MURZUQ OIL SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-25 (this month)
Last made up 2025-05-11
Watchouts
None on the register
Cash
£40M
+154.7% highest in 3 filed years
Net assets
£20M
+42.3% highest in 4 filed years
Employees
45
+28.6% highest in 4 filed years
Profit before tax
£6M
+410.1% vs 2023
Net assets
4-year trend · vs Energy median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £21,528,285 | £44,088,307 | |
| Operating profit | — | — | £1,390,616 | £6,374,756 | |
| Profit before tax | — | — | £1,219,893 | £6,222,355 | |
| Net profit | — | -£326,127 | £1,166,008 | £5,699,088 | |
| Cash | — | £29,039,210 | £15,758,989 | £40,141,344 | |
| Total assets less current liabilities | £81,390 | — | £16,408,353 | £21,283,305 | |
| Net assets | £262,437 | -£1,734,818 | £13,898,191 | £19,773,866 | |
| Equity | £262,437 | — | £13,898,191 | £19,773,866 | |
| Average employees | 5 | 26 | 35 | 45 | |
| Wages | — | — | £4,389,398 | £6,099,023 | |
| Directors' remuneration | — | — | £716,378 | £498,369 |
Values shown as filed in the company's annual accounts. — 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
+104.8%
£21,528,285 £44,088,307
-
Cash
+154.7%
£15,758,989 £40,141,344
highest in 3 filed years
-
Net assets
+42.3%
£13,898,191 £19,773,866
highest in 4 filed years
-
Employees
+28.6%
35 45
highest in 4 filed years
-
Operating profit
+358.4%
£1,390,616 £6,374,756
-
Profit before tax
+410.1%
£1,219,893 £6,222,355
-
Wages
+38.9%
£4,389,398 £6,099,023
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 | 2020-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 6.5% | 14.5% | |
| Net margin | — | — | 5.4% | 12.9% | |
| Return on capital employed | — | — | 8.5% | 30.0% | |
| Gearing (liabilities / total assets) | — | — | 50.3% | 77.1% | |
| Current ratio | — | — | 2.36x | 1.32x | |
| Interest cover | — | — | 8.11x | 40.90x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group continues to make strong gains in the Libyan oil and gas industry and is closely aligned with the priorities of the LNOC. It is recognised as a strategic partner for consultancy engineering services and its training academy.”
Group structure
- MURZUQ OIL SERVICES LIMITED · parent
- Murzuq Technical Support Limited SUARL 100%
- Penta Energies B.V. 100%
Significant events
- “The financial year of 2024 has been another positive one for the Group, marked by further growth in turnover and investment in its business.”
- “A new subsidiary, Penta Energies B.V., was established in the Netherlands, whose primary mission is to develop oil and gas assets on behalf of the Group's clients in Libya.”
- “In March 2025, the LNOC engaged in its first 'Oil Exploration' bidding round for over 17 years, resulting in multiple MOUs being signed with major IOCs for onshore and offshore asset development.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABDALLA, Ahmed Abdalla Ammar, Mr. | Director | 2024-07-25 | Jan 1959 | Libyan |
| ABOBAKIR, Ahmed Tayyip Abdelrazek | Director | 2025-04-30 | Feb 1962 | Libyan |
| ALBAKBAK, Wajdi Ahmed Ali, Mr. | Director | 2024-07-25 | Jan 1983 | Libyan |
| NASR, Fatima Ali Almabrouk | Director | 2025-04-30 | Jan 1969 | Libyan |
| SUWANI, Naima Mohamed Farg, Mrs. | Director | 2024-07-25 | Dec 1963 | Libyan |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABDULSADEK, Khalifa Rajab Mohammed, Dr | Director | 2021-07-29 | 2024-07-25 |
| BEN RAJAB, Imad Abdalatif Salem | Director | 2020-05-12 | 2024-07-25 |
| EL ZANATI, Khaled Mohamed Imhimmad Barkah, Dr. | Director | 2024-07-25 | 2025-04-30 |
| ELDARISI, Magdi Gabriel Amsaad | Director | 2021-10-03 | 2024-07-25 |
| ELGHUMARI, Ibrahim Abduljalil Elghumari | Director | 2020-05-12 | 2025-04-30 |
| FARG, Saleh Mohammed Mansour, Mr. | Director | 2024-07-25 | 2025-12-01 |
| KHALFALLA, Khalfalla Muftah Ebrahim | Director | 2020-05-12 | 2024-07-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Government Of National Unity Of The State Of Libya | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-05-12 | Active |
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-18 | AA | accounts | Accounts with accounts type group | |
| 2025-12-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-04 | ANNOTATION | miscellaneous | Legacy | |
| 2025-02-20 | CH01 | officers | Change person director company with change date | |
| 2025-01-14 | AA | accounts | Accounts with accounts type group | |
| 2024-11-08 | AA | accounts | Accounts with accounts type small | |
| 2024-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.