HARBOUR ENERGY CNS (II) LIMITED
Formerly known as Molgrowest (II) Limited, Waldorf CNS (II) Limited is an oil and gas exploration and extraction company operating as part of the Waldorf Production group.
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Cash
£294k
USD 396,000
-91.9% lowest in 3 filed years
Net assets
-£13m
USD -17,672,000
-196.2% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£33m
USD -44,405,000
-674% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
However, noting the matters described above, the Directors identified one material uncertainty that casts significant doubt upon the Waldorf Group's ability to continue as a going concern during the assessment period for the financial statements for the year ended 31 December 2024. The intentions of the Purchaser post completion of the Sale, including the provision of appropriate financial support to the Waldorf Group entities, and the availability of such funds, are not known to the Directors and are therefore uncertain.
-
Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £58,552,954 | £34,013,378 | £31,742,847 | -6.7% | |
| Operating profit | £37,347,454 | -£3,988,109 | -£34,377,555 | -762% | |
| Profit before tax | £37,431,438 | -£4,263,842 | -£33,002,601 | -674% | |
| Net profit | £26,526,198 | -£4,567,075 | -£26,791,527 | -486.6% | |
| Cash | £299,517 | £3,635,080 | £294,314 | -91.9% | |
| Total assets less current liabilities | £25,431,438 | £30,183,575 | £10,723,151 | -64.5% | |
| Net assets | £19,803,047 | £13,657,376 | -£13,134,151 | -196.2% | |
| Equity | £19,803,047 | £13,657,376 | -£13,134,151 | -196.2% | |
| Average employees | — | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £565,589 | £2,091,416 | — | — |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | 63.8% | -11.7% | -108.3% | |
| Net margin | 45.3% | -13.4% | -84.4% | |
| Return on capital employed | 146.9% | -13.2% | -320.6% | |
| Gearing (liabilities / total assets) | — | — | 162.9% | |
| Current ratio | 1.72x | 2.04x | 0.72x | |
| Interest cover | — | -14.95x | -66.65x |
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 6 times since incorporation — the current trading name was adopted 2026-07-14
- HARBOUR ENERGY CNS (II) LIMITED 2026-07-14 → present
- WALDORF CNS (II) LIMITED 2022-11-16 → 2026-07-14
- MOLGROWEST (II) LIMITED 2014-03-28 → 2022-11-16
- WINTERSHALL (E&P) LIMITED 2009-05-28 → 2014-03-28
- REVUS ENERGY (E&P) LIMITED 2008-03-28 → 2009-05-28
- PALACE EXPLORATION COMPANY (E&P) LIMITED 2005-10-10 → 2008-03-28
- WALTER UK E&P LIMITED 2003-10-06 → 2005-10-10
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, noting the matters described above, the Directors identified one material uncertainty that casts significant doubt upon the Waldorf Group's ability to continue as a going concern during the assessment period for the financial statements for the year ended 31 December 2024. The intentions of the Purchaser post completion of the Sale, including the provision of appropriate financial support to the Waldorf Group entities, and the availability of such funds, are not known to the Directors and are therefore uncertain.”
Significant events
- “On 11 December 2025, the WEPL Administrators and the WPL Administrators entered into a share sale and purchase agreement (the "SPA") with Chrysaor Holdings Limited (the "Purchaser"), an affiliate of Harbour Energy plc regarding the sale of the subsidiaries of WEPL and WPL (excluding WEF and WEPL and WPL themselves) (the "Target Group"), including Waldorf CNS II Limited (the "Sale").”
- “In June 2024, Waldorf Energy Partners Limited ("WEPL") and Waldorf Production Limited ("WPL"), the Company's parent companies, entered into administration on the basis that their financial situation was no longer considered by the directors of those companies to enable them to continue operating as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MULCAHY, Matthew | Director | 2025-05-15 | Jun 1971 | English |
| TANNER, Paul Martyn Roger | Director | 2022-11-10 | Jul 1973 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOLLHAUER, Ulrich | Secretary | 2010-05-12 | 2013-10-30 |
| LANDRAK, Ingrid | Secretary | 2008-02-27 | 2010-05-12 |
| STORNES, Tina Endresen | Secretary | 2011-07-21 | 2014-03-24 |
| BREAMS REGISTRARS AND NOMINEES LIMITED | Corporate Nominee Secretary | 2003-10-06 | 2005-09-16 |
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2014-03-24 | 2022-11-10 |
| LEDINGHAM CHALMERS LLP | Corporate Secretary | 2005-09-16 | 2006-03-31 |
| MD SECRETARIES LIMITED | Corporate Secretary | 2008-03-19 | 2014-03-24 |
| MD SECRETARIES LIMITED | Corporate Nominee Secretary | 2006-04-01 | 2008-02-27 |
| BIRD, Christopher Terence | Director | 2014-11-17 | 2016-01-31 |
| BIRDSONG, Robert | Director | 2003-11-17 | 2005-09-16 |
| BOROCZKY, Szabolcs Csaba | Director | 2016-06-15 | 2018-01-01 |
| BRODAHL, Erik | Director | 2022-11-10 | 2025-05-15 |
| BRUNSMANN, Nico Arnoud | Director | 2016-02-01 | 2022-11-10 |
| CHINTALAPATI, Venkata Vardhana Aaditya | Director | 2022-11-10 | 2025-05-15 |
| DODDS, Alexander | Director | 2014-03-24 | 2015-06-30 |
| DOHERTY-KOBBEN, Sheila | Director | 2009-08-14 | 2012-03-20 |
| DZANIC, Alen | Director | 2018-04-02 | 2022-11-10 |
| ELLIOTT, Christopher James | Director | 2008-02-27 | 2009-08-14 |
| FOGARASI, Attila | Director | 2014-03-24 | 2014-11-17 |
| HOWARD, Paul Arthur | Director | 2005-09-16 | 2008-02-27 |
| INCHENKO, Ivan | Director | 2008-02-27 | 2012-08-31 |
| KEMP, Stephen John | Director | 2015-07-24 | 2017-10-02 |
| MCGAVIN, Sarah Louise | Director | 2018-01-01 | 2019-04-30 |
| MCGOVERN, Caroline Ann | Director | 2014-11-17 | 2015-12-04 |
| NEILSON, Derek Andrew | Director | 2022-11-10 | 2024-04-15 |
| RAISZ, Csaba | Director | 2015-07-24 | 2016-06-15 |
| SCHRIMPF, Bernd Andreas | Director | 2011-06-06 | 2014-03-24 |
| SIEGAL, Richard David | Director | 2005-09-16 | 2008-02-27 |
| SKABO, Jon Bard | Director | 2022-11-10 | 2025-05-15 |
| TOTH, Kornel | Director | 2015-07-24 | 2019-12-01 |
| VARGA, Krisztina | Director | 2019-12-01 | 2022-11-10 |
| WALTER 111, Joseph Charles | Director | 2003-11-17 | 2005-09-16 |
| ZINKE, Robert | Director | 2005-10-28 | 2007-02-07 |
| BREAMS CORPORATE SERVICES | Corporate Nominee Director | 2003-10-06 | 2003-11-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Waldorf Cns (I) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 194 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-22 MA Memorandum articles
- 2026-07-22 RESOLUTIONS Resolution
- 2026-07-14 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-08-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-22 | MA | incorporation | Memorandum articles | |
| 2026-07-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-07-14 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-07-12 | AA | accounts | Accounts with accounts type full | |
| 2026-07-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-07-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-03 | AA | accounts | Accounts with accounts type full | |
| 2025-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-21 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- 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.