SULAWESI LNG DEVELOPMENT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-26 (in 9mo)
Last made up 2026-02-12
Watchouts
None on the register
Cash
£368K
+11% vs 2023
Net assets
£420M
-10.9% vs 2023
Employees
0
Average over period
Profit before tax
£83M
+9.6% vs 2023
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 | — | — | |
| Operating profit | -£175,785 | -£191,532 | |
| Profit before tax | £75,302,178 | £82,541,165 | |
| Net profit | £66,301,265 | £74,313,843 | |
| Cash | £331,476 | £367,911 | |
| Total assets less current liabilities | — | — | |
| Net assets | £471,674,664 | £420,421,597 | |
| Equity | £471,674,664 | £420,421,597 | |
| Average employees | 0 | 0 | |
| Wages | £0 | £0 |
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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 1.6% | 2.0% | |
| Current ratio | 4.07x | 3.94x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries and taking into consideration the forecasts of both the Company and its direct and indirect investments, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “Subsequent to the period end, the company received a net dividend of $100 million on 12 June 2025 from DSLNG.”
- “On 18 June 2025, a resolution that the company's share capital be reduced by canceling and extinguishing 169,924 Ordinary shares of $100 each and be repaid on a pro rata basis of $12.7 million to Mitsubishi Corporation and $4.3 million to Korea Gas Corporation was passed.”
- “On 25 June 2025, the company declared the interim dividend of $83.1 million, to be paid on prorate basis of $62.3 million to Mitsubishi Corporation and $20.8 million to Korea Gas Corporation.”
- “Payments in respect of the dividend and the capital reduction were made on 27 June 2025 to Mitsubishi Corporation and Korea Gas Corporation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 53 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KIM, Gilhoun, Mr. | Director | 2025-07-03 | Oct 1976 | South Korean |
| TAKISHIMA, Shinobu, Mr. | Director | 2025-04-01 | Apr 1973 | Japanese |
| YAMAMOTO, Keita, Mr. | Director | 2025-04-01 | Dec 1982 | Japanese |
Show 53 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AIZAWA, Minoru | Director | 2011-01-24 | 2011-04-01 |
| AN, Jun Young, Mr. | Director | 2022-09-22 | 2023-03-02 |
| BABA, Juro, Director | Director | 2017-02-01 | 2019-03-01 |
| CHO, Byeong Soo, Mr. | Director | 2023-03-02 | 2024-07-01 |
| HAMADA, Shunsuke, Mr. | Director | 2023-03-10 | 2025-04-01 |
| HASEGAWA, Fuminori | Director | 2017-04-01 | 2019-03-01 |
| HEO, Younkyeng, Ms. | Director | 2020-04-03 | 2020-08-31 |
| HIDAKA, Yusuke, Mr. | Director | 2014-06-16 | 2015-02-01 |
| HIRANO, Hajime | Director | 2013-04-01 | 2014-04-01 |
| HOZUMI, Atsushi, Mr. | Director | 2019-03-01 | 2021-04-26 |
| HWANG, Euisang | Director | 2020-01-01 | 2020-08-31 |
| HYAKKOKU, Hiroto | Director | 2018-07-01 | 2020-01-20 |
| ISEDA, Junichi | Director | 2012-06-08 | 2013-04-01 |
| JEONG, Bonghun | Director | 2020-08-31 | 2021-04-26 |
| JEONG, Soo Nam, Mr. | Director | 2015-08-17 | 2018-02-26 |
| JUNG, Jae Ho, Director | Director | 2017-01-01 | 2018-02-26 |
| KAWAMURA, Daishi, Mr. | Director | 2019-03-01 | 2021-04-26 |
| KIM, Dong Beom | Director | 2021-02-16 | 2022-09-21 |
| KIM, Hong Dae, Mr. | Director | 2022-09-22 | 2023-03-02 |
| KIM, In Kee, Mr. | Director | 2018-02-26 | 2019-02-18 |
| KIM, Kwanwoo, Mr. | Director | 2021-04-26 | 2022-09-21 |
| KIM, Seong Soo | Director | 2012-02-10 | 2013-02-01 |
| KOIZUMI, Kohei, Mr. | Director | 2022-09-22 | 2023-11-10 |
| KONZO, Takuji | Director | 2010-02-12 | 2011-01-24 |
| KUWABARA, Tetsuro | Director | 2011-09-09 | 2012-06-08 |
| KWON, Young-Sik | Director | 2012-12-15 | 2014-03-01 |
| KWON TAEK, Oh | Director | 2020-08-31 | 2021-02-16 |
| LEE, Haksoo, Mr. | Director | 2023-03-02 | 2025-07-03 |
| LEE, Keum Woo, Mr. | Director | 2018-02-26 | 2019-12-31 |
| LIM, Jong-Kook | Director | 2014-03-01 | 2015-08-17 |
| MAENG, Jooho, Mr. | Director | 2011-02-14 | 2012-02-10 |
| MASUI, Reona, Mr. | Director | 2022-09-22 | 2024-07-01 |
| MURAKAMI, Tetsuya, Mr. | Director | 2023-11-10 | 2024-07-01 |
| MURAOKA, Hideya, Mr. | Director | 2020-11-06 | 2022-09-21 |
| NISHIMURA, Tomomasa | Director | 2013-04-01 | 2017-02-01 |
| NOGUCHI, Wataru, Director | Director | 2017-03-13 | 2020-04-02 |
| OKABE, Michihiko | Director | 2012-06-08 | 2014-06-16 |
| OKAZAKI, Isao, Mr. | Director | 2015-02-01 | 2017-03-13 |
| OKUMURA, Ryosuke, Mr. | Director | 2024-07-01 | 2025-04-01 |
| PARK, Young-Sung | Director | 2011-09-09 | 2012-12-15 |
| SAKUTA, Junki, Mr. | Director | 2021-04-26 | 2022-09-21 |
| SATO, Ryuji | Director | 2011-09-09 | 2016-06-30 |
| SHIMURA, Takanobu, Mr. | Director | 2016-06-30 | 2018-07-01 |
| SHIMURA, Takanobu | Director | 2010-02-12 | 2013-04-01 |
| SHIOMOTO, Yohei | Director | 2011-04-01 | 2012-06-08 |
| SON, Byung Chul, Mr. | Director | 2013-02-01 | 2015-08-17 |
| WADA, Koichi | Director | 2014-04-01 | 2017-04-01 |
| WATANABE, Hitoshi, Mr. | Director | 2020-04-03 | 2020-11-06 |
| YAGIUCHI, Sumito | Director | 2020-01-21 | 2024-07-01 |
| YAMADA, Kota, Mr. | Director | 2021-04-26 | 2023-03-10 |
| YOON, Byung Cheol, Mr. | Director | 2015-08-17 | 2017-01-01 |
| YOSHIDA, Takeshi | Director | 2010-02-12 | 2011-02-14 |
| YUN, Sang Hak, Mr. | Director | 2019-02-18 | 2020-04-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mitsubishi Corporation | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 254 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-03 RESOLUTIONS Resolution
- 2025-12-15 RESOLUTIONS Resolution
- 2025-07-11 RESOLUTIONS Resolution
- 2025-07-11 RESOLUTIONS Resolution
- 2025-06-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-15 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-12-15 | SH20 | capital | Legacy | |
| 2025-12-15 | CAP-SS | insolvency | Legacy | |
| 2025-12-15 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-30 | AA | accounts | Accounts with accounts type full | |
| 2025-07-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-20 | SH20 | capital | Legacy | |
| 2025-06-20 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-06-20 | CAP-SS | insolvency | Legacy | |
| 2025-06-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-25 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 4
- Officers appointed
- 1
- Officers resigned
- 1
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
—
Not reported
-
Cash
+11%
£331,476 £367,911
-
Net assets
-10.9%
£471,674,664 £420,421,597
-
Employees
—
Not reported
-
Operating profit
-9%
-£175,785 -£191,532
-
Profit before tax
+9.6%
£75,302,178 £82,541,165
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