PELAGIC ENERGY DEVELOPMENT LTD
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Cash
£1.3m
+5.1% vs 2024
Net assets
£34m
+598.8% highest in 3 filed years
Employees
4
0% vs 2024
Profit before tax
—
Period ending 2025-12-31
Net assets
3-year trend · vs Utilities 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 | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | — | — | |
| Net profit | -£4,020,894 | -£3,370,691 | £40,817,232 | +1,310.9% | |
| Cash | £1,796,520 | £1,223,548 | £1,285,507 | +5.1% | |
| Total assets less current liabilities | -£3,445,487 | -£6,816,178 | £34,001,054 | +598.8% | |
| Net assets | -£3,445,487 | -£6,816,178 | £34,001,054 | +598.8% | |
| Equity | -£3,445,487 | -£6,816,178 | £34,001,054 | +598.8% | |
| Average employees | 4 | 4 | 4 | 0% | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — 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 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 103.6% | 103.1% | 87.3% | |
| Current ratio | 0.11x | 0.06x | 0.21x |
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
- PELAGIC ENERGY DEVELOPMENT LTD 2020-12-04 → present
- HARBOUR ENERGY DEVELOPMENT LIMITED 2018-10-08 → 2020-12-04
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting...”
Group structure
- PELAGIC ENERGY DEVELOPMENT LTD · parent
- HB6333MIL Ltd 100%
- HB825AXM Ltd 100%
- HD000ACT Ltd 100%
- HD144WHI Ltd 100%
- HD192RAY Ltd 100%
- HD381GRE Ltd 100%
- HD639LEG Limited 100%
- HD888CAP Limited 100%
- PD192RET Ltd 100%
- PD100BOR Ltd 100%
- PD503SOU Ltd 100%
- PD151HEA Ltd 100%
- PD600GRO Ltd 100%
- PD300RON Ltd 100%
- PD503HAN Ltd 100%
- PD412WAR Ltd 100%
Significant events
- “During the year the Group disposed of its entire interests in nine wholly-owned subsidiaries. These comprised HD143OCK Ltd on 4 June 2025, HD777FRY Ltd on 11 November 2025 and seven further subsidiaries on 14 December 2025. The disposals resulted in an aggregate profit of £45,111,930...”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AKERS-DOUGLAS, Dominic Lovett | Director | 2018-10-08 | Jul 1979 | British |
| MANNERS-SPENCER, Guy Thomas | Director | 2018-11-22 | Apr 1972 | British |
| PECK, Graham | Director | 2021-10-11 | Apr 1986 | British |
| WOOD, James William Denton | Director | 2018-10-08 | Dec 1973 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PRESCOT, Nigel Kenrick Grosvenor | Director | 2018-10-12 | 2021-10-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pelagic Energy Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-10-08 | Active |
| Constantine Energy Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-10-08 | Active |
Filing timeline
Last 20 of 60 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-26 | CH01 | officers | Change person director company with change date | |
| 2026-04-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-15 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-12-15 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-12-15 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-12-15 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-12-15 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-12-15 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-12-15 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-08-15 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-08-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- 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.