Cash

£163K

+149.3% vs 2023

Net assets

£412K

-72.4% vs 2023

Employees

4

0% vs 2023

Profit before tax

Period ending 2024-12-31

Profile

Company number
11609131
Status
Active
Incorporation
2018-10-08
Last accounts made up
2024-12-31
Account category
GROUP
Primary SIC
35110
Hubs
UK Energy & Climate

Cash

6-year trend · vs UK Energy & Climate median

£0£100k£200k201920202021202220232024
PELAGIC ENERGY DEVELOPMENT LTD

Accounts

6-year trend · latest 2024-12-31

Metric Trend 2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-31
Turnover
Operating profit
Profit before tax
Net profit -£71,487-£345,747-£1,079,274
Cash £108,615£65,279£162,751
Total assets less current liabilities -£71,357£1,491,414£412,140
Net assets
Equity £71,357£112,171£951,668£1,837,161£1,491,414£412,140
Average employees 444
Wages

Values shown as filed in iXBRL accounts. indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers

Audit & accounting basis

From AI-extracted PDF accounts

Accounting basis
FRS 102
Reporting scope
Consolidated (group)
Audit opinion
Unaudited (audit-exempt)
Going concern
Affirmed

“For the year ending 31 December 2024, the group produced a loss of £3,370,691 and had net liabilities of £6,816,178. The directors have confirmed the continuation of support from lenders and therefore deem that they have sufficient arrangements in place to continue to support the business for the foreseeable future and therefore the directors' continue to adopt the going concern basis of accounting in preparing the financial statements.”

Subsidiaries

Significant events

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers

People

4 active · 1 resigned

Name Role Appointed Born Nationality
AKERS-DOUGLAS, Dominic Lovett Director 2018-10-08 Jul 1979 British
MANNERS-SPENCER, Guy Thomas Director 2018-11-22 Apr 1972 British
PECK, Graham Director 2021-10-11 Apr 1986 British
WOOD, James William Denton Director 2018-10-08 Dec 1973 British
Show 1 resigned officer
Name Role Appointed Resigned
PRESCOT, Nigel Kenrick Grosvenor Director 2018-10-12 2021-10-11

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Pelagic Energy Limited Corporate entity Shares 25–50%, Voting 25–50% 2018-10-08 Active
Constantine Energy Limited Corporate entity Shares 25–50%, Voting 25–50% 2018-10-08 Active

Filing timeline

Last 20 of 57 total filings

Date Type Category Description
2026-04-22 MR04 mortgage mortgage satisfy charge full
2026-04-22 MR04 mortgage mortgage satisfy charge full
2026-04-22 MR04 mortgage mortgage satisfy charge full
2026-04-22 MR04 mortgage mortgage satisfy charge full
2025-12-15 MR05 mortgage mortgage charge part both with charge number
2025-12-15 MR05 mortgage mortgage charge part both with charge number
2025-12-15 MR05 mortgage mortgage charge part both with charge number
2025-12-15 MR05 mortgage mortgage charge part both with charge number
2025-12-15 MR05 mortgage mortgage charge part both with charge number
2025-12-15 MR05 mortgage mortgage charge part both with charge number
2025-12-15 MR05 mortgage mortgage charge part both with charge number
2025-09-30 AA accounts accounts with accounts type group
2025-08-15 RP04CS01 confirmation-statement second filing of confirmation statement with made up date
2025-08-11 PSC05 persons-with-significant-control change to a person with significant control
2025-07-04 MR01 mortgage mortgage create with deed with charge number charge creation date
2025-07-04 MR01 mortgage mortgage create with deed with charge number charge creation date
2025-06-13 CS01 confirmation-statement confirmation statement with no updates
2025-05-08 AD01 address change registered office address company with date old address new address
2025-05-02 MR01 mortgage mortgage create with deed with charge number charge creation date
2025-05-02 MR01 mortgage mortgage create with deed with charge number charge creation date

Credit score

Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage

Credit score requires retained earnings proxy, EBIT (operating profit / PBT), book equity — not present in the latest extracted accounts.

Activity Score

Filings velocity, capital events, officer churn, accounts trajectory

Activity Score not yet computed for this company.

Official Companies House page