CHRYSAOR LIMITED
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Cash
—
Latest balance sheet
Net assets
£788M
USD 1,048,312,000
+0.3% vs 2023
Employees
0
Average over period
Profit before tax
£102M
USD 135,641,000
-91.4% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £580,820,867 | £738,173,344 | +27.1% | |
| Operating profit | £1,222,901,601 | £135,577,689 | -88.9% | |
| Profit before tax | £1,187,679,471 | £101,962,715 | -91.4% | |
| Net profit | £298,165,076 | £2,067,955 | -99.3% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £2,460,799,820 | £2,612,809,893 | +6.2% | |
| Net assets | £785,958,806 | £788,026,761 | +0.3% | |
| Equity | £785,958,806 | £788,026,761 | +0.3% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £0 | £0 | — |
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 |
|---|---|---|---|
| Operating margin | — | 18.4% | |
| Net margin | 51.3% | 0.3% | |
| Return on capital employed | 49.7% | 5.2% | |
| Gearing (liabilities / total assets) | 77.2% | 80.0% | |
| Current ratio | 1.95x | 1.76x | |
| Interest cover | 23.53x | 2.97x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have adopted the going concern basis of accounting for the preparation of the financial statements as the Company's ultimate parent company, Harbour Energy plc, has undertaken to directly provide the necessary financial support to the Company, as and when required, to meet all liabilities for a period of 12 months from the date of signing these financial statements.”
Significant events
- “In September 2024, the North West Seymour infill well came on-stream.”
- “First oil from the Talbot development, a multi-well subsea tie-back to the Judy platform, was delivered in November 2024.”
- “During 2024, a gas discovery was made at Jocelyn South. This well was drilled as a keeper well and was brought on-stream through the Judy platform in Q1 2025.”
- “At 31 December 2024, the Company's financial hedging programme showed a negative fair value of $91.4 million (2023: $59.5 million).”
- “In October 2024, the UK government announced changes to the EPL including an increase in the rate from 35% to 38%, the removal of the main EPL investment allowance and an extension of the levy to 31 March 2030.”
- “On 24 May 2024, Finance (No.2) Act 2024, enacted the Energy Security Investment Mechanism (ESIM).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARBOUR ENERGY SECRETARIES LIMITED | Corporate Secretary | 2022-10-10 | — | — |
| BARR, Scott | Director | 2024-12-12 | Jul 1976 | British |
| LANDES, Howard Ralph | Director | 2021-10-20 | Dec 1975 | British |
| SCOTT, Russell | Director | 2024-12-12 | Sep 1973 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DASHWOOD, William Robert | Secretary | 2007-11-06 | 2017-02-16 |
| LANDES, Howard Ralph | Secretary | 2017-02-16 | 2022-10-10 |
| DASHWOOD, William Robert | Director | 2007-11-06 | 2017-09-25 |
| KERON, Neil Alexander | Director | 2008-04-04 | 2010-10-12 |
| KIRK, Phil | Director | 2007-11-06 | 2017-01-13 |
| KIRK, Philip Andrew | Director | 2017-01-13 | 2022-02-28 |
| KRANE, Alexander Lorentzen | Director | 2021-10-20 | 2024-12-12 |
| OSBORNE, Andrew Jon | Director | 2013-10-22 | 2021-10-26 |
| PATIENCE, Andrew James | Director | 2010-10-12 | 2017-09-25 |
| PODDUBIUK, Robert | Director | 2008-04-04 | 2017-09-25 |
| TOLSON, Karl | Director | 2008-04-04 | 2017-09-25 |
| WALTER, Dave | Director | 2008-04-04 | 2017-09-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Chrysaor E&P Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Appoints directors (as firm) | 2017-08-15 | Active |
Filing timeline
Last 20 of 127 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | CH01 | officers | Change person director company with change date | |
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-08-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-03 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-12-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-08-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-05-23 | CH01 | officers | Change person director company with change date | |
| 2023-04-06 | CH01 | officers | Change person director company with change date | |
| 2022-11-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-01 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.