ITHACA ZETA LIMITED
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Cash
—
Latest balance sheet
Net assets
£54m
USD 72,258,000
-28.8% vs 2024
Employees
0
Average over period
Profit before tax
-£21m
USD -28,530,000
-588.3% 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 | £811,843 | -£24,085,343 | -3,066.7% | |
| Profit before tax | £4,336,199 | -£21,172,542 | -588.3% | |
| Net profit | £14,553,486 | -£16,609,276 | -214.1% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £83,072,270 | £56,870,501 | -31.5% | |
| Net assets | £75,325,533 | £53,623,748 | -28.8% | |
| Equity | £75,325,533 | £53,623,748 | -28.8% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
Figures converted to GBP from USD at 0.742 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 | 1.0% | -42.4% | |
| Gearing (liabilities / total assets) | 20.8% | 26.0% | |
| Current ratio | 0.37x | 0.06x | |
| Interest cover | 32.90x | -39.20x |
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
- ITHACA ZETA LIMITED 2022-07-08 → present
- SUMMIT EXPLORATION AND PRODUCTION LIMITED 2014-01-24 → 2022-07-08
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have obtained confirmation from Ithaca Energy plc that it will provide the necessary support to enable the Company to meet its obligations as they fall due. This confirmation is valid until 30 June 2027.”
Significant events
- “The Company made a loss for the financial year of $22.4 million mainly due to an impairment of the K2 prospect.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2022-06-30 | — | — |
| FRIEDMAN, Yaniv | Director | 2024-07-01 | Apr 1974 | Israeli |
| LEWIS, Iain Clifford Scobbie | Director | 2022-09-01 | Dec 1977 | British |
| MCATEER, Julie Elizabeth | Director | 2024-05-27 | Mar 1969 | British |
| VASQUES, Luciano Maria | Director | 2024-10-03 | Apr 1963 | Italian |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MATSUOKA, Kazuo | Secretary | 2020-11-11 | 2022-06-30 |
| OZAWA, Masaki | Secretary | 2015-09-23 | 2020-11-11 |
| RYO, Yanagisawa | Secretary | 2014-01-24 | 2015-09-23 |
| AKIYAMA, Ko | Director | 2020-08-05 | 2022-06-30 |
| AUSTIN, John Anthony | Director | 2019-01-01 | 2022-06-30 |
| BRUCE, Alan Alexander | Director | 2022-06-30 | 2024-01-04 |
| CRAWFORD, David Andrew | Director | 2022-06-30 | 2022-09-01 |
| FUJIMAGARI, Tadashi | Director | 2014-01-24 | 2018-06-15 |
| INOUE, Hisataka | Director | 2019-04-01 | 2022-06-30 |
| KANAZAWA, Yukio | Director | 2014-01-24 | 2017-04-28 |
| KODAMA, Akira | Director | 2019-02-06 | 2022-06-30 |
| MORI, Hajime | Director | 2014-01-24 | 2014-11-17 |
| MYERSON, Gilad | Director | 2022-06-30 | 2024-05-27 |
| OKAYASU, Kenji | Director | 2017-04-28 | 2019-02-06 |
| SATO, Wataru | Director | 2015-03-24 | 2022-06-30 |
| SAXBY, Richard | Director | 2014-01-24 | 2017-06-07 |
| SMITH, Carl Kevin | Director | 2014-01-24 | 2019-01-01 |
| SUGIURA, Satoru | Director | 2014-01-24 | 2020-08-05 |
| UENO, Shingo | Director | 2014-11-17 | 2015-03-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ithaca Energy (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-06-30 | Active |
| Sumitomo Corporation | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 95 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-08-03 MA Memorandum articles
- 2023-08-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2026-08-20 | CH01 | officers | Change person director company with change date | |
| 2026-06-17 | CH01 | officers | Change person director company with change date | |
| 2026-01-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-07 | AA | accounts | Accounts with accounts type full | |
| 2025-08-01 | CH01 | officers | Change person director company with change date | |
| 2025-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-25 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-10-18 | CH01 | officers | Change person director company with change date | |
| 2024-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-14 | AA | accounts | Accounts with accounts type full | |
| 2024-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-20 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-07 | CH01 | officers | Change person director company with change date | |
| 2023-08-03 | MA | incorporation | Memorandum articles | |
| 2023-08-03 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.