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Cash

£176

USD 237

Latest balance sheet

Net assets

-£9.1k

USD -12,251

Equity attributable

Employees

Average over period

Profit before tax

-£2.1k

USD -2,848

Period ending 2025-12-31

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2025-12-31 Δ vs prior
Turnover
Operating profit -£1,555
Profit before tax -£2,114
Net profit -£2,114
Cash £176
Total assets less current liabilities -£9,092
Net assets -£9,092
Equity
Average employees
Wages
Directors' remuneration

Figures converted to GBP from USD at 0.742 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 . Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2025-12-31
Gearing (liabilities / total assets) 803.7%

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
Crowe U.K. LLP
Audit opinion
Unqualified (clean)
Going concern
Not a going concern (break-up basis)

“Following the termination of the held licences in October 2025 the Company intends to terminate the associated Joint Ventures with the support of the partners and subsequently liquidate the Company. This process is expected to complete within 12 months of the date of the financial statements. The financial statements have not been prepared on a going concern basis and the assets and liabilities of the company have been recognised on a realisation basis.”

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

People

4 active · 5 resigned

Name Role Appointed Born Nationality
HOLLAND, Adam Farquhar Secretary 2019-05-17
BEAGLEY, Timothy Edwards Director 2025-08-18 Oct 1983 South African
HOLLAND, Adam Farquhar Director 2019-05-17 Mar 1981 British
WALSH, Michael Francis Director 2020-11-23 Mar 1967 British
Show 5 resigned officers
Name Role Appointed Resigned
MCDADE, Paul Director 2019-05-17 2019-12-13
MILLER, Richard David Director 2019-05-17 2023-12-31
PATEL, Rachana Director 2023-12-31 2025-08-15
ROWLAND-CLARK, Rupert Richmond Director 2019-05-17 2020-09-09
WOOD, George Leslie Director 2019-05-17 2022-03-31

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Tullow Oil Plc Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2019-05-17 Active

Filing timeline

Last 20 of 34 total filings

Date Type Category Description
2026-09-10 AA accounts Accounts with accounts type full
2026-02-26 AA accounts Accounts with accounts type small
2025-11-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-08-19 AP01 officers Appoint person director company with name date PDF
2025-08-15 TM01 officers Termination director company with name termination date PDF
2024-11-12 CS01 confirmation-statement Confirmation statement with updates PDF
2024-11-12 CH01 officers Change person director company with change date PDF
2024-07-04 AA accounts Accounts with accounts type small
2024-02-20 CH01 officers Change person director company with change date PDF
2024-01-09 AP01 officers Appoint person director company with name date PDF
2024-01-09 TM01 officers Termination director company with name termination date PDF
2023-12-04 SH01 capital Capital allotment shares PDF
2023-11-28 CS01 confirmation-statement Confirmation statement with updates PDF
2023-07-26 AA accounts Accounts with accounts type full
2022-12-14 SH01 capital Capital allotment shares PDF
2022-12-01 CS01 confirmation-statement Confirmation statement with updates PDF
2022-11-17 AA accounts Accounts with accounts type full
2022-04-22 AA accounts Accounts with accounts type full
2022-04-04 TM01 officers Termination director company with name termination date PDF
2022-03-23 DISS40 gazette Gazette filings brought up to date

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

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

Official Companies House page