BP PIPELINES (TANAP) LIMITED
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Cash
£32m
USD 43,114,000
Latest balance sheet
Net assets
£321m
USD 432,021,000
+5% vs 2024
Employees
—
Average over period
Profit before tax
£136m
USD 183,287,000
+57.7% vs 2024
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | £83,791,899 | £135,615,013 | +61.8% | |
| Profit before tax | £86,387,217 | £136,222,222 | +57.7% | |
| Net profit | £86,387,217 | £136,199,182 | +57.7% | |
| Cash | — | £32,043,107 | — | |
| Total assets less current liabilities | £305,896,693 | £321,085,842 | +5% | |
| Net assets | £305,896,693 | £321,085,842 | +5% | |
| Equity | £305,896,693 | £321,085,842 | +5% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| 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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Return on capital employed | 27.4% | 42.2% |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. The current economic and geopolitical environment was considered as part of the going concern assessment. No material uncertainties over going concern or significant judgements or estimates on the assessment were identified. Accordingly, the company will be able to draw on support from the bp group for the foreseeable future and these financial statements have therefore been prepared on a going concern basis.”
Significant events
- “In January 2026, 588,638 ordinary shares, of $1 each for a total nominal value of $588,638, were allotted at a par value to BP Exploration Operating Company Limited.”
- “Over the period from January 2026 to May 2026, the company received ordinary dividends for a total amount of $61 million from its investee.”
- “Over period from January 2026 to May 2026, the company declared and paid interim dividends of $80 million.”
- “On 19 May 2025, the company re-designated its ordinary share capital into class A and class B shares following an agreement by its parent company to sell a 25% interest in the company to AP Chia (UK) Limited.”
- “In 2025, as part of the re-designation of share capital referred to in Note 10 above, the company reduced its share capital by 363,621,799 ordinary shares of $1 each and the amount by which the share capital reduced was credited to the company's profit and loss reserve.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BP SECRETARIES LIMITED | Corporate Secretary | 2026-02-11 | — | — |
| SUNBURY SECRETARIES LIMITED | Corporate Secretary | 2013-12-12 | — | — |
| FREEMAN, Jaqueline Sara | Director | 2016-01-01 | Feb 1968 | British |
| HUMPHREYS, James Robert | Director | 2025-05-22 | Jan 1981 | British,Irish |
| PETRIE, Adam James | Director | 2025-05-22 | Feb 1985 | New Zealander |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRRELL, Gordon Young | Director | 2013-12-12 | 2017-04-02 |
| JONES, Robert Gary | Director | 2017-04-02 | 2025-05-22 |
| JULIUSSEN, Trine Lise | Director | 2022-01-14 | 2025-05-22 |
| JULIUSSEN, Trine Lise | Director | 2020-03-10 | 2020-09-30 |
| MACRAE, Sandra Jean | Director | 2013-12-12 | 2016-01-01 |
| PUFFER, Brian Michael | Director | 2013-12-12 | 2018-02-06 |
| SKINNER-REID, Elaine Patricia | Director | 2020-09-30 | 2022-01-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bp Exploration Operating Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 60 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-22 MA Memorandum articles
- 2025-05-22 RESOLUTIONS Resolution
- 2025-04-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-27 | AA | accounts | Accounts with accounts type full | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-11 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-01-15 | SH01 | capital | Capital allotment shares | |
| 2025-12-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-23 | AA | accounts | Accounts with accounts type full | |
| 2025-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-22 | MA | incorporation | Memorandum articles | |
| 2025-05-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-20 | SH08 | capital | Capital name of class of shares | |
| 2025-04-16 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-04-16 | SH20 | capital | Legacy | |
| 2025-04-16 | CAP-SS | insolvency | Legacy | |
| 2025-04-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-14 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 4
- Officers appointed
- 1
- 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.