SERICA ENERGY CHINOOK LIMITED
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Cash
£439k
USD 591,000
-90.8% lowest in 3 filed years
Net assets
£218m
USD 293,483,000
-13.2% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£42m
USD -57,258,000
-240.2% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Insolvency history on file
Companies House holds prior insolvency events for this company. Detail and outcome on the official register.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | £177,947,913 | £195,340,656 | £97,625,974 | -50% | |
| Operating profit | £67,027,769 | £31,775,708 | -£39,499,072 | -224.3% | |
| Profit before tax | £60,589,896 | £30,318,370 | -£42,492,022 | -240.2% | |
| Net profit | £204,684,656 | £18,049,984 | -£16,053,432 | -188.9% | |
| Cash | £2,390,179 | £4,769,182 | £438,590 | -90.8% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £229,398,337 | £250,807,864 | £217,798,145 | -13.2% | |
| Equity | £229,398,337 | £250,807,864 | £217,798,145 | -13.2% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.742 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 | 37.7% | 16.3% | -40.5% | |
| Net margin | 115.0% | 9.2% | -16.4% | |
| Gearing (liabilities / total assets) | 55.1% | 48.9% | 59.3% | |
| Current ratio | 0.48x | 0.48x | 0.36x | |
| Interest cover | 10.41x | 8.65x | -10.30x |
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 6 times since incorporation
- SERICA ENERGY CHINOOK LIMITED 2024-04-05 → present
- TAILWIND ENERGY CHINOOK LTD 2021-06-09 → 2024-04-05
- DECIPHER PRODUCTION LIMITED 2017-04-25 → 2021-06-09
- IONA ENERGY COMPANY (UK) LIMITED 2016-05-27 → 2017-04-25
- IONA ENERGY COMPANY (UK) PLC 2014-03-18 → 2016-05-27
- IONA ENERGY COMPANY (UK) LIMITED 2007-12-18 → 2014-03-18
- GOLFDEE LIMITED 2007-12-14 → 2007-12-18
Audit & accounting basis
- Accounting basis
- other
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the going concern period. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “Storm damage to the host Ninian Central Platform in mid-January 2026 led to an outage until early March.”
- “A field development plan for Kyla Redevelopment was submitted in February 2026, and the asset name accordingly changed from Kyle to Kyla in line with regulatory requirements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COPELAND, Martin Francis David | Director | 2024-02-05 | Oct 1969 | British |
| COX, Christopher Martin | Director | 2024-07-01 | Mar 1961 | British |
| FEWKES, Daniel Charles | Director | 2023-03-23 | Jun 1969 | British |
| KILLEEN, Michael Paul | Director | 2024-07-01 | Feb 1971 | British |
| LAMBERT, Stephen David | Director | 2023-03-23 | Jul 1964 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAXTER, Robin Murray | Secretary | 2011-01-01 | 2014-10-31 |
| CARSON, Jacqueline | Secretary | 2007-12-18 | 2011-01-01 |
| BURNESS PAULL LLP | Corporate Secretary | 2014-10-31 | 2017-02-14 |
| P & W SECRETARIES LIMITED | Corporate Secretary | 2007-12-14 | 2007-12-18 |
| ALTOBELL, Clara Elaine | Director | 2023-03-23 | 2024-12-19 |
| BELL, Andrew Stewart | Director | 2023-03-23 | 2024-02-05 |
| BOWYER, Steven David | Director | 2017-04-13 | 2021-06-08 |
| CAMERON, Brian Ross | Director | 2017-05-03 | 2021-06-08 |
| CARSON, Neil Ashley | Director | 2007-12-18 | 2014-09-12 |
| EDWARDS, Stephen Cross, Dr | Director | 2021-06-08 | 2023-03-23 |
| FLEGG, Mitchell Robert | Director | 2023-03-23 | 2024-04-24 |
| FREEMAN, David Peter, Dr | Director | 2021-06-08 | 2023-03-23 |
| GUNN, Bradley Gerald | Director | 2010-06-06 | 2013-03-28 |
| GUNN, Bradley Gerald | Director | 2010-06-06 | 2013-03-28 |
| HEATH, Graham Andrew | Director | 2014-02-28 | 2014-10-30 |
| LATIN, David Michael | Director | 2024-04-24 | 2024-07-01 |
| MCKENDRICK, Iain Charles | Director | 2014-09-01 | 2017-04-13 |
| REYNOLDS, Thomas Hamilton | Director | 2014-09-01 | 2017-04-13 |
| TOHME, Jacques Joseph | Director | 2021-06-08 | 2023-03-23 |
| UJEJSKI, Tomasz Zbigniew Harding | Director | 2021-06-08 | 2023-03-23 |
| WOLFLI, Richard Johannus | Director | 2007-12-18 | 2010-06-06 |
| P & W DIRECTORS LIMITED | Corporate Director | 2007-12-14 | 2007-12-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Serica Energy Meltemi Limited | Corporate entity | Voting 75–100%, Appoints directors | 2024-12-16 | Active |
| Serica Energy Sirocco Ltd | Corporate entity | Voting 75–100%, Appoints directors | 2024-01-22 | Ceased 2024-12-16 |
| Den Norske Nominees Limited (As Nominee For Dnb Bank Asa, London Branch (As Security Agent)) | Corporate entity | Shares 75–100% | 2024-01-22 | Active |
| Tailwind Energy Sirocco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-04-18 | Ceased 2024-01-22 |
Filing timeline
Last 20 of 213 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2026-08-07 | CH01 | officers | Change person director company with change date | |
| 2026-08-07 | CH01 | officers | Change person director company with change date | |
| 2026-08-07 | CH01 | officers | Change person director company with change date | |
| 2026-08-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-07-31 | CH01 | officers | Change person director company with change date | |
| 2026-07-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-06 | AA | accounts | Accounts with accounts type full | |
| 2025-06-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-09 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-04 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- 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.