BP (GTA MAURITANIA) FINANCE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-07 (in 9mo)
Last made up 2026-01-24
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£140M
USD -187,315,000
-2.9% vs 2023
Employees
0
Average over period
Profit before tax
-£4M
USD -5,282,000
+89.9% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£28,300,815 | £9,144,053 | |
| Profit before tax | -£38,999,776 | -£3,948,568 | |
| Net profit | -£38,999,776 | -£3,948,568 | |
| Cash | — | — | |
| Total assets less current liabilities | £58,340,435 | £95,735,217 | |
| Net assets | -£136,079,091 | -£140,027,659 | |
| Equity | -£136,079,091 | -£140,027,659 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £0 | £0 |
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
—
Not reported
-
Cash
—
Not reported
-
Net assets
-2.9%
-£136,079,091 -£140,027,659
-
Employees
—
Not reported
-
Operating profit
+132.3%
-£28,300,815 £9,144,053
-
Profit before tax
+89.9%
-£38,999,776 -£3,948,568
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 |
|---|---|---|---|
| Return on capital employed | -48.5% | 9.6% | |
| Gearing (liabilities / total assets) | 246.6% | 220.8% | |
| Current ratio | 0.00x | — | |
| Interest cover | -2.65x | 0.70x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. The current economic and geopolitical environment were considered as part of the going concern assessment. [...] Having a reasonable expectation that the company has adequate resources to continue in operational existence for at least the next 12 months from the date these financial statements were approved, the directors consider it appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “Impairment trigger on GTA Unit and negative NPV in 1Q25 following full impairment of NBV in 4Q24. Expected loss factor at 31 March 2025 maintained at 50%. Reduction in future expenditure forecast reduces loan commitment. Net operating profit of $21M related to post-balance sheet events to be included in 2025 financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BP SECRETARIES LIMITED | Corporate Secretary | 2026-02-06 | — | — |
| SUNBURY SECRETARIES LIMITED | Corporate Secretary | 2019-01-25 | — | — |
| CAMPBELL, David | Director | 2024-03-01 | Jan 1968 | British |
| RAHMANOV, Rahman Nariman Oglu | Director | 2020-12-01 | Oct 1979 | Azerbaijani |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHRISTIE, Norman Constantine | Director | 2020-01-01 | 2020-12-01 |
| DELANEY-MC KNIGHT, Emma Louise | Director | 2019-01-25 | 2020-01-17 |
| DEMBITSKA, Oksana Victorivna | Director | 2022-12-08 | 2024-07-05 |
| DEMBITSKA, Oksana Victorivna | Director | 2020-08-01 | 2022-08-05 |
| EVANS, Ian Jonathan, Dr | Director | 2019-11-01 | 2020-05-20 |
| ISMAYILOV, Emil Isa Oglu | Director | 2020-12-01 | 2024-03-01 |
| LANE, Andrew Charles | Director | 2019-01-25 | 2020-08-01 |
| SMITH, Russell Irving | Director | 2019-01-25 | 2020-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bp Exploration Operating Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-25 | Active |
Filing timeline
Last 20 of 34 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-06 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-01-12 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-01-08 | CH01 | officers | Change person director company with change date | |
| 2025-07-14 | AA | accounts | Accounts with accounts type full | |
| 2025-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-15 | AA | accounts | Accounts with accounts type full | |
| 2023-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-13 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-08 | CH04 | officers | Change corporate secretary company with change date | |
| 2022-07-06 | AA | accounts | Accounts with accounts type full | |
| 2022-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | AA | accounts | Accounts with accounts type full | |
| 2021-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.