PSL ENERGY SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-23 (in 9mo)
Last made up 2026-02-09
Watchouts
None on the register
Cash
£408K
Latest balance sheet
Net assets
£187M
Equity attributable
Employees
0
Average over period
Profit before tax
£4M
Period ending 2024-12-31
Name history
Renamed 1 time since incorporation
- PSL ENERGY SERVICES LIMITED 2003-04-22 → present
- LAURELDON LIMITED 2003-02-11 → 2003-04-22
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,273,000 | £572,000 | |
| Operating profit | £158,000 | -£139,000 | |
| Profit before tax | £3,851,000 | £4,301,000 | |
| Net profit | £2,097,000 | £4,476,000 | |
| Cash | £34,000 | £408,000 | |
| Total assets less current liabilities | £119,412,000 | £187,220,000 | |
| Net assets | £119,412,000 | £187,220,000 | |
| Equity | £119,412,000 | £187,220,000 | |
| Average employees | 27 | 0 | |
| Wages | £803,000 | £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 |
|---|---|---|---|
| Operating margin | 12.4% | -24.3% | |
| Net margin | 164.7% | 782.5% | |
| Return on capital employed | 0.1% | -0.1% | |
| Current ratio | 46.53x | 1.51x | |
| Interest cover | 8.32x | — |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- James Cowper Kreston Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The company's sales and activities in Azerbaijan were reduced in 2024 because of termination of customer contracts. Management has no plans for trading activity in 2025 beyond that of a holding company. Despite the absence of planned trading activity, management has no intention of liquidating the company. Instead, the decision has been made to maintain the entity as a holding company for the foreseeable future. The company has no financial obligations which are external to the Halliburton Company group. No significant cash flows are forecast. The directors' assessment of going concern, for at least twelve month from the date of approval of these financial statements, reflects how the company has no significant financial commitments other than amounts owed to Halliburton group companies. For any incidental overhead or similar costs which may be incurred during this forecast period, the company has net current assets upon which to draw. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Group structure
- PSL ENERGY SERVICES LIMITED · parent
- Energy Chemical Sources Company 100%
- Halliburton Services Limited Liability Company 90%
Significant events
- “As the contract with our major customer had been terminated, there is no plan for trading in 2025.”
- “Sales in 2024 decreased by 55% due to termination of a major service contracts with customers (2023: decreased by 79%).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLIFTON, Scot | Secretary | 2009-07-01 | — | British |
| CLIFTON, Scot | Director | 2009-07-01 | Nov 1966 | British |
| CRAIB, Steven Ross | Director | 2024-10-25 | Jul 1988 | British |
| JOHNSON, Rachel Lynn | Director | 2025-11-12 | Jun 1986 | American |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUCHAN, Michael Andrew | Secretary | 2004-04-29 | 2007-07-31 |
| CRAWLEY, Peter John | Secretary | 2007-07-31 | 2008-06-30 |
| DEERING, John Edward | Secretary | 2008-06-30 | 2009-07-01 |
| P & W SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-02-11 | 2003-04-17 |
| PAULL & WILLIAMSONS | Corporate Secretary | 2003-04-17 | 2004-04-29 |
| BENTLEY, Philip John, Mr | Director | 2004-07-29 | 2007-07-31 |
| BETTS, Matthew | Director | 2014-01-01 | 2017-12-08 |
| BIRNIE, Christopher Albert | Director | 2021-11-01 | 2024-10-25 |
| BOWYER, Michael Lewis | Director | 2007-07-31 | 2009-07-01 |
| BUCHAN, Michael Andrew | Director | 2003-07-10 | 2007-07-31 |
| BUCHANAN, Alasdair Ian | Director | 2011-08-01 | 2012-04-13 |
| CRAWLEY, Peter John | Director | 2007-07-31 | 2007-09-03 |
| DUGUID, Douglas Hunter | Director | 2003-02-11 | 2007-07-31 |
| GRANT, Iain Derek | Director | 2003-02-11 | 2007-07-31 |
| HENDERSON, Jeremy Neil | Director | 2003-06-05 | 2007-07-31 |
| HORSFALL, Timothy Michael | Director | 2023-04-26 | 2025-11-12 |
| JOHNSTON, David Alexander | Director | 2007-10-24 | 2019-12-31 |
| MEKKAWY, Wael | Director | 2019-12-16 | 2021-10-31 |
| MLADENKA, David | Director | 2012-04-13 | 2014-01-01 |
| MORRISON, Bernard Iain | Director | 2007-09-03 | 2008-03-21 |
| MORRISON, Graeme Michael | Director | 2008-04-01 | 2010-03-31 |
| NOWE, Steve | Director | 2022-01-01 | 2023-04-26 |
| PAVER, Gary Neil | Director | 2007-07-31 | 2007-10-24 |
| ROSS, Hamish Hector Lawrence | Director | 2003-04-17 | 2007-07-31 |
| SEATON, Simon Derek | Director | 2009-01-05 | 2011-08-01 |
| WHITE, Martin Robert | Director | 2017-12-08 | 2021-12-31 |
| P & W DIRECTORS LIMITED | Corporate Nominee Director | 2003-02-11 | 2003-02-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Halliburton Manufacturing And Services Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 144 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-03 | AA | accounts | Accounts with accounts type full | |
| 2023-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-02-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-26 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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