HERITAGE OIL (UK) LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-09-30.

• ⚠

  Confirmation statement overdue

  Due 2026-02-25.

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over their ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Group structure

1. HERITAGE OIL (UK) LIMITED · parent
   1. Heritage Oil Corporation
   2. Heritage Oil & Gas Limited
   3. Heritage Oil Holdings Limited
   4. Eagle Drill Limited
   5. Heritage Oil International Malta Limited
   6. 1381890 Alberta ULC
   7. Heritage Oil Cooperatief U.A
   8. Heritage Tanzania Kisangire Limited
   9. Heritage Rukwa (TZ) Limited
   10. Heritage Oil SNR (Nigeria) B.V.
   11. Heritage Energy Operational Services Limited
   12. Heritage Exploration and Production Ghana Limited
   13. Heritage PNG 486 Limited
   14. Heritage PNG 13 Limited
   15. Heritage Niugini Limited
   16. Heritage PNG 437 Limited

Significant events

• “In January 2022, the OSWT licence received an extension until the end of September 2022 and in October 2022, an extension until the end of September 2023 was granted. In November 2023, a further extension was received for a period until 28 March 2024. In January 2024 a further extension was received until 30 September 2024 and in July 2024 an additional extension until 31 March 2025 was granted to complete the work commitment for the OSWT joint venture consisting of drilling one exploration well.”
• “On 4th March 2025, Shoreline entered into a new financing facility with a new lender for a total draw down available of up to $500 million. The new facility will be utilised to repay the existing senior secured loan facility balance, to fund Shoreline's share of the capital expenditure programme for OML 30 and to provide working capital support to Shoreline. This new facility has a term of seven years from first drawdown, with an initial grace period of three years following which the loan will be repaid in 16 equal quarterly payments.”

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

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +1,940.6%

  £1,898,443 → £38,740,549

• Net assets

  -185.9%

  £40,268,347 → -£34,575,982

• Employees

  +3%

  167 → 172

• Operating profit

  -134.5%

  £35,154,188 → -£12,142,328

• Profit before tax

  -473.8%

  £19,851,001 → -£74,212,750

• Wages

  +3.6%

  £10,548,554 → £10,926,612

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