WALDORF CNS (II) LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-09-30.

• ⚠

  Material uncertainty over going concern

  The Directors concluded that it is appropriate to adopt the going concern basis of preparation, noting that two material uncertainties were identified in their assessment, which include a number of events which are outside of the control of the Board.

• ◆

  Audit opinion: Disclaimer of opinion

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

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. WALDORF CNS (II) LIMITED 2022-11-16 → present
2. MOLGROWEST (II) LIMITED 2014-03-28 → 2022-11-16
3. WINTERSHALL (E&P) LIMITED 2009-05-28 → 2014-03-28
4. REVUS ENERGY (E&P) LIMITED 2008-03-28 → 2009-05-28
5. PALACE EXPLORATION COMPANY (E&P) LIMITED 2005-10-10 → 2008-03-28
6. WALTER UK E&P LIMITED 2003-10-06 → 2005-10-10

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

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“The Directors concluded that it is appropriate to adopt the going concern basis of preparation, noting that two material uncertainties were identified in their assessment, which include a number of events which are outside of the control of the Board.”

Significant events

• “On 2 March 2023, an affiliate of the Company, Waldorf Energy Finance PLC, successfully issued a $150 million 3 year senior secured amortising bond issue with a coupon of 12%, with net proceeds being used to support the financing requirements of the Group.”
• “On 11 December 2025, the WEPL Administrators and the WPL Administrators entered into a share sale and purchase agreement (the "SPA") with Chrysaor Holdings Limited (the "Purchaser"), an affiliate of Harbour Energy pic regarding the sale of the subsidiaries of WEPL and WPL (excluding WEF and WEPL and WPL themselves) (the "Target Group"), including Waldorf CNS II Limited (the "Sale").”
• “On 30 October 2024, it was announced that the rate of the Energy Profits Levy would increase to 38% from 1 November 2024, the period for which the levy applies would be extended to 31 March 2030, and investment allowances previously available would be removed.”

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

1

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -41.9%

  £58,401,038 → £33,925,130

• Cash

  +1,113.6%

  £298,740 → £3,625,649

• Net assets

  -31%

  £19,751,668 → £13,621,942

• Employees

  —

  Not reported

• Operating profit

  -110.7%

  £37,250,556 → -£3,977,761

• Profit before tax

  -111.4%

  £37,334,322 → -£4,252,780

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