CADOGAN ENERGY SOLUTIONS PLC
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Cash
£10M
USD 13,620,000
-5.3% lowest in 3 filed years
Net assets
£21M
USD 28,092,000
-3.4% lowest in 3 filed years
Employees
77
+1.3% highest in 3 filed years
Profit before tax
-£857K
USD -1,140,000
+79.1% vs 2024
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 | £5,675,412 | £6,879,651 | £4,353,905 | -36.7% | |
| Operating profit | -£471,322 | -£424,716 | -£1,285,424 | -202.7% | |
| Profit before tax | £945,651 | -£4,106,592 | -£856,950 | +79.1% | |
| Net profit | £945,651 | -£4,684,658 | -£856,950 | +81.7% | |
| Cash | £10,640,457 | £10,810,344 | £10,238,292 | -5.3% | |
| Total assets less current liabilities | £27,590,017 | £21,989,777 | — | — | |
| Net assets | £27,393,069 | £21,850,710 | £21,117,041 | -3.4% | |
| Equity | £27,393,069 | £21,850,710 | £21,117,041 | -3.4% | |
| Average employees | 74 | 76 | 77 | +1.3% | |
| Wages | £1,320,755 | £1,417,725 | £1,443,283 | +1.8% | |
| Directors' remuneration | £613,719 | £592,408 | £997,550 | +68.4% |
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 | -8.3% | -6.2% | -29.5% | |
| Net margin | 16.7% | -68.1% | -19.7% | |
| Return on capital employed | -1.7% | -1.9% | — | |
| Gearing (liabilities / total assets) | 4.8% | 6.6% | 21.3% | |
| Current ratio | 11.16x | 6.82x | 2.73x | |
| Interest cover | — | -0.74x | -32.26x |
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
- CADOGAN ENERGY SOLUTIONS PLC 2022-12-12 → present
- CADOGAN PETROLEUM PLC 2006-04-20 → 2022-12-12
- HAMSARD 2994 LIMITED 2006-02-22 → 2006-04-20
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Moore Kingston Smith LLP, Statutory Auditor
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the Group’s financial position and its principal risks and uncertainties, including uncertainties regarding the war in Ukraine, the Board has a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the Consolidated and Company Financial Statements.”
Group structure
- CADOGAN ENERGY SOLUTIONS PLC · parent
- Cadogan Petroleum Holdings Ltd 100%
- Cadogan Energy Holdings Ltd 100%
- Cadogan Bityanske BV 100%
- Zagoryanska Petroleum BV 100%
- LLC Cadogan Ukraine 100%
- LLC Astroinvest-Energy 100%
- SE USENCO Ukraine 100%
- LLC USENCO Nadra 100%
- LLC Astro-Service 100%
- Exploenergy s.r.l. 90%
Significant events
- “Subsequent to the reporting date, heightened geopolitical tensions in the Middle East, including military actions involving Iran and disruptions to shipping through the Strait of Hormuz, have resulted in increased volatility in global oil prices which in turn affects domestic oil prices dynamics in Ukraine.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARBER, Ben | Secretary | 2017-02-01 | — | — |
| GAUDEMAR, Thibaut De | Director | 2024-06-21 | Feb 1961 | French |
| JOLIBOIS, Lilia | Director | 2019-11-15 | Dec 1964 | American |
| KHALLOUF, Fady | Director | 2019-11-15 | Jun 1960 | French |
| LEHMANN, Gilbert Jean-Ralph | Director | 2011-11-19 | Sep 1945 | French |
| MACK, Charles | Director | 2024-06-21 | Mar 1960 | British |
| MEEUS, Michel | Director | 2014-06-23 | Jul 1952 | Belgian |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BORT, Stefan Edward | Secretary | 2009-01-26 | 2012-09-18 |
| CARPENTER, Venetia Caroline | Secretary | 2007-06-05 | 2008-03-28 |
| HALABALA, Marta | Secretary | 2015-02-27 | 2017-01-31 |
| JEFFCOCK, William Parkyn Home | Secretary | 2006-03-10 | 2006-04-13 |
| PARMAR, Kamlesh Rameshbhai | Secretary | 2006-04-13 | 2006-12-31 |
| SAWKA, Alexander | Secretary | 2008-03-28 | 2009-01-26 |
| SAWKA, Alexander | Secretary | 2006-12-31 | 2007-06-05 |
| SUDWARTS, Laurence James | Secretary | 2012-09-18 | 2015-02-27 |
| HAMMONDS SECRETARIES LIMITED | Corporate Secretary | 2006-02-22 | 2006-03-10 |
| BARON, Ian Ronald | Director | 2009-03-19 | 2012-06-15 |
| BARON, Ian Ronald | Director | 2006-11-10 | 2008-04-18 |
| BENEDETTI, Alessandro | Director | 2010-08-26 | 2012-06-27 |
| BIDDLESTONE, Peter Anthony | Director | 2006-04-20 | 2009-06-30 |
| COLE, Alan Jack | Director | 2008-05-09 | 2011-06-16 |
| CORBY, Nicholas Charles | Director | 2006-12-19 | 2010-06-30 |
| DAYER, Philip John | Director | 2008-05-09 | 2011-08-01 |
| DONALDSON, James Charles | Director | 2007-03-05 | 2010-06-30 |
| DUFFY, Simon Patrick | Director | 2008-05-09 | 2011-06-16 |
| FURST, Zev | Director | 2011-10-01 | 2019-12-13 |
| GAUQUELIN-DES-PALLIERES, Bertrand Ghislain Yves | Director | 2010-08-26 | 2017-05-02 |
| HOOKE, Nicholas John | Director | 2008-05-09 | 2011-08-01 |
| JEFFCOCK, William Parkyn Home | Director | 2006-03-10 | 2008-04-18 |
| MAHAUX, Jacques Albert Leon Ghislain | Director | 2019-11-15 | 2024-04-22 |
| MICHELOTTI, Guido | Director | 2015-06-25 | 2019-11-15 |
| PARMAR, Kamlesh Rameshbhai | Director | 2006-03-20 | 2006-12-31 |
| ROURKE, Barry John William | Director | 2006-04-20 | 2006-12-13 |
| SAWKA, Alexander | Director | 2006-04-13 | 2009-06-17 |
| SCHENATO, Adelmo | Director | 2012-01-25 | 2019-11-15 |
| STEIN, Gordon Bowman | Director | 2010-11-03 | 2011-10-21 |
| STRAKER SMITH, Richard David | Director | 2006-04-20 | 2006-09-07 |
| TANNOCK, Timothy Charles Ayrton, Dr | Director | 2006-04-20 | 2006-12-13 |
| TESTA, Enrico | Director | 2011-10-01 | 2019-11-15 |
| TOLLEY, Mark Clifton | Director | 2006-03-10 | 2009-03-19 |
| VIVCHARYK, Vasyl Petrovych | Director | 2007-06-05 | 2009-06-09 |
| HAMMONDS DIRECTORS LIMITED | Corporate Director | 2006-02-22 | 2006-03-10 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 256 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-07-06 RESOLUTIONS Resolution
- 2022-12-12 CERTNM Certificate change of name company PDF
- 2022-06-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-08 | AA | accounts | Accounts with accounts type group | |
| 2026-04-14 | CH01 | officers | Change person director company with change date | |
| 2026-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-16 | AA | accounts | Accounts with accounts type group | |
| 2025-02-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-11 | SH01 | capital | Capital allotment shares | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-17 | AA | accounts | Accounts with accounts type group | |
| 2024-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-06 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-06 | AA | accounts | Accounts with accounts type group | |
| 2023-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-12 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-06-30 | RESOLUTIONS | resolution | Resolution | |
| 2022-05-26 | AA | accounts | Accounts with accounts type group | |
| 2022-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- 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.