PERENCO UK LIMITED

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As of 31 December 2024, the Group had cash of £0.5m and a short-term inter-company receivable of £540m which represents a cash sweep mechanism repayable on demand. The management is not aware of any reasons or circumstances by which this receivable will not be available to the Group in the foreseeable future. The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of the financial statements. The main risks in terms of going concern would be the commodity prices risk, operational risks and regulatory impact on production and costs. Such forecasts include several sensitivities regarding impacts of gas and oil prices, together with potential disruptions to expected production volumes. To manage the commodity price risk, the Group is planning its activity and its investment based on prices of 40p/th for the gas and $40/bbl for oil to prepare the resilience of the business in a lower price environment. Based on these forecasts, the directors have at the time of approving the financial statements, a reasonable expectation that the Group has adequate resources to continue in operational existence for the 12 months from the date of approval of the financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. PERENCO UK LIMITED · parent
   1. Perenco Gas (UK) Limited 100% · England · Upstream Gas Company
   2. Perenco North Sea Limited 100% · England · Upstream Gas Company

Significant events

• “On 10th April 2025, the directors of Perenco North Sea Ltd agreed to cancel the share premium account in its entirety and crediting it to its distributable reserves.”
• “On 30th June 2025, Perenco UK Limited has agreed to finance Dixstone Netherland N.V., an affiliate of Perenco UK Limited. Dixstone Netherland N.V. have the facility to drawdown up to 150 million United States Dollars to finance its capex construction and acquisitions.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -13.5%

  £894,813,000 → £773,624,000

• Cash

  +83.7%

  £252,000 → £463,000

• Net assets

  -13.6%

  £285,042,000 → £246,383,000

• Employees

  -5.1%

  749 → 711

• Operating profit

  -46.9%

  £477,330,000 → £253,451,000

• Profit before tax

  -46.2%

  £475,486,000 → £255,741,000

• Wages

  -0.9%

  £68,551,000 → £67,938,000

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