BP EXPLORATION LIBYA LIMITED
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Cash
£227K
USD 302,000
-13.5% vs 2023
Net assets
£182M
USD 241,577,000
-3.7% vs 2023
Employees
1
0% vs 2023
Profit before tax
£1.5M
USD 2,011,000
-75.5% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£3,841,991 | -£8,389,085 | -118.4% | |
| Profit before tax | £6,179,057 | £1,511,689 | -75.5% | |
| Net profit | £5,884,387 | -£6,968,353 | -218.4% | |
| Cash | £262,347 | £227,016 | -13.5% | |
| Total assets less current liabilities | £221,224,536 | £191,789,822 | -13.3% | |
| Net assets | £188,564,234 | £181,595,881 | -3.7% | |
| Equity | £188,564,234 | £181,595,881 | -3.7% | |
| Average employees | 1 | 1 | 0% | |
| Wages | £304,443 | £435,240 | +43% | |
| Directors' remuneration | £0 | £0 | — |
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 |
|---|---|---|---|
| Return on capital employed | -1.7% | -4.4% | |
| Current ratio | 87.78x | 26.78x | |
| Interest cover | -5.96x | -12.95x |
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. The current economic and geopolitical environment were considered as part of the going concern assessment. Accordingly, the company will be able to draw on support from the bp group for the foreseeable future and these financial statements have therefore been prepared on a going concern basis.”
Significant events
- “ENA announced the end of the force majeure in August 2023.”
- “In February 2025, the NOC formally confirmed that the Exploration Period under the EPSA is extended until 31 March 2029”
- “Transfer the company's 5% license interest in Foinaven main field to Britoil Limited was completed in May 2024.”
- “On 21 December 2024, the company approved a share capital reduction by cancelling and extinguishing 1,375,000,000 ordinary shares of $1 each in the share capital of the company.”
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 126 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2022-09-13 | AA | accounts | Accounts with accounts type full |
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.