CUADRILLA ELSWICK (NO.2) LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on the going concern basis, notwithstanding net liabilities of £283,000 (2024: £283,000), which the directors believe to be appropriate for the following reasons: The directors have prepared cashflow forecasts for the 12-month period to 31 January 2027. The Company is dependent for its working capital on funds provided to it by AJL, the Company's parent. AJL, has provided a letter of support to the Company indicating that for 12 months from the date of approval of these financial statements i.e., to 31 January 2027, AJL will continue to provide the necessary financial support to enable the Company to trade and meet its liabilities as they fall due. The directors of the Company acknowledge there are material uncertainties that may cast doubt upon the Company's ability to continue as a going concern due to the considerations which have been assessed by AJL, as set out in the AJL Group Report for the full year ended 30 June 2025. The directors are of the view that these do not have any impact on AJL's ability to provide the financial support to the Company as set out in the support letter and therefore continue to adopt the going concern basis in preparing these financial statements. These financial statements do not contain the adjustments that would result if the Company were unable to continue as a going concern. The financial support commitment obtained from AJL will ensure that the Company has sufficient resources available at the signing date of the financial statements to pay 12 months of forecast liabilities. The directors therefore have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  -£283,000 → -£283,000

• Employees

  —

  Not reported

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

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.

1. CUADRILLA ELSWICK (NO.2) LIMITED 2014-12-19 → present
2. CUADRILLCO LIMITED 2010-02-10 → 2014-12-19

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on the going concern basis, notwithstanding net liabilities of £283,000 (2024: £283,000), which the directors believe to be appropriate for the following reasons: The directors have prepared cashflow forecasts for the 12-month period to 31 January 2027. The Company is dependent for its working capital on funds provided to it by AJL, the Company's parent. AJL, has provided a letter of support to the Company indicating that for 12 months from the date of approval of these financial statements i.e., to 31 January 2027, AJL will continue to provide the necessary financial support to enable the Company to trade and meet its liabilities as they fall due. The directors of the Company acknowledge there are material uncertainties that may cast doubt upon the Company's ability to continue as a going concern due to the considerations which have been assessed by AJL, as set out in the AJL Group Report for the full year ended 30 June 2025. The directors are of the view that these do not have any impact on AJL's ability to provide the financial support to the Company as set out in the support letter and therefore continue to adopt the going concern basis in preparing these financial statements. These financial statements do not contain the adjustments that would result if the Company were unable to continue as a going concern. The financial support commitment obtained from AJL will ensure that the Company has sufficient resources available at the signing date of the financial statements to pay 12 months of forecast liabilities. The directors therefore have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “In the UK general election, held on July 4th, 2024, the Labour party was returned to power with a majority of 174 seats. Since then, the focus of UK energy policy has been almost exclusively on reaching the legislative target of "Net Zero" CO2 emissions by 2050, together with the Labour Party's own much more ambitious target of Net Zero electricity generation by 2030.”
• “In local elections held in England in May 2025, Reform won 41% of the seats up for election and took control of 10 Councils, including Lancashire County Council which controls planning decisions on our Lancashire shale gas exploration area. Reform's energy policy include support for shale gas exploration and an end to the current moratorium on hydraulic fracturing.”
• “The Government announced, on the 22nd of September 2022, that "it was clear that we need more sites drilled in order to gather better data and improve the evidence base" and that it was lifting the moratorium on hydraulic fracturing to allow wells to be drilled and fracked and the required data to be gathered. Some five weeks later, on the 27th of October 2022, following a change of Prime Minister and with no new scientific advice having been requested or produced, the Government announced that it was reimposing the moratorium on hydraulic fracturing "until compelling new evidence is provided which addresses the concerns around the prediction and management of induced seismicity".”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.