ANGUS ENERGY PLC

• ⚠

  Material uncertainty over going concern

  The Directors concluded that the going concern basis is appropriate, while noting the material uncertainty disclosed in relation to the potential impact of any continued disruption to gas production, as described in Note 3.3. ... Notwithstanding this conclusion, the Group's dependence on continued gas production, compliance with financing arrangements and the successful completion of the proposed restructuring give rise to a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -17.4%

  £21,802,000 → £18,010,000

• Cash

  -48.4%

  £2,163,000 → £1,116,000

• Net assets

  +5.5%

  £38,688,000 → £40,825,000

• Employees

  -3.7%

  27 → 26

• Operating profit

  +172.9%

  -£2,697,000 → £1,966,000

• Profit before tax

  +103.3%

  -£4,301,000 → £143,000

• Wages

  -17.2%

  £1,895,000 → £1,569,000

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. ANGUS ENERGY PLC 2016-10-13 → present
2. ANGUS ENERGY LIMITED 2015-11-25 → 2016-10-13
3. ANGUS ENERGY HOLDINGS UK LTD 2015-06-01 → 2015-11-25

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors concluded that the going concern basis is appropriate, while noting the material uncertainty disclosed in relation to the potential impact of any continued disruption to gas production, as described in Note 3.3. ... Notwithstanding this conclusion, the Group's dependence on continued gas production, compliance with financing arrangements and the successful completion of the proposed restructuring give rise to a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern.”

Group structure

1. ANGUS ENERGY PLC · parent
   1. Angus Energy Holdings UK Limited · Investment holding company
   2. Angus Energy Weald Basin No.1 Limited · Investment holding company
   3. Angus Energy Weald Basin No.2 Limited · Investment holding company
   4. Angus Energy Weald Basin No.3 Limited · Oil extraction for distribution to third parties
   5. Angus Energy North America Limited · Dormant company
   6. Saltfleetby Energy Limited · Natural Gas Extraction

Significant events

• “Subsequent to the reporting date, the Company has been progressing the refinancing and restructuring of its financing arrangements with Trafigura Group Pte Ltd ("Trafigura"), the counterparties to the Overriding Royalty Interest ("ORRI") attached to the Saltfleetby Gas Field, and Forum Energy Services Limited in respect of the deferred consideration relating to the acquisition of Saltfleetby Energy Limited. The Company has reached agreement in principle on the key commercial terms of the proposed restructuring and is currently working with the relevant parties and its advisers to finalise the definitive documentation required to implement these arrangements.”
• “On 9 March 2026, the Group entered into additional gas hedging arrangements covering production from April 2026 to June 2027. These hedges secure approximately 7.745 million therms at an average weighted price of approximately 101 pence per therm and were placed in accordance with the Group's financing arrangements and gas price risk management strategy.”

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

Filings

5

last 12 months

Capital events

3

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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