ITHACA ENERGY DEVELOPMENTS UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-12 (in 8mo)
Last made up 2025-12-29
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£12M
-0.7% vs 2023
Employees
0
Average over period
Profit before tax
£999K
+375.7% vs 2023
Name history
Renamed 1 time since incorporation
- ITHACA ENERGY DEVELOPMENTS UK LIMITED 2018-12-18 → present
- PETROFAC ENERGY DEVELOPMENTS UK LIMITED 2009-12-15 → 2018-12-18
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £20,991,105 | £3,408,451 | |
| Operating profit | -£362,491 | £999,259 | |
| Profit before tax | -£362,491 | £999,259 | |
| Net profit | £4,430,689 | -£88,955 | |
| Cash | — | — | |
| Total assets less current liabilities | -£7,547,813 | -£12,324,685 | |
| Net assets | -£12,235,730 | -£12,324,685 | |
| Equity | -£12,235,730 | -£12,324,685 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -1.7% | 29.3% | |
| Net margin | 21.1% | -2.6% | |
| Return on capital employed | 4.8% | -8.1% | |
| Gearing (liabilities / total assets) | 201.3% | 225.4% | |
| Current ratio | 0.05x | — | |
| Interest cover | -4.94x | 5.27x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is in a net current liability position of $29,885k. The Directors have obtained confirmation from Ithaca Energy plc that it will provide the necessary support to enable the Company to meet its obligations as they fall due. This confirmation is valid until 31 December 2026.”
Significant events
- “On 25 March 2024 the North Sea Transition Authority ("NSTA") approved the transfer of the Company's 20% equity in the Abigail asset to Ithaca SP E&P Limited.”
- “During 2024, the Company's assets were transferred to fellow group companies and this is shown as discontinued operations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2018-12-11 | — | — |
| FRIEDMAN, Yaniv | Director | 2024-07-01 | Apr 1974 | Israeli |
| LEWIS, Iain Clifford Scobbie | Director | 2022-09-01 | Dec 1977 | British |
| MCATEER, Julie Elizabeth | Director | 2024-05-27 | Mar 1969 | British |
| VASQUES, Luciano Maria | Director | 2024-10-03 | Apr 1963 | Italian |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRUCE, Alan Alexander | Director | 2022-09-01 | 2024-01-04 |
| CAIGER, Robin James | Director | 2009-12-15 | 2012-09-27 |
| COLLARD, Jamie Macrae | Director | 2016-09-29 | 2018-09-24 |
| CRAWFORD, David Andrew | Director | 2021-02-01 | 2022-09-01 |
| DE LARRAZABAL, Jeanne-Marie Marie | Director | 2009-12-15 | 2018-12-11 |
| DUNNETT, Bill | Director | 2020-08-24 | 2021-09-14 |
| FORBES, Graham Andrew | Director | 2018-12-11 | 2021-01-31 |
| GRAHAM, Gavin Mcdonald, Dr | Director | 2010-03-26 | 2015-05-29 |
| JEWKES, Robert John | Director | 2009-12-15 | 2018-12-11 |
| MYERSON, Gilad | Director | 2021-06-14 | 2024-05-27 |
| THOMAS, Leslie James | Director | 2018-12-11 | 2020-08-24 |
| THOMPSON, Carl William | Director | 2012-09-27 | 2016-09-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ithaca Energy (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-11 | Active |
| Petrofac Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-12-11 |
Filing timeline
Last 20 of 81 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-07 | AA | accounts | Accounts with accounts type full | |
| 2025-08-01 | CH01 | officers | Change person director company with change date | |
| 2025-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-19 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2024-11-19 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2024-10-29 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-10-20 | CH01 | officers | Change person director company with change date | |
| 2024-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-01 | AA | accounts | Accounts with accounts type full | |
| 2024-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-02 | AA | accounts | Accounts with accounts type full | |
| 2023-12-07 | CH01 | officers | Change person director company with change date | |
| 2023-07-24 | AA | accounts | Accounts with accounts type full | |
| 2023-06-21 | CH01 | officers | Change person director company with change date | |
| 2023-06-01 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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 2024-12-31 vs 2023-12-31
-
Turnover
-83.8%
£20,991,105 £3,408,451
-
Cash
—
Not reported
-
Net assets
-0.7%
-£12,235,730 -£12,324,685
-
Employees
—
Not reported
-
Operating profit
+375.7%
-£362,491 £999,259
-
Profit before tax
+375.7%
-£362,491 £999,259
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