PKP EXPLORATION 2 LIMITED
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Cash
£11k
USD 15,000
-97.7% lowest in 3 filed years
Net assets
£16m
USD 21,564,000
-5.8% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
£50k
USD 67,000
-94.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
On 25 November 2024, a Share Purchase Agreement (SPA) has been signed for sale of the Company. The proposed acquisition gives rise to uncertainty regarding the Company's future strategic direction... This indicates the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
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 | £4,341,858 | £4,958,612 | £3,135,436 | -36.8% | |
| Operating profit | £592,250 | £1,068,927 | £146,197 | -86.3% | |
| Profit before tax | £455,758 | £971,028 | £49,722 | -94.9% | |
| Net profit | £1,699,874 | £1,181,948 | £170,686 | -85.6% | |
| Cash | £211,013 | £476,759 | £11,132 | -97.7% | |
| Total assets less current liabilities | £22,255,256 | £21,211,398 | £19,953,247 | -5.9% | |
| Net assets | £17,923,596 | £16,980,261 | £16,002,968 | -5.8% | |
| Equity | £17,923,596 | £16,980,261 | £16,002,968 | -5.8% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | — | — | |
| Highest paid director | £0 | £0 | — | — |
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 | 13.6% | 21.6% | 4.7% | |
| Net margin | 39.2% | 23.8% | 5.4% | |
| Return on capital employed | 2.7% | 5.0% | 0.7% | |
| Gearing (liabilities / total assets) | 22.7% | 22.9% | 22.0% | |
| Current ratio | 24.36x | 26.83x | 67.69x | |
| Interest cover | 4.15x | 8.34x | 1.38x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“On 25 November 2024, a Share Purchase Agreement (SPA) has been signed for sale of the Company. The proposed acquisition gives rise to uncertainty regarding the Company's future strategic direction... This indicates the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.”
Significant events
- “On 25 November 2024, a Share Purchase Agreement (SPA) was signed for sale of the Company. The legal and completion process of the Transaction was under process as of 31 December 2025 and has not yet completed as at the date of signing these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF GLOBAL SERVICES (UK) LIMITED | Corporate Secretary | 2016-06-16 | — | — |
| AL MARAGHI, Eisa A E A | Director | 2025-05-08 | Mar 1972 | Kuwaiti |
| AL-OSSAIMI, Abdullah Fahad Abdullah Ahmed | Director | 2025-09-18 | Mar 1973 | Kuwaiti |
| EBRAHIM, Tareq Mahmoud Ahmad Hajiah | Director | 2023-11-12 | Nov 1971 | Kuwaiti |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AL-SAMDAN, Abdulhamid Daen | Secretary | 2007-06-29 | 2016-05-22 |
| GARRATT, Heather Diane | Secretary | 2006-09-29 | 2007-06-29 |
| AL BEN ALI, Waleed Ali Rahman Rashid | Director | 2022-04-24 | 2023-02-20 |
| AL MARRI, Mohammad Salem Saleh Mohammad Al Haimer | Director | 2023-02-20 | 2025-04-29 |
| AL QAOUD, Khaled Abdullah Hassan Abdullah | Director | 2009-01-12 | 2013-08-25 |
| AL-ADSANI, Nizar Mohammad | Director | 2011-06-09 | 2013-05-26 |
| AL-AMER, Ghada | Director | 2016-06-16 | 2017-11-19 |
| AL-EIDAN, Ahmad | Director | 2018-10-23 | 2019-04-30 |
| AL-GHANIM, Mohammad | Director | 2013-09-03 | 2016-05-22 |
| AL-KANDARI, Ayyad | Director | 2016-10-25 | 2018-10-23 |
| AL-KHASHTI, Bader Naser | Director | 2007-06-29 | 2007-11-01 |
| AL-NIBARI, Abdullah Mohamed Ahmed | Director | 2006-09-29 | 2007-06-29 |
| AL-QAOUD, Khaled Abdullah Hassan Abdullah | Director | 2017-11-19 | 2019-04-30 |
| AL-SABAH, Nawaf Saud Nasir | Director | 2013-05-26 | 2022-04-24 |
| AL-SHAHEEN, Saeed Mohammad Abdullah Ibrahim | Director | 2019-04-30 | 2023-10-05 |
| ALAFFASI, Abdullah Mohammad Hazzaa Mushari | Director | 2023-11-12 | 2024-09-03 |
| ALAJMI, Fahed Salem Abdullah Aladwa | Director | 2007-11-01 | 2011-06-09 |
| ALFULAIJ, Adbulnaser Yousef Abdulaziz | Director | 2009-01-12 | 2016-05-22 |
| ALGHUNAIM, Shaima Marzouq Yousef Ghunaim | Director | 2024-09-03 | 2025-09-18 |
| ALI, Husneya | Director | 2013-09-03 | 2016-10-25 |
| ALSAEED, Musaad Soliaman Abdulatef Soliaman | Director | 2007-11-01 | 2009-01-12 |
| BAROUN, Abdullah Mahmoud | Director | 2007-06-29 | 2007-11-01 |
| DURRANT, Anthony Richard Charles | Director | 2006-09-29 | 2007-06-29 |
| LOCKETT, Simon Charles | Director | 2006-09-29 | 2007-06-29 |
| MALEK, Abdullah | Director | 2019-09-25 | 2019-12-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kuwait Foreign Petroleum Exploration Co. K.S.C.C | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-10-11 | Active |
| Kuwait Petroleum Corporation | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-10-11 |
Filing timeline
Last 20 of 123 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-06 | AA | accounts | Accounts with accounts type full | |
| 2026-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-09-24 | CH01 | officers | Change person director company with change date | |
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-09-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-18 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-11-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-03 | AA | accounts | Accounts with accounts type full | |
| 2023-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-11 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-11 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.