PING PETROLEUM UK PLC
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Cash
£11m
USD 14,630,000
+53.5% vs 2024
Net assets
£90m
USD 121,320,000
-19.8% lowest in 3 filed years
Employees
7
-12.5% lowest in 3 filed years
Profit before tax
-£20m
USD -27,459,000
-648.7% lowest in 3 filed years
Net assets
3-year trend · vs Industrials 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 | £86,745,448 | £40,920,847 | £28,843,553 | -29.5% | |
| Operating profit | £60,439,985 | £8,399,108 | -£19,716,091 | -334.7% | |
| Profit before tax | £35,846,154 | £3,719,064 | -£20,408,027 | -648.7% | |
| Net profit | -£1,814,939 | £10,198,439 | -£22,320,327 | -318.9% | |
| Cash | £18,190,264 | £7,084,355 | £10,873,281 | +53.5% | |
| Total assets less current liabilities | £272,898,551 | £268,891,119 | £241,656,633 | -10.1% | |
| Net assets | £102,289,112 | £112,487,551 | £90,167,224 | -19.8% | |
| Equity | £102,289,112 | £112,487,551 | £90,167,224 | -19.8% | |
| Average employees | 9 | 8 | 7 | -12.5% | |
| Wages | £1,528,800 | £787,811 | £889,632 | +12.9% | |
| Directors' remuneration | £48,309 | £20,067 | — | — |
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 |
|---|---|---|---|---|
| Operating margin | 69.7% | 20.5% | -68.4% | |
| Net margin | -2.1% | 24.9% | -77.4% | |
| Return on capital employed | 22.1% | 3.1% | -8.2% | |
| Gearing (liabilities / total assets) | 69.6% | 64.0% | 69.6% | |
| Current ratio | 0.75x | 0.49x | 0.37x | |
| Interest cover | 5.27x | 1.62x | -4.11x |
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.
Name history
Renamed 1 time since incorporation
- PING PETROLEUM UK PLC 2022-01-12 → present
- PING PETROLEUM UK LIMITED 2015-07-22 → 2022-01-12
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are of the view that the Company will have continued financial support from its ultimate parent company and sufficient cash flows for the next twelve months from the reporting date to meet their cash flow requirements. On that basis, the Directors have prepared the financial statements of the Company on a going concern basis.”
Group structure
- PING PETROLEUM UK PLC · parent
- Ping Petroleum Sdn. Bhd. 100%
- Anasuria Operating Company Limited 50%
Significant events
- “This provision was reversed in 2025 because the matter being permanently closed with the relevant parties, and AOC subsequently reversed its provision.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GNASAMOOTHY, Mahendran | Secretary | 2026-03-06 | — | — |
| BIN YUSOF AZUDDIN, Tarmizi | Director | 2024-11-22 | Apr 1982 | Malaysian |
| FISHER, Robert | Director | 2022-10-01 | Feb 1954 | British |
| LAVIN, Darragh | Director | 2026-04-10 | Jan 1979 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALTENSPERGER, Paul | Secretary | 2022-10-01 | 2024-11-22 |
| SHINNIE, Christine Ross Leadbetter | Secretary | 2024-11-22 | 2026-03-06 |
| SMITH, Carl Kevin | Secretary | 2022-01-12 | 2022-10-01 |
| ABIDIN BIN ABD JALIL, Zainal | Director | 2021-12-20 | 2024-11-22 |
| BALTENSPERGER, Paul A | Director | 2016-10-18 | 2024-11-22 |
| BIN OTHMAN, Azhar | Director | 2022-10-01 | 2025-05-30 |
| PHILLIPS, David Roy | Director | 2016-10-18 | 2021-09-07 |
| SMITH, Carl Kevin | Director | 2021-09-07 | 2022-10-01 |
| ZHANG, Ning | Director | 2015-07-22 | 2021-12-20 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-07-10 | AA | accounts | Accounts with accounts type full | |
| 2026-05-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-02 | AA | accounts | Accounts with accounts type full | |
| 2025-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-22 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-07 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.