |
| PEDERSEN, Martin Rune | Director | 2010-03-12 | 2015-03-31 |
| PETERS, Robert Bouke | Director | 2013-12-18 | 2015-06-05 |
| PHILLIPS, David Roy | Director | 1999-03-02 | 2002-05-28 |
| POUPARD, Gregoire | Director | 2022-08-15 | 2025-07-27 |
| RAUH, John Michael | Director | 1999-02-26 | 2005-11-17 |
| SHAFFER, David Milner | Director | 1999-12-01 | 2002-03-29 |
| SHARP, Ian Alexander | Director | 2003-04-02 | 2005-12-23 |
| SHARRATT, Frank | Director | 2004-07-26 | 2005-09-30 |
| SHARRATT, Frank | Director | 1999-02-26 | 2004-07-26 |
| SONNE-SCHMIDT, Carsten | Director | 2017-02-01 | 2018-03-08 |
| SPRING, David Edward | Director | 2010-10-14 | 2011-02-28 |
| TALBOT, Graham Stuart | Director | 2014-05-01 | 2017-02-01 |
| TROOST, Kerst Klaas | Director | 2007-11-28 | 2010-10-14 |
| VAN LEENEN, Thomas | Director | 2008-04-23 | 2010-10-14 |
| WATKINS, Gretchen Hauser | Director | 2014-05-01 | 2017-02-01 |
| WELINDER, Brian Sollingvraa | Director | 2015-06-04 | 2016-09-29 |
| YORSTON, Harry | Director | 2008-07-23 | 2013-12-31 |
| LUCIENE JAMES LIMITED | Corporate Nominee Director | 1998-12-11 | 1998-12-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Neo Next + Energy Offshore Gb Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
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 | |
|---|---|---|---|---|
| 2026-04-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-01 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-04-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-30 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-23 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 7
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.