GENEL ENERGY SOMALILAND LIMITED
Operating as a subsidiary of the London Stock Exchange-listed Genel Energy plc, the company manages the group's oil and gas exploration licences and support activities in Somaliland.
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Cash
£653k
USD 878,000
+46.6% vs 2024
Net assets
-£33m
USD -44,419,000
-8.7% vs 2024
Employees
23
-11.5% lowest in 3 filed years
Profit before tax
-£2.7m
USD -3,568,000
-342.1% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | — | — | — | — | |
| Operating profit | -£894,091 | -£600,520 | -£2,651,802 | -341.6% | |
| Profit before tax | -£893,348 | -£599,777 | -£2,651,802 | -342.1% | |
| Net profit | -£893,348 | -£599,777 | -£2,651,802 | -342.1% | |
| Cash | — | £445,188 | £652,546 | +46.6% | |
| Total assets less current liabilities | — | -£30,361,204 | -£33,013,006 | -8.7% | |
| Net assets | — | -£30,361,204 | -£33,013,006 | -8.7% | |
| Equity | — | — | — | — | |
| Average employees | 27 | 26 | 23 | -11.5% | |
| Wages | £272,018 | £258,640 | £251,208 | -2.9% | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.743 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 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | 253.8% | 256.0% | |
| Current ratio | — | 0.01x | 0.01x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that preparing the financial statements on a going concern basis is appropriate due to the continued financial support of the ultimate parent company Genel Energy plc. ... As a result, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and consequently the financial statements have been prepared on a going concern basis.”
Significant events
- “Following the U.S.-Israeli air war on Iran that started on 28 February 2026, production operations on the Group's Tawke licence were temporarily shut down. The Group continues to monitor developments closely to assess when it can safely and securely resume production.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KARANIA, Chandni | Secretary | 2017-06-06 | — | — |
| ADAMS, Michael John | Director | 2015-03-19 | Sep 1967 | British |
| CLEMENTS, Luke Nicholas | Director | 2015-06-30 | Apr 1978 | British |
| FREEAR, Andrew Philip | Director | 2024-02-01 | Nov 1982 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROBERTSON, Sarah Elizabeth Highton | Secretary | 2013-02-18 | 2017-06-06 |
| MCCONNACHIE, David John | Director | 2012-06-28 | 2015-06-30 |
| PROCTOR, Charles Richard Faraday | Director | 2012-06-28 | 2015-03-19 |
| WEIR, John Paul | Director | 2022-07-12 | 2024-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Genel Energy Africa Exploration Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 47 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-18 | AA | accounts | Accounts with accounts type full | |
| 2026-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-12 | AA | accounts | Accounts with accounts type full | |
| 2024-07-12 | AA | accounts | Accounts with accounts type full | |
| 2024-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-30 | CH01 | officers | Change person director company with change date | |
| 2024-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full | |
| 2023-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-19 | AA | accounts | Accounts with accounts type full | |
| 2022-07-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-23 | AA | accounts | Accounts with accounts type full | |
| 2021-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-09 | AA | accounts | Accounts with accounts type full | |
| 2020-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.