REABOLD RESOURCES PLC

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ⚠

  Material uncertainty over going concern

  However, given that there is no guarantee that funding will be successfully raised, there is a risk that the group will not have sufficient financial resources to fund its short-term project funding requirements and therefore there exists a material uncertainty concerning the ability of the group and parent company to continue as a going concern.

1. REABOLD RESOURCES PLC 2012-12-20 → present
2. ADVENTIS GROUP PLC 1998-10-29 → 2012-12-20
3. OAKMONT GROUP LIMITED 1998-05-20 → 1998-10-29
4. REDDIN ASSOCIATES LIMITED 1998-04-08 → 1998-05-20

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

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, given that there is no guarantee that funding will be successfully raised, there is a risk that the group will not have sufficient financial resources to fund its short-term project funding requirements and therefore there exists a material uncertainty concerning the ability of the group and parent company to continue as a going concern.”

Group structure

1. REABOLD RESOURCES PLC · parent
   1. Reabold North Sea Limited 100% · England & Wales · Exploration and Evaluation
   2. Reabold Resourcing Limited 100% · England & Wales · Investment holding
   3. Gaelic Resources Limited 100% · Isle of Man · Investment.holding
   4. Reabold Southern North Sea Limited 100% · England & Wales · Exploration and Evaluation
   5. Reabold Investments UK Limited 100% · England & Wales · Investment holding
   6. Rathlin Energy (UK) Limited 59.5% · England & Wales · Exploration and Evaluation
   7. Danube Petroleum Limited 50.8% · England & Wales · Exploration and Evaluation
   8. LNEnergy Ltd 29.2% · England & Wales · Exploration and Evaluation

Significant events

• “Cash and cash equivalents up 15% at £6.2 million as at 31 December 2024, compared with £5.4 million as at 31 December 2023.”
• “Final tranche cash proceeds of £4.4 million for the sale of Corallian, received from Shell in January 2024.”
• “Increased interest in LNEnergy Limited ("LNEnergy") by 3.1% in 2024 taking interest to 29.2% at December 31, 2024.”
• “Execution of a non-binding Heads of Agreement between Gunvor International B.V. ("Gunvor") and LNEnergy for the purchase of Liquified Natural Gas ("LNG") by Gunvor from LNEnergy from the Colle Santo gas field.”
• “On 12 December 2024, Reabold announced that it had agreed to acquire 20.4% of the shares in Rathlin from Connaught Oil & Gas Limited ("Connaught") for a total cash consideration of £700,000. The transaction completed on 30 January 2025 taking Reabold's total shareholding in Rathlin to approximately 79.8% and its economic interest in PEDL183 to 69.9%.”
• “On 30 January 2025, Reabold completed its acquisition of 20.4% of the shares in Rathlin from Connaught for a total cash consideration of £700,000, taking Reabold's total shareholding in Rathlin to approximately 79.8% and its economic interest in West Newton to 69.9%.”
• “On 26 March 2025 Reabold announced that LNEnergy Ltd had entered into a binding purchase and sale agreement to acquire the entire outstanding issued share capital of LNEnergy S.r.l for a total deferred consideration of US$11m plus a 4% net profits interest. LNEnergy now holds a 100% interest in LN Energy S.r.l, the Italian company that has a 90% interest in, and is seeking regulatory approval for the development of the Colle Santo gas field in Italy.”
• “On 8 May 2025, Reabold announced it had converted £500,000 of outstanding convertible loan notes into 374 ordinary shares of LNEnergy Limited at an average price of £1,350 per share. Following this conversion, Reabold holds approximately 45.1% of LNE's enlarged share capital.”

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

Filings

4

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

  —

  Not reported

• Cash

  +15.4%

  £5,413,000 → £6,248,000

• Net assets

  -7.8%

  £42,174,000 → £38,869,000

• Employees

  0%

  4 → 4

• Operating profit

  +50.8%

  -£7,212,000 → -£3,551,000

• Profit before tax

  +52.7%

  -£7,194,000 → -£3,400,000

• Wages

  -5.2%

  £787,000 → £746,000

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