CIECO WEST QURNA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-01 (in 9mo)
Last made up 2026-01-18
Watchouts
None on the register
Cash
£2M
USD 2,393,000
-12.6% vs 2023
Net assets
£405M
USD 541,257,000
-0.1% vs 2023
Employees
5
0% vs 2023
Profit before tax
-£381K
USD -510,000
+11.8% vs 2023
Profit before tax
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,675,264 | £1,609,479 | |
| Operating profit | -£531,509 | -£497,869 | |
| Profit before tax | -£432,085 | -£381,251 | |
| Net profit | -£387,232 | -£290,798 | |
| Cash | £2,047,544 | £1,788,891 | |
| Total assets less current liabilities | £404,908,425 | £404,617,627 | |
| Net assets | — | — | |
| Equity | £404,908,425 | £404,617,627 | |
| Average employees | 5 | 5 | |
| Wages | £625,701 | £613,740 | |
| Directors' remuneration | £130,074 | £188,383 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-3.9%
£1,675,264 £1,609,479
-
Cash
-12.6%
£2,047,544 £1,788,891
-
Net assets
—
Not reported
-
Employees
0%
5 5
-
Operating profit
+6.3%
-£531,509 -£497,869
-
Profit before tax
+11.8%
-£432,085 -£381,251
-
Wages
-1.9%
£625,701 £613,740
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -31.7% | -30.9% | |
| Net margin | -23.1% | -18.1% | |
| Return on capital employed | -0.1% | -0.1% | |
| Current ratio | -6.16x | -5.85x | |
| Interest cover | -19.22x | -47.57x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is funded through equity from its parent company. The directors have considered forecasts and projections, including the positive cash balance of the company, as well as a strong positive net current asset position, which indicate that the Company will be able to continue to operate and meet its obligations as they fall due throughout the going concern period of at least 12 months from the date of signing of the financial statements.”
Group structure
- CIECO WEST QURNA LIMITED · parent
- ITOCHU Oil Exploration (Iraq) B.V. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GUPTA, Amit | Director | 2021-07-08 | Jun 1974 | British |
| OTA, Tomoyuki | Director | 2025-04-23 | Sep 1975 | Japanese |
| SAKAMOTO, Junichi | Director | 2025-04-01 | Jun 1977 | Japanese |
| TAKEMAE, Yoshitaka | Director | 2026-04-01 | Mar 1981 | Japanese |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AOKI, Hiroshi | Director | 2018-04-01 | 2025-03-31 |
| ASAI, Tomoaki | Director | 2021-07-08 | 2022-04-11 |
| FAN, Haibo | Director | 2024-04-23 | 2025-07-01 |
| HIRAGA, Takumi | Director | 2020-08-12 | 2021-07-08 |
| HIROKAWA, Shoji | Director | 2017-01-27 | 2017-04-01 |
| HORIE, Akiyuki | Director | 2022-04-11 | 2025-03-31 |
| IMAMURA, Hisamichi | Director | 2017-04-01 | 2020-02-28 |
| ISHIBASHI, Suo | Director | 2018-11-08 | 2021-07-08 |
| MORI, Toshiyuki | Director | 2017-01-27 | 2018-03-31 |
| OGURA, Toru | Director | 2017-01-27 | 2017-11-14 |
| OTA, Tomoyuki | Director | 2017-11-14 | 2018-11-08 |
| TANABE, Akio | Director | 2023-04-11 | 2024-04-23 |
| TANAKA, Atsuyoshi | Director | 2021-07-08 | 2023-04-11 |
| YAMADA, Tetsuya | Director | 2017-01-27 | 2021-07-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Itochu Corporation | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2017-01-27 | Active |
Filing timeline
Last 20 of 54 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-14 | AA | accounts | Accounts with accounts type full | |
| 2025-04-23 | CH01 | officers | Change person director company with change date | |
| 2025-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-14 | AA | accounts | Accounts with accounts type full | |
| 2024-06-04 | CH01 | officers | Change person director company with change date | |
| 2024-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-11 | AA | accounts | Accounts with accounts type full | |
| 2023-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-18 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.