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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-02-14

Overdue

Watchouts

1 item

Cash

£2M

USD 2,723,961

+244% vs 2023

Net assets

£26M

USD 34,910,520

+0.2% vs 2023

Employees

10

0% vs 2023

Profit before tax

-£155K

USD -207,300

+92.4% vs 2023

Watchouts

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

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £1,368,440£1,925,333
Operating profit -£410,688£420,490
Profit before tax -£2,035,321-£154,967
Net profit -£2,035,321£39,922
Cash £591,904£2,036,302
Total assets less current liabilities £26,057,499£26,097,421
Net assets £26,057,499£26,097,421
Equity £26,057,499£26,097,421
Average employees 1010
Wages £108,990£123,686
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

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 2023-12-312024-12-31
Operating margin -30.0%21.8%
Net margin -148.7%2.1%
Return on capital employed -1.6%1.6%
Gearing (liabilities / total assets) 27.6%22.5%
Current ratio 0.94x1.13x
Interest cover -0.25x0.73x

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
IFRS
Reporting scope
Standalone (parent only)
Abridged
Yes — abridged accounts (limited disclosure)
Auditor
BDO LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors consider the going concern basis appropriate for preparing the financial statements, supported by a robust cash position, a positive cash flow forecast, and ongoing financial backing from shareholders, Azule Energy Angola Production B.V. and Sonangol E.P., which ensures the Company's ability to settle its current and future obligations as they become due.”

Significant events

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

People

7 active · 9 resigned

Name Role Appointed Born Nationality
MEREDITH, Darren Secretary 2024-07-24
ANTONIO, Carlos Alberto Vicente Director 2021-04-20 Aug 1965 Angolan
CORREIA, Maria Amelia De Sousa Santos Director 2021-04-20 Mar 1968 Angolan
FERREIRA, Ana Solange Pinto Director 2023-10-09 Jan 1981 Angolan
OLIVEIRA, Jaime Luzolo De Director 2022-07-29 Nov 1977 Angolan
PACIENCIA, Claudio Ambriz Director 2023-10-09 Aug 1980 Angolan
SACAVUMBI, Germano Miguel Director 2019-10-21 Feb 1971 Angolan
Show 9 resigned officers
Name Role Appointed Resigned
D'ABREO, Riordan Secretary 2020-11-27 2023-09-08
HEMMENS, Philip Duncan Secretary 2023-09-08 2024-07-24
TREZZA, Mila Secretary 2019-10-21 2020-10-30
BACCHINI, Matteo Director 2021-09-28 2022-07-29
BAIONA, Paulino Maria Goncalves Director 2019-10-21 2021-04-20
MANTELLASSI, Stefano Director 2019-10-21 2021-09-28
NETO, Antonio Pele' Cardoso Da Silva Director 2019-10-21 2021-04-20
STALLARD, Rosalyn Director 2019-10-21 2023-10-09
TRAVAGLINI, Paolo Director 2019-10-21 2023-10-09

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Azule Energy Holdings Limited Corporate entity Shares 25–50%, Voting 25–50% 2023-03-06 Active
Eni S.P.A. Corporate entity Shares 25–50%, Voting 25–50% 2019-10-21 Ceased 2023-03-06
Sonangol E.P. Legal person Shares 25–50%, Voting 25–50% 2019-10-21 Active

Filing timeline

Last 20 of 36 total filings

Date Type Category Description
2025-10-08 AA accounts Accounts with accounts type full
2025-03-03 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-03-03 AA accounts Accounts with accounts type full
2024-07-30 TM02 officers Termination secretary company with name termination date PDF
2024-07-30 AP03 officers Appoint person secretary company with name date PDF
2024-03-18 AD01 address Change registered office address company with date old address new address PDF
2024-03-07 CS01 confirmation-statement Confirmation statement with updates PDF
2024-01-14 AA accounts Accounts with accounts type full
2024-01-05 PSC05 persons-with-significant-control Change to a person with significant control PDF
2023-10-17 AP01 officers Appoint person director company with name date PDF
2023-10-17 AP01 officers Appoint person director company with name date PDF
2023-10-13 TM01 officers Termination director company with name termination date PDF
2023-10-13 TM01 officers Termination director company with name termination date PDF
2023-09-12 TM02 officers Termination secretary company with name termination date PDF
2023-09-12 AP03 officers Appoint person secretary company with name date PDF
2023-04-25 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2023-04-25 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2023-02-09 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-12-15 AA accounts Accounts with accounts type full
2022-08-02 AP01 officers Appoint person director company with name date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
1

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