SERICA ENERGY CHINOOK LIMITED

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SERICA ENERGY CHINOOK LIMITED 2024-04-05 → present
2. TAILWIND ENERGY CHINOOK LTD 2021-06-09 → 2024-04-05
3. DECIPHER PRODUCTION LIMITED 2017-04-25 → 2021-06-09
4. IONA ENERGY COMPANY (UK) LIMITED 2016-05-27 → 2017-04-25
5. IONA ENERGY COMPANY (UK) PLC 2014-03-18 → 2016-05-27
6. IONA ENERGY COMPANY (UK) LIMITED 2007-12-18 → 2014-03-18
7. GOLFDEE LIMITED 2007-12-14 → 2007-12-18

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at 31 December 2024, the Company was in a net current liabilities position of $114.5 million. The Directors are required to consider the availability of resources to meet the Company's liabilities for the period ending 30 June 2026, the 'going concern period'. The Company's cash resources are managed together with those of fellow group companies within the Serica Energy plc group (Serica group). Accordingly, Serica Energy plc, the Company's ultimate parent undertaking has given the Company an undertaking to provide financial support to assist in meeting liabilities as and when they fall due until 30 June 2026. After making enquiries and having taken into consideration the above factors, the Directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the going concern period. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +8.2%

  £168,160,119 → £181,931,801

• Cash

  +96.7%

  £2,258,710 → £4,441,809

• Net assets

  +7.8%

  £216,780,578 → £233,591,549

• Employees

  —

  Not reported

• Operating profit

  -53.3%

  £63,340,993 → £29,594,514

• Profit before tax

  -50.7%

  £57,257,228 → £28,237,213

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