SPIRIT NORTH SEA GAS LIMITED
Get an alert when SPIRIT NORTH SEA GAS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£62m
-6.2% vs 2024
Employees
0
Average over period
Profit before tax
-£8.2m
-256.7% lowest in 3 filed years
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 | £15,553,000 | £15,253,000 | £15,680,000 | +2.8% | |
| Operating profit | £3,452,000 | £3,339,000 | -£10,403,000 | -411.6% | |
| Profit before tax | £5,764,000 | £5,206,000 | -£8,157,000 | -256.7% | |
| Net profit | -£792,000 | £5,765,000 | -£3,951,000 | -168.5% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £67,162,000 | £83,653,000 | £69,247,000 | -17.2% | |
| Net assets | £59,875,000 | £65,761,000 | £61,705,000 | -6.2% | |
| Equity | £59,875,000 | £65,761,000 | £61,705,000 | -6.2% | |
| Average employees | 5 | 0 | 0 | — | |
| Wages | £125,000 | £58,000 | — | — | |
| Directors' remuneration | £146,000 | £76,000 | £26,000 | -65.8% | |
| Directors' pension contributions | £1,000 | £1,000 | £1,000 | 0% |
Values shown as filed in the company's annual accounts. — 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 | 22.2% | 21.9% | -66.3% | |
| Net margin | -5.1% | 37.8% | -25.2% | |
| Return on capital employed | 5.1% | 4.0% | -15.0% | |
| Gearing (liabilities / total assets) | 45.4% | 47.4% | 46.2% | |
| Current ratio | 0.07x | — | — | |
| Interest cover | 1.87x | 1.62x | -8.44x |
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 4 times since incorporation
- SPIRIT NORTH SEA GAS LIMITED 2017-12-11 → present
- CENTRICA NORTH SEA GAS LIMITED 2011-09-12 → 2017-12-11
- VENTURE NORTH SEA GAS LIMITED 2007-02-22 → 2011-09-12
- VENTURE PRODUCTION COMPANY (NORTH SEA) LIMITED 1998-02-16 → 2007-02-22
- MOUNTWEST 148 LIMITED 1998-02-09 → 1998-02-16
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Further, the parent company, Spirit Energy Limited, has confirmed that it will continue to provide financial support to the Company to enable it to meet its obligations as they fall due for at least 20 months from 27 April 2026, provided the Company remains a member of the Group. In addition, amounts owed to group undertakings will not be required to be repaid for at least 12 months from the date of approval of these financial statements. Based on this confirmation, the Directors consider that sufficient support is available to the Company throughout the going concern period.”
Group structure
- SPIRIT NORTH SEA GAS LIMITED · parent
- Bowland Resources Limited 100%
- Bowland Resources (No 2) Limited 100%
- Elswick Energy Limited 100%
Significant events
- “On 16 December 2025, Spirit Energy Limited announced that the Group had entered into an SPA with Serica Energy plc for the sale of the Group's Dutch North Sea portfolio, the UK Greater Markham Area fields and the UK Southern North Sea assets, including the remaining 15% interest in the Cygnus field.”
- “Subsequent to the year end, conflict in the Middle East has increased volatility in global commodity markets and heightened overall economic uncertainty. Due to the timing of these developments relative to the finalisation of the financial statements, it is not currently possible to assess the extent of any potential financial impact. Accordingly, these events are considered non-adjusting post balance sheet events, and any impact will be reflected in future financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 50 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARRISON, Nicholas Charles | Director | 2024-07-31 | Jan 1967 | British |
| HEPBURN, Peter Wilson | Director | 2025-07-18 | Dec 1971 | British |
Show 50 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOBDEN, Brian | Secretary | 2002-03-25 | 2006-11-15 |
| MACLEOD, Nicola | Secretary | 2019-01-29 | 2024-07-31 |
| WAITE, Simon Nicholas | Secretary | 2006-11-15 | 2009-10-02 |
| CENTRICA SECRETARIES LIMITED | Corporate Secretary | 2009-10-02 | 2018-12-31 |
| STRONACHS | Corporate Nominee Secretary | 1998-02-09 | 2002-03-25 |
| ALLERTON, Marshall | Director | 2012-04-16 | 2013-10-16 |
| ASTELL, Michael Peter | Director | 2011-12-13 | 2013-11-15 |
| BARTHOLOMEW, Iain Douglas, Dr | Director | 2010-02-08 | 2014-01-01 |
| BEGBIE, Roderick Mcintosh | Director | 2007-09-03 | 2009-10-02 |
| BEVINGTON, Andrew Richard | Director | 2014-01-01 | 2016-07-13 |
| BIRD, Christopher Terence | Director | 2010-02-08 | 2012-04-16 |
| CLAYTON, Marie-Louise | Director | 2005-02-14 | 2007-12-06 |
| COHEN, Colette Brigid | Director | 2014-01-01 | 2016-06-30 |
| COX, Christopher Martin | Director | 2016-03-01 | 2016-07-13 |
| DE LEEUW, Paul | Director | 2011-05-11 | 2013-08-16 |
| DINGWALL, Bruce Alan Ian | Director | 1998-09-01 | 2004-09-09 |
| FLEMING, Michael John | Director | 1998-02-09 | 1999-12-21 |
| HANAFIN, Vincent Mark | Director | 2009-10-02 | 2010-02-08 |
| HARRISON, Gerald Martin | Director | 2018-06-01 | 2022-06-24 |
| HEDLEY, Paul Ian, Mr. | Director | 2011-09-01 | 2013-10-25 |
| JONES, Dennis Gareth | Director | 2019-11-01 | 2024-08-30 |
| KABRA, Girish Rajkumar | Director | 2022-08-05 | 2025-03-13 |
| KEMP, Stephen John | Director | 2010-03-05 | 2012-04-16 |
| KINCH, Laurence William | Director | 1998-09-01 | 2005-01-24 |
| LAPPIN, Mark Stephen | Director | 2014-01-01 | 2016-07-13 |
| LE POIDEVIN, Andrew Daryl | Director | 2016-07-13 | 2019-05-31 |
| LUMLEY, Nicholas Ward | Director | 2016-07-13 | 2017-04-14 |
| LUMSDEN, Roy Andrew | Director | 2015-06-05 | 2016-07-13 |
| MACLEOD, Nicola Jane | Director | 2018-09-11 | 2024-07-31 |
| MADDOCK, Nicholas William | Director | 2009-11-09 | 2011-07-05 |
| MARTINSEN, Rune | Director | 2018-06-01 | 2018-12-31 |
| MCCALLUM, Craig | Director | 2008-08-20 | 2014-01-01 |
| MCCULLOCH, Neil James | Director | 2019-01-01 | 2023-09-29 |
| MCGINIGAL, Scott | Director | 2023-09-29 | 2025-07-18 |
| MCKENNA, Gregory Craig | Director | 2010-02-08 | 2014-01-01 |
| MURPHY, Jonathan David | Director | 2000-01-17 | 2009-05-14 |
| NEELY, John David | Director | 1998-09-01 | 1999-12-21 |
| OZSANLAV, Richard | Director | 2014-02-28 | 2015-06-05 |
| REDCLIFFE, Charlotte | Director | 2016-07-13 | 2017-12-08 |
| RENNIE, David Alan | Director | 1998-02-09 | 1998-02-09 |
| ROBERTSON, Kenneth Murray | Director | 2014-01-01 | 2016-07-13 |
| ROGER, Jonathan Leslie | Director | 2007-09-03 | 2013-05-20 |
| SAMBHI, Sarwjit | Director | 2013-05-20 | 2016-02-29 |
| TANNER, Paul Martyn, Roger | Director | 2016-07-13 | 2018-05-31 |
| TRAVIS, Michael James | Director | 2007-09-03 | 2009-12-24 |
| TURNER, Peter Andrew | Director | 2007-12-06 | 2009-10-02 |
| WAGSTAFF, Michael John | Director | 1999-10-26 | 2009-10-02 |
| WEIR, Fraser Dawson | Director | 2017-12-08 | 2018-05-31 |
| WILSON, Andrew | Director | 2001-02-01 | 2003-02-28 |
| WISKER, Simon John | Director | 2004-12-01 | 2006-06-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Spirit Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-09-29 | Active |
| Gb Gas Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-09-29 |
Filing timeline
Last 20 of 248 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | AA | accounts | Accounts with accounts type full | |
| 2026-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-10 | AA | accounts | Accounts with accounts type full | |
| 2025-07-28 | CH01 | officers | Change person director company with change date | |
| 2025-07-28 | CH01 | officers | Change person director company with change date | |
| 2025-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-14 | AA | accounts | Accounts with accounts type full | |
| 2024-08-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-25 | AA | accounts | Accounts with accounts type full | |
| 2023-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.