ITHACA ENERGY (NORTH SEA) PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-06 (in 1y)
Last made up 2026-04-22
Watchouts
Cash
—
Latest balance sheet
Net assets
-£65M
USD -87,608,000
-21.6% vs 2023
Employees
—
Average over period
Profit before tax
-£12M
USD -15,561,000
-936.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£84,473 | £2,137,998 | |
| Profit before tax | -£1,122,075 | -£11,632,653 | |
| Net profit | -£1,122,075 | -£11,632,653 | |
| Cash | — | — | |
| Total assets less current liabilities | £410,610,750 | £482,389,175 | |
| Net assets | -£53,858,862 | -£65,491,515 | |
| Equity | -£53,858,862 | -£65,491,515 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-21.6%
-£53,858,862 -£65,491,515
-
Employees
—
Not reported
-
Operating profit
+2,631%
-£84,473 £2,137,998
-
Profit before tax
-936.7%
-£1,122,075 -£11,632,653
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -0.0% | 0.4% | |
| Gearing (liabilities / total assets) | 111.7% | 111.7% | |
| Interest cover | -0.00x | 0.04x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on their assessment of the Group's financial position to the period 30 June 2026, the Company's Directors believe that the Group will be able to continue in operational existence and provide any necessary financial support to the Company for the 12 months from the date of signing. Accordingly, they continue to adopt the going concern basis of accounting in preparing the Company's financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2018-04-23 | — | — |
| FRIEDMAN, Yaniv | Director | 2024-07-01 | Apr 1974 | Israeli |
| LEWIS, Iain Clifford Scobbie | Director | 2022-09-01 | Dec 1977 | British |
| MCATEER, Julie Elizabeth | Director | 2024-05-27 | Mar 1969 | British |
| VASQUES, Luciano Maria | Director | 2024-10-03 | Apr 1963 | Italian |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRUCE, Alan Alexander | Director | 2022-09-01 | 2024-01-04 |
| CRAWFORD, David Andrew | Director | 2021-02-01 | 2022-09-01 |
| DUNNETT, Bill | Director | 2020-08-24 | 2021-09-14 |
| FORBES, Graham Andrew | Director | 2018-04-23 | 2021-01-31 |
| MYERSON, Gilad | Director | 2021-06-14 | 2024-05-27 |
| THOMAS, Leslie James | Director | 2018-04-23 | 2020-08-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ithaca Energy Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-03 | Active |
| Delek Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-23 | Ceased 2024-10-03 |
Filing timeline
Last 20 of 46 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-01 | CH01 | officers | Change person director company with change date | |
| 2025-05-22 | AA | accounts | Accounts with accounts type full | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-02-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-24 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-18 | CH01 | officers | Change person director company with change date | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-07 | CH01 | officers | Change person director company with change date | |
| 2023-07-05 | AA | accounts | Accounts with accounts type full | |
| 2023-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-20 | CH01 | officers | Change person director company with change date | |
| 2023-05-31 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.