PING PETROLEUM UK PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-04 (in 3mo)
Last made up 2025-07-21
Watchouts
None on the register
Cash
£7M
Latest balance sheet
Net assets
£112M
Equity attributable
Employees
8
Average over period
Profit before tax
£4M
Period ending 2024-12-31
Name history
Renamed 1 time since incorporation
- PING PETROLEUM UK PLC 2022-01-12 → present
- PING PETROLEUM UK LIMITED 2015-07-22 → 2022-01-12
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 | £86,520,385 | £40,814,678 | |
| Operating profit | £60,283,173 | £17,065,975 | |
| Profit before tax | £35,753,150 | £3,709,414 | |
| Net profit | -£1,810,230 | £10,171,979 | |
| Cash | £18,143,069 | £7,065,975 | |
| Total assets less current liabilities | £272,190,511 | £268,193,477 | |
| Net assets | £102,023,721 | £112,195,701 | |
| Equity | £102,023,721 | £112,195,701 | |
| Average employees | 9 | 8 | |
| Wages | £1,524,833 | £785,767 |
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 | 69.7% | 41.8% | |
| Net margin | -2.1% | 24.9% | |
| Return on capital employed | 22.1% | 6.4% | |
| Gearing (liabilities / total assets) | 69.6% | 64.0% | |
| Current ratio | 0.75x | 0.49x | |
| Interest cover | 5.27x | 3.31x |
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
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are of the view that the Company will have continued financial support from its ultimate parent company and sufficient cash flows for the next twelve months from the reporting date to meet their cash flow requirements. On that basis, the Directors have prepared the financial statements of the Company on a going concern basis.”
Group structure
- PING PETROLEUM UK PLC · parent
- Anasuria Operating Company Limited (AOC) 50%
Significant events
- “In November 2023, the Company completed the farm-in to UK Petroleum Licence P2451, which contains the Fyne field, in the central North Sea.”
- “In April 2024, Ping completed its farm-out deal acquiring 81.25% interest in Licence P2244, which contains the Pilot field.”
- “In April 2024, Ping was awarded the Hutton licence, P2626 in the 33rd licensing round.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GNASAMOOTHY, Mahendran | Secretary | 2026-03-06 | — | — |
| BIN YUSOF AZUDDIN, Tarmizi | Director | 2024-11-22 | Apr 1982 | Malaysian |
| FISHER, Robert | Director | 2022-10-01 | Feb 1954 | British |
| LAVIN, Darragh | Director | 2026-04-10 | Jan 1979 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALTENSPERGER, Paul | Secretary | 2022-10-01 | 2024-11-22 |
| SHINNIE, Christine Ross Leadbetter | Secretary | 2024-11-22 | 2026-03-06 |
| SMITH, Carl Kevin | Secretary | 2022-01-12 | 2022-10-01 |
| ABIDIN BIN ABD JALIL, Zainal | Director | 2021-12-20 | 2024-11-22 |
| BALTENSPERGER, Paul A | Director | 2016-10-18 | 2024-11-22 |
| BIN OTHMAN, Azhar | Director | 2022-10-01 | 2025-05-30 |
| PHILLIPS, David Roy | Director | 2016-10-18 | 2021-09-07 |
| SMITH, Carl Kevin | Director | 2021-09-07 | 2022-10-01 |
| ZHANG, Ning | Director | 2015-07-22 | 2021-12-20 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 66 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-02 | AA | accounts | Accounts with accounts type full | |
| 2025-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-22 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-09 | AA | accounts | Accounts with accounts type full | |
| 2023-10-17 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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