ELAND OIL & GAS LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£70M
USD 92,540,000
+1,598.3% vs 2023
Profit before tax
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £4,498,985 | £4,455,386 | -1% | |
| Operating profit | £3,478,915 | £8,812,298 | +153.3% | |
| Profit before tax | £4,096,069 | £69,563,256 | +1,598.3% | |
| Net profit | £4,262,948 | £69,833,120 | +1,538.1% | |
| Cash | — | — | — | |
| Total assets less current liabilities | — | — | — | |
| Net assets | — | — | — | |
| Equity | — | — | — | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
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 |
|---|---|---|---|
| Operating margin | 77.3% | 197.8% | |
| Net margin | 94.8% | — |
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
“As part of the Company's Going Concern assessment, the Directors of the Company have received a letter of support in the form of a formal written confirmation from the Group Parent Company that it intends to provide any financial support necessary to enable the Company to operate as a going concern and to meet its financial obligations for at least 12 months after these financial statements are approved.”
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%
Significant events
- “The market outlook had improved during 2024, predominantly due to an increase in oil and gas prices. An increased focus on energy security is anticipated to drive investments across energy sources, including traditional oil and gas markets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STRONACHS SECRETARIES LIMITED | Corporate Secretary | 2020-09-11 | — | — |
| BROWN, Roger Thompson | Director | 2019-12-18 | Feb 1970 | British |
| UDEH, Pius Ozoemenam | Director | 2022-07-27 | May 1967 | Nigerian |
Show 23 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 |
| 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 218 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2021-07-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 2
- 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.