NEO NEXT+ ENERGY EXPLORATION UK LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -7.7%

  £7,590,641 → £7,006,803

• Cash

  +46%

  £886,596 → £1,294,012

• Net assets

  +3.9%

  £26,058,160 → £27,080,810

• Employees

  —

  Not reported

• Operating profit

  +72.5%

  -£1,640,876 → -£450,774

• Profit before tax

  +83.1%

  -£4,453,166 → -£751,290

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. NEO NEXT+ ENERGY EXPLORATION UK LIMITED 2026-03-30 → present
2. NEO ENERGY EXPLORATION UK LIMITED 2019-11-20 → 2026-03-30
3. VERUS EXPLORATION UK LIMITED 2019-01-23 → 2019-11-20
4. SPIKE EXPLORATION UK LTD 2012-10-24 → 2019-01-23

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have no reason to believe that material uncertainty exists that may cast doubt about the Company's ability to continue as a going concern or its ability to continue with the current and planned banking arrangements. On the basis of the above analysis, the directors consider it appropriate to adopt the going concern basis of accounting in preparing the Report and the Financial statements.”

Significant events

• “On 3 March 2025, the Energy Profit Levy (EPL) extensions were substantially enacted after a third reading of the Finance Bill in Parliament.”
• “On 27 March 2025, NEO announced that it would combine with Repsol S.A.'s UK North Sea upstream business in a share for share transaction. On completion, NEO will be owned 55% by funds managed by Hitec Vision and 45% by Repsol S.A. Completion of the transaction is subject to customary regulatory approvals and is expected Q3 2025.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

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