BP EXPLORATION LIBYA LIMITED
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Cash
£114k
USD 153,000
-52.8% lowest in 3 filed years
Net assets
£64m
USD 85,759,000
-66.9% lowest in 3 filed years
Employees
1
0% vs 2024
Profit before tax
-£4.3m
USD -5,805,000
-369.1% 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 | — | — | — | — | |
| Operating profit | -£4,009,256 | -£8,882,521 | -£11,281,633 | -27% | |
| Profit before tax | £6,448,070 | £1,600,605 | -£4,307,978 | -369.1% | |
| Net profit | £6,140,571 | -£7,378,223 | -£4,317,625 | +41.5% | |
| Cash | £273,768 | £240,369 | £113,544 | -52.8% | |
| Total assets less current liabilities | £230,855,821 | £203,070,678 | £73,908,720 | -63.6% | |
| Net assets | £196,773,612 | £192,277,141 | £63,643,043 | -66.9% | |
| Equity | £196,773,612 | £192,277,141 | £63,643,043 | -66.9% | |
| Average employees | 1 | 1 | 1 | 0% | |
| Wages | £317,697 | £460,840 | £454,917 | -1.3% | |
| Directors' remuneration | £0 | £0 | £0 | — |
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 | -1.7% | -4.4% | -15.3% | |
| Gearing (liabilities / total assets) | 15.7% | 8.8% | 22.9% | |
| Current ratio | 87.78x | 26.78x | 7.05x | |
| Interest cover | -5.96x | -12.95x | -24.44x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements... No material uncertainties over going concern or significant judgements or estimates on the assessment were identified.”
Significant events
- “In May 2024, the company's 5% license interest in the Foinaven main field (and 1.868% ownership interest in the West of Shetland Gas Pipeline (WOSPS)) was transferred to Britoil Limited.”
- “Following approval from Libya's Council of Ministers on 24 November 2022, an amendment to the EPSA assigns 50% of the company's participating interest under the EPSA to Eni North Africa B.V. (ENA) and transfers operatorship to ENA.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BP SECRETARIES LIMITED | Corporate Secretary | 2025-10-29 | — | — |
| SUNBURY SECRETARIES LIMITED | Corporate Secretary | 2010-07-01 | — | — |
| MCAUSLAN, Andrew James Alexander | Director | 2018-04-27 | Dec 1961 | British |
| ROOME, Barnaby Miles | Director | 2025-02-28 | Aug 1981 | British |
| SHEIKH, Ahmad Bilal | Director | 2026-04-01 | Mar 1972 | American |
| YOUWAKIM, Nader Helmy Zaki | Director | 2023-12-14 | Aug 1973 | Egyptian |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Yasin Stanley | Secretary | 2006-02-01 | 2010-06-30 |
| ELVIDGE, Janet | Secretary | 2005-01-18 | 2006-02-01 |
| FOUAD, Ashraf Hassan Aly | Director | 2015-02-13 | 2017-12-31 |
| IMANOV, Nadir | Director | 2023-12-14 | 2026-04-01 |
| KELLEHER, Dennis Paul | Director | 2005-01-18 | 2005-09-01 |
| MANOOGIAN, Peter Roy | Director | 2005-01-18 | 2008-11-01 |
| MCDOWELL, Hugh Geoffrey | Director | 2008-11-01 | 2011-02-25 |
| NASSIF, Toufic | Director | 2005-01-18 | 2010-06-30 |
| NUNN, Roger Timothy, Mr. | Director | 2014-08-09 | 2015-04-06 |
| O'LEARY, James Joseph | Director | 2015-02-13 | 2018-02-26 |
| PEIJS, Jasper Adrianus Marinus Matthaeus | Director | 2017-04-12 | 2020-12-31 |
| POSADA, Felipe | Director | 2007-10-10 | 2013-07-16 |
| SEMPLE, Andrew Mark | Director | 2010-12-01 | 2015-01-30 |
| SLOAN, Richard Scott | Director | 2005-09-01 | 2009-02-16 |
| SMALE, Ian Michael | Director | 2005-01-18 | 2007-10-01 |
| WALKER, Angus James | Director | 2013-07-16 | 2014-08-09 |
| WALKER, Angus James | Director | 2009-05-01 | 2010-12-01 |
| WEBB, Bruce Douglas | Director | 2014-11-01 | 2017-04-12 |
| WITT, Andrew Jonathan | Director | 2020-12-31 | 2025-02-28 |
| YOUSSEF, Karim Mohamed Alaaeldin Abdelhakim | Director | 2018-01-01 | 2023-06-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bp Exploration Operating Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 127 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-29 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-24 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-12-24 | SH20 | capital | Legacy | |
| 2024-12-24 | CAP-SS | insolvency | Legacy | |
| 2024-12-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-06 | AA | accounts | Accounts with accounts type full | |
| 2024-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-12 | AA | accounts | Accounts with accounts type full | |
| 2023-06-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 2
- Officers appointed
- 2
- 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.