TULLOW OIL SPE LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have concluded that implementing a holistic refinancing by the middle of November 2025 or by May 2026 at the latest is outside the control of the Group. This is therefore a material uncertainty that may cast significant doubt over the Group and the Company's ability to continue as a going concern.

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

• Turnover

  —

  Not reported

• Cash

  -83.1%

  £180,908 → £30,650

• Net assets

  -12.8%

  £134,127,233 → £116,973,163

• Employees

  —

  Not reported

• Operating profit

  -4,865.8%

  £507,588 → -£24,190,775

• Profit before tax

  -181.4%

  £21,083,203 → -£17,154,070

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

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.

1. TULLOW OIL SPE LIMITED 2003-03-04 → present
2. DMWSL 396 LIMITED 2002-12-05 → 2003-03-04

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have concluded that implementing a holistic refinancing by the middle of November 2025 or by May 2026 at the latest is outside the control of the Group. This is therefore a material uncertainty that may cast significant doubt over the Group and the Company's ability to continue as a going concern.”

Significant events

• “The Directors have concluded that implementing a holistic refinancing by the middle of November 2025 or by May 2026 at the latest is outside the control of the Group. This is therefore a material uncertainty that may cast significant doubt over the Group and the Company's ability to continue as a going concern.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.