UNION JACK OIL PLC
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Cash
£1.5m
-42.2% lowest in 3 filed years
Net assets
£17m
-23% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£6.9m
-1,791.7% 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 | £5,065,679 | £3,929,722 | £2,489,507 | -36.6% | |
| Operating profit | £1,184,509 | £79,864 | -£6,986,271 | -8,847.7% | |
| Profit before tax | £1,361,323 | £406,218 | -£6,871,960 | -1,791.7% | |
| Net profit | £859,089 | £649,213 | -£7,029,350 | -1,182.7% | |
| Cash | £5,198,303 | £2,527,831 | £1,460,847 | -42.2% | |
| Total assets less current liabilities | £23,787,083 | £23,623,211 | £18,592,191 | -21.3% | |
| Net assets | £21,896,746 | £21,870,751 | £16,831,972 | -23% | |
| Equity | £21,896,746 | £21,870,751 | £16,831,972 | -23% | |
| Average employees | 4 | 5 | — | — | |
| Wages | £680,833 | £587,500 | £575,000 | -2.1% | |
| Directors' remuneration | £680,833 | £587,500 | £575,000 | -2.1% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 23.4% | 2.0% | — | |
| Net margin | 17.0% | 16.5% | — | |
| Return on capital employed | 5.0% | 0.3% | -37.6% | |
| Gearing (liabilities / total assets) | 9.4% | 8.3% | 11.8% | |
| Current ratio | 17.32x | 15.23x | 3.78x |
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.
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
- “In January 2025, the Moccasin 1-13 well was spudded in Oklahoma, USA.”
- “During March 2025, the Company announced that the Moccasin 1-13 well was a commercial discovery and in production.”
- “During June 2025, the Company announced the resumption of production from the Keddington Oilfield, following major site upgrades.”
- “During July 2025, the Company raised £2,000,000 before expenses via an institutional placing.”
- “During August 2025, the Sark well located in Oklahoma, USA was drilled and was subsequently classified as non-commercial.”
- “During August 2025, the Company signed an agreement with the operator, Reach, to acquire an interest in the Crossroads exploration well.”
- “During December 2025, the Company announced a planning update for Biscathorpe where the decision was made by the Joint Venture partners to relinquish the licence.”
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 125 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 | |
|---|---|---|---|---|
| 2026-07-07 | AA | accounts | Accounts with accounts type full | |
| 2026-06-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-03 | TM01 | officers | Termination director company with name termination date | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- 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.