KISTOS ENERGY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-01 (in 1mo)
Last made up 2025-05-18
Watchouts
None on the register
Cash
£10M
-66.8% vs 2023
Net assets
-£31M
-25.6% vs 2023
Employees
—
Average over period
Profit before tax
-£13M
+63.1% vs 2023
Name history
Renamed 2 times since incorporation
- KISTOS ENERGY LIMITED 2022-06-15 → present
- KISTOS ENERGY LTD 2020-10-13 → 2022-06-15
- KISTOS LTD 2020-09-04 → 2020-10-13
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 | £85,432,000 | £59,885,000 | |
| Operating profit | -£28,810,000 | -£5,369,000 | |
| Profit before tax | -£34,712,000 | -£12,824,000 | |
| Net profit | -£5,989,000 | -£6,338,000 | |
| Cash | £31,478,000 | £10,463,000 | |
| Total assets less current liabilities | £113,452,000 | £91,173,000 | |
| Net assets | -£24,797,000 | -£31,135,000 | |
| Equity | -£24,797,000 | -£31,135,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | -33.7% | -9.0% | |
| Net margin | -7.0% | -10.6% | |
| Return on capital employed | -25.4% | -5.9% | |
| Gearing (liabilities / total assets) | 112.2% | 119.5% | |
| Current ratio | 0.89x | 0.62x | |
| Interest cover | -3.54x | -0.68x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- KISTOS ENERGY LIMITED · parent
- Kistos Energy Storage Limited 100%
- Shetland Land Lease Limited 20%
Significant events
- “In February 2024, the Company agreed to purchase EDF's onshore gas storage assets at Hill Top Farm and Hole House in Cheshire, UK, for £25 million payable in cash at completion, less closing working capital adjustments (the 'Gas Storage Acquisition'). The acquisition, which completed in April 2024, was in line with our strategy to pursue opportunities that align with the energy transition and diversify our asset portfolio into a stable marketplace that offers significant growth potential.”
- “The obligation for the decommissioning in respect of 2025 was £62.9 million (2024: £69 million), which the Company satisfied via issuing £45 million of surety bonds and an amount of £17.9 million held in a separate bank account (restricted funds) for the purposes of providing security against letters of credit as at 31 December 2024 to cover its obligations under DSA.”
- “During 2024, it was announced that TotalEnergies E&P UK Ltd (40% and operator of the JV) had agreed to sell its entire stake and operatorship to the Prax Group. The deal was anticipated to complete in the second quarter of 2025. However, the transaction was delayed due to Prax's parent company entering liquidation proceedings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OHS SECRETARIES LIMITED | Corporate Secretary | 2020-10-12 | — | — |
| AUSTIN, Andrew Philip | Director | 2020-09-04 | Sep 1965 | British |
| MANN, Peter George | Director | 2022-03-08 | Sep 1980 | British |
| THOMSON, James David Calvert | Director | 2025-01-01 | Feb 1984 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SLAPE, Richard | Director | 2022-03-08 | 2025-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kistos Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-25 | Active |
| Mr Andrew Phillip Austin | Individual | Shares 75–100%, Voting 75–100% | 2020-09-04 | Ceased 2020-11-25 |
Filing timeline
Last 20 of 36 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-06-15 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-05 | CH01 | officers | Change person director company with change date | |
| 2025-12-12 | CH01 | officers | Change person director company with change date | |
| 2025-12-04 | CH01 | officers | Change person director company with change date | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-10 | AA | accounts | Accounts with accounts type full | |
| 2024-09-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-22 | AA | accounts | Accounts with accounts type small | |
| 2023-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-05 | AD03 | address | Move registers to sail company with new address | |
| 2022-10-14 | AD02 | address | Change sail address company with new address | |
| 2022-10-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-10-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-16 | AA | accounts | Accounts with accounts type dormant | |
| 2022-09-13 | CH01 | officers | Change person director company with change date | |
| 2022-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-22 | CH04 | officers | Change corporate secretary company with change date | |
| 2022-06-15 | CERTNM | change-of-name | Certificate change of name company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
-29.9%
£85,432,000 £59,885,000
-
Cash
-66.8%
£31,478,000 £10,463,000
-
Net assets
-25.6%
-£24,797,000 -£31,135,000
-
Employees
—
Not reported
-
Operating profit
+81.4%
-£28,810,000 -£5,369,000
-
Profit before tax
+63.1%
-£34,712,000 -£12,824,000
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