PHOENIX GLOBAL RESOURCES LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-05-05 (in 1y)
Last made up 2026-04-21
Watchouts
None on the register
Cash
£9M
Latest balance sheet
Net assets
-£56M
Equity attributable
Employees
82
Average over period
Profit before tax
-£60M
Period ending 2024-09-30
Name history
Renamed 4 times since incorporation
- PHOENIX GLOBAL RESOURCES LIMITED 2022-09-26 → present
- PHOENIX GLOBAL RESOURCES PLC 2017-08-09 → 2022-09-26
- ANDES ENERGIA PLC 2007-10-01 → 2017-08-09
- RAGUSA CAPITAL PLC 2004-06-22 → 2007-10-01
- JETNIGHT PUBLIC LIMITED COMPANY 2004-03-25 → 2004-06-22
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £122,812,454 | £267,636,768 | |
| Operating profit | £17,630,838 | -£31,082,283 | |
| Profit before tax | £3,976,279 | -£60,207,561 | |
| Net profit | -£15,010,378 | -£25,934,025 | |
| Cash | £19,147,517 | £8,690,141 | |
| Total assets less current liabilities | £11,841,364 | -£45,872,498 | |
| Net assets | -£30,536,694 | -£56,470,719 | |
| Equity | -£30,536,694 | -£56,470,719 | |
| Average employees | 77 | 82 | |
| Wages | £8,849,518 | £10,801,334 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | 14.4% | -11.6% | |
| Net margin | -12.2% | -9.7% | |
| Return on capital employed | 148.9% | 67.8% | |
| Gearing (liabilities / total assets) | 106.0% | 110.3% | |
| Current ratio | 0.21x | 0.51x | |
| Interest cover | 0.35x | -0.60x |
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.
Audit & accounting basis
- Accounting basis
- UK adopted international accounting standards
- Reporting scope
- Consolidated group
- Auditor
- HGA Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Mercuria has also, indicated, through a letter of comfort, which is not legally binding, its intention not to demand repayment of the existing loans for the period to 30 June 2026. The board believes that the Group and Company can continue as a going concern for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis for accounting in preparing these financial statements.”
Group structure
- PHOENIX GLOBAL RESOURCES LIMITED · parent
- PGR Operating LLC 100%
- AEN Energy Holdings S.P.C. 100%
- AEN Energy Cayman Islands Ltd 100%
- AEN Netherlands Cooperatief U.A. 100%
- Trefoil Holdings B.V. 100%
- Upstream Latino America S.A. 99.96%
- Trefoil (Switzerland) S.A. 100%
- Petrolera El Trebol S.A. 100%
- MSO Andes Energia S.A.U. 100%
- Andes Oil S.A.U. 100%
- Andes Oil and Gas S.A.U. 100%
- AEN Energy Mendoza S.A. 100%
- AEN Energy Argentina S.A. 100%
- Patagonia Oil & Gas S.A 100%
- Integra Investment S.A. 100%
Significant events
- “In 2023, the economic situation in Argentina deteriorated significantly with inflation over 200% and currency devaluation over 350%.”
- “Javier Milei was sworn in as president on 10 December 2023 and stated his commitment to a program of deep spending cuts to eliminate the historical deficit.”
- “Market confidence in Argentina has increased under Milei and Argentina's country risk has fallen from more than 2,500 basis points this time last year to below 1,000 basis points, levels not seen since Macri's presidency more than 4 years ago.”
- “During the period, the Group has made significant progress in the development of its unconventional assets with 14 new wells put on production at Mata Mora with results better than expected.”
- “During the period, the Group completed the sale of its interests in its licence Cajon de los Caballos and accepted an offer to acquire its 17% non-operated interest in Rio Cullen Las Violetas licences, as part of the Group's portfolio optimisation policy.”
- “In May 2024 the Company signed an asset purchase agreement with Geopark Limited ("GeoPark"), for the acquisition by GeoPark, subject to closing, of a non-operated 45% working interest in Mata Mora North, Mata Mora South and a non-operated 50% working interest in Confluencia North and Confluencia South.”
- “As a result of this assessment an impairment charge of US$144.1 million has been recognised in the financial statements with the goodwill of US$3.8 million being fully impaired.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MACULUS, Alex | Secretary | 2025-01-21 | — | — |
| BACHMANN, Martin | Director | 2019-09-01 | Apr 1959 | Swiss |
| HUERGO, Ricardo Nicolas Mallo | Director | 2007-10-02 | Dec 1969 | Argentine |
| RAKE, Michael Derek Vaughan, Sir | Director | 2016-09-19 | Jan 1948 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUXBURY, Nigel John | Secretary | 2004-04-07 | 2024-12-31 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2004-03-25 | 2004-04-07 |
| ALVAREZ, Javier Francisco | Director | 2012-07-16 | 2020-06-30 |
| ALVAREZ POLI PETRUNGARO, Luis Enrique | Director | 2007-10-02 | 2012-07-16 |
| BENTLEY, John William Sharp | Director | 2017-08-10 | 2022-09-15 |
| BERENDS, Rudolph | Director | 2012-07-16 | 2013-08-21 |
| BLEASDALE, Neil Arthur | Director | 2007-10-02 | 2012-07-16 |
| CARBONE, Carlos Leandro | Director | 2012-07-16 | 2013-04-16 |
| COMBA, Marcelo Alberto | Director | 2007-10-02 | 2012-07-16 |
| DENNEHY, Kevin Thomas | Director | 2018-10-01 | 2020-05-21 |
| DUXBURY, Nigel John | Director | 2004-04-07 | 2017-08-10 |
| ESTEBAN, Juan Carlos | Director | 2009-06-24 | 2017-08-10 |
| HARRINGTON, Timothy William | Director | 2018-11-14 | 2022-09-15 |
| JACKSON, David Clifford | Director | 2012-07-16 | 2020-06-30 |
| JAEGGI, Daniel | Director | 2018-11-14 | 2022-03-17 |
| JOTAYAN, Alejandro Oscar | Director | 2013-04-16 | 2017-03-30 |
| LANDI, Carolina Maria | Director | 2012-07-16 | 2017-08-10 |
| MERCHANT, Paul Alexander | Director | 2004-04-07 | 2007-10-02 |
| MILANDRI, Matthieu Etienne | Director | 2013-08-21 | 2019-01-31 |
| O'NEILL, Lance Adrian | Director | 2004-04-07 | 2007-10-02 |
| RANFTL MORENO, German Federico | Director | 2012-07-16 | 2017-08-10 |
| SHARMA, Anuj Kumar | Director | 2017-08-10 | 2019-04-23 |
| SHENOUDA, Magid Nabil | Director | 2022-03-17 | 2024-03-01 |
| SODEN, Garrett Douglas | Director | 2017-08-10 | 2019-09-12 |
| STARK, Alan George William | Director | 2013-04-16 | 2014-03-18 |
| STEVENS, Michael Winston | Director | 2007-10-02 | 2008-10-27 |
| VERMERSCH, Guillaume Jean Roger | Director | 2017-08-10 | 2018-11-14 |
| WILLS, Keith Robert | Director | 2006-06-01 | 2009-10-02 |
| WOLFE, Philip Edward Charles | Director | 2017-08-10 | 2018-10-01 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2004-03-25 | 2004-04-07 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Director | 2004-03-25 | 2004-04-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Magid Nabil Shenouda | Individual | Voting 50–75%, Appoints directors | 2023-08-01 | Ceased 2024-03-01 |
| Mr Marco Jean Domenico Guido William Constantin Dunand | Individual | Voting 50–75%, Appoints directors | 2023-08-01 | Active |
| Mr Daniel Jaeggi | Individual | Voting 50–75%, Appoints directors | 2023-08-01 | Active |
Filing timeline
Last 20 of 265 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-09-26 CERT10 Certificate re registration public limited company to private
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-28 | AD02 | address | Change sail address company with old address new address | |
| 2025-05-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-09 | AA | accounts | Accounts with accounts type group | |
| 2025-01-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-16 | AA | accounts | Accounts with accounts type group | |
| 2024-07-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-08 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-01-04 | AA | accounts | Accounts with accounts type group | |
| 2023-08-02 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-02 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-02 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-02 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-05-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-26 | CERT10 | change-of-name | Certificate re registration public limited company to private |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30