ELAND OIL & GAS LIMITED
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Cash
£660k
USD 890,000
-1% vs 2024
Net assets
£197m
USD 265,628,000
-4.9% vs 2024
Employees
18
0% vs 2024
Profit before tax
£52m
USD 70,061,000
-29.4% 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 | £4,694,854 | £4,717,447 | £4,425,232 | -6.2% | |
| Operating profit | £3,630,373 | £9,330,627 | £3,168,089 | -66% | |
| Profit before tax | £4,274,396 | £73,654,887 | £51,993,321 | -29.4% | |
| Net profit | £4,448,541 | £73,940,624 | £51,993,321 | -29.7% | |
| Cash | — | £666,985 | £660,482 | -1% | |
| Total assets less current liabilities | — | £207,676,695 | £197,126,531 | -5.1% | |
| Net assets | — | £207,391,754 | £197,126,531 | -4.9% | |
| Equity | — | £207,391,754 | £197,126,531 | -4.9% | |
| Average employees | — | 18 | 18 | 0% | |
| Wages | — | £3,959,726 | £4,046,011 | +2.2% | |
| 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 | 77.3% | 197.8% | 71.6% | |
| Net margin | 94.8% | — | — | |
| Return on capital employed | — | 4.5% | 1.6% | |
| Gearing (liabilities / total assets) | — | 0.6% | 1.5% | |
| Current ratio | — | 47.03x | 15.08x |
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 3 times since incorporation
- ELAND OIL & GAS LIMITED 2019-12-20 → present
- ELAND OIL & GAS PLC 2012-02-28 → 2019-12-20
- ELAND OIL & GAS LIMITED 2009-09-28 → 2012-02-28
- MOUNTWEST 852 LIMITED 2009-08-28 → 2009-09-28
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- ELAND OIL & GAS LIMITED · parent
- Eland Oil & Gas (Nigeria) Limited 100%
- Elcrest Exploration and Production Nigeria Limited 45%
- Westport Oil Limited 100%
- Tarland Oil Holdings Limited 100%
- Brineland Petroleum Limited 49%
- Wester Ord Oil & Gas (Nigeria) Limited 100%
- Wester Ord Oil & Gas Limited 100%
Significant events
- “Subsequent to 31 December 2025, the Company closed its Aberdeen office and transferred the associated activities to the other office locations in the Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STRONACHS SECRETARIES LIMITED | Corporate Secretary | 2020-09-11 | — | — |
| OKON, Effiong Udofia | Director | 2026-08-01 | Apr 1966 | Nigerian |
| UDEH, Pius Ozoemenam | Director | 2022-07-27 | May 1967 | Nigerian |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NEILSON, Ewan Craig | Nominee Secretary | 2013-05-20 | 2020-09-11 |
| SHEACH, David Alexander | Secretary | 2012-02-08 | 2013-05-20 |
| STRONACHS SECRETARIES LIMITED | Corporate Secretary | 2009-08-28 | 2012-02-08 |
| BAIN, Ronald Yeats | Director | 2017-08-01 | 2020-01-31 |
| BARTLETT, Andrew Donald | Director | 2013-01-01 | 2014-09-15 |
| BLAIR, Ian Leslie | Director | 2009-09-28 | 2014-09-08 |
| BROWN, Roger Thompson | Director | 2019-12-18 | 2026-07-31 |
| CASTRO, Louis Emmanuel | Director | 2012-09-03 | 2016-05-31 |
| EDE-GOLIGHTLY, James Lawrence | Director | 2013-01-01 | 2014-02-07 |
| GAY, Nicholas Hugo | Director | 2018-06-22 | 2019-12-17 |
| HARVEY, Russell Seth | Director | 2012-09-03 | 2019-12-17 |
| KRIJGER, Giles Jacobus | Director | 2012-02-08 | 2014-02-07 |
| LAMBERT, Robert Alexander | Director | 2012-09-03 | 2015-12-31 |
| MAXWELL, George Walter Mitchell | Director | 2009-09-28 | 2020-01-31 |
| NEILSON, Ewan Craig | Nominee Director | 2009-08-28 | 2009-09-28 |
| NJOKU, Chima Godwin | Director | 2019-12-18 | 2022-07-27 |
| NORRIS, Richard John Hugh | Director | 2014-09-15 | 2016-07-11 |
| O'CATHAIN, Brian John | Director | 2017-10-01 | 2019-12-17 |
| OBI, Henry Awele | Director | 2016-07-11 | 2019-12-17 |
| OKON, Effiong Udofia | Director | 2019-12-18 | 2020-11-16 |
| SERRA, Olivier Ruy | Director | 2016-05-01 | 2017-08-01 |
| STOUPNITZKY, Gregory Alexis | Director | 2015-12-31 | 2019-12-17 |
| TURCAN, Henry Arthur John | Director | 2015-01-01 | 2019-12-17 |
| WILSON, Harry | Director | 2010-05-26 | 2015-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Seplat Energy Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-12-17 | Active |
| Lombard Odier Asset Management (Europe) Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-12-27 | Ceased 2017-12-27 |
Filing timeline
Last 20 of 222 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-20 | AA | accounts | Accounts with accounts type full | |
| 2024-10-29 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-10-29 | SH20 | capital | Legacy | |
| 2024-10-29 | CAP-SS | insolvency | Legacy | |
| 2024-10-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2023-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full | |
| 2022-09-01 | AA | accounts | Accounts with accounts type full | |
| 2022-08-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-30 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-08-10 | 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
- 4
- Capital events
- 2
- 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.