CNOOC PETROLEUM FARRAGON U.K. LIMITED
Operating as a UK subsidiary of the Chinese state-owned energy group CNOOC, the company is engaged in the extraction and production of crude petroleum.
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Cash
£11M
USD 14,278,000
+3.9% highest in 3 filed years
Net assets
£5M
USD 6,632,000
+1.4% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£266K
USD 354,000
-80.1% 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 | £3,839,735 | £2,476,133 | £1,934,150 | -21.9% | |
| Operating profit | £2,366,384 | £1,168,909 | £269,864 | -76.9% | |
| Profit before tax | £2,366,384 | £1,338,044 | £266,105 | -80.1% | |
| Net profit | £822,371 | £461,550 | £66,902 | -85.5% | |
| Cash | £9,644,441 | £10,333,008 | £10,732,917 | +3.9% | |
| Total assets less current liabilities | £13,381,192 | £14,134,406 | — | — | |
| Net assets | £4,456,889 | £4,918,439 | — | — | |
| Equity | £4,456,889 | £4,918,439 | £4,985,342 | +1.4% | |
| Average employees | 0 | 0 | — | — | |
| Wages | £0 | £0 | — | — | |
| 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 61.6% | 47.2% | 14.0% | |
| Net margin | 21.4% | 18.6% | 3.5% | |
| Return on capital employed | 17.7% | 8.3% | — | |
| Gearing (liabilities / total assets) | 67.6% | 66.0% | — | |
| Current ratio | 26.60x | 32.87x | — | |
| Interest cover | 9.43x | 3.38x | 0.60x |
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 2 times since incorporation
- CNOOC PETROLEUM FARRAGON U.K. LIMITED 2019-01-14 → present
- NEXEN PETROLEUM DRAGON U.K. LIMITED 2010-08-20 → 2019-01-14
- BRITCANA ENERGY LTD 2005-12-06 → 2010-08-20
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have, at the time of approving these financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for a period to 30 September 2027. Accordingly, the Directors continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “Risk of changing international, political and economic factors: The international political and economic situation is complex and changeable. The conflict between Russia and Ukraine, and the more recent instabilities in the Middle East region. have accelerated profound changes in the world landscape and triggered violent shocks in the international energy market. As a result, our financial condition and operating results could be adversely affected by associated international actions, general strikes, political instability and war.”
- “Risk of climate change and environmental policy changes: With the coming into force of the Paris Agreement and the continuing growth of the public's awareness of climate change problems. the carbon emission policies of different countries have been enacted one after another. The goal of 'Carbon peak and Carbon neutrality' proposed by various countries will greatly accelerate the process of energy transition, posing challenges to the oil and gas industry.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| YANG, Baohui | Secretary | 2023-10-06 | — | — |
| MA, Hongwei | Director | 2025-04-11 | Sep 1974 | Chinese |
| MA, Qiang | Director | 2025-04-11 | Nov 1980 | Chinese |
| PAN, Yiyong | Director | 2023-07-26 | Nov 1973 | Chinese |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOYLE, Jamie David | Secretary | 2016-03-23 | 2021-08-25 |
| GUNN, Paul George | Secretary | 2021-12-07 | 2023-10-06 |
| KAUL, Sheila | Secretary | 2010-04-13 | 2016-03-21 |
| POWELL, Mark James | Secretary | 2005-12-06 | 2010-04-13 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2005-12-06 | 2005-12-06 |
| ADDY, Peter David | Director | 2011-04-01 | 2011-07-27 |
| BARBER, Gina Anne | Director | 2015-05-01 | 2016-10-31 |
| BOSWELL, William Patrick | Director | 2005-12-06 | 2010-04-13 |
| DOYLE, Jamie David | Director | 2014-10-16 | 2021-08-25 |
| FANG, Dianyong | Director | 2021-12-07 | 2025-04-11 |
| FANG, Zhi | Director | 2014-02-17 | 2019-05-16 |
| FENNELL, Robert Norman | Director | 2010-10-01 | 2013-09-01 |
| GUNN, Paul George | Director | 2021-12-07 | 2023-09-07 |
| HARVEY, Lewis Trenear | Director | 2010-08-19 | 2014-03-04 |
| JIANG, Qing | Director | 2020-06-04 | 2023-07-26 |
| KENNEDY, Archibald Wood | Director | 2012-02-01 | 2015-06-30 |
| KUANG, Likun | Director | 2019-11-27 | 2021-12-07 |
| LIU, Hui | Director | 2019-05-16 | 2020-11-17 |
| MACAULAY, Ian Alexander David | Director | 2011-01-20 | 2014-05-22 |
| O'BRIEN, Alan, Mr. | Director | 2010-04-13 | 2011-01-20 |
| OLDHAM, Philip, Mr. | Director | 2010-04-13 | 2012-01-31 |
| REINHART, Kevin | Director | 2014-02-17 | 2014-04-25 |
| RIDDOCH, Ray Christopher John | Director | 2015-06-09 | 2020-03-06 |
| RIDDOCH, Ray Christopher John | Director | 2013-09-01 | 2014-03-04 |
| ROESSEL, Theresa Ann | Director | 2013-08-15 | 2015-06-30 |
| SCHONBERNER, Marilyn Joy | Director | 2010-04-13 | 2013-08-16 |
| SMALE, Ian Michael | Director | 2014-01-21 | 2019-11-27 |
| SPAARGAREN, Bastiaan | Director | 2012-01-01 | 2014-03-04 |
| TILFORD, Brent Christian | Director | 2017-01-25 | 2019-11-27 |
| WU, Zixian | Director | 2021-01-20 | 2025-04-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cnooc Petroleum Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 135 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-25 | AA | accounts | Accounts with accounts type full | |
| 2025-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-20 | AA | accounts | Accounts with accounts type full | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-05-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-02-22 | CH01 | officers | Change person director company with change date | |
| 2023-10-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-17 | AA | accounts | Accounts with accounts type full | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full |
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.