SPIRIT ENERGY NORTH SEA OIL LIMITED
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Cash
£0
-100% vs 2024
Net assets
£47m
+18.8% vs 2024
Employees
—
Average over period
Profit before tax
£2m
-58.5% vs 2024
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 | £143,000 | £165,000 | +15.4% | |
| Operating profit | £4,398,000 | £2,406,000 | -45.3% | |
| Profit before tax | £4,718,000 | £1,960,000 | -58.5% | |
| Net profit | £13,764,000 | £7,500,000 | -45.5% | |
| Cash | £53,000 | £0 | -100% | |
| Total assets less current liabilities | £77,320,000 | £79,384,000 | +2.7% | |
| Net assets | £39,959,000 | £47,459,000 | +18.8% | |
| Equity | £39,959,000 | £47,459,000 | +18.8% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | £378,000 | £151,000 | -60.1% | |
| Directors' pension contributions | £4,000 | £4,000 | 0% | |
| Highest paid director | £126,000 | £52,000 | -58.7% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Return on capital employed | 5.7% | 3.0% | |
| Gearing (liabilities / total assets) | 58.5% | 49.2% | |
| Current ratio | 10.53x | 7.75x | |
| Interest cover | 4.13x | 3.16x |
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 5 times since incorporation
- SPIRIT ENERGY NORTH SEA OIL LIMITED 2017-12-11 → present
- CENTRICA NORTH SEA OIL LIMITED 2011-09-12 → 2017-12-11
- VENTURE NORTH SEA OIL LIMITED 2007-09-27 → 2011-09-12
- VENTURE PRODUCTION (NORTH SEA DEVELOPMENTS) LIMITED 2000-12-28 → 2007-09-27
- VENTURE PRODUCTION (A FIELDS) LIMITED 2000-10-20 → 2000-12-28
- MOUNTWEST 305 LIMITED 2000-08-25 → 2000-10-20
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The parent company, Spirit Energy Limited, confirms it will continue to provide financial support to the Company to ensure it can meet its obligations as they fall due, for at least 20 months following from 27 April 2026, provided the Company remains a member of the Group. The amounts owed to group undertakings will not be required to be repaid to Spirit Energy Limited for at least 12 months following the signing of the financial statements. Therefore, the Directors continue supporting the use of the going concern basis in preparing these financial statements.”
Significant events
- “Subsequent to the year-end, conflict in the Middle East has resulted in increased volatility in global commodity markets and added to overall economic uncertainty. As a result of the proximity of the developments to the finalisation of the financial statements, it is not yet possible to make an assessment of any financial impact they may have.”
- “For the Company's 2025 financial statements, they are considered to be non-adjusting post balance sheet events and therefore any impact will be reported through future financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 45 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWELL-HOOK, Matthew David | Director | 2025-09-01 | Mar 1983 | British |
| HARRISON, Nicholas Charles | Director | 2024-07-31 | Jan 1967 | British |
| HEPBURN, Peter Wilson | Director | 2025-07-18 | Dec 1971 | British |
Show 45 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 | 2000-08-25 | 2002-03-25 |
| ALLERTON, Marshall | Director | 2012-04-16 | 2013-10-16 |
| 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 | 2017-12-08 |
| DE LEEUW, Paul | Director | 2011-05-11 | 2013-08-16 |
| DINGWALL, Bruce Alan Ian | Director | 2000-10-13 | 2004-09-09 |
| HANAFIN, Vincent Mark | Director | 2009-10-02 | 2010-02-08 |
| HARRISON, Gerald Martin | Director | 2017-12-08 | 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 |
| LAPPIN, Mark Stephen | Director | 2014-01-01 | 2016-07-13 |
| LE POIDEVIN, Andrew Daryl | Director | 2017-07-14 | 2019-05-31 |
| LUMSDEN, Roy Andrew | Director | 2015-06-05 | 2017-07-14 |
| 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 | 2012-04-16 | 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 | 2012-04-16 |
| MELAND, Steinar | Director | 2016-07-13 | 2017-12-08 |
| MURPHY, Jonathan David | Director | 2000-10-13 | 2009-05-14 |
| OZSANLAV, Richard | Director | 2014-02-28 | 2015-06-05 |
| RENNIE, David Alan | Director | 2000-08-25 | 2000-10-13 |
| ROBERTSON, Kenneth Murray | Director | 2014-01-01 | 2017-12-08 |
| ROGER, Jonathan Leslie | Director | 2004-12-01 | 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 | 2007-04-30 | 2009-12-24 |
| TURNER, Peter Andrew | Director | 2007-12-06 | 2009-10-02 |
| WAGSTAFF, Michael John | Director | 2000-10-13 | 2009-10-02 |
| WEIR, Fraser Dawson | Director | 2016-07-13 | 2018-05-31 |
| WILSON, Andrew | Director | 2001-02-01 | 2003-02-28 |
| WILSON, David Ross, Eur Ing | Director | 2010-03-05 | 2013-10-03 |
| WISKER, Simon John | Director | 2006-06-05 | 2007-09-03 |
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 200 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 | |
| 2025-09-04 | AP01 | officers | Appoint person director company with name date | |
| 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 | |
| 2024-08-09 | 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 | |
| 2024-06-13 | AA | accounts | Accounts with accounts type full | |
| 2023-10-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-25 | AA | accounts | Accounts with accounts type full | |
| 2023-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.