NEO NEXT+ ENERGY NATURAL RESOURCES LIMITED
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Cash
£44K
USD 59,000
-76.6% vs 2023
Net assets
£204M
USD 271,513,000
+19.1% vs 2023
Employees
0
Average over period
Profit before tax
£21M
USD 27,453,000
+44.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £390,138 | £259,340 | -33.5% | |
| Operating profit | £2,290,461 | -£15,902,428 | -794.3% | |
| Profit before tax | £14,270,465 | £20,636,698 | +44.6% | |
| Net profit | £9,750,432 | £32,660,302 | +235% | |
| Cash | £189,431 | £44,351 | -76.6% | |
| Total assets less current liabilities | £957,636,623 | £238,689,018 | -75.1% | |
| Net assets | £171,438,773 | £204,099,075 | +19.1% | |
| Equity | £171,438,773 | £204,099,075 | +19.1% | |
| Average employees | 0 | 0 | — | |
| Wages | £0 | £0 | — | |
| Directors' remuneration | £0 | £0 | — |
Figures converted to GBP from USD at 0.752 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 —. 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 | 0.2% | -6.7% | |
| Gearing (liabilities / total assets) | 89.1% | 60.1% | |
| Current ratio | 0.56x | 0.05x | |
| Interest cover | 0.10x | -3.10x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- NEO NEXT+ ENERGY NATURAL RESOURCES LIMITED 2026-03-30 → present
- NEO ENERGY NATURAL RESOURCES LIMITED 2021-12-09 → 2026-03-30
- EXXONMOBIL CNNS LIMITED 2020-11-15 → 2021-12-09
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis. The directors have no reason to believe that material uncertainty exists that may cast doubt about the Company's ability to continue as a going concern or its ability to continue with the current and planned banking arrangements. The directors consider it appropriate to adopt the going concern basis of accounting.”
Significant events
- “On 01 March 2024, NEO Energy Natural Resources interest in the Penguins asset was transferred within the Group to NEO Energy Petroleum Limited. The Company no longer holds any development or production assets.”
- “On 6 March 2024, the UK government announced that Energy Profit Levy (EPL) would be extended for a further 12 months to 31 March 2029 from the former end date of 31 March 2028.”
- “On 3 March 2025, the Energy Profit Levy (EPL) extensions were substantially enacted after a third reading of the Finance Bill in Parliament.”
- “On 27 March 2025, NEO 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 Hitec Vision and 45% by Repsol S.A.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCINTOSH, Andrew Graham | Secretary | 2025-07-29 | — | — |
| BURNESS PAULL LLP | Corporate Secretary | 2021-12-08 | — | — |
| GAIR, Robert Huw | Director | 2023-01-20 | Oct 1980 | British |
| MCINTOSH, Andrew Graham | Director | 2021-12-08 | Jul 1973 | British |
| PAYER, Nicolas Bertrand | Director | 2026-03-30 | Sep 1965 | French |
| RIGARDO, Ferdinando | Director | 2025-07-29 | Feb 1965 | Italian |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARNESS, Fiona Henderson | Secretary | 2020-11-15 | 2021-12-08 |
| MCINTOSH, Andrew Graham | Secretary | 2021-12-08 | 2024-09-02 |
| PRESLY, Victoria Katie | Secretary | 2024-09-02 | 2025-07-29 |
| ADAMS, Robert Stephen | Director | 2021-12-08 | 2023-01-20 |
| ALTON, Russell Alexander | Director | 2021-12-08 | 2023-01-20 |
| BAGLEY, Donald Shepherd | Director | 2020-11-15 | 2021-04-01 |
| COOPER, Robert Michael | Director | 2020-11-15 | 2021-02-01 |
| GREENWOOD, Paul Alexander | Director | 2021-02-01 | 2021-12-08 |
| HARKER, Nicholas James | Director | 2021-04-01 | 2021-06-11 |
| HARRIS, Paul | Director | 2021-12-08 | 2024-10-11 |
| JACKSON, Justin Edward | Director | 2021-06-11 | 2021-12-08 |
| JOHNSON, Andrew Mark | Director | 2020-11-15 | 2021-12-08 |
| MANZI, Catriona Evelyn | Director | 2024-09-02 | 2025-07-29 |
| MCKENZIE, Craig | Director | 2024-10-22 | 2025-07-29 |
| ROWE, Martin James | Director | 2021-12-08 | 2024-10-11 |
| SHEIKH, Adam Alum | Director | 2025-07-29 | 2026-03-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Neo Energy Upstream Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-08 | Active |
| Esso Exploration And Production Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-15 | Ceased 2021-12-08 |
Filing timeline
Last 20 of 68 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-30 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-30 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | CH01 | officers | Change person director company with change date | |
| 2025-08-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-08-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-09-04 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 4
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.