AFENTRA PLC
Formerly known as Sterling Energy, Afentra is an AIM-listed upstream oil and gas company focused on acquiring and developing production assets primarily in Angola.
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Cash
£3.8m
USD 5,145,000
-89% lowest in 3 filed years
Net assets
£70m
USD 93,832,000
-4.9% vs 2024
Employees
19
+26.7% highest in 3 filed years
Profit before tax
£10m
USD 13,759,000
-79% first positive since 2023
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £19,613,527 | £134,418,432 | £85,013,006 | -36.8% | |
| Operating profit | £1,755,481 | £55,346,711 | £15,967,298 | -71.2% | |
| Profit before tax | -£673,356 | £48,736,529 | £10,225,938 | -79% | |
| Net profit | -£2,010,405 | £38,907,469 | -£2,368,636 | -106.1% | |
| Cash | £10,946,860 | £34,842,066 | £3,823,857 | -89% | |
| Total assets less current liabilities | — | £115,560,758 | £101,215,162 | -12.4% | |
| Net assets | £35,653,660 | £73,302,861 | £69,737,644 | -4.9% | |
| Equity | £35,653,660 | £73,302,861 | £69,737,644 | -4.9% | |
| Average employees | 10 | 15 | 19 | +26.7% | |
| Wages | £3,470,085 | £3,542,178 | £4,616,871 | +30.3% | |
| Directors' remuneration | — | £2,635,266 | £2,302,893 | -12.6% |
Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 9.0% | 41.2% | 18.8% | |
| Net margin | -10.3% | 28.9% | -2.8% | |
| Return on capital employed | — | 47.9% | 15.8% | |
| Gearing (liabilities / total assets) | 65.9% | 56.5% | 57.3% | |
| Current ratio | 0.95x | 1.03x | 0.56x | |
| Interest cover | 0.67x | 8.27x | 2.77x |
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.
Name history
Renamed 4 times since incorporation
- AFENTRA PLC 2021-05-04 → present
- STERLING ENERGY PLC 2002-10-23 → 2021-05-04
- LEPCO PLC 1997-07-31 → 2002-10-23
- LONDON EXPLORATION AND PRODUCTION COMPANY LIMITED 1983-12-19 → 1997-07-31
- RIBBONWELL LIMITED 1983-09-30 → 1983-12-19
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on our 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 Group and the Parent 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
- AFENTRA PLC · parent
- Afentra (UK) Limited 100%
- Afentra (Angola) Ltd 100%
- Afentra (Northwest Jersey, CI) 100%
- Afentra Holdings Limited 100%
- Afentra (East Africa) Limited 100%
- Afentra (Offshore Developments) Ltd Kingdom 100%
- Afentra Onshore Developments Ltd Kingdom 100%
Significant events
- “On 13 January 2026, Afentra announced a material upgrade to its contingent resources following an independent audit and internal assessment. This resulted in more than fourfold increase in net working interest 2C contingent resources to 37.3 mmboe (gross 302.6 mmboe).”
- “On 17 March 2026, the Group made a contingent consideration payment of $3.5 million to Sonangol.”
- “On 31 March 2026, the Group made an interest only redetermination payment on its RBL facility of $1.9 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 41 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCARDLE, Hamish William | Secretary | 2024-09-30 | — | — |
| CLOKE, Ian Richard | Director | 2021-03-15 | May 1971 | British |
| DEULINA, Anastasia | Director | 2021-05-04 | Jun 1973 | British |
| MCDADE, Paul | Director | 2021-03-15 | Oct 1963 | British |
| OSBORNE, Andrew Jon | Director | 2025-11-10 | Nov 1969 | British |
| TANOH, Thierry André Nicolas Yao | Director | 2023-06-13 | Apr 1962 | Ivorian,French |
| WILSON, Gavin Hugh Lothian | Director | 2021-03-30 | Dec 1963 | British |
Show 41 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUSHELL, John Edward | Secretary | 1997-07-31 | 2001-07-23 |
| CHURCHWARD, Michelle | Secretary | 2011-10-18 | 2012-09-13 |
| CLIFF, Richard Andrew | Secretary | 2021-07-08 | 2024-03-31 |
| COOPER, Jonathan Robert | Secretary | 2008-02-04 | 2011-10-18 |
| CUNNINGHAM, Nicholas John | Secretary | 2024-03-31 | 2024-09-30 |
| HAWKINS, Anthony James | Secretary | 2016-01-22 | 2017-06-27 |
| MILNE, Gavin Johnston | Secretary | 2014-11-10 | 2016-01-22 |
| SMITH, Andrew John | Secretary | 2012-09-13 | 2014-11-10 |
| SPURRIER, Barbara | Secretary | 2017-06-27 | 2018-09-13 |
| THOMSON, Graeme Paul | Secretary | 2001-07-23 | 2008-02-04 |
| WILDE, Peter Kellaway | Secretary | — | 1997-07-31 |
| CFPRO COSEC LIMITED | Corporate Secretary | 2018-09-13 | 2021-07-08 |
| BASSETT, John Cecil | Director | — | 1993-02-24 |
| BASSETT, Peter John | Director | — | 2001-07-23 |
| BEARDSALL, Alastair John | Director | 2009-09-08 | 2016-05-10 |
| BELYAEV, Ilya Vissarionovich | Director | 2017-01-19 | 2021-03-30 |
| BUTLER, Elizabeth Jeanne, Dr. | Director | — | 2006-06-16 |
| CALLAWAY, Christopher Alan | Director | 2006-02-14 | 2009-05-01 |
| CLAYTON, Nicholas John | Director | 2009-10-01 | 2016-10-13 |
| COOPER, Jonathan Robert | Director | 2008-02-04 | 2011-10-18 |
| FRANK, Philip Leighton, Dr | Director | 2011-10-03 | 2015-03-13 |
| GRIGGS, Paul Michael | Director | 2005-01-01 | 2008-04-23 |
| GROSSE, Andrew Joseph | Director | 2005-01-01 | 2011-10-03 |
| HAWKINS, Anthony James | Director | 2020-12-04 | 2021-03-15 |
| HENRY, Keith Nicholas | Director | 2009-09-08 | 2016-10-13 |
| JERSING, Ib Eskil | Director | 2015-03-23 | 2018-06-06 |
| KOOT, Leo Willem | Director | 2017-01-19 | 2021-03-30 |
| KROUPEEV, Michael | Director | 2016-05-10 | 2021-03-30 |
| LEES, Audrey Mary | Director | 1992-01-30 | 2001-07-23 |
| LEVISON, Alan | Director | 2004-10-15 | 2005-03-22 |
| MACASKILL, Angus | Director | 2010-11-09 | 2013-08-16 |
| MACDONALD, Jeffrey Saunders | Director | 2021-03-30 | 2025-06-04 |
| MARSHALL, David Lee | Director | 2018-06-06 | 2020-12-04 |
| OTOOLE, Richard Anthony | Director | 2001-07-23 | 2007-07-24 |
| PATTINSON, Malcolm Hood | Director | 2010-11-15 | 2016-10-13 |
| QUINTON, Nigel Alan | Director | 2002-10-18 | 2004-10-15 |
| STABBINS, Richard, Dr | Director | 2007-01-19 | 2010-12-31 |
| THOMSON, Graeme Paul | Director | 2001-07-23 | 2009-12-22 |
| WEST, James Glynn | Director | 1995-04-01 | 2001-07-23 |
| WILDE, Peter Kellaway | Director | — | 2009-10-01 |
| WILSON, Henry George | Director | 2001-07-23 | 2009-06-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 361 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-03 RESOLUTIONS Resolution
- 2026-07-03 RESOLUTIONS Resolution
- 2025-06-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-13 | SH01 | capital | Capital allotment shares | |
| 2026-07-06 | AA | accounts | Accounts with accounts type group | |
| 2026-07-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-30 | SH01 | capital | Capital allotment shares | |
| 2026-06-18 | SH01 | capital | Capital allotment shares | |
| 2026-06-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-07 | CH01 | officers | Change person director company with change date | |
| 2025-11-07 | CH01 | officers | Change person director company with change date | |
| 2025-11-06 | CH01 | officers | Change person director company with change date | |
| 2025-11-06 | CH01 | officers | Change person director company with change date | |
| 2025-11-06 | CH01 | officers | Change person director company with change date | |
| 2025-11-06 | CH01 | officers | Change person director company with change date | |
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-12 | AA | accounts | Accounts with accounts type group | |
| 2025-06-06 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-05 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 4
- Officers appointed
- 1
- 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.