ADM ENERGY PLC

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ⚠

  Confirmation statement overdue

  Due 2025-12-27.

• ⚠

  Material uncertainty over going concern

  The ability of the Group and Company to continue as a going concern is dependent on raising the necessary funds to service its ongoing working capital requirements as established in the cash flow forecast. At the date of signing these financial statements, there is no guarantee that the funding to meet the Group's and Company's obligations will be secured. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the ability of the Group and Company to continue as a going concern and therefore it may be unable to realise its assets and discharge its llabilities in the normal course of business.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +18.6%

  -£8,924,000 → -£7,263,000

• Employees

  -100%

  6 → 0

• Operating profit

  +94.2%

  -£17,315,000 → -£1,004,000

• Profit before tax

  +100.3%

  -£17,578,000 → £53,000

• Wages

  -10.3%

  £253,000 → £227,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. ADM ENERGY PLC 2019-06-07 → present
2. MX OIL PLC 2014-07-24 → 2019-06-07
3. ASTAR MINERALS PLC 2012-07-23 → 2014-07-24
4. PAN PACIFIC AGGREGATES PLC 2004-12-13 → 2012-07-23

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

RPG Crouch Chapman LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The ability of the Group and Company to continue as a going concern is dependent on raising the necessary funds to service its ongoing working capital requirements as established in the cash flow forecast. At the date of signing these financial statements, there is no guarantee that the funding to meet the Group's and Company's obligations will be secured. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the ability of the Group and Company to continue as a going concern and therefore it may be unable to realise its assets and discharge its llabilities in the normal course of business.”

Group structure

1. ADM ENERGY PLC · parent
   1. ADM 113 Limited 100% · British Virgin Islands · Holding company
   2. PR Oil & Gas Nigeria Limited 100% · Nigeria · Oil exploration & production
   3. K.O.N.H. (UK) Limited 51% · United Kingdom · Dormant
   4. Geo Estratos MXOil, SAPI de CV 100% · Mexico · Dormant
   5. ADM Asset Holdings Limited 100% · United Kingdom · Dormant
   6. ADM 113 One Limited 100% · United Kingdom · Dormant
   7. ADM Energy Services Limited 100% · United Kingdom · Dormant
   8. ADM Energy USA Inc 100% · Texas · Dormant
   9. Blade Oil V, LLC 100% · Texas · Oil exploration & production
   10. Vega Oil and Gas LLC 100% · Texas · Oil exploration & production

Significant events

• “On 21st February 2025, Stefan Olivier resigned as CEO and Claudio Coltellini was reappointed as non executive director.”
• “On 18 March 25, the company raised £274,000 through the issue of 274,000,000 new ordinary shares and £313,000 was raised through subscription shares, both of 0.1pence each. A total of 109,995,000 consideration shares were then issued to Ventura Energy Advisors, LLC (a related party of the Company) for an additional 20% Class B interest in SW Oklahoma Reclamation, LLC.”
• “On 25 March 2025, Randall Connally was appointed as CEO of the Company.”
• “On 27 March 2025, the Company settled outstanding amounts of £78,000 owed to two employees via the issue of 73,844,333 new ordinary shares of 0.001 pence.”
• “On 1 April 2025, Altoona JV, LLC became a whole owned subsidiary of Vega Oil and Gas, LLC by assignment of the membership interest from Atlantic Bridge Energy, Inc.”
• “On 29 April 2025, the Company settled an outstanding debt of £20,000 owed to a creditor via the issue of 20,000,000 new ordinary shares of 0.001 pence.”
• “Prior to 31 December 2025, the Company formed a new wholly owned subsidiary, Vega Energy USA, Inc, which also incorporated Eco Oil Disposal, LLC.”
• “In January 2026 VEUSA completed a senior secured financing with Shoreline Energies, LLC.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

4

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.