MEDCO ENERGI THAILAND (E&P) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-08 (in 10mo)
Last made up 2026-02-22
Watchouts
None on the register
Cash
£161K
USD 216,000
-77.7% vs 2023
Net assets
£144M
USD 192,946,000
-0.2% vs 2023
Employees
0
Average over period
Profit before tax
£6M
USD 8,519,000
-36.9% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £42,357,778 | £35,789,788 | |
| Operating profit | £12,004,934 | £7,033,715 | |
| Profit before tax | £10,098,677 | £6,368,394 | |
| Net profit | £1,623,682 | -£303,506 | |
| Cash | £723,630 | £161,471 | |
| Total assets less current liabilities | — | — | |
| Net assets | £144,540,629 | £144,237,123 | |
| Equity | £144,540,629 | £144,237,123 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | — | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-15.5%
£42,357,778 £35,789,788
-
Cash
-77.7%
£723,630 £161,471
-
Net assets
-0.2%
£144,540,629 £144,237,123
-
Employees
—
Not reported
-
Operating profit
-41.4%
£12,004,934 £7,033,715
-
Profit before tax
-36.9%
£10,098,677 £6,368,394
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 28.3% | 19.7% | |
| Net margin | 3.8% | -0.8% | |
| Gearing (liabilities / total assets) | 47.3% | 46.5% | |
| Current ratio | -0.15x | -0.15x | |
| Interest cover | 6.30x | 10.57x |
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.
Name history
Renamed 5 times since incorporation
- MEDCO ENERGI THAILAND (E&P) LIMITED 2019-09-03 → present
- MEDCO THAILAND (E&P) LIMITED 2019-07-18 → 2019-09-03
- OPHIR THAILAND (E&P) LIMITED 2015-07-07 → 2019-07-18
- SALAMANDER ENERGY (E&P) LIMITED 2006-04-11 → 2015-07-07
- SALAMANDER ENERGY (THAILAND) LIMITED 2005-04-20 → 2006-04-11
- CLIPCLOSE LIMITED 2005-02-22 → 2005-04-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is dependent upon its parent undertaking, PT Medco Energi Internasional Tbk. (MEI), to assist it in meeting its liabilities as they fall due, to the extent that money is not available to the Company to meet such liabilities, for a period ending 23 September 2026, being the going concern period.”
Group structure
- MEDCO ENERGI THAILAND (E&P) LIMITED · parent
- Salamander Energy (Bualuang Holdings) Ltd 100%
- Salamander Energy (Lao) Company Ltd 100%
- Salamander Energy (S.E. Asia) Ltd 100%
- Ophir Indonesia (S.E. Sangatta) Ltd 100%
- Medco Energi Thailand (Bualuang) Ltd 100%
Significant events
- “On 21st August 2025, Medco Energi Thailand (Bualuang) Limited and Medco Energi Thailand (E&P) Limited have received approval from the Government of Thailand for an extension of the production period until October 2035 for the Bualuang Oil Field (Block B8/38) in the Gulf of Thailand.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BANSAL, Sanjeev | Director | 2019-05-22 | May 1971 | Indian |
| KRISTA, Ms | Director | 2020-03-31 | Nov 1974 | Indonesian |
| LORATO, Roberto | Director | 2019-05-22 | Apr 1958 | Italian |
| STEWART, Craig Douglas | Director | 2019-05-22 | Mar 1956 | Canadian |
| SUANG, Teo Chang | Director | 2020-03-31 | Mar 1973 | Singaporean |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRIE, Douglas Jaffray | Secretary | 2008-10-13 | 2011-06-30 |
| BUTCHER, Moria | Secretary | 2005-04-19 | 2007-07-04 |
| LYONS, Robert | Secretary | 2016-02-08 | 2018-03-28 |
| MORGAN, Charles Lawrence | Secretary | 2013-08-28 | 2015-03-02 |
| MORRIS, Lucy Rhiannon | Secretary | 2018-03-29 | 2019-11-15 |
| SMITH, Martin Charles | Secretary | 2007-07-04 | 2008-10-13 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 2005-02-22 | 2005-04-19 |
| COCHRAN, Andrew Liam | Director | 2005-04-19 | 2008-12-31 |
| COOPER, Nicholas John, Dr | Director | 2015-03-02 | 2018-07-06 |
| COOPER, Nicholas John, Dr | Director | 2005-04-19 | 2011-05-31 |
| COPUS, Jonathan Michael, Dr | Director | 2013-08-28 | 2015-03-02 |
| HIGGS, William George, Dr | Director | 2015-03-02 | 2017-08-07 |
| LEVY, Adrian Joseph Morris | Director | 2005-02-22 | 2005-04-19 |
| MCMURTRIE, John Alec | Director | 2014-09-30 | 2017-12-31 |
| MENZIES, James Graeme | Director | 2005-04-19 | 2015-03-02 |
| MULGROVE, Anthony John | Director | 2018-01-01 | 2020-01-31 |
| PUDGE, David John | Nominee Director | 2005-02-22 | 2005-04-19 |
| QUINN, Oliver Francis, Dr | Director | 2017-08-07 | 2019-07-12 |
| ROUSE, Anthony John | Director | 2015-03-02 | 2019-05-21 |
| ROUSE, Anthony John | Director | 2011-05-31 | 2014-01-31 |
| TAYLOR, William Emil | Director | 2014-01-31 | 2014-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Salamander Energy Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 171 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-08 | AA | accounts | Accounts with accounts type full | |
| 2022-11-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-12 | AA | accounts | Accounts with accounts type full | |
| 2021-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-12 | AA | accounts | Accounts with accounts type full | |
| 2020-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2020-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2020-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2020-03-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-13 | EH01 | officers | Elect to keep the directors register information on the public register |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.