SPIRIT ENERGY NORTH SEA LIMITED
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Cash
—
Latest balance sheet
Net assets
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Equity attributable
Employees
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Average over period
Profit before tax
—
Period ending 2025-12-31
Net assets
3-year trend · vs Energy median
SPIRIT ENERGY NORTH SEA LIMITED·Energy median
SPIRIT ENERGY NORTH SEA LIMITED·Energy median
SPIRIT ENERGY NORTH SEA LIMITED·Energy median
SPIRIT ENERGY NORTH SEA LIMITED·Energy median
SPIRIT ENERGY NORTH SEA LIMITED·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 | £459,112,000 | £360,335,000 | £230,138,000 | -36.1% | |
| Operating profit | £902,325,000 | £8,116,000 | — | — | |
| Profit before tax | £902,842,000 | £28,855,000 | — | — | |
| Net profit | £239,483,000 | £9,137,000 | — | — | |
| Cash | £1,256,000 | £335,000 | — | — | |
| Total assets less current liabilities | £916,609,000 | £630,795,000 | — | — | |
| Net assets | £299,498,000 | £309,627,000 | — | — | |
| Equity | £299,498,000 | £309,627,000 | — | — | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £728,000 | £378,000 | — | — | |
| Directors' pension contributions | £7,000 | £4,000 | — | — | |
| Highest paid director | £196,000 | £126,000 | — | — |
Values shown as filed in the company's annual accounts. — 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 | 196.5% | 2.3% | — | |
| Net margin | 52.2% | 2.5% | — | |
| Return on capital employed | 98.4% | 1.3% | — | |
| Gearing (liabilities / total assets) | 77.1% | 70.8% | — | |
| Current ratio | 2.03x | 0.20x | — | |
| Interest cover | — | 1.37x | — |
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
- SPIRIT ENERGY NORTH SEA LIMITED 2017-12-08 → present
- CENTRICA NORTH SEA LIMITED 2015-11-19 → 2017-12-08
- CENTRICA (HORNE & WREN) LIMITED 2004-12-14 → 2015-11-19
- HAWKEYE EXPLORATION LIMITED 2002-11-19 → 2004-12-14
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Further, the parent company, Spirit Energy Limited, has confirmed that it will continue to provide financial support to the Company to enable it to meet its obligations as they fall due for at least 20 months following from 27 April 2026, provided the Company remains a member of the Group.”
Significant events
- “On 19 May 2025, Spirit Energy Limited (the Group) entered into a Sale and Purchase Agreement (SPA) with Ithaca Energy plc for the disposal of a 46.25% interest in the Cygnus gas field. The transaction had an effective date of 1 January 2025 and completed on 1 October 2025, at which time control passed to Ithaca. Following completion, the Group's interest in the Cygnus field reduced from 61.25% to 15%.”
- “Prior to completion of this disposal, the Group approved and executed an internal transfer of Spirit Energy North Sea Limited's (SENSL) 48.75% interest in the Cygnus field to Spirit Energy Southern North Sea Limited (SESNSL). This transfer consolidated the Group's full 61.25% interest within SESNSL for the purposes of the disposal. The internal transfer completed on 13 June 2025.”
- “On 16 December 2025, Spirit announced the Group had entered into an SPA with Serica Energy plc for the sale of the Group's Dutch North Sea portfolio, UK Greater Markham Area fields, UK SNS assets including its remaining 15% interest in the Cygnus field. The conditions for classification as "held for sale" were met upon signing of the SPA. The disposal has an effective date of 1 January 2025 and is expected to complete in H2 2026.”
- “An internal interim dividend of £100,000,000 was approved on 7 May 2026, pursuant to which Spirit Energy North Sea Limited paid a dividend to its direct shareholder, Spirit Energy Limited (SEL), to support SEL in making an external dividend payment to its shareholders later this year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 51 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWELL-HOOK, Matthew David | Director | 2025-09-01 | Mar 1983 | British |
| HARRISON, Nicholas Charles | Director | 2024-07-31 | Jan 1967 | British |
| HEPBURN, Peter Wilson | Director | 2025-07-18 | Dec 1971 | British |
Show 51 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HICKEY, Thomas Gerard | Secretary | 2003-06-10 | 2004-10-26 |
| MACLEOD, Nicola | Secretary | 2019-01-29 | 2024-07-31 |
| TOOLEY, Roy Leslie | Secretary | 2002-11-19 | 2003-06-11 |
| CENTRICA SECRETARIES LIMITED | Corporate Secretary | 2004-10-26 | 2018-12-31 |
| ALLERTON, Marshall | Director | 2012-04-16 | 2013-10-16 |
| BARTHOLOMEW, Iain Douglas, Dr | Director | 2010-02-08 | 2014-10-31 |
| BARTLETT, John Harold, Mr. | Director | 2002-11-19 | 2003-06-11 |
| BENNETT, Alan | Director | 2004-10-26 | 2005-04-28 |
| BEVINGTON, Andrew Richard | Director | 2016-05-09 | 2016-07-13 |
| BIRD, Christopher Terence | Director | 2010-02-08 | 2012-04-16 |
| CLARK, Simon Richard | Director | 2007-11-28 | 2010-03-05 |
| COHEN, Colette Brigid | Director | 2016-05-09 | 2016-06-30 |
| COLE, Peter | Director | 2004-10-26 | 2010-01-27 |
| COX, Christopher Martin | Director | 2016-05-09 | 2017-12-08 |
| DE LEEUW, Paul | Director | 2011-05-11 | 2013-08-16 |
| GARSTANG, Michael John | Director | 2004-10-26 | 2008-06-30 |
| HANAFIN, Vincent Mark | Director | 2008-07-31 | 2010-02-08 |
| HARRISON, Gerald Martin | Director | 2017-12-08 | 2022-06-24 |
| HEDLEY, Paul Ian, Mr. | Director | 2011-09-01 | 2013-10-25 |
| HICKEY, Thomas Gerard | Director | 2003-06-10 | 2004-10-26 |
| JONES, Dennis Gareth | Director | 2020-01-13 | 2024-08-30 |
| KABRA, Girish Rajkumar | Director | 2022-08-05 | 2025-03-13 |
| KEMP, Stephen John | Director | 2010-03-05 | 2012-04-16 |
| LANDER, John Hugh Russell | Director | 2003-06-10 | 2004-04-16 |
| LAPPIN, Mark Stephen | Director | 2016-05-09 | 2016-07-13 |
| LE POIDEVIN, Andrew Daryl | Director | 2017-07-14 | 2019-05-31 |
| LUMLEY, Nicholas Ward | Director | 2014-01-01 | 2016-05-09 |
| LUMSDEN, Roy Andrew | Director | 2015-06-05 | 2017-07-14 |
| MACLEOD, Nicola Jane | Director | 2018-09-11 | 2024-07-31 |
| MADDOCK, Nicholas William | Director | 2010-02-08 | 2011-07-05 |
| MARTIN, Alan Graham | Director | 2003-06-10 | 2004-10-26 |
| MARTINSEN, Rune | Director | 2018-06-01 | 2018-12-31 |
| MCCALLUM, Craig | Director | 2012-04-16 | 2014-01-01 |
| MCCULLOCH, Neil James | Director | 2019-01-01 | 2023-09-29 |
| MCDADE, Paul | Director | 2003-06-10 | 2004-10-26 |
| MCGINIGAL, Scott | Director | 2023-09-29 | 2025-07-18 |
| MCKENNA, Gregory Craig | Director | 2010-02-08 | 2015-01-31 |
| MELAND, Steinar | Director | 2016-07-13 | 2017-12-08 |
| MORRIS, Robin Dale | Director | 2002-11-19 | 2003-01-31 |
| NICOL, Matthew Bruce | Director | 2015-01-31 | 2016-05-09 |
| OZSANLAV, Richard | Director | 2014-02-28 | 2015-06-05 |
| ROBERTSON, Kenneth Murray | Director | 2016-05-09 | 2017-12-08 |
| ROGER, Jonathan Leslie | Director | 2010-02-08 | 2013-05-20 |
| SAMBHI, Sarwjit | Director | 2013-05-20 | 2014-01-01 |
| SAMBHI, Sarwjit | Director | 2004-10-26 | 2005-04-28 |
| SHEARS, John Nicholas | Director | 2005-04-28 | 2010-02-08 |
| SUMMERS, Timothy David | Director | 2003-03-21 | 2003-06-11 |
| TANNER, Paul Martyn, Roger | Director | 2016-07-13 | 2018-05-31 |
| ULRICH, Jacob Shields | Director | 2004-10-26 | 2008-07-31 |
| WEIR, Fraser Dawson | Director | 2016-07-13 | 2018-05-31 |
| WILLIAMS, Brian | Director | 2003-06-10 | 2004-10-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Spirit Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-09-29 | Active |
| Gb Gas Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-09-29 |
Filing timeline
Last 20 of 183 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | AA | accounts | Accounts with accounts type full | |
| 2026-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-25 | CH01 | officers | Change person director company with change date | |
| 2025-07-25 | CH01 | officers | Change person director company with change date | |
| 2025-07-21 | CH01 | officers | Change person director company with change date | |
| 2025-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-09 | AA | accounts | Accounts with accounts type full | |
| 2024-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-11 | 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.