CAPRICORN ENERGY PLC
Formerly known as Cairn Energy, this Edinburgh-headquartered company is an independent oil and gas exploration and production business listed on the London Stock Exchange with operations across the UK, Africa, and the Americas.
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Cash
£100M
USD 132,700,000
+7.5% vs 2024
Net assets
£284M
USD 377,300,000
+8% vs 2024
Employees
41
-8.9% lowest in 3 filed years
Profit before tax
-£3.3M
USD -4,400,000
-131.7% vs 2024
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 | £151,093,738 | £111,102,759 | £101,405,698 | -8.7% | |
| Operating profit | -£65,699,466 | £22,626,475 | £4,284,748 | -81.1% | |
| Profit before tax | -£76,749,605 | £10,448,771 | -£3,307,525 | -131.7% | |
| Net profit | -£108,246,260 | — | — | — | |
| Cash | £142,449,072 | £92,761,031 | £99,751,936 | +7.5% | |
| Total assets less current liabilities | £409,757,198 | £342,930,166 | £306,622,566 | -10.6% | |
| Net assets | £305,570,172 | £262,572,352 | £283,620,236 | +8% | |
| Equity | £305,570,172 | £262,572,352 | £283,620,236 | +8% | |
| Average employees | 117 | 45 | 41 | -8.9% | |
| Wages | £13,831,467 | £7,742,614 | £7,592,272 | -1.9% | |
| Directors' remuneration | £1,167,885 | £1,802,675 | £2,135,670 | +18.5% |
Figures converted to GBP from USD at 0.752 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 | -43.5% | 20.4% | 4.2% | |
| Net margin | -71.6% | — | — | |
| Return on capital employed | -16.0% | 6.6% | 1.4% | |
| Gearing (liabilities / total assets) | 39.1% | 43.6% | 26.5% | |
| Current ratio | 3.13x | 2.20x | 2.44x | |
| Interest cover | -3.45x | 1.48x | 0.31x |
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 3 times since incorporation
- CAPRICORN ENERGY PLC 2021-12-10 → present
- CAIRN ENERGY PLC 2003-02-19 → 2021-12-10
- NEW CAIRN ENERGY PLC 2002-12-05 → 2003-02-19
- RANDOTTE (NO. 507) LIMITED 2002-01-07 → 2002-12-05
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors expect the Group to have sufficient headroom to meet its future funding requirements and obligations for a period of at least 12 months from the date of signing these financial statements. The Board and Audit Committee assessments of risk and mitigants to the Group's operational existence beyond this 12-month period did not identify any material uncertainty.”
Group structure
- CAPRICORN ENERGY PLC · parent
- Cairn UK Holdings Limited
- Capricorn Energy Investments Limited
- Capricorn Energy DMCC
- Capricorn Oil Limited
- Capricorn Senegal (Holding) Limited
- Agora Oil and Gas (UK) Limited
- Capricorn Côte d'Ivoire Limited
- Capricorn Egypt (Holding) Limited
- Capricorn Energy Egypt Limited
- Capricorn Energy Holdings Limited
- Capricorn Energy Mexico S. de R.L.
- Capricorn Energy UK Limited
- Capricorn Exploration and Production Morocco S.A.R.L. Limited
- Capricorn Low Carbon Solutions Limited
- Capricorn Mauritania Limited
- Capricorn Energy BV
- Capricorn Offshore Exploration Limited
- Capricorn Petroleum Limited
- Capricorn Senegal Management Limited
- Capricorn Suriname BV
Significant events
- “In May, Capricorn reached a major milestone with the approval of a merged concession agreement in Egypt. The agreement, which brought production and development commitments into a single, long-term contract with international terms, is expected to improve cash flows and arrest production decline, setting the stage for renewed growth in 2026 and in the years ahead.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ERVINE, Paul Alan | Secretary | 2023-05-31 | — | — |
| GORDON, Maria Vladimirovna | Director | 2023-02-01 | Feb 1974 | British,Russian |
| HERBERT, Richard | Director | 2023-02-01 | Jul 1958 | British |
| MERRIN, Patrice Ellen | Director | 2023-06-26 | Sep 1948 | Canadian,Irish |
| MISTRY, Sachin | Director | 2024-05-23 | Mar 1979 | British |
| NEELY, Randall Clifford | Director | 2023-06-01 | Jun 1966 | Canadian |
| PITTS, James Emilian Thomas | Director | 2023-02-01 | Jan 1966 | Canadian |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCSHERRY, Anne Margaret | Secretary | 2020-12-01 | 2023-05-31 |
| WOOD, Duncan Alexander | Secretary | 2002-11-13 | 2020-12-01 |
| CHARLOTTE SECRETARIES LIMITED | Corporate Nominee Secretary | 2002-01-07 | 2002-11-13 |
| ARAUJO, Luis Antonio Gomes | Director | 2022-05-11 | 2023-01-24 |
| BERGER, Alexander Ferdinand Diederik | Director | 2010-05-20 | 2019-05-17 |
| BROWN, Janice Margaret | Director | 2006-11-17 | 2014-05-15 |
| BUCKEE, James William, Dr | Director | 2009-01-15 | 2014-05-15 |
| COX, Christopher Martin | Director | 2023-02-01 | 2023-06-01 |
| DAUGBJERG, Erik Bernhard | Director | 2020-05-14 | 2023-06-26 |
| GAMMELL, William Benjamin Bowring, Sir | Director | 2002-11-13 | 2014-05-15 |
| GIADROSSI, Nicoletta Carla Maria | Director | 2017-01-10 | 2023-01-24 |
| GROSSART, Hamish Mcleod | Director | 2002-12-06 | 2010-05-20 |
| HART, Kevin | Director | 2002-11-13 | 2006-11-17 |
| HUNT, Todd Mclean | Director | 2003-05-14 | 2020-05-14 |
| KALLOS, Peter Stephen | Director | 2015-09-01 | 2023-01-24 |
| KRAJICEK, Catherine Lee | Director | 2019-07-01 | 2023-06-26 |
| LOUGH, Keith Geddes | Director | 2015-05-14 | 2023-02-01 |
| MCLAREN, Iain Archibald | Director | 2008-07-01 | 2018-05-15 |
| MEIKLEJOHN, Iain Maury Campbell | Nominee Director | 2002-01-07 | 2002-11-13 |
| MEKAWI, Hesham Saad | Director | 2023-02-01 | 2024-06-27 |
| MURRAY, Norman Loch | Director | 2002-12-06 | 2011-06-30 |
| SHEPPARD, Mary Jacqueline | Director | 2010-05-20 | 2018-12-31 |
| SHILSTON, Andrew Barkley | Director | 2004-11-08 | 2008-05-23 |
| SMITH, James Donald | Director | 2014-05-15 | 2023-02-01 |
| STORY, Edward T | Director | 2002-12-06 | 2009-01-15 |
| THOMS, Malcolm Shaw | Director | 2002-12-06 | 2011-06-30 |
| THOMSON, Simon John | Director | 2011-07-01 | 2023-01-24 |
| THOMSON, Simon John | Director | 2006-11-17 | 2011-07-01 |
| TRACY, Philip Oliver James | Director | 2004-02-06 | 2011-06-30 |
| TYLER, Ian Paul | Director | 2013-06-28 | 2020-12-31 |
| TYNDALL, Mark Robert John | Director | 2003-10-10 | 2010-05-20 |
| VAN DER LAAN DE VRIES, Craig Andrew | Director | 2023-02-01 | 2024-05-23 |
| WATTS, Michael John, Dr | Director | 2002-12-06 | 2014-05-15 |
| WOOD, Alison Jane | Director | 2019-07-01 | 2023-01-24 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 1214 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-01 RESOLUTIONS Resolution
- 2025-06-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-06-08 | AA | accounts | Accounts with accounts type group | |
| 2026-06-01 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-17 | AA | accounts | Accounts with accounts type group | |
| 2025-06-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-30 | SH06 | capital | Capital cancellation shares | |
| 2024-12-30 | SH03 | capital | Capital return purchase own shares | |
| 2024-12-30 | SH03 | capital | Capital return purchase own shares | |
| 2024-12-30 | SH03 | capital | Capital return purchase own shares | |
| 2024-12-23 | SH06 | capital | Capital cancellation shares | |
| 2024-12-22 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-12-05 | SH06 | capital | Capital cancellation shares | |
| 2024-12-05 | SH03 | capital | Capital return purchase own shares | |
| 2024-12-05 | SH03 | capital | Capital return purchase own shares | |
| 2024-11-28 | SH03 | capital | Capital return purchase own shares | |
| 2024-11-28 | SH03 | capital | Capital return purchase own shares | |
| 2024-11-01 | SH06 | capital | Capital cancellation shares | |
| 2024-11-01 | SH03 | capital | Capital return purchase own shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 12
- 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.