CNOOC PETROLEUM FARRAGON U.K. LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-07 (in 4mo)
Last made up 2025-08-24
Watchouts
None on the register
Cash
£10M
USD 13,746,000
+7.1% vs 2023
Net assets
£5M
USD 6,543,000
+10.4% vs 2023
Employees
0
Average over period
Profit before tax
£1M
USD 1,780,000
-43.5% 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 | £3,818,494 | £2,462,436 | |
| Operating profit | £2,353,293 | £1,330,642 | |
| Profit before tax | £2,353,293 | £1,330,642 | |
| Net profit | £817,822 | £458,997 | |
| Cash | £9,591,089 | £10,275,847 | |
| Total assets less current liabilities | £13,307,169 | £14,056,216 | |
| Net assets | £4,432,234 | £4,891,231 | |
| Equity | £4,432,234 | £4,891,231 | |
| Average employees | 0 | 0 | |
| Wages | £0 | £0 | |
| Directors' remuneration | £0 | £0 |
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
-35.5%
£3,818,494 £2,462,436
-
Cash
+7.1%
£9,591,089 £10,275,847
-
Net assets
+10.4%
£4,432,234 £4,891,231
-
Employees
—
Not reported
-
Operating profit
-43.5%
£2,353,293 £1,330,642
-
Profit before tax
-43.5%
£2,353,293 £1,330,642
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 | 61.6% | 54.0% | |
| Net margin | 21.4% | 18.6% | |
| Return on capital employed | 17.7% | 9.5% | |
| Gearing (liabilities / total assets) | 67.6% | 66.0% | |
| Current ratio | 26.60x | 32.87x | |
| Interest cover | 9.43x | 3.87x |
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
- Standalone (parent only)
- Auditor
- Ernst & Young I.I.P
- 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 2026. Accordingly, the Directors continue to adopt the going concern basis of accounting in preparing the annual report and financial statements.”
Significant events
- “Looking forward into 2025, the Company will continue hydrocarbon production activities on the United Kingdom Continental Shelf (UKCS), but has now ceased considering opportunities to acquire additional exploration and production acreage.”
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 134 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2022-08-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.