LIBYA OIL SUDAN LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

1. LIBYA OIL SUDAN LIMITED 2008-12-10 → present
2. SHELL COMPANY OF THE SUDAN,LIMITED(THE) 1924-12-06 → 2008-12-10

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Parker Russell UK LLP

Audit opinion

Qualified

Going concern

Affirmed

“The Director has undertaken a comprehensive review of the Company's financial position and liquidity needs for the period up to 31 December 2026, using financial forecasts that reflect the Company's expected performance and cash flow requirements. Despite this analysis, the Director has concluded that, in the absence of further mitigating actions, the forecasts alone do not provide sufficient assurance of liquidity headroom over the going concern period, particularly when considering plausible downside scenarios such as adverse economic conditions or operational disruptions. Given the uncertainty surrounding the Company's liquidity position, the Director sought written confirmation from the ultimate parent undertaking, OLA Energy Holdings ("OEHL"), regarding OEHL's intention and ability to provide the necessary financial support to enable the Company to meet its liabilities as they fall due during the going concern period up to 31 December 2026.”

Significant events

• “War broke out in the Sudanese capital, Khartoum, in mid-April 2023 between the Sudanese army and its Rapid Support Forces. This led to the cessation of fuel supplies in the conflict zone.”

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

Filings

6

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.

• Turnover

  +3.5%

  £65,401,038 → £67,665,678

• Cash

  -6.4%

  £8,622,683 → £8,073,388

• Net assets

  +32.5%

  £4,381,764 → £5,807,265

• Employees

  -3.9%

  51 → 49

• Operating profit

  +279.9%

  -£1,948,110 → £3,505,560

• Profit before tax

  +349.5%

  -£1,358,784 → £3,390,660

• Wages

  -45.9%

  £953,299 → £515,938

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