ENWELL ENERGY PLC
Formerly known as Regal Petroleum, this AIM-listed subsidiary of Smart Energy (CY) Ltd is engaged in the exploration, development, and production of oil and gas properties across Ukraine.
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Cash
£73M
USD 97,093,000
-2.3% vs 2024
Net assets
£125M
USD 165,703,000
-3.3% vs 2024
Employees
266
-4.7% vs 2024
Profit before tax
-£1.9M
USD -2,505,000
-108.2% lowest in 3 filed years
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 | £46,751,860 | £33,772,833 | £2,515,222 | -92.6% | |
| Operating profit | £26,712,772 | £21,879,275 | -£1,114,034 | -105.1% | |
| Profit before tax | £26,447,418 | £22,866,271 | -£1,883,034 | -108.2% | |
| Net profit | £19,909,795 | £17,832,820 | -£3,371,420 | -118.9% | |
| Cash | £57,500,564 | £74,718,485 | £72,985,793 | -2.3% | |
| Total assets less current liabilities | £121,868,000 | £140,122,529 | £134,335,112 | -4.1% | |
| Net assets | £121,868,000 | £128,873,186 | £124,560,625 | -3.3% | |
| Equity | £121,868,000 | £128,873,186 | £124,560,625 | -3.3% | |
| Average employees | 239 | 279 | 266 | -4.7% | |
| Wages | £3,960,009 | £3,435,315 | £3,461,625 | +0.8% | |
| Directors' remuneration | £612,644 | £1,226,791 | £781,027 | -36.3% |
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 |
|---|---|---|---|---|
| Operating margin | 57.1% | 64.8% | -44.3% | |
| Net margin | 42.6% | 52.8% | -134.0% | |
| Return on capital employed | 21.9% | 15.6% | -0.8% | |
| Gearing (liabilities / total assets) | 11.6% | 10.2% | 8.6% | |
| Current ratio | 12.85x | 23.94x | 41.70x | |
| Interest cover | 13.14x | 43.90x | -1.93x |
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
- ENWELL ENERGY PLC 2020-05-27 → present
- REGAL PETROLEUM PLC 2002-09-19 → 2020-05-27
- REGAL PETROLEUM LIMITED 2002-08-07 → 2002-09-19
- HILLGATE (324) LIMITED 2002-06-17 → 2002-08-07
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Zenith Audit Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that individually or collectively may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- ENWELL ENERGY PLC · parent
- Regal Petroleum Corporation Limited 100%
- Regal Petroleum Corporation (Ukraine) Limited 100%
- LLC Arkona Gas Energy 100%
- LLC Regal Petroleum Corporation (Ukraine) Limited 100%
- LLC Prom-Enerho Produkt 100%
- Well Investum LLC 100%
Significant events
- “The Russian invasion of Ukraine in February 2022 has had, and continues to have, a significant impact on all aspects of life in Ukraine, including the Group’s business and operations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PHILLIPS, Christopher | Secretary | 2004-07-23 | — | British |
| BLYZNIUK, Oleksandr | Director | 2025-01-31 | Mar 1983 | Ukrainian |
| BURROWS, Bruce James | Director | 2017-08-29 | Jun 1958 | British |
| PERTIN, Alexey | Director | 2011-04-01 | May 1972 | Russian |
| SCHULTZ, Gehrig Stannard, Dr | Director | 2022-08-24 | May 1964 | American |
| VALCESCHINI, Charles Russell | Director | 2024-03-07 | Mar 1958 | American |
| ZAYETS, Oleksiy | Director | 2024-10-24 | Jul 1981 | Ukrainian |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WEST, Stephen Paul | Secretary | 2002-07-29 | 2004-07-23 |
| HILLGATE SECRETARIAL LIMITED | Corporate Nominee Secretary | 2002-06-17 | 2002-07-29 |
| BASAI, Igor | Director | 2024-03-07 | 2025-01-31 |
| BYRNES, Martin | Director | 2006-04-05 | 2006-05-05 |
| COATES, Adrian John Geoffrey | Director | 2008-07-18 | 2017-08-29 |
| FEATHERBY, Glenn Robert | Director | 2002-07-29 | 2004-09-01 |
| FRANK, Philip Leighton | Director | 2017-10-16 | 2018-09-30 |
| GAISFORD, Rex William, Dr | Director | 2005-05-01 | 2006-03-03 |
| GLAZUNOV, Sergii | Director | 2012-02-20 | 2024-03-07 |
| GRAHAM, Alastair Macleod, Dr | Director | 2010-01-14 | 2017-10-16 |
| GREEN, Christopher David | Director | 2005-05-01 | 2005-05-24 |
| GREER, David John | Director | 2007-11-22 | 2010-09-29 |
| HARDMAN, Richard Frederick Paynter | Director | 2005-06-15 | 2006-03-03 |
| HEAP, Peter William, Sir | Director | 2005-06-15 | 2006-03-03 |
| HENRY, Keith Nicholas | Director | 2008-04-15 | 2017-10-16 |
| HOPKINSON, Simon Christopher | Director | 2017-09-20 | 2024-03-07 |
| HUMPHRIES, William Henry | Director | 2002-09-19 | 2005-06-09 |
| KIRIANOVA, Yulia | Director | 2016-05-06 | 2024-10-24 |
| LEE, Gregory Jonathan | Director | 2002-07-29 | 2003-05-27 |
| LOUTSIGKAS, Nikolaos | Director | 2003-11-12 | 2004-06-22 |
| MORGAN, Paul James | Director | 2006-03-03 | 2006-07-10 |
| MOZETIC, Antonio | Director | 2007-11-22 | 2010-01-14 |
| NOLTE, Guenter | Director | 2003-03-01 | 2004-10-20 |
| PHILLIPS, Roger Simon Coltman | Director | 2004-09-01 | 2007-01-15 |
| RITSON, Neil | Director | 2006-07-25 | 2007-11-22 |
| RUDEV, Denis | Director | 2011-04-01 | 2012-02-20 |
| SAZONENKO, Dmitry | Director | 2018-09-30 | 2022-08-24 |
| SCOLARO, Franco | Director | 2006-06-15 | 2008-03-06 |
| ST JOHN, Anthony Tudor, Lord St John | Director | 2003-09-29 | 2010-01-01 |
| TIMIS, Vasile Frank | Director | 2002-07-29 | 2005-06-07 |
| TYMOFIEIEV, Oleksii | Director | 2011-03-28 | 2016-05-06 |
| VERKUIL, Hendrikus Alardus | Director | 2008-01-15 | 2011-04-21 |
| WHEATLEY, Frank David | Director | 2002-09-19 | 2003-09-29 |
| WILDE, Robert | Director | 2008-05-01 | 2011-09-28 |
| HILLGATE NOMINEES LIMITED | Corporate Nominee Director | 2002-06-17 | 2002-07-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vadym Novynskyi | Individual | Shares 75–100% | 2017-06-26 | Ceased 2022-12-01 |
Filing timeline
Last 20 of 288 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-04 RESOLUTIONS Resolution
- 2024-08-22 RESOLUTIONS Resolution
- 2024-05-16 MA Memorandum articles
- 2024-05-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-28 | AA | accounts | Accounts with accounts type group | |
| 2025-09-04 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-19 | AA | accounts | Accounts with accounts type group | |
| 2025-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-26 | CH01 | officers | Change person director company with change date | |
| 2024-09-26 | CH03 | officers | Change person secretary company with change date | |
| 2024-09-24 | CH01 | officers | Change person director company with change date | |
| 2024-09-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-28 | AA | accounts | Accounts with accounts type group | |
| 2024-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-16 | MA | incorporation | Memorandum articles | |
| 2024-05-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-20 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.