TULLOW OIL SPE LIMITED
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Cash
£1.5k
USD 2,000
-95.1% lowest in 3 filed years
Net assets
£117m
USD 157,997,000
+1% vs 2024
Employees
0
Average over period
Profit before tax
£1.1m
USD 1,522,000
+106.6% first positive since 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 | £504,645 | -£24,050,539 | -£4,090,673 | +83% | |
| Profit before tax | £20,960,981 | -£17,054,627 | £1,131,178 | +106.6% | |
| Net profit | £20,960,981 | -£17,054,627 | £1,131,178 | +106.6% | |
| Cash | £179,859 | £30,472 | £1,486 | -95.1% | |
| Total assets less current liabilities | £133,349,684 | £116,295,058 | £117,426,236 | +1% | |
| Net assets | £133,349,684 | £116,295,058 | £117,426,236 | +1% | |
| Equity | £133,349,684 | £116,295,058 | £117,426,236 | +1% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £0 | £0 | — |
Figures converted to GBP from USD at 0.743 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 | 0.4% | -20.7% | -3.5% | |
| Gearing (liabilities / total assets) | 0.0% | 8.0% | 1.0% | |
| Current ratio | — | 12.57x | — |
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 1 time since incorporation
- TULLOW OIL SPE LIMITED 2003-03-04 → present
- DMWSL 396 LIMITED 2002-12-05 → 2003-03-04
Audit & accounting basis
- Accounting basis
- FRS 101
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“Based on the above, the Directors of the Company have a reasonable expectation that the Company has adequate resources to continue in operational existence for the going concern assessment period. Accordingly, the Company has adopted the going concern basis of accounting in preparing the financial statements.”
Significant events
- “On 24 April 2026, the Company's entire share capital was transferred from Tullow Oil plc to Tullow HoldCo 2 Limited, an indirect subsidiary of Tullow Oil plc.”
- “Also on 24 April 2026, Tullow Oil plc refinanced the US$1.285 billion senior secured notes (the 2026 Notes). This included a repayment of US$100 million of principal amount of the 2026 Notes at par and issuance of US$1.185 billion new notes maturing 15 November 2028 (the New Notes) to existing holders.”
- “Also on 24 April 2026, a US$400 million loan provided by Glencore was repaid and a new US$400million facility was issued with a maturity on 15 May 2030 (the New Glencore Facility), with US$21 million in accrued interest and US$2 million payment in kind fees added to the loan balance on completion.”
- “As part of the transaction, Tullow Ghana Limited, an entity under common control, entered into a US$100 million cargo prepayment facility (Cargo Prepayment Agreement) maturing on 15 November 2028 with Glencore, which is undrawn.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEAGLEY, Timothy Edwards | Director | 2025-08-18 | Oct 1983 | South African |
| HOLLAND, Adam Farquhar | Director | 2019-08-01 | Mar 1981 | British |
| WALSH, Michael Francis | Director | 2020-11-23 | Mar 1967 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HICKEY, Thomas Gerard | Secretary | 2003-03-04 | 2008-03-31 |
| MARTIN, Alan Graham | Secretary | 2008-03-31 | 2008-09-18 |
| MASSIE, Kevin | Secretary | 2014-08-05 | 2019-08-01 |
| TAYLOR, Richard George | Secretary | 2008-09-18 | 2014-08-05 |
| DM COMPANY SERVICES LIMITED | Corporate Secretary | 2002-12-05 | 2003-03-04 |
| HEAVEY, Aidan Joseph | Director | 2003-03-04 | 2014-08-05 |
| HICKEY, Thomas Gerard | Director | 2003-03-04 | 2008-09-18 |
| MARTIN, Alan Graham | Director | 2003-03-04 | 2016-01-11 |
| MASSIE, Kevin Michael | Director | 2014-08-05 | 2019-08-01 |
| MCCOSS, Angus Murray, Dr | Director | 2008-03-31 | 2014-08-05 |
| MCDADE, Paul | Director | 2005-07-11 | 2019-12-13 |
| MILLER, Richard David | Director | 2015-08-14 | 2023-12-31 |
| MILLER, Richard David | Director | 2014-08-05 | 2015-05-29 |
| PATEL, Rachana | Director | 2023-12-31 | 2025-08-15 |
| ROSS, Julia Mary | Director | 2013-09-18 | 2014-08-05 |
| ROWLAND-CLARK, Rupert Richmond | Director | 2015-08-14 | 2020-09-09 |
| SHEPHERD, Nicholas Keith | Director | 2014-08-05 | 2015-04-30 |
| SLOAN, Peter Gerald | Director | 2014-08-05 | 2015-04-30 |
| SLOAN, Peter Gerald | Director | 2010-04-21 | 2010-05-31 |
| SPRINGETT, Ian | Director | 2008-09-18 | 2017-07-17 |
| TEDDER, Julian Lester | Director | 2014-08-05 | 2015-05-29 |
| TORR, William Howard | Director | 2014-08-05 | 2015-06-29 |
| WILLIAMS, Brian | Director | 2008-03-31 | 2014-08-05 |
| WOOD, George Leslie | Director | 2017-07-17 | 2022-03-31 |
| 25 NOMINEES LIMITED | Corporate Director | 2002-12-05 | 2003-03-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tullow Oil Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Voting 75–100% (as firm), Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 152 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-05 | AA | accounts | Accounts with accounts type full | |
| 2026-04-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-08-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-12 | CH01 | officers | Change person director company with change date | |
| 2024-07-04 | AA | accounts | Accounts with accounts type full | |
| 2024-03-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-20 | CH01 | officers | Change person director company with change date | |
| 2024-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-22 | AA | accounts | Accounts with accounts type full | |
| 2022-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-12 | AA | accounts | Accounts with accounts type full | |
| 2022-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.