ITHACA EPSILON LIMITED
Get an alert when ITHACA EPSILON LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-09 (in 6mo)
Last made up 2025-10-26
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
-£2M
USD -2,744,000
-128.5% vs 2023
Profit before tax
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £4,022,576 | £0 | |
| Operating profit | £9,395,231 | -£77,745 | |
| Profit before tax | £7,189,205 | -£2,051,282 | |
| Net profit | £2,582,791 | -£1,735,815 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | — | — | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
-100%
£4,022,576 £0
-
Cash
—
Not reported
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Operating profit
-100.8%
£9,395,231 -£77,745
-
Profit before tax
-128.5%
£7,189,205 -£2,051,282
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 | 233.6% | — | |
| Net margin | 64.2% | — | |
| Interest cover | 3.57x | -0.03x |
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 3 times since incorporation
- ITHACA EPSILON LIMITED 2013-04-23 → present
- VALIANT EPSILON LIMITED 2011-08-22 → 2013-04-23
- SAGEX PETROLEUM UK LIMITED 2008-04-03 → 2011-08-22
- GEYSIRPETROLEUM UK LIMITED 2006-10-26 → 2008-04-03
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have obtained confirmation from Ithaca Energy plc that it will provide the necessary support to enable the Company to meet its obligations as they fall due. This confirmation is valid until 31 December 2026.”
Significant events
- “2024 has been a truly transformational year for Ithaca Energy PLC ("the Group"), with the successful completion of its Business Combination with Eni UK creating a dynamic growth player.”
- “On 3 May 2023, the Company solid its 16.5% equity in the Callanish field to fellow group undertakings, Ithaca MA Limited and recognised a pre-tax gain of $9.5 million in 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2013-04-19 | — | — |
| FRIEDMAN, Yaniv | Director | 2024-07-01 | Apr 1974 | Israeli |
| LEWIS, Iain Clifford Scobbie | Director | 2022-09-01 | Dec 1977 | British |
| MCATEER, Julie Elizabeth | Director | 2024-05-27 | Mar 1969 | British |
| VASQUES, Luciano Maria | Director | 2024-10-03 | Apr 1963 | Italian |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HASLERUD, Bjorn | Secretary | 2006-10-26 | 2008-05-01 |
| HOLTEN, Arild | Secretary | 2008-05-01 | 2009-07-27 |
| MEYER, Henrik | Secretary | 2009-07-27 | 2011-08-01 |
| SHAW, Sandra Nan Demby | Secretary | 2011-08-01 | 2013-04-19 |
| BRUCE, Alan Alexander | Director | 2022-09-01 | 2024-01-04 |
| BUCHANAN, Peter | Director | 2011-08-01 | 2013-04-25 |
| CRAWFORD, David Andrew | Director | 2021-02-01 | 2022-09-01 |
| DUNNETT, Bill | Director | 2020-08-24 | 2021-09-14 |
| FORBES, Graham Andrew | Director | 2013-04-19 | 2021-01-31 |
| HAGEVANG, Terje | Director | 2009-07-27 | 2011-08-01 |
| LARSEN, Dag Oddvar | Director | 2006-10-26 | 2009-07-27 |
| LEWIS, Mark Jonathan | Director | 2011-08-01 | 2013-04-25 |
| MANN, Paul James | Director | 2011-08-01 | 2013-04-25 |
| MCKENDRICK, Charles Iain | Director | 2013-04-19 | 2013-10-01 |
| MYERSON, Gilad | Director | 2021-06-14 | 2024-05-27 |
| SHAW, Sandra Nan Demby | Director | 2011-08-01 | 2013-04-25 |
| THOMAS, Leslie James | Director | 2013-10-01 | 2020-08-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ithaca Petroleum Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 119 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-07 | AA | accounts | Accounts with accounts type full | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-01 | CH01 | officers | Change person director company with change date | |
| 2024-12-06 | AA | accounts | Accounts with accounts type full | |
| 2024-11-19 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2024-11-19 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2024-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-30 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-10-20 | CH01 | officers | Change person director company with change date | |
| 2024-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-07 | CH01 | officers | Change person director company with change date | |
| 2023-11-28 | AA | accounts | Accounts with accounts type full | |
| 2023-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-21 | AA | accounts | Accounts with accounts type full | |
| 2023-06-21 | CH01 | officers | Change person director company with change date | |
| 2023-06-01 | 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
- 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.