TULLOW GROUP SERVICES LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have concluded that implementing a holistic refinancing by the middle of November 2025 or by May 2026 at the latest is outside the control of the Group. This is therefore a material uncertainty that may cast significant doubt over the Group and the Company's ability to continue as a going concern.

1. TULLOW GROUP SERVICES LIMITED 2006-01-26 → present
2. DMWSL 493 LIMITED 2005-12-21 → 2006-01-26

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

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have concluded that implementing a holistic refinancing by the middle of November 2025 or by May 2026 at the latest is outside the control of the Group. This is therefore a material uncertainty that may cast significant doubt over the Group and the Company's ability to continue as a going concern.”

Significant events

• “In June 2025, Tullow announced organisational changes due to the proposed sale of the non-core assets and therefore Tullow becoming a Ghana focused business with PLC activities. Due to there being more than 20 positions 'at risk' in the UK, the company was required to enter into collective consultation. Group collective consultation concluded in August 2025 and employees are expected to leave between August 2025 and year end. This is expected to result in a 28 per cent reduction in headcount, together with associated restructuring costs of £6.8 million. This is a non-adjusting event.”

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

Filings

5

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -2.4%

  £59,660,874 → £58,236,929

• Cash

  —

  Not reported

• Net assets

  +86.6%

  -£146,290,511 → -£19,606,575

• Employees

  +2.8%

  180 → 185

• Operating profit

  +16.7%

  -£62,999,040 → -£52,475,740

• Profit before tax

  +11.7%

  -£63,036,398 → -£55,671,476

• Wages

  -1.1%

  £35,936,235 → £35,558,009

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