UNION JACK OIL PLC
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Cash
£2.5M
-51.4% vs 2023
Net assets
£22M
-0.1% vs 2023
Employees
5
+25% vs 2023
Profit before tax
£406K
-70.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-06-30.
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 | £5,065,679 | £3,929,722 | -22.4% | |
| Operating profit | £1,184,509 | £79,864 | -93.3% | |
| Profit before tax | £1,361,323 | £406,218 | -70.2% | |
| Net profit | £859,089 | £649,213 | -24.4% | |
| Cash | £5,198,303 | £2,527,831 | -51.4% | |
| Total assets less current liabilities | £23,787,083 | £23,623,211 | -0.7% | |
| Net assets | £21,896,746 | £21,870,751 | -0.1% | |
| Equity | £21,896,746 | £21,870,751 | -0.1% | |
| Average employees | 4 | 5 | +25% | |
| Wages | £680,833 | £587,500 | -13.7% | |
| Directors' remuneration | £680,833 | £587,500 | -13.7% |
Values shown as filed in the company's annual accounts. — 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 | 23.4% | 2.0% | |
| Net margin | 17.0% | 16.5% | |
| Return on capital employed | 5.0% | 0.3% | |
| Gearing (liabilities / total assets) | 9.4% | 8.3% | |
| Current ratio | 17.32x | 15.23x |
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 1 time since incorporation
- UNION JACK OIL PLC 2012-08-23 → present
- UNION JACK OIL LIMITED 2011-01-18 → 2012-08-23
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors 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 Financial Statements.”
Group structure
- UNION JACK OIL PLC · parent
- Hydrocarbon Ventures Limited
Significant events
- “During January 2025, the Moccasin 1-13 well (Moccasin), located in Pottawatomie County, Oklahoma, USA was spudded and drilled to a Total Depth of 5,690 feet.”
- “Subsequently the 1st Wilcox was perforated and the formation flowed at an open hole rate equating to 621 barrels of oil per day.”
- “Moccasin is now in test production under a restricted choke.”
- “The Bartlesville and Red Fork sands await completion.”
- “During February 2024, a farm-in agreement was announced with Reach to drill the West Bowlegs Prospect in Oklahoma, USA.”
- “In February 2024, the Company acquired a 75% working interest in the Wilzetta drilling project comprising the Diana-1 well in Oklahoma, USA.”
- “During March 2024, the Company acquired Mineral Royalty packages located within the Bakken Shale, North Dakota, Permian Basin, Texas and the Eagle Ford Shale Texas, all in the USA.”
- “In April 2024, the Company obtained a trading facility on the OTCQB Venture Market in the USA.”
- “During May 2024, the Company announced the intent to pay a 0.25 pence dividend in July 2024 to all qualifying shareholders.”
- “In April 2024, Craig Howie joined the Board of Union Jack as an independent non-executive director.”
- “During May 2024, a Carbon Intensity Study on the West Newton gas development project, compiled by GaffneyCline was published showing an AA rating.”
- “In June 2024, the Company acquired a 45% interest in the Rogers Secondary Recovery project in Oklahoma, USA.”
- “In June 2024, Ray Godson, non executive director retired from the Board at the Annual General Meeting.”
- “During October 2024, planning approval for further development at Wressle was rescinded by North Lincolnshire Council as a consequence of the Supreme Court Finch ruling in June 2024.”
- “In November 2024, the Taylor 1-16 well in Oklahoma, USA was drilled and awaits completion in the Hunton and Cromwell formations during H1 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMALL, Matthew George | Secretary | 2017-12-19 | — | — |
| AMERICANOS, John Alec | Director | 2026-01-12 | Nov 1963 | British |
| BRAMHILL, David Roger | Director | 2011-01-18 | Jan 1951 | British |
| BULL, Graham | Director | 2014-09-15 | Jan 1946 | British |
| O'FARRELL, Joseph Bernard | Director | 2012-06-27 | Jul 1951 | Irish |
| PHILLIPS, Donald Zac, Dr | Director | 2026-01-12 | Jul 1972 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARSHALL, Brian Arthur | Secretary | 2011-01-18 | 2017-12-19 |
| DURHAM, Martin John | Director | 2012-09-14 | 2014-09-15 |
| GODSON, Raymond George | Director | 2013-07-30 | 2024-06-27 |
| HOWIE, Craig Robert | Director | 2024-04-22 | 2026-01-12 |
| LANG, Frazer | Director | 2018-12-04 | 2019-06-10 |
| O'DEA, William Gerard | Director | 2012-09-14 | 2013-07-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 121 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-08 RESOLUTIONS Resolution
- 2024-07-04 RESOLUTIONS Resolution
- 2023-07-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-01 | SH01 | capital | Capital allotment shares | |
| 2025-07-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-04 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-18 | AA | accounts | Accounts with accounts type full | |
| 2024-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-30 | AUD | auditors | Auditors resignation company | |
| 2023-07-10 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2023-07-05 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2023-06-07 | AA | accounts | Accounts with accounts type full | |
| 2023-06-05 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2023-05-24 | SH03 | capital | Capital return purchase own shares treasury capital date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 1
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.