SOUND ENERGY PLC

• ⚠

  Material uncertainty over going concern

  As detailed in note 1 on page 71, the Company's cash flow forecasts, for the next twelve-month period to April 2026, indicate that additional funding will be required to enable the Company to continue to meet its obligations. This condition indicates the existence of a material uncertainty regarding the Company's ability to continue as a going concern.

1. SOUND ENERGY PLC 2015-09-30 → present
2. SOUND OIL PLC 2005-01-27 → 2015-09-30

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

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As detailed in note 1 on page 71, the Company's cash flow forecasts, for the next twelve-month period to April 2026, indicate that additional funding will be required to enable the Company to continue to meet its obligations. This condition indicates the existence of a material uncertainty regarding the Company's ability to continue as a going concern.”

Group structure

1. SOUND ENERGY PLC · parent
   1. Sound Oil International Limited 100% · British Virgin Isles · Holding Company
   2. Sound Oil (Asia) Limited 100% · British Virgin Isles · Holding Company
   3. Arran Energy Holdings Limited 100% · British Virgin Isles · Exploration Company
   4. Mitra Energia Citarum Limited* 100% · Mauritius · Exploration Company
   5. Sound Energy Sustainables Limited 100% · UK · Renewable Energy
   6. Sound Energy Morocco South Limited 100% · UK · Exploration Company
   7. Sound Energy Meridja Limited 100% · UK · Exploration and Development Company
   8. Sound Energy New Ventures Limited 100% · UK · Dormant

Significant events

• “2024 ended with the closure of a transformational transaction for Sound Energy PLC in which its subsidiary, Sound Energy Morocco East Limited (SEME), was sold to Managem SA.”
• “In August, we announced a small working capital bridge facility from 2i Partners which was available whilst the Managem transaction was closing. This facility was not fully utilised, and the amounts drawn down were repaid in December 2024, along with accrued interest.”
• “During the year, the Company issued 117.5 million new ordinary shares (under its previous authorities) to settle 2023 Convertible loan note obligations. At year end, accrued interest of £568,800 was outstanding.”
• “In October 2024 we unfortunately had a Lost Time Incident occur when a contractor jumped from an uncertified scaffold causing a fracture to his lower leg.”

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

Filings

13

last 12 months

Capital events

5

last 24 months

Officers appointed

1

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

  +161.8%

  £3,016,000 → £7,895,000

• Net assets

  -89.8%

  £166,708,000 → £17,017,000

• Employees

  0%

  13 → 13

• Operating profit

  -5,388.9%

  -£2,307,000 → -£126,628,000

• Profit before tax

  -1,736.7%

  -£6,894,000 → -£126,624,000

• Wages

  +107.5%

  £1,143,000 → £2,372,000

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