GULFSANDS PETROLEUM PLC
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Cash
£728K
USD 968,000
+95.6% highest in 3 filed years
Net assets
£72M
USD 96,099,000
-2.9% vs 2024
Employees
9
0% vs 2024
Profit before tax
-£2.6M
USD -3,456,000
-20.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
this indicates that a material uncertainty exists that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern.
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 | -£2,166,429 | -£2,102,533 | -£2,707,660 | -28.8% | |
| Profit before tax | -£4,057,731 | -£2,149,891 | -£2,597,910 | -20.8% | |
| Net profit | -£4,057,731 | -£2,149,891 | -£2,597,910 | -20.8% | |
| Cash | £478,088 | £372,097 | £727,655 | +95.6% | |
| Total assets less current liabilities | — | £77,374,276 | £77,788,469 | +0.5% | |
| Net assets | — | £74,387,732 | £72,238,593 | -2.9% | |
| Equity | £70,122,529 | £74,387,732 | £72,238,593 | -2.9% | |
| Average employees | 9 | 9 | 9 | 0% | |
| Wages | £709,614 | £720,138 | £799,820 | +11.1% | |
| Directors' remuneration | £441,254 | £557,017 | £654,740 | +17.5% |
Figures converted to GBP from USD at 0.752 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 | — | -2.7% | -3.5% | |
| Gearing (liabilities / total assets) | — | 4.1% | 7.6% | |
| Current ratio | 1.84x | 2.90x | 2.35x | |
| Interest cover | -1.53x | -30.40x | -8.21x |
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
- UK adopted International Financial Reporting Standards (IFRS)
- Reporting scope
- Consolidated group
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“this indicates that a material uncertainty exists that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern.”
Group structure
- GULFSANDS PETROLEUM PLC · parent
- Gulfsands Petroleum Ltd. 100%
- Gulfsands Petroleum Holdings Ltd 100%
- Gulfsands Energy UK Limited 100%
- Gulfsands Middle East Limited 100%
- Gulfsands Petroleum Levant Ltd 100%
- Gulfsands Petroleum Iraq Ltd 100%
- Gulfsands Petroleum (MENA) Ltd 100%
Significant events
- “Following the widespread lifting of international sanctions in 2025 and Syrian Petroleum Company ("SPC") regaining control and custody of oil fields in the North-East of Syria, Gulfsands has begun the process of recommencing Oil and Gas operations in Block 26 in H1 2026.”
- “On 10th March 2026 Gulfsands' management, together with a delegation from the SPC, set foot in Block 26 for the first time in over 14 years.”
- “On 23rd April 2026, Gulfsands' Joint Operating Company, Dijla Petroleum Company ("Dijla") was reconstituted and held its inaugural Board meeting attended by Gulfsands, SPC and Sinochem - launching a new era for the Block 26 project.”
- “In December 2025 the Company undertook a Share Capital Reorganisation to help prepare the Company for its future corporate strategy. The impact of the Share Capital Reorganisation was an effective 1 for 20 share consolidation...”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARBER, Ben | Secretary | 2014-04-01 | — | — |
| BELL, John | Director | 2014-08-13 | Oct 1965 | British |
| DARBY, Joseph | Director | 2012-11-26 | Jul 1948 | British |
| EDE-GOLIGHTLY, James Lawrence | Director | 2025-02-03 | Aug 1979 | British |
| KROUPEEV, Mikhail | Director | 2016-10-10 | Aug 1966 | British |
| MORRIS, Andrew James | Director | 2015-04-22 | Aug 1968 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOTTOMLEY, John Michael | Secretary | 2004-12-02 | 2014-04-01 |
| THOMAS, Howard | Nominee Secretary | 2004-12-02 | 2004-12-02 |
| BEARDSALL, Alastair John | Director | 2015-04-14 | 2016-07-22 |
| BOLSOVER, John Derrick | Director | 2005-11-15 | 2006-01-31 |
| BUTLER, Malcolm, Dr | Director | 2005-03-03 | 2006-02-13 |
| CONWAY, Peter Ian | Director | 2014-06-30 | 2015-06-30 |
| COWAN, David John | Director | 2006-02-13 | 2014-06-30 |
| CUTLER, Alan Charles | Director | 2013-09-12 | 2015-08-26 |
| DECORT, David Franklin | Director | 2004-12-02 | 2008-04-30 |
| DORRIER JR, John Pitts | Director | 2004-12-02 | 2008-04-30 |
| EDE-GOLIGHTLY, James Lawrence | Director | 2014-08-13 | 2020-12-31 |
| FAURE, Michel Maurice Jaques | Director | 2013-05-15 | 2014-08-13 |
| JUDGE, Kenneth Peter | Director | 2006-10-19 | 2015-02-03 |
| MALCOLM, Richard John | Director | 2008-10-15 | 2013-04-10 |
| MILNE, Richard Gordon | Director | 2016-10-10 | 2021-07-09 |
| ROSE, Andrew Benedict | Director | 2008-06-01 | 2012-04-30 |
| SAJJAD, Mahdi | Director | 2005-02-18 | 2015-06-30 |
| STONEHILL, Charles Gerald Thoroton | Director | 2005-02-18 | 2006-02-13 |
| TESTER, William Andrew Joseph | Nominee Director | 2004-12-02 | 2004-12-02 |
| THOMAS, Howard | Director | 2004-12-02 | 2004-12-02 |
| WEST, Andrew Thomas | Director | 2006-02-13 | 2016-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Richard Ian Griffiths | Individual | Shares 25–50%, Voting 25–50% | 2024-05-20 | Active |
| Richard Ian Griffiths | Individual | Shares 25–50%, Voting 25–50% | 2017-07-24 | Ceased 2023-06-09 |
Filing timeline
Last 20 of 261 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-27 RESOLUTIONS Resolution
- 2024-07-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-07 | AA | accounts | Accounts with accounts type group | |
| 2026-06-06 | SH01 | capital | Capital allotment shares | |
| 2026-02-24 | SH01 | capital | Capital allotment shares | |
| 2026-02-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-06 | SH02 | capital | Capital alter shares subdivision | |
| 2026-02-06 | SH02 | capital | Capital alter shares consolidation | |
| 2025-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-12 | AA | accounts | Accounts with accounts type group | |
| 2025-05-22 | SH01 | capital | Capital allotment shares | |
| 2025-05-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-07 | SH01 | capital | Capital allotment shares | |
| 2024-07-04 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-10 | AA | accounts | Accounts with accounts type group | |
| 2024-05-22 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-22 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-05-20 | SH01 | capital | Capital allotment shares | |
| 2024-03-28 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 6
- 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.