INEOS UK E&P HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-09 (in 3mo)
Last made up 2025-07-26
Watchouts
Cash
£78M
-20.6% vs 2023
Net assets
£51M
+201.9% vs 2023
Employees
369
+6.3% vs 2023
Profit before tax
£78M
-74.6% vs 2023
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.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £470,101,000 | £514,315,000 | |
| Operating profit | £313,760,000 | £97,582,000 | |
| Profit before tax | £305,179,000 | £77,608,000 | |
| Net profit | -£279,915,000 | £116,731,000 | |
| Cash | £97,801,000 | £77,698,000 | |
| Total assets less current liabilities | £1,530,123,000 | £1,730,004,000 | |
| Net assets | -£50,129,000 | £51,060,000 | |
| Equity | -£50,129,000 | £51,060,000 | |
| Average employees | 347 | 369 | |
| Wages | £34,623,000 | £18,726,000 | |
| Directors' remuneration | £3,013,000 | £1,363,000 |
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
+9.4%
£470,101,000 £514,315,000
-
Cash
-20.6%
£97,801,000 £77,698,000
-
Net assets
+201.9%
-£50,129,000 £51,060,000
-
Employees
+6.3%
347 369
-
Operating profit
-68.9%
£313,760,000 £97,582,000
-
Profit before tax
-74.6%
£305,179,000 £77,608,000
-
Wages
-45.9%
£34,623,000 £18,726,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 66.7% | 19.0% | |
| Net margin | -59.5% | 22.7% | |
| Return on capital employed | 20.5% | 5.6% | |
| Gearing (liabilities / total assets) | 102.4% | 97.7% | |
| Current ratio | 1.45x | 1.82x | |
| Interest cover | 4.49x | 1.33x |
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 5 times since incorporation
- INEOS UK E&P HOLDINGS LIMITED 2015-12-01 → present
- DEA UK E&P HOLDINGS LIMITED 2015-03-23 → 2015-12-01
- RWE DEA UK HOLDINGS LIMITED 2002-05-23 → 2015-03-23
- RWE.DEA UK HOLDINGS LIMITED 2002-05-17 → 2002-05-23
- HIGHLAND ENERGY HOLDINGS LIMITED 2000-07-04 → 2002-05-17
- LEDGE 494 LIMITED 1999-09-30 → 2000-07-04
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group and the Company financial statements have been prepared on a going concern basis and approved by the Board of Directors in accordance with the International Financial Reporting Standards (IFRSs)...the directors have concluded that the Group can operate within its current facilities without the need to obtain new ones for a period of at least 12 months from the date of this report”
Group structure
- INEOS UK E&P HOLDINGS LIMITED · parent
- INEOS UK SNS Limited 100%
- INEOS Clipper South B Limited 100%
- INEOS Clipper South C Limited 100%
- INEOS E&P A/S 100%
- INEOS E&P DK A/S 100%
- INEOS E&P Norge A/S 100%
- INEOS E&P (UK) limited 100%
- INEOS E&P (Siri) UK Limited 100%
- Shetland Island Lease Ltd 20%
- INEOS E&P (Petroleum Denmark) ApS 100%
- INEOS E&P (Norge) Petroleum DK AS 100%
- INEOS Energy (Syd Arne) ApS 100%
Significant events
- “The Solsort West Lobe development was successfully completed in September 2024, following first oil production in March 2024.”
- “The Breagh Onshore Compression Project commenced production in October 2024, enhancing output, with full completion expected in 2025.”
- “The Greensand Carbon Capture and Storage (CCS) project advanced into its first commercial phase, setting the stage for CO2 storage operations by late 2025 or early 2026.”
- “The company secured the Pegasus P2662 and P2663 licences.”
- “ONE-Dyas UK Limited agreed to divest its 30% interest in Breagh and Pegasus to the Group, with acquisition completed on 8th April 2025, taking the Group's interest to 100%.”
- “The Iris license was awarded in February 2023 to a joint arrangement between INEOS (Operator, 40%) etc. A first site identified and an application for a permanent Storage License filed in February 2024.”
- “Greensand Future Project, involving transport and storage of biogenic CO2 in Nini West reservoir via direct ship injection, was approved by all IRIS licence partners on December 9, 2024 and selected for EU Innovation Fund support.”
- “The Greenstore onshore CO2 exploration license was awarded in June 2024.”
- “Effective April 1 2025, the Group's Reserve Based Lending facility was refinanced, increased to $900m USD, and its final maturity date extended to 31 December 2029.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 42 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCLUCAS, Gemma Louise | Secretary | 2015-01-28 | — | — |
| PACE, Cordelia Alexis Loveday | Secretary | 2018-04-30 | — | — |
| BUCKNALL, David James | Director | 2021-11-01 | Mar 1968 | British |
| PIZZEY, Andrew James | Director | 2015-11-30 | Nov 1970 | British |
| ROSE, Richard Andrew | Director | 2022-08-10 | Nov 1972 | British |
| SLATER, Simon Geoffrey | Director | 2024-06-19 | Jun 1968 | British |
Show 42 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATE, Christopher Malcolm | Secretary | 2000-05-11 | 2003-11-12 |
| COREY, Stuart Adrian | Secretary | 2015-02-05 | 2018-04-30 |
| DERBYSHIRE, Mark William | Secretary | 2003-11-12 | 2004-05-24 |
| MITCHELL, Nicholas Jon | Secretary | 2008-10-20 | 2016-06-17 |
| MITCHELL, Nicholas Jon | Secretary | 2004-05-24 | 2007-01-24 |
| REDDING, Sandra Faye | Secretary | 2007-01-24 | 2014-12-03 |
| LEDINGHAM CHALMERS | Corporate Nominee Secretary | 1999-09-30 | 2003-11-12 |
| ANDERSON, Gareth Jon | Director | 2019-06-01 | 2020-11-11 |
| AUSTIN, John Anthony | Director | 2003-04-17 | 2006-02-22 |
| BISTER, Hans-Juergen, Dr | Director | 2016-05-09 | 2017-10-11 |
| BROOKS, David Nicholas | Director | 2017-10-11 | 2020-09-11 |
| COKER, Adrian John | Director | 2020-11-02 | 2021-01-29 |
| COKER, Adrian John | Director | 2016-05-09 | 2017-10-11 |
| DALGAARD, Tanja Jo Ebbe | Director | 2019-06-01 | 2020-11-02 |
| GADE, Mads Weng | Director | 2018-01-31 | 2024-06-19 |
| GINNS, Jonathan Frank, Mr. | Director | 2015-11-30 | 2016-05-06 |
| HOBBS, Mark Jonathan | Director | 2022-05-31 | 2023-08-23 |
| HOGAN, John Anthony | Director | 2000-10-16 | 2002-02-05 |
| HONEYBOURNE, John William Gervase | Director | 2000-04-27 | 2002-02-05 |
| HUGHES, Mark Andrew | Director | 2016-05-09 | 2018-01-31 |
| HUNTER, Alexander | Director | 2000-05-11 | 2002-06-24 |
| JEFFS, Paul Torquil, Dr | Director | 2003-04-17 | 2016-04-21 |
| JOHANNSEN, Colja | Director | 2005-10-01 | 2010-09-01 |
| KREMSKI, Thomas, Dr | Director | 2008-03-07 | 2015-11-30 |
| LANGE, René Bak | Director | 2023-09-04 | 2025-12-11 |
| LIPPOLD, Annette | Director | 2014-05-27 | 2015-11-30 |
| LLEWELLYN, Michael | Director | 2020-11-02 | 2022-08-10 |
| MACAULAY, William E. | Director | 2000-05-18 | 2002-02-05 |
| MACDONALD, Jeffrey Saunders | Director | 2000-05-11 | 2002-06-05 |
| MAUELER, Andreas | Director | 2002-06-24 | 2005-07-31 |
| PAWEL, Rene | Director | 2008-05-16 | 2013-07-31 |
| POLK, Hans-Joachim | Director | 2013-07-31 | 2013-11-28 |
| PRINGLE, Keith James | Director | 2000-05-11 | 2002-06-24 |
| PRINZ, Marion Martina | Director | 2003-04-17 | 2003-09-30 |
| RADWITZ, Friedrich Thomas, Dr. | Director | 2015-06-01 | 2015-11-30 |
| SCHILLING, Norbert | Director | 2003-10-06 | 2008-03-07 |
| SCHLICHTER, Christoph Johannes | Director | 2002-02-05 | 2008-05-15 |
| SCHOENE, Dirk | Director | 2010-09-01 | 2015-05-31 |
| SCOTT, Douglas Stewart | Director | 2016-05-09 | 2021-11-01 |
| STEPHENSON, Martin Alfred | Director | 2018-01-31 | 2019-06-01 |
| TUFT, Geir | Director | 2015-11-30 | 2017-10-11 |
| DURANO LIMITED | Corporate Nominee Director | 1999-09-30 | 2000-04-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ineos Energy E&P Holdings Iii Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-03-20 | Active |
| Ineos Offshore Bcs Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-03-20 |
Filing timeline
Last 20 of 244 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-13 | AA | accounts | Accounts with accounts type group | |
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-11 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-04-11 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-04-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-07 | CH01 | officers | Change person director company with change date | |
| 2024-01-12 | CH01 | officers | Change person director company with change date | |
| 2023-10-02 | AA | accounts | Accounts with accounts type group | |
| 2023-09-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.