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Cash

£4.6M

USD 6,155,000

+252.7% highest in 3 filed years

Net assets

-£297K

USD -395,000

-233.4% vs 2024

Employees

0

Average over period

Profit before tax

-£652K

USD -867,000

-232.2% lowest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover
Operating profit £11,276-£93,212-£133,053 -42.7%
Profit before tax -£373,600-£196,196-£651,733 -232.2%
Net profit -£373,600£3,868,300-£519,432 -113.4%
Cash £327,746£1,311,734£4,626,776 +252.7%
Total assets less current liabilities -£3,645,794£222,506-£296,926 -233.4%
Net assets -£3,645,794£222,506-£296,926 -233.4%
Equity £222,506-£296,926 -233.4%
Average employees 00
Wages
Directors' remuneration £2,764,790£884,763£1,850,710 +109.2%

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 2023-12-312024-12-312025-12-31
Return on capital employed -41.9%
Gearing (liabilities / total assets) 1212.4%95.3%106.2%
Current ratio 0.08x1.05x0.94x
Interest cover 0.03x-0.18x-0.19x

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.

Audit & accounting basis

Accounting basis
IFRS
Reporting scope
Standalone (parent only)
Auditor
PricewaterhouseCoopers LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Directors have a reasonable expectation that the Company will continue in operational existence for a period of at least 12 months from the date of approval of the Financial Statements and have therefore used the going concern basis in preparing the Financial Statements.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

4 active · 11 resigned

Name Role Appointed Born Nationality
ERVINE, Paul Alan Secretary 2023-06-07
ERVINE, Paul Alan Director 2023-08-01 Feb 1986 British
NEELY, Randall Clifford Director 2023-06-07 Jun 1966 Canadian
PIPER, Nathan Gresham Director 2023-08-01 Apr 1975 British
Show 11 resigned officers
Name Role Appointed Resigned
MCSHERRY, Anne Margaret Secretary 2020-12-01 2023-06-07
WOOD, Duncan Alexander Secretary 2006-06-26 2020-12-01
BROWN, Janice Margaret Director 2008-10-16 2014-05-15
COX, Christopher Martin Director 2023-04-11 2023-06-07
GAMMELL, William Benjamin Bowring, Sir Director 2006-06-26 2011-07-11
HART, Kevin Director 2006-06-30 2006-11-17
MAWDSLEY, Clare Louise Director 2023-04-11 2023-08-01
SMITH, James Donald Director 2014-05-15 2023-04-11
THOMS, Malcolm Shaw Director 2006-06-26 2011-06-30
THOMSON, Simon John Director 2008-10-16 2023-04-11
WATTS, Michael John, Dr Director 2006-06-30 2014-05-15

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Capricorn Energy Plc Corporate entity Shares 75–100% 2016-04-16 Active

Filing timeline

Last 20 of 109 total filings

Date Type Category Description
2026-06-20 AA accounts Accounts with accounts type full
2026-06-17 AD01 address Change registered office address company with date old address new address PDF
2026-06-17 AD01 address Change registered office address company with date old address new address PDF
2025-07-24 AA accounts Accounts with accounts type full
2025-07-23 CS01 confirmation-statement Confirmation statement with updates PDF
2024-10-07 AA accounts Accounts with accounts type full
2024-07-15 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-08-07 AA accounts Accounts with accounts type full
2023-08-01 AP01 officers Appoint person director company with name date PDF
2023-08-01 AP01 officers Appoint person director company with name date PDF
2023-08-01 TM01 officers Termination director company with name termination date PDF
2023-07-17 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-06-09 AP01 officers Appoint person director company with name date PDF
2023-06-09 TM01 officers Termination director company with name termination date PDF
2023-06-09 TM02 officers Termination secretary company with name termination date PDF
2023-06-09 AP03 officers Appoint person secretary company with name date PDF
2023-04-12 TM01 officers Termination director company with name termination date PDF
2023-04-12 TM01 officers Termination director company with name termination date PDF
2023-04-12 AP01 officers Appoint person director company with name date PDF
2023-04-12 AP01 officers Appoint person director company with name date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
5

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page