DNO NORTH SEA (U.K.) LIMITED
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Cash
£2M
+20.9% highest in 3 filed years
Net assets
-£198M
-4.2% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£8M
-358.3% lowest in 3 filed years
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 | £2,313,000 | £10,760,000 | £6,429,000 | -40.3% | |
| Operating profit | £3,662,000 | £3,624,000 | -£7,068,000 | -295% | |
| Profit before tax | £2,454,000 | £3,107,000 | -£8,025,000 | -358.3% | |
| Net profit | £2,454,000 | £3,107,000 | -£8,025,000 | -358.3% | |
| Cash | £1,522,000 | £1,648,000 | £1,993,000 | +20.9% | |
| Total assets less current liabilities | £2,454,000 | -£172,987,000 | -£171,342,000 | +1% | |
| Net assets | -£192,850,000 | -£189,743,000 | -£197,768,000 | -4.2% | |
| Equity | — | — | — | — | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | £0 | £0 | — | — | |
| 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 |
|---|---|---|---|---|
| Operating margin | 158.3% | 33.7% | -109.9% | |
| Net margin | 106.1% | 28.9% | -124.8% | |
| Return on capital employed | 149.2% | — | — | |
| Gearing (liabilities / total assets) | 4336.6% | 2968.4% | 4177.7% | |
| Current ratio | 2.17x | 0.04x | 0.03x | |
| Interest cover | 2.95x | 4.63x | -6.68x |
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 2 times since incorporation
- DNO NORTH SEA (U.K.) LIMITED 2019-05-15 → present
- FAROE PETROLEUM (U.K.) LIMITED 2004-10-07 → 2019-05-15
- FAROE PETROLEUM (LAGGAN) LIMITED 2003-07-28 → 2004-10-07
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“DNO North Sea Limited, has agreed to provide necessary financial support if required to enable the Company to meet its liabilities as they fall due, and has confirmed its ability to do so. The Board of Directors has a reasonable expectation that the Company will be able to continue its operations and meet its liabilities as they fall due for the going concern period, and continue to adopt the going concern basis.”
Group structure
- DNO NORTH SEA (U.K.) LIMITED · parent
- DNO North Sea (ROGB) Limited 100%
Significant events
- “In March 2026 the Company acquired all the assets and liabilities of DNO Exploration UK Limited, which included the producing Arran field for a total consideration of £28.8 million. The acquisition was funded through a promissory note to the seller. The transaction will have significant effect on the company's operations and future outlook.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LUNDE, Anders Enerhaug, Corporate Secretary | Secretary | 2022-08-31 | — | — |
| ENGEBRETSEN, Halvor | Director | 2025-06-19 | Jul 1968 | Norwegian |
| JOHANSEN, Birgitte Wendelbo | Director | 2025-12-05 | Oct 1976 | Norwegian |
| SPENCER, Christopher Thomas Hyde | Director | 2019-01-28 | Aug 1966 | English |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| QUINN, Ute Angelique Joas | Secretary | 2019-04-05 | 2022-08-31 |
| RIDDICK, Julian Galloway Money | Secretary | 2003-08-04 | 2019-04-11 |
| CLYDE SECRETARIES LIMITED | Corporate Secretary | 2003-07-28 | 2003-08-04 |
| COOPER, Jonathan Robert | Director | 2013-07-01 | 2019-01-28 |
| DALE, Bjorn Kenneth | Director | 2019-01-28 | 2023-10-09 |
| FEMSTEINEVIK, Elisabeth Boehle | Director | 2024-01-15 | 2025-06-19 |
| GJERDE, Orjan | Director | 2023-10-09 | 2024-01-15 |
| HAMMER, Helge Ansgar | Director | 2008-07-02 | 2019-01-28 |
| LANAGHAN, John Malcolm | Director | 2009-05-04 | 2013-06-28 |
| O'SHEA, James Wishart | Director | 2003-07-28 | 2003-08-04 |
| PAGE, David William | Director | 2003-07-28 | 2003-08-04 |
| RIDDICK, Julian Galloway Money | Director | 2006-06-01 | 2019-01-28 |
| SANDBORG, Haakon | Director | 2023-02-03 | 2025-12-05 |
| SORENSEN, Nils Suni | Director | 2003-08-04 | 2010-04-26 |
| STEWART, Graham Duncan | Director | 2003-08-04 | 2019-01-28 |
| WHITELEY, Nicholas John Paul | Director | 2019-01-28 | 2023-02-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Faroe Petroleum Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 132 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type full | |
| 2025-12-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination 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 | |
| 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 | |
| 2025-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-13 | AA | accounts | Accounts with accounts type full | |
| 2024-01-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-22 | TM01 | officers | Termination director company with name termination date |
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.