SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED
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Cash
£0
-100% lowest in 3 filed years
Net assets
£691m
+26.3% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£234m
+267.9% highest 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 | £127,067,000 | £92,985,000 | £133,365,000 | +43.4% | |
| Operating profit | £74,675,000 | £39,327,000 | £209,258,000 | +432.1% | |
| Profit before tax | £93,579,000 | £63,609,000 | £233,997,000 | +267.9% | |
| Net profit | -£14,169,000 | £49,750,000 | £103,799,000 | +108.6% | |
| Cash | £10,632,000 | £209,000 | £0 | -100% | |
| Total assets less current liabilities | £529,999,000 | £577,234,000 | £700,503,000 | +21.4% | |
| Net assets | £497,348,000 | £547,098,000 | £690,836,000 | +26.3% | |
| Equity | £497,348,000 | £547,098,000 | £690,836,000 | +26.3% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £728,000 | £292,000 | £142,000 | -51.4% | |
| Directors' pension contributions | £7,000 | £4,000 | £4,000 | 0% | |
| Highest paid director | £196,000 | £126,000 | £52,000 | -58.7% |
Values shown as filed in the company's annual accounts. — 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 | 58.8% | 42.3% | 156.9% | |
| Net margin | -11.2% | 53.5% | 77.8% | |
| Return on capital employed | 14.1% | 6.8% | 29.9% | |
| Gearing (liabilities / total assets) | 9.3% | 11.0% | 23.5% | |
| Current ratio | 1.27x | 0.36x | 0.76x | |
| Interest cover | — | 63.33x | — |
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
- SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED 2017-12-11 → present
- BAYERNGAS EUROPE LIMITED 2009-10-16 → 2017-12-11
- GENESIS PETROLEUM EUROPE LIMITED 2006-03-08 → 2009-10-16
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The parent company, Spirit Energy Limited, confirms it will continue to provide financial support to the Company to ensure it can meet its obligations as they fall due, for at least 20 months following from 27 April 2026, provided the Company remains a member of the Group. The amounts owed to group undertakings will not be required to be repaid to Spirit Energy Limited for at least 12 months following the signing of the financial statements.”
Significant events
- “On 19 May 2025, the Group entered into a Sale and Purchase Agreement (SPA) with Ithaca Energy plc for the disposal of a 46.25% interest in the Cygnus gas field. The transaction had an effective date of 1 January 2025 with control passing on 1 October 2025.”
- “Prior to completion of this disposal, the Group approved and executed an internal transfer of Spirit Energy North Sea Limited's (SENSL) 48.75% interest in the Cygnus field to Spirit Energy Southern North Sea Limited (SESNSL).”
- “On 16 December 2025, Spirit Energy Limited announced that the Group had entered into an SPA with Serica Energy plc for the sale of the Group's Dutch North Sea portfolio, the UK Greater Markham Area fields and the UK Southern North Sea assets, including the remaining 15% interest in the Cygnus field.”
- “Following completion of this transaction, the Company will no longer hold any interest in producing assets, and its principal activity will be earning interest income on amounts owed by group undertakings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWELL-HOOK, Matthew David | Director | 2025-09-01 | Mar 1983 | British |
| HARRISON, Nicholas Charles | Director | 2024-07-31 | Jan 1967 | British |
| HEPBURN, Peter Wilson | Director | 2025-07-18 | Dec 1971 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MACLEOD, Nicola | Secretary | 2019-01-29 | 2024-07-31 |
| CARGIL MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2006-03-08 | 2017-12-08 |
| CENTRICA SECRETARIES LIMITED | Corporate Secretary | 2017-12-08 | 2018-12-31 |
| BERLI, Kristen | Director | 2006-05-04 | 2007-12-18 |
| HAAGAARD, Michael Spanggaard | Director | 2006-03-08 | 2009-11-20 |
| HARRISON, Gerald Martin | Director | 2006-03-08 | 2022-06-24 |
| JONES, Dennis Gareth | Director | 2019-11-01 | 2024-08-30 |
| KABRA, Girish Rajkumar | Director | 2022-08-05 | 2025-03-13 |
| LE POIDEVIN, Andrew Daryl | Director | 2017-12-08 | 2019-05-31 |
| MACLEOD, Nicola Jane | Director | 2018-10-01 | 2024-07-31 |
| MARTINSEN, Rune | Director | 2018-06-01 | 2018-12-31 |
| MCCULLOCH, Neil James | Director | 2019-01-01 | 2023-09-29 |
| MCGINIGAL, Scott | Director | 2023-09-29 | 2025-07-18 |
| MEERPOHL, Thomas Christian, Dr | Director | 2015-10-16 | 2015-10-16 |
| TANNER, Paul Martyn, Roger | Director | 2017-12-08 | 2018-05-31 |
| WEIR, Fraser Dawson | Director | 2017-12-08 | 2018-05-31 |
| ZIEGLER, Thomas | Director | 2006-05-04 | 2007-12-18 |
| LEA YEAT LIMITED | Corporate Director | 2006-03-08 | 2006-03-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Spirit Europe Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 118 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | AA | accounts | Accounts with accounts type full | |
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-25 | CH01 | officers | Change person director company with change date | |
| 2025-07-25 | CH01 | officers | Change person director company with change date | |
| 2025-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-19 | AA | accounts | Accounts with accounts type full | |
| 2024-08-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-03-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-19 | 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.