PERENCO SNS LIMITED

• ◆

  4 officer resignations in last 12 months

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

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PERENCO SNS LIMITED 2026-04-02 → present
2. CALENERGY NORTH SEA LIMITED 2024-09-10 → 2026-04-02
3. IOG NORTH SEA LIMITED 2012-05-21 → 2024-09-10
4. IOG BLYTHE LIMITED 2011-05-13 → 2012-05-21

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company, being a part of the Northern Powergrid Group, and the Northern Powergrid Group have adequate resources to continue in operational existence and meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “During the year, the Company's existing loan balances with IOG plc were released pursuant to a deed of release dated 30 August 2024. The release was conditional upon the completion of the share purchase agreement between IOG plc and CalEnergy Resources (Operator) Limited.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

7

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  -52.9%

  £21,134,000 → £9,944,000

• Cash

  -74.9%

  £1,776,000 → £446,000

• Net assets

  +91.8%

  -£35,682,000 → -£2,920,000

• Employees

  —

  Not reported

• Operating profit

  +101.1%

  -£60,015,000 → £669,000

• Profit before tax

  +100.4%

  -£60,344,000 → £244,000

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