JADESTONE ENERGY HOLDINGS LIMITED
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Cash
£256k
USD 344,353
Latest balance sheet
Net assets
-£111m
USD -149,032,338
-17.7% vs 2024
Employees
2
+100% vs 2024
Profit before tax
-£23m
USD -31,518,933
-248.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£4,281,491 | -£20,945,278 | -389.2% | |
| Profit before tax | -£6,720,084 | -£23,390,674 | -248.1% | |
| Net profit | -£6,720,084 | -£23,390,674 | -248.1% | |
| Cash | — | £255,550 | — | |
| Total assets less current liabilities | -£38,467,214 | — | — | |
| Net assets | -£93,936,212 | -£110,599,138 | -17.7% | |
| Equity | -£93,936,212 | -£110,599,138 | -17.7% | |
| Average employees | 1 | 2 | +100% | |
| Wages | £320,619 | £1,362,459 | +324.9% | |
| Directors' remuneration | £131,692 | £1,327,380 | +907.9% |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 151.4% | 164.8% | |
| Current ratio | 0.72x | 0.60x | |
| Interest cover | -1.76x | -8.57x |
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
- Deloitte (NI) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company regularly monitors its funding and liquidity position and as at period end, the Company is in a net current liability position of US$137.2 million (2024: US$77.9 million). The ultimate holding company, Jadestone plc, will continue to provide financial support to enable the Company to meet in full its financial obligations when they fall due. The financial statements have been prepared on a going concern basis as the directors of the Company are satisfied that financial support from the ultimate holding company will be available when required.”
Group structure
- JADESTONE ENERGY HOLDINGS LIMITED · parent
- Jadestone Energy Services Sdn Bhd 100%
- Jadestone Energy UK Services Ltd 100%
- Jadestone Energy Pte Ltd 100%
- Jadestone Energy Inc 100%
- Jadestone Energy (PM) Inc 100%
- Jadestone Energy (CWLH) Pty Ltd 100%
- Jadestone Energy (Australia) Pty Ltd 100%
- Jadestone Energy (Australia Holding) Pty Ltd 100%
- Jadestone Energy (Eagle) Pty Ltd 100%
- Jadestone Energy (Lemang) Pte Ltd 100%
- Jadestone Energy Ltd 100%
- Jadestone Energy (Malaysia) Pte Ltd 100%
- Jadestone Energy (PHT GP) Limited 100%
- Jadestone Energy (Singapore) Pte Ltd 100%
- Jadestone Energy (Thailand) Pte Ltd 100%
- Mitra Energy (Vietnam Nam Du) Pte Ltd 100%
- Mitra Energy (Vietnam Tho Chu) Pte Ltd 100%
- PHT Partners LP 100%
Significant events
- “On 10 September 2025, the joint venture partner issued a withdrawal notice from PM329, effective 1 January 2026. As a result, in Jadestone Energy (PM) Inc, a direct subsidiary of the Company, assumed 10% participating interest in the PSC, while Jadestone Energy Malaysia Pte. Ltd., an indirect subsidiary of the Company assumed the remaining 90% participating interest and continued as the operator.”
- “On 16 February 2026, the Company incorporated a direct subsidiary company in Singapore with an issued share capital of 1,000 no-par value shares priced at US$0.10 per share. The primary activity of the subsidiary company is as a holding company engaged in non-financial and insurance activities.”
- “On 18 March 2026, in Mitra Energy (Vietnam Nam Du) Pte Ltd and Mitra Energy (Vietnam Tho Chu) Pte Ltd, indirect subsidiaries of the Company, received approval for the FDP of Nam Du /-U Minh gas fields in Vietnam. The approval represents a key milestone in progressing the development of the project.”
- “On 23 March 2026, Jadestone Energy (Australia) Pty Ltd, an indirect subsidiary of the Company, temporarily shuts down and demobilized the Stag offshore platform in advance of Cyclone Narelle, which escalated into a Category 5 storm. Upon-re-manning on 28 March 2026, storm-related damage was found to have affected the platform and its offloading facilities.”
- “On 26 March 2026, Jadestone successfully completed a US$200.0 million senior secured bond issue with a maturity in 2031 and a coupon of 12% p.a. under Jadestone Energy UK Services Ltd, a direct subsidiary of the Company.”
- “On 24 June 2026, Jadestone Energy Malaysia Pte. Ltd., an indirect subsidiary of the Company which holds a 60% participating interest in PM323, announced the first well in the 2026 Malaysia infill drilling campaign on the PM323 PSC has been successfully drilled and brought online at 3,000 bbls/d.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PRENDERGAST, Neil | Secretary | 2021-02-22 | — | — |
| CHAOUCH, Adel | Director | 2024-12-05 | Aug 1968 | American |
| FAIRCLOUGH, Andrew John | Director | 2024-10-29 | Oct 1969 | British |
| LITTLE, Thomas Mitchell | Director | 2025-06-23 | Jul 1963 | American |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLAKELEY, Alexander Paul | Director | 2021-02-22 | 2024-12-05 |
| DIJKSTRA, Bert-Jaap, Mr. | Director | 2022-08-22 | 2024-10-29 |
| HORN, Michael Jeremy Paul, Mr. | Director | 2021-05-31 | 2025-03-14 |
| THIEN, Jenifer Bit Leong | Director | 2024-12-05 | 2024-12-16 |
| WILLIAMS, Joanne | Director | 2024-12-05 | 2025-09-30 |
| YOUNG, Daniel Patrick | Director | 2021-02-22 | 2022-04-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jadestone Energy Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-02-22 | Active |
Filing timeline
Last 20 of 53 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-27 MA Memorandum articles
- 2026-05-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-06 | AA | accounts | Accounts with accounts type full | |
| 2026-05-27 | MA | incorporation | Memorandum articles | |
| 2026-05-27 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-06-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-28 | CH01 | officers | Change person director company with change date | |
| 2025-05-28 | CH01 | officers | Change person director company with change date | |
| 2025-03-14 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.