ENWELL ENERGY PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-01 (in 2mo)
Last made up 2025-06-17
Watchouts
None on the register
Cash
£74M
USD 99,398,000
+29.9% vs 2023
Net assets
£128M
USD 171,440,000
+5.7% vs 2023
Employees
279
+16.7% vs 2023
Profit before tax
£23M
USD 30,419,000
-13.5% vs 2023
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 | £46,493,235 | £33,586,006 | |
| Operating profit | £26,565,000 | £21,758,242 | |
| Profit before tax | £26,301,114 | £22,739,777 | |
| Net profit | £19,799,656 | £17,734,171 | |
| Cash | £57,182,477 | £74,305,151 | |
| Total assets less current liabilities | £121,193,840 | £128,160,275 | |
| Net assets | £121,193,840 | £128,160,275 | |
| Equity | £121,193,840 | £128,160,275 | |
| Average employees | 239 | 279 | |
| Wages | £3,938,103 | £3,416,312 | |
| Directors' remuneration | £609,255 | £1,220,004 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — 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
-27.8%
£46,493,235 £33,586,006
-
Cash
+29.9%
£57,182,477 £74,305,151
-
Net assets
+5.7%
£121,193,840 £128,160,275
-
Employees
+16.7%
239 279
-
Operating profit
-18.1%
£26,565,000 £21,758,242
-
Profit before tax
-13.5%
£26,301,114 £22,739,777
-
Wages
-13.2%
£3,938,103 £3,416,312
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 | 57.1% | 64.8% | |
| Net margin | 42.6% | 52.8% | |
| Return on capital employed | 21.9% | 17.0% | |
| Gearing (liabilities / total assets) | 11.6% | 10.2% | |
| Current ratio | 12.85x | 23.94x | |
| Interest cover | 13.14x | 43.90x |
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
“We have not identified 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”
Group structure
- ENWELL ENERGY PLC · parent
- Regal Petroleum Corporation Limited 100%
- Regal Petroleum Corporation Limited (Branch Office) 100%
- LLC Arkona Gas-Energy 100%
- LLC Regal Petroleum Corporation (Ukraine) Limited 100%
- LLC Ilom-Enerho Produkt 100%
- Well Investum LLC 100%
- Regal Group Services Limited 100%
Significant events
- “On 24 February 2022, Russia commenced a military invasion of Ukraine, and since then there has been an ongoing war in Ukraine. Shortly after the invasion, the Ukrainian Government imposed martial law, and the corresponding introduction of related temporary restrictions that impact, amongst others, the economic environment and business operations in Ukraine.”
- “The Group has engaged external technical consultants to undertake a comprehensive review and re-evaluation of the study of the MEX-GOL, SV and VAS fields in order to gain an improved understanding of the geological aspects of the fields and reservoir engineering, drilling and completion techniques and other related matters.”
- “New and revised standards adopted by the Group”
- “Amendments to IAS 1 Liabilities with Covenants”
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 287 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 | |
|---|---|---|---|---|
| 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 | |
| 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
- 3
- 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.