SONATRACH GAS MARKETING UK LIMITED

• ◆

  3 officer resignations in last 12 months

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

1. SONATRACH GAS MARKETING UK LIMITED 2006-09-28 → present
2. SONATRACH GAS MARKETING UK LTD 2005-12-07 → 2006-09-28

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

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Mercer & Hole LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Therefore, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”

Significant events

• “Effective 1 January 2009, Sonatrach SpA assigned its capacity rights at the Isle of Grain terminal to the company, pursuant to a new Master Agreement and the Berthing Slot Reservation Agreement, both of which were executed on 30 December 2008. These agreements allow the company to buy LNG instead of natural gas from Sonatrach SpA and develop purchases from other suppliers (ex-ship and from tank).”
• “In anticipation of the expiry of its first two 20-year long-contracts with Grain LNG, the first in July 2025 which is shared with BP and the second in December 2028, Sonatrach was delighted to maintain and strengthen its position as a long-term partner of Grain LNG and as a substantial contributor to the UK gas supply by entering into a new 10-year contract following its election as part of the Auction launched by Grain LNG in September 2023.”
• “Furthermore, this significant new contractual capacity of 125 GWh/d (equivalent to 3 million tons of LNG per year) will allow Sonatrach and consequently SGM UK to access the largest and most versatile LNG import terminal in Europe and will undoubtedly offer it promising prospects in the pursuit of its activities and their development over the coming decades.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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

  —

  Not reported

• Cash

  -5.7%

  £162,121,457 → £152,837,802

• Net assets

  -4.5%

  £209,052,428 → £199,606,997

• Employees

  0%

  6 → 6

• Profit before tax

  -55.6%

  £61,205,012 → £27,172,132

• Wages

  -5.5%

  £986,624 → £931,927

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers