CAPRICORN ENERGY UK LIMITED
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Cash
£601K
USD 800,000
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£26M
USD 34,500,000
-4.7% vs 2024
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 | — | — | — | — | |
| Operating profit | -£2,104,788 | -£451,026 | -£826,881 | -83.3% | |
| Profit before tax | £11,877,020 | £27,211,907 | £25,934,000 | -4.7% | |
| Net profit | £21,799,594 | — | — | — | |
| Cash | — | — | £601,368 | — | |
| Total assets less current liabilities | £279,410,659 | £287,529,129 | — | — | |
| Net assets | £279,410,659 | £287,529,129 | — | — | |
| Equity | £279,410,659 | £287,529,129 | — | — | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £3,232,354 | £902,052 | — | — |
Figures converted to GBP from USD at 0.752 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 |
|---|---|---|---|---|
| Return on capital employed | -0.8% | -0.2% | — | |
| Gearing (liabilities / total assets) | 2.3% | 2.4% | — | |
| Current ratio | 41.09x | 0.17x | 0.29x | |
| Interest cover | -2.55x | -0.67x | -0.69x |
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
- CAPRICORN ENERGY UK LIMITED 2021-12-31 → present
- NAUTICAL PETROLEUM LIMITED 2012-08-08 → 2021-12-31
- NAUTICAL PETROLEUM PLC 2005-03-31 → 2012-08-08
- BULLION RESOURCES PLC 2002-01-28 → 2005-03-31
Audit & accounting basis
- Accounting basis
- UK-adopted International Accounting Standards
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company will continue in operational existence for a period of at least 12 months from the date of approval of the Financial Statements and have therefore used the going concern basis in preparing the Financial Statements.”
Group structure
- CAPRICORN ENERGY UK LIMITED · parent
- Agora Oil and Gas (UK) Limited 100%
Significant events
- “On 2 November 2021, the Company completed the sale of its interests in the UK Catcher and Kraken producing assets to Waldorf Production Limited ("Waldorf").”
- “On 18 December 2023, the Company entered into a settlement agreement with Waldorf for the full and final settlement of the remaining earnout consideration due. Under the agreement, the Company received an initial payment of $48.0m in December 2023, with a further $2.0m received at the end of Q1 2024. An additional payment of $22.5m was due in early January 2025 and the Company was also due to receive a non-operated asset in the UK North Sea. However, due to financial difficulties impacting Waldorf, the $22.5m has not been received and instead written down to an estimated recoverable value of $1.5m at 31 December 2024. The transfer of the asset also did not complete and the related long-term receivable was fully impaired in 2024. The Company recorded a combined loss on the settlement of the earnout of $25.4m in 2024.”
- “During 2025, the Company's legal team have been actively pursuing Waldorf for additional recovery of sums due a revised settlement offer has been tabled, expected to be worth $4.0m to the Company and the receivable has been increased to reflect this expected recovery.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ERVINE, Paul Alan | Secretary | 2023-06-07 | — | — |
| ERVINE, Paul Alan | Director | 2023-08-01 | Feb 1986 | British |
| NEELY, Randall Clifford | Director | 2023-06-07 | Jun 1966 | Canadian |
| PIPER, Nathan Gresham | Director | 2023-08-01 | Apr 1975 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARKE, Audrey Germaine Caroline | Secretary | 2008-06-15 | 2012-10-26 |
| GILL, Christopher | Secretary | 2002-12-23 | 2008-06-15 |
| HOSKINSON, John Anthony, Mr. | Secretary | 2002-01-28 | 2002-05-15 |
| MACKAY, Thomas Alexander | Secretary | 2002-05-15 | 2002-12-23 |
| MCSHERRY, Anne Margaret | Secretary | 2020-12-01 | 2023-06-07 |
| WOOD, Duncan | Secretary | 2012-10-26 | 2020-12-01 |
| BANK, Daryl Mark | Director | 2002-05-30 | 2004-04-05 |
| BIRD, Colin | Director | 2003-10-14 | 2005-04-01 |
| BROWN, Janice Margaret | Director | 2012-10-26 | 2014-05-15 |
| BURNE, Malcolm Alec | Director | 2003-09-22 | 2005-04-01 |
| CONLIN, John Martin | Director | 2009-06-24 | 2010-11-11 |
| COX, Christopher Martin | Director | 2023-04-11 | 2023-06-07 |
| DAVIS, David Richard | Director | 2002-05-30 | 2003-09-19 |
| DIMMOCK, Philip Anthony | Director | 2005-04-01 | 2012-10-26 |
| HOLSTAD, Brita | Director | 2015-03-03 | 2020-02-05 |
| HOSKINSON, John Anthony, Mr. | Director | 2002-01-28 | 2002-05-15 |
| JENKINS, Stephen Ian | Director | 2005-04-01 | 2012-10-26 |
| JENNINGS, Richard Paul Thomas | Director | 2005-04-01 | 2012-10-26 |
| KENNEDY, Patrick William | Director | 2002-05-30 | 2012-10-26 |
| MATHERS, William Howard | Director | 2008-10-17 | 2012-10-26 |
| MAWDSLEY, Clare Louise | Director | 2023-04-11 | 2023-08-01 |
| MAYLAND, Paul Joseph | Director | 2014-05-15 | 2023-04-20 |
| MEIRING, Johan Benjamin | Director | 2002-05-15 | 2005-04-01 |
| MELLETT, Stephanus Francois | Director | 2002-05-15 | 2003-02-13 |
| OGILVIE THOMPSON, Anthony Thomas | Director | 2002-05-30 | 2004-04-05 |
| ROODT, Dawid Daniel | Director | 2002-05-30 | 2003-09-19 |
| SMITH, James Donald | Director | 2014-05-15 | 2023-04-11 |
| THANAWALA, Hemant Maneklal | Director | 2005-04-01 | 2008-10-17 |
| THOMSON, Simon John | Director | 2012-10-26 | 2023-04-11 |
| VAN DEN BERG, Johann | Director | 2002-05-15 | 2003-04-30 |
| WATTS, Michael John, Dr | Director | 2012-10-26 | 2014-05-15 |
| WILLIAMS, Ian | Director | 2005-04-01 | 2008-10-17 |
| LONDON & GLOBE CORPORATION LIMITED | Corporate Director | 2002-01-28 | 2002-05-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Capricorn Energy Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 246 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-01 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-07-01 | SH20 | capital | Legacy | |
| 2026-07-01 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-01 | CAP-SS | insolvency | Legacy | |
| 2026-06-21 | AA | accounts | Accounts with accounts type full | |
| 2026-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-24 | AA | accounts | Accounts with accounts type full | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-04 | AD04 | address | Move registers to registered office company with new address | |
| 2023-11-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-24 | AA | accounts | Accounts with accounts type full | |
| 2023-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-09 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- 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.