NEO ENERGY PRODUCTION UK LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

• Turnover

  -1.2%

  £90,925,469 → £89,810,869

• Cash

  +92.5%

  £139,045 → £267,624

• Net assets

  +113.5%

  -£85,532,631 → £11,520,520

• Employees

  —

  Not reported

• Operating profit

  +127.6%

  -£104,223,667 → £28,813,635

• Profit before tax

  +141%

  -£103,932,870 → £42,653,809

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

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.

1. NEO ENERGY PRODUCTION UK LIMITED 2020-10-22 → present
2. PETROGAS NEO UK LTD 2019-07-05 → 2020-10-22

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue”

Significant events

• “First oil from the Affleck redevelopment was achieved in January 2025.”
• “On 27 March 2025, NEO Energy Group Limited (the immediate parent company of the Company) announced that it would combine with Repsol S A 's UK North Sea upstream business in a share for share transaction. On completion, NEO will be owned 55% by funds managed by HitecVision and 45% by Repsol S A. Completion of the transaction is subject to customary regulatory approvals and is expected in Q3 of 2025.”
• “On 3 March 2025, the Energy Profit Levy (EPL) extensions were substantially enacted after a third reading of the Finance Bill in Parliament.”
• “On 29th April 2025, 100% beneficial interest in the Finlaggan asset was transferred to NEO Energy Production UK Limited from NEO Energy Petroleum Limited.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

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