WALDORF PRODUCTION UK PLC

• ⚠

  Annual accounts overdue

  Due 2025-06-30.

• ⚠

  Material uncertainty over going concern

  Directors identified two material uncertainties that cast significant doubt on the Waldorf Group's ability to continue as a going concern for the year ended 31 Dec 2023. These relate to: 1) successful implementation of the sale and satisfaction of conditions precedent; 2) availability of financial support from the Purchaser post completion of the sale.

• ◆

  Audit opinion: Disclaimer of opinion

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

• ◆

  4 officer resignations in last 12 months

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

1. WALDORF PRODUCTION UK PLC 2022-04-12 → present
2. WALDORF PRODUCTION UK LIMITED 2019-11-29 → 2022-04-12
3. ENDEAVOUR ENERGY UK LIMITED 2004-01-30 → 2019-11-29

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

Ernst & Young LLP

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“Directors identified two material uncertainties that cast significant doubt on the Waldorf Group's ability to continue as a going concern for the year ended 31 Dec 2023. These relate to: 1) successful implementation of the sale and satisfaction of conditions precedent; 2) availability of financial support from the Purchaser post completion of the sale.”

Group structure

1. WALDORF PRODUCTION UK PLC · parent
   1. Waldorf Real Estate Limited 100% · UK · Rental of office space

Significant events

• “On 1st July 2023, the Company disposed of 0.96% of its 2.422% equity stake in the Bittern field, to a fellow Waldorf Group Company, Waldorf Petroleum Resources Limited, which resulted in a $3 million gain on sale.”
• “On 19th December 2023, the Company entered into a sales agreement with Capricorn Energy Plc for settlement of earn-out consideration related to previous acquisition of Catcher and Kraken fields, resulting in a $29 million gain.”
• “Pursuant to a sale and purchase agreement dated 19 December 2023 ('Columbus SPA'), WPUK agreed to sell its entire equity interest in the Columbus field to Capricorn Energy UK Limited. However, conditions were not satisfied and the SPA terminated, with WPUK retaining the equity interest.”
• “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.”
• “In June 2024, Waldorf Energy Partners Limited and Waldorf Production Limited, the Company's parent companies, entered into administration.”
• “In February 2025, Waldorf Production UK plc issued a practice statement letter in connection with a proposed financial restructuring of WPUK and its subsidiaries.”
• “On 11 December 2025, the WEPL Administrators and the WPL Administrators entered into a share sale and purchase agreement with Chrysaor Holdings Limited regarding the sale of the subsidiaries of WEPL and WPL, including this entity.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  -31.7%

  £400,115,641 → £273,209,785

• Cash

  -51.2%

  £63,246,850 → £30,886,583

• Net assets

  -53.7%

  -£268,429,207 → -£412,540,400

• Employees

  +50%

  18 → 27

• Operating profit

  +78.2%

  -£218,290,586 → -£47,663,454

• Profit before tax

  +58.1%

  -£285,413,640 → -£119,654,559

• Wages

  +30.5%

  £3,753,150 → £4,896,219

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