PREMIER OIL UK LIMITED
Operating as a subsidiary of Harbour Energy, the business focuses on upstream crude oil and natural gas exploration and production.
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Cash
£10m
USD 14,021,000
-10.6% vs 2024
Net assets
-£2.6bn
USD -3,500,755,000
+1.4% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£263m
USD 354,262,000
-29.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Negative shareholders' funds
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,329,944,305 | £1,444,661,732 | £1,029,372,913 | -28.7% | |
| Operating profit | £1,063,841,387 | £416,747,055 | £437,111,688 | +4.9% | |
| Profit before tax | £914,960,778 | £375,060,490 | £262,903,154 | -29.9% | |
| Net profit | £127,399,592 | £12,962,432 | -£141,663,080 | -1,192.9% | |
| Cash | £5,684,029 | £11,640,401 | £10,405,195 | -10.6% | |
| Total assets less current liabilities | £1,270,742,077 | £1,275,579,433 | £956,592,208 | -25% | |
| Net assets | -£2,609,154,377 | -£2,634,403,056 | -£2,597,962,894 | +1.4% | |
| Equity | -£2,609,154,377 | -£2,634,403,056 | -£2,597,962,894 | +1.4% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 80.0% | 28.8% | 42.5% | |
| Net margin | 9.6% | 0.9% | -13.8% | |
| Return on capital employed | 83.7% | 32.7% | 45.7% | |
| Gearing (liabilities / total assets) | 145.2% | 147.4% | 145.6% | |
| Current ratio | 0.06x | 0.07x | 0.25x | |
| Interest cover | 6.94x | 5.11x | 2.36x |
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.
Name history
Renamed 2 times since incorporation
- PREMIER OIL UK LIMITED 2009-05-08 → present
- PREMIER PICT PETROLEUM LIMITED 1995-07-10 → 2009-05-08
- PICT PETROLEUM PLC 1971-05-14 → 1995-07-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have adopted the going concern basis of accounting for the preparation of the financial statements as the Company's ultimate parent company, Harbour Energy plc, has undertaken to directly provide the necessary financial support to the Company, as and when required, to meet all liabilities for a period of 12 months from the date of signing these financial statements.”
Group structure
- PREMIER OIL UK LIMITED · parent
- Premier Oil Exploration Limited 100%
- Premier Oil Aberdeen Services Limited 100%
Significant events
- “On 22 April 2026, the Company's share capital was reduced by cancelling 52,568,630 of the issued ordinary shares in the capital of the Company and by cancelling the Company's entire share premium account.”
- “On 24 April 2026, the Company entered into a deed of release with Harbour Energy Plc which set out the terms on which Harbour Energy Plc agreed to release and discharge the Company from its obligation to pay or otherwise settle a liability of $1.45 billion.”
- “On 24 April 2026, the Company entered into a deed of release with Chrysaor Limited which set out the terms on which Chrysaor Limited agreed to release and discharge the Company from its obligation to pay or otherwise settle a liability of $800.0 million.”
- “In April 2026, the Company entered into an agreement with Chrysaor Production (U.K.) Limited and Premier Oil E&P UK Limited to transfer certain non-operated asset interests to these companies.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 49 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARBOUR ENERGY SECRETARIES LIMITED | Corporate Secretary | 2022-05-31 | — | — |
| BARR, Scott | Director | 2024-12-12 | Jul 1976 | British |
| LANDES, Howard Ralph | Director | 2021-04-15 | Dec 1975 | British |
| SCOTT, Russell | Director | 2024-12-12 | Sep 1973 | British |
Show 49 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORSBY, Gillian | Secretary | 1995-05-22 | 1996-08-30 |
| GARRATT, Heather Diane | Secretary | 2006-07-12 | 2010-07-14 |
| HARLOW, Humphrey Robert | Secretary | 1990-03-15 | 1995-05-22 |
| HUDDLE, Stephen Charles | Secretary | 2006-03-29 | 2006-07-12 |
| KAWAN, Heather | Secretary | 2011-09-12 | 2014-01-31 |
| PARSONS, Lisa Julia | Secretary | 1999-06-18 | 2006-03-29 |
| RICKARD, Rachel Abigail | Secretary | 2014-01-31 | 2017-01-18 |
| ROSE, Daniel Alexander | Secretary | 2018-11-01 | 2022-05-31 |
| SHEPHERD, Nicholas Keith | Secretary | 1996-08-30 | 1999-06-18 |
| VICKERS, Julie Alison | Secretary | 2017-01-18 | 2018-11-01 |
| VICKERS, Julie | Secretary | 2010-07-14 | 2011-09-12 |
| NOBLE GROSSART LIMITED | Corporate Secretary | — | 1990-03-15 |
| ALLAN, Robert Andrew | Director | 2012-10-15 | 2020-06-25 |
| ALLAN, Robert Andrew | Director | 2003-08-01 | 2010-07-16 |
| BOOT, Jon Hendrik | Director | 2009-11-20 | 2012-12-01 |
| BROWN, Ewan | Director | — | 1995-02-13 |
| CHALONER, Christopher Benjamin | Director | 1992-09-16 | 1995-02-15 |
| DINSMORE-WILSON, Angela | Director | 2012-12-01 | 2015-04-26 |
| DURRANT, Anthony Richard Charles | Director | 2005-06-30 | 2020-12-16 |
| EVERETT, Peter | Director | 1990-07-06 | 1995-02-13 |
| FORSYTH, Julie Elizabeth | Director | 2015-05-20 | 2020-02-14 |
| FREEBORN, Edward | Director | 1997-06-30 | 1999-03-24 |
| GIBB, Andrew George | Director | 2017-01-18 | 2021-04-15 |
| GRASSICK, William P C | Director | — | 1990-11-09 |
| GRIFFIN, Dean Geoffrey | Director | 2015-06-30 | 2021-07-21 |
| HAWKINGS, Neil | Director | 2005-06-30 | 2016-06-30 |
| HAYTHORNTHWAITE, Richard Neil | Director | 1995-12-18 | 1997-09-30 |
| HEATH, John Antony | Director | 1995-02-13 | 1997-06-30 |
| HUDDLE, Stephen Charles | Director | 2009-06-15 | 2015-05-29 |
| JAMIESON, Charles James Auldjo | Director | 1995-02-13 | 2005-06-30 |
| KIRK, Philip Andrew | Director | 2021-03-31 | 2022-02-28 |
| KRANE, Alexander Lorentzen | Director | 2021-04-15 | 2024-12-12 |
| LANDER, John Hugh Russell | Director | 1989-02-28 | 1995-12-18 |
| LAWS, Michael James | Director | — | 1995-02-13 |
| LIDDELL, Richard | Director | 2000-09-12 | 2003-01-31 |
| LOCKETT, Simon Charles | Director | 2003-08-01 | 2014-08-15 |
| LODGE, Andrew Geoffrey | Director | 2009-06-15 | 2015-06-30 |
| LOWDEN, Stephen Jonathan | Director | 1997-09-30 | 2000-11-01 |
| ORBELL, Gerald, Doctor | Director | 1995-02-13 | 1995-03-10 |
| PATTEN, Thomas Diery | Director | — | 1993-06-25 |
| RICKARD, Rachel Abigail | Director | 2015-05-29 | 2017-01-18 |
| ROSE, Richard Andrew | Director | 2014-10-01 | 2021-04-15 |
| SKITMORE, Michael James | Director | 2012-01-19 | 2015-05-20 |
| VAN DER WELLE, John Alexander | Director | 1999-04-30 | 2005-06-30 |
| WEBSTER, Gareth Peter | Director | 2020-02-14 | 2021-07-02 |
| WHEATON, Stuart Royston | Director | 2015-05-20 | 2018-07-01 |
| WILLIAMS, Harry Brian Kerr | Director | 1991-07-08 | 1995-05-22 |
| WILLIAMS, Paul David | Director | 2018-07-01 | 2021-07-02 |
| WILSON, Nigel John | Director | 2009-06-15 | 2015-05-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Chrysaor Production Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-04-24 | Active |
| Dnb Asa | Corporate entity | Shares 75–100% | 2021-06-25 | Active |
| Premier Oil Group Limited | Corporate entity | Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2026-04-24 |
Filing timeline
Last 20 of 362 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2026-07-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-30 | CH01 | officers | Change person director company with change date | |
| 2026-04-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-04-23 | CAP-SS | insolvency | Legacy | |
| 2026-04-23 | SH20 | capital | Legacy | |
| 2026-04-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-09-19 | CH01 | officers | Change person director company with change date | |
| 2024-09-19 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-09-19 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 2
- 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.