DNO NORTH SEA LIMITED
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Cash
£1.1M
-38.9% lowest in 3 filed years
Net assets
£8.6M
-96.9% lowest in 3 filed years
Employees
1
0% vs 2024
Profit before tax
£3.8M
-35.7% first positive since 2023
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 | -£10,478,000 | £12,642,000 | £4,554,000 | -64% | |
| Profit before tax | -£13,591,000 | £5,914,000 | £3,802,000 | -35.7% | |
| Net profit | -£13,591,000 | £5,914,000 | £3,802,000 | -35.7% | |
| Cash | £1,393,000 | £1,737,000 | £1,061,000 | -38.9% | |
| Total assets less current liabilities | £338,977,000 | £345,683,000 | £8,551,000 | -97.5% | |
| Net assets | £273,299,000 | £279,213,000 | £8,551,000 | -96.9% | |
| Equity | £273,299,000 | £279,213,000 | £8,551,000 | -96.9% | |
| Average employees | 2 | 1 | 1 | 0% | |
| Wages | £339,000 | £257,000 | £227,000 | -11.7% | |
| Directors' remuneration | — | — | — | — |
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 |
|---|---|---|---|---|
| Return on capital employed | -3.1% | 3.7% | 53.3% | |
| Gearing (liabilities / total assets) | 19.8% | 19.6% | 1.2% | |
| Current ratio | 1.31x | 5.16x | 84.02x | |
| Interest cover | -1.66x | 1.87x | 1.08x |
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 — the current trading name was adopted 2025-07-14
- DNO NORTH SEA LIMITED 2025-07-14 → present
- DNO NORTH SEA PLC 2019-05-15 → 2025-07-14
- FAROE PETROLEUM PLC 2003-06-19 → 2019-05-15
- FAROE PETROLEUM LIMITED 2002-12-19 → 2003-06-19
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, together with the Directors' knowledge and experience of the market, the Directors continue to adopt the going concern basis in preparing the financial statements for the year ended 31 December 2025.”
Group structure
- DNO NORTH SEA LIMITED · parent
- DNO North Sea (U.K.) Limited 100%
- DNO Exploration UK Limited 100%
- Oldco (04848025) Limited 100%
- Oldco (07432949) Limited 100%
Significant events
- “On 12 June 2025, DNO ASA, the ultimate parent entity acquired 100% of Sval Energi AS, which triggered a restructure within the Group. DNO ASA contributed its shares in the Company to DNO North Sea Holding AS, making it the immediate parent. Shares in DNO Norge AS were distributed as a dividend in kind.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LUNDE, Anders Enerhaug | Secretary | 2022-09-02 | — | — |
| JOHANSEN, Birgitte Wendelbo | Director | 2025-12-05 | Oct 1976 | Norwegian |
| MOSSAVAR-RAHMANI, Bijan, Mr. | Director | 2025-06-19 | Jun 1952 | American |
| SPENCER, Christopher Thomas Hyde | Director | 2020-05-11 | Aug 1966 | English |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| QUINN, Ute Angelique Joas | Secretary | 2019-04-05 | 2022-09-02 |
| RIDDICK, Julian Galloway Money | Secretary | 2003-02-26 | 2019-04-11 |
| CLYDE SECRETARIES LIMITED | Corporate Secretary | 2002-12-19 | 2003-02-26 |
| BENTLEY, John William Sharp | Director | 2007-09-01 | 2019-01-28 |
| CHESHIRE, Brent | Director | 2017-10-25 | 2019-02-14 |
| COOPER, Jonathan Robert | Director | 2013-07-01 | 2019-01-28 |
| DALE, Bjorn Kenneth | Director | 2019-01-28 | 2023-10-09 |
| DERBY, Joseph | Director | 2003-04-01 | 2007-08-31 |
| FEMSTEINEVIK, Elisabeth Boehle | Director | 2024-01-15 | 2025-06-19 |
| GJERDE, Orjan | Director | 2023-10-09 | 2024-01-15 |
| GJERDE, Orjan | Director | 2019-01-28 | 2020-05-11 |
| GOLDSTEIN, Hal | Director | 2003-02-26 | 2003-05-15 |
| HAMMER, Helge | Director | 2007-03-13 | 2019-01-28 |
| HARLEM, Hanne | Director | 2010-07-12 | 2014-08-31 |
| JACOBSEN, Meinhard | Director | 2003-05-15 | 2009-06-18 |
| LANAGHAN, John Malcolm | Director | 2009-05-04 | 2013-06-28 |
| READ, Timothy Philip | Director | 2009-03-01 | 2018-06-26 |
| SAETRE, Jorunn Johanne | Director | 2014-09-01 | 2019-02-14 |
| SANDBORG, Haakon | Director | 2023-10-09 | 2025-12-05 |
| SORENSEN, Nils Suni | Director | 2002-12-19 | 2010-04-26 |
| STEWART, Graham Duncan | Director | 2002-12-19 | 2019-01-28 |
| WARD, Katherine Louise Margiad | Director | 2018-07-01 | 2019-02-14 |
| WITTS, Roger Charles | Director | 2007-05-30 | 2019-01-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dno Asa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-28 | Active |
Filing timeline
Last 20 of 285 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-11 RESOLUTIONS Resolution
- 2025-07-14 RR02 Reregistration public to private company
- 2025-07-14 RESOLUTIONS Resolution
- 2025-07-14 CERT10 Certificate re registration public limited company to private
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type full | |
| 2025-12-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-15 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-09-15 | CAP-SS | insolvency | Legacy | |
| 2025-09-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-11 | SH20 | capital | Legacy | |
| 2025-09-11 | SH01 | capital | Capital allotment shares | |
| 2025-07-14 | RR02 | change-of-name | Reregistration public to private company | |
| 2025-07-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-14 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2025-07-14 | MAR | incorporation | Re registration memorandum articles | |
| 2025-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-02 | AA | accounts | Accounts with accounts type full | |
| 2025-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 18
- Capital events
- 3
- 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.