BORDERS & SOUTHERN PETROLEUM PLC
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Cash
£1.9m
USD 2,560,000
+14.2% highest in 3 filed years
Net assets
£221m
USD 297,795,000
-6.3% lowest in 3 filed years
Employees
4
0% vs 2024
Profit before tax
-£1m
USD -1,387,000
-6.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As stated in Note 1 to the financial statements, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Group and the Parent Company's ability to continue as going concerns.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Going-concern uncertainty disclosed
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 | -£895,042 | -£922,477 | -£1,114,657 | -20.8% | |
| Profit before tax | -£831,503 | -£968,641 | -£1,029,314 | -6.3% | |
| Net profit | -£831,503 | -£968,641 | -£1,029,314 | -6.3% | |
| Cash | £1,512,394 | £1,663,483 | £1,899,814 | +14.2% | |
| Total assets less current liabilities | £231,946,188 | £235,815,027 | £220,998,145 | -6.3% | |
| Net assets | £231,946,188 | £235,815,027 | £220,998,145 | -6.3% | |
| Equity | £231,946,188 | £235,815,027 | £220,998,145 | -6.3% | |
| Average employees | 5 | 4 | 4 | 0% | |
| Wages | £336,523 | £351,003 | £431,911 | +23.1% | |
| Directors' remuneration | £230,624 | £249,124 | £305,009 | +22.4% | |
| Highest paid director | £117,666 | £106,202 | £158,793 | +49.5% |
Figures converted to GBP from USD at 0.742 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% | -0.4% | -0.5% | |
| Gearing (liabilities / total assets) | 0.1% | 0.4% | 0.4% | |
| Current ratio | 13.41x | 2.69x | 3.14x | |
| Interest cover | — | -15.88x | — |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As stated in Note 1 to the financial statements, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Group and the Parent Company's ability to continue as going concerns.”
Group structure
- BORDERS & SOUTHERN PETROLEUM PLC · parent
- Borders & Southern Falkland Islands Limited 100%
Significant events
- “On 2 February 2026, a Non-Executive Director purchased 1.5 million shares at a price of 8.93 pence per share.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SLACK, William John Walton | Secretary | 2004-06-08 | — | British |
| BAKER, Henry Charles | Director | 2024-03-01 | Oct 1975 | British |
| DOBSON, David Harry Williamson | Director | 2004-06-08 | Dec 1947 | British |
| FLEMING, Peter William | Director | 2005-04-05 | Dec 1961 | New Zealander |
| GUEST, William Sean, Dr | Director | 2024-06-16 | Jan 1962 | Canadian |
| HODSON, William John Edmund | Director | 2020-12-29 | Jun 1979 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| THOMAS, Howard | Nominee Secretary | 2004-06-08 | 2004-06-08 |
| HURST BROWN, Christopher Nigel | Director | 2005-04-05 | 2020-12-29 |
| OBEE, Howard, Dr | Director | 2004-06-28 | 2024-03-01 |
| POSFORD, Stephen James Douglas | Director | 2004-06-08 | 2016-06-01 |
| TESTER, William Andrew Joseph | Nominee Director | 2004-06-08 | 2004-06-08 |
| THOMAS, Howard | Director | 2004-06-08 | 2004-06-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter William Fleming | Individual | Significant influence, Significant influence (as firm) | 2016-04-06 | Ceased 2025-07-04 |
Filing timeline
Last 20 of 88 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-10 | AA | accounts | Accounts with accounts type group | |
| 2026-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-14 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-07-25 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-07-08 | AA | accounts | Accounts with accounts type group | |
| 2025-07-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-09 | SH01 | capital | Capital allotment shares | |
| 2025-03-24 | SH01 | capital | Capital allotment shares | |
| 2025-03-05 | SH01 | capital | Capital allotment shares | |
| 2024-09-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-19 | AA | accounts | Accounts with accounts type group | |
| 2024-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-22 | AA | accounts | Accounts with accounts type group | |
| 2023-06-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-30 | RESOLUTIONS | resolution | Resolution | |
| 2022-06-16 | AA | accounts | Accounts with accounts type group | |
| 2022-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 3
- 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.