MEDCO ENERGI THAILAND (E&P) LIMITED
Get an alert when MEDCO ENERGI THAILAND (E&P) LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£271m
USD 365,223,000
+76.5% highest in 3 filed years
Employees
0
Average over period
Profit before tax
—
Period ending 2025-12-31
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 | £44,447,757 | £38,105,699 | £37,248,237 | -2.3% | |
| Operating profit | £12,597,270 | £7,488,857 | £6,719,109 | -10.3% | |
| Profit before tax | £10,596,956 | £6,780,484 | — | — | |
| Net profit | £1,703,797 | -£323,145 | — | — | |
| Cash | £759,335 | £171,920 | — | — | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £151,672,419 | £153,570,519 | — | — | |
| Equity | £151,672,419 | £153,570,519 | £271,037,477 | +76.5% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 |
|---|---|---|---|---|
| Operating margin | 28.3% | 19.7% | 18.0% | |
| Net margin | 3.8% | -0.8% | — | |
| Gearing (liabilities / total assets) | 47.3% | 46.5% | — | |
| Interest cover | 6.30x | 16.11x | 17.58x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“MEI has confirmed it will and has the ability to provide financial support to the Company to the extent that the Company is unable to meet its obligations from its own sources... the Directors have a reasonable expectation that the Company has adequate resources to continue its operations”
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
- “Subsequent to the balance sheet date, the subsidiary entity Ophir Indonesia Southeast Sangatta Limited was liquidated on 2-Apr-26.”
- “In 2025, there was a reversal of impairment of investment in subsidiary of US$170,703,000 and a reduction in share premium account of US$410,651,000 related to investment in Salamander Energy (S.E. Asia) Limited.”
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 172 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-02 | AA | accounts | Accounts with accounts type full | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.