PSL ENERGY SERVICES LIMITED
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Cash
£367k
-10% vs 2024
Net assets
£153m
-18.2% vs 2024
Employees
0
Average over period
Profit before tax
£356k
-91.7% 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 | £572,000 | £10,000 | -98.3% | |
| Operating profit | -£139,000 | -£341,000 | -145.3% | |
| Profit before tax | £4,301,000 | £356,000 | -91.7% | |
| Net profit | £4,476,000 | £542,000 | -87.9% | |
| Cash | £408,000 | £367,000 | -10% | |
| Total assets less current liabilities | £187,220,000 | £153,238,000 | -18.2% | |
| Net assets | £187,220,000 | £153,238,000 | -18.2% | |
| Equity | £187,220,000 | £153,238,000 | -18.2% | |
| Average employees | 0 | 0 | — | |
| Wages | £0 | £3,000 | — | |
| Directors' remuneration | £0 | £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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | -24.3% | — | |
| Return on capital employed | -0.1% | -0.2% | |
| Gearing (liabilities / total assets) | 29.3% | 1.1% | |
| Current ratio | 1.51x | 21.00x | |
| Interest cover | — | -0.64x |
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. 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 1 time since incorporation
- PSL ENERGY SERVICES LIMITED 2003-04-22 → present
- LAURELDON LIMITED 2003-02-11 → 2003-04-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- James Cowper Kreston Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.”
Group structure
- PSL ENERGY SERVICES LIMITED · parent
- Energy Chemical Sources Company 100%
- Halliburton Services Limited Liability Company 90%
Significant events
- “The company's sales and activities in Azerbaijan were reduced in 2025 because of termination of customer contract.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLIFTON, Scot | Secretary | 2009-07-01 | — | British |
| CLIFTON, Scot | Director | 2009-07-01 | Nov 1966 | British |
| CRAIB, Steven Ross | Director | 2024-10-25 | Jul 1988 | British |
| JOHNSON, Rachel Lynn | Director | 2025-11-12 | Jun 1986 | American |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUCHAN, Michael Andrew | Secretary | 2004-04-29 | 2007-07-31 |
| CRAWLEY, Peter John | Secretary | 2007-07-31 | 2008-06-30 |
| DEERING, John Edward | Secretary | 2008-06-30 | 2009-07-01 |
| P & W SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-02-11 | 2003-04-17 |
| PAULL & WILLIAMSONS | Corporate Secretary | 2003-04-17 | 2004-04-29 |
| BENTLEY, Philip John, Mr | Director | 2004-07-29 | 2007-07-31 |
| BETTS, Matthew | Director | 2014-01-01 | 2017-12-08 |
| BIRNIE, Christopher Albert | Director | 2021-11-01 | 2024-10-25 |
| BOWYER, Michael Lewis | Director | 2007-07-31 | 2009-07-01 |
| BUCHAN, Michael Andrew | Director | 2003-07-10 | 2007-07-31 |
| BUCHANAN, Alasdair Ian | Director | 2011-08-01 | 2012-04-13 |
| CRAWLEY, Peter John | Director | 2007-07-31 | 2007-09-03 |
| DUGUID, Douglas Hunter | Director | 2003-02-11 | 2007-07-31 |
| GRANT, Iain Derek | Director | 2003-02-11 | 2007-07-31 |
| HENDERSON, Jeremy Neil | Director | 2003-06-05 | 2007-07-31 |
| HORSFALL, Timothy Michael | Director | 2023-04-26 | 2025-11-12 |
| JOHNSTON, David Alexander | Director | 2007-10-24 | 2019-12-31 |
| MEKKAWY, Wael | Director | 2019-12-16 | 2021-10-31 |
| MLADENKA, David | Director | 2012-04-13 | 2014-01-01 |
| MORRISON, Bernard Iain | Director | 2007-09-03 | 2008-03-21 |
| MORRISON, Graeme Michael | Director | 2008-04-01 | 2010-03-31 |
| NOWE, Steve | Director | 2022-01-01 | 2023-04-26 |
| PAVER, Gary Neil | Director | 2007-07-31 | 2007-10-24 |
| ROSS, Hamish Hector Lawrence | Director | 2003-04-17 | 2007-07-31 |
| SEATON, Simon Derek | Director | 2009-01-05 | 2011-08-01 |
| WHITE, Martin Robert | Director | 2017-12-08 | 2021-12-31 |
| P & W DIRECTORS LIMITED | Corporate Nominee Director | 2003-02-11 | 2003-02-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Halliburton Manufacturing And Services Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 145 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-22 | AA | accounts | Accounts with accounts type full | |
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-03 | AA | accounts | Accounts with accounts type full | |
| 2023-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-02-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-26 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-12 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.