TAQA BRATANI LIMITED
Operating as a subsidiary of Abu Dhabi National Energy Company (TAQA), the business is engaged in the extraction of crude petroleum.
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Cash
£532m
USD 715,833,000
-26.2% lowest in 3 filed years
Net assets
£379m
USD 510,268,000
+20.9% vs 2024
Employees
519
-22.2% lowest in 3 filed years
Profit before tax
£96m
USD 129,371,000
-8% 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 | £659,469,342 | £479,001,858 | £220,240,059 | -54% | |
| Operating profit | £264,445,931 | £112,876,254 | £113,449,275 | +0.5% | |
| Profit before tax | £252,148,644 | £104,565,589 | £96,150,873 | -8% | |
| Net profit | £121,296,172 | £17,337,793 | £58,428,837 | +237% | |
| Cash | £839,179,487 | £721,304,348 | £532,020,067 | -26.2% | |
| Total assets less current liabilities | £2,644,063,174 | £1,879,544,407 | £1,664,425,864 | -11.4% | |
| Net assets | £897,136,381 | £313,724,266 | £379,240,431 | +20.9% | |
| Equity | £897,136,381 | £313,947,232 | £379,240,431 | +20.8% | |
| Average employees | 743 | 667 | 519 | -22.2% | |
| Wages | £98,850,985 | £94,416,202 | £102,076,551 | +8.1% | |
| Directors' remuneration | £3,689,335 | £5,424,006 | — | — |
Figures converted to GBP from USD at 0.743 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 | 40.1% | 23.6% | 51.5% | |
| Net margin | 18.4% | 3.6% | 26.5% | |
| Return on capital employed | 10.0% | 6.0% | 6.8% | |
| Gearing (liabilities / total assets) | 73.4% | 87.8% | 82.8% | |
| Current ratio | 3.20x | 2.31x | 2.56x | |
| Interest cover | 3.86x | 1.67x | 1.89x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Using these forecasts and sensitivities along with additional stress testing, the Directors have no reason to believe that a material uncertainty exists that may cast significant doubt over the ability of the Company to continue as a going concern.”
Significant events
- “During 2025, the management team continued their focus on maximising the value of the late-life asset base. One example during the year was the decision to delay the Cessation of Production (COP) milestone on the East Brae asset beyond the initial budget timeline.”
- “On 13 January 2026, the Company commenced collective consultation with formal plans to make 71 employees redundant, primarily between March 2026 and December 2026, in line with the late-life roadmap of the business. The Company subsequently recorded a provision, in line with the requirements of IAS 37, considering a constructive obligation, to the value of $12,106,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RETTIE, Christopher Graham Ross | Secretary | 2025-03-12 | — | — |
| HUTCHISON, Alexander Burnett | Director | 2015-09-17 | Mar 1978 | British |
| POLO, Franco | Director | 2022-12-12 | Dec 1957 | Italian |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUQUETTE, Francois | Secretary | 2006-10-24 | 2008-03-06 |
| HUTCHISON, Alexander Burnett | Secretary | 2011-07-01 | 2025-03-12 |
| MUNRO, Tamsin Clare | Secretary | 2006-12-20 | 2006-12-21 |
| SHELDON, Carl Robert | Secretary | 2008-03-06 | 2011-07-01 |
| MD SECRETARIES LIMITED | Corporate Nominee Secretary | 2006-10-23 | 2006-10-24 |
| AL AHBABI, Mohammed Abdulla Falah Jaber | Director | 2017-05-31 | 2022-12-12 |
| ALDHAHERI, Saeed Hamad Obaid | Director | 2016-06-22 | 2017-05-30 |
| ALKETBI, Awad Saeed Bakhit Saeed | Director | 2017-05-31 | 2022-12-12 |
| COOK, David Bruce | Director | 2013-07-22 | 2014-03-18 |
| E BARKER HOMEK, Peter | Director | 2006-10-24 | 2009-10-16 |
| FOWLER, Neil Morgan | Director | 2015-09-17 | 2020-01-06 |
| GAMBHIR, Vivek | Director | 2017-05-31 | 2024-08-22 |
| GELDER, Paul Van | Director | 2008-06-01 | 2010-09-01 |
| GIBSON, David | Director | 2015-09-17 | 2019-05-10 |
| JONES, Peter David Anderson | Director | 2013-07-01 | 2016-11-14 |
| KOOT, Leo Willem | Director | 2009-08-21 | 2013-07-01 |
| LAFEHR, Edward David | Director | 2014-07-07 | 2016-06-21 |
| SHELDON, Carl Robert | Director | 2009-08-21 | 2013-07-22 |
| TAYLOR, Donald Niven | Director | 2015-09-17 | 2025-01-31 |
| MD DIRECTORS LIMITED | Corporate Nominee Director | 2006-10-23 | 2006-10-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Abu Dhabi Government | Legal person | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 113 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-21 | AA | accounts | Accounts with accounts type full | |
| 2026-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-05-28 | CH03 | officers | Change person secretary company with change date | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-03-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-20 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-12-20 | SH20 | capital | Legacy | |
| 2024-12-20 | CAP-SS | insolvency | Legacy | |
| 2024-12-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-03 | AA | accounts | Accounts with accounts type full | |
| 2024-08-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-12 | AA | accounts | Accounts with accounts type full | |
| 2023-05-17 | CH01 | officers | Change person director company with change date | |
| 2023-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-05 | CH01 | officers | Change person director company with change date | |
| 2023-04-05 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- 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.