SAKA INDONESIA PANGKAH LIMITED
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Cash
£33M
+95.6% highest in 4 filed years
Net assets
-£148M
-35.2% vs 2023
Employees
327
0% vs 2023
Profit before tax
£29M
-34.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
4-year trend · vs Energy median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £106,088,000 | £237,907,000 | £174,108,000 | £154,028,000 | -11.5% | |
| Operating profit | £14,432,000 | £79,028,000 | £42,873,000 | £26,254,000 | -38.8% | |
| Profit before tax | £13,202,000 | £79,125,000 | £44,504,000 | £29,124,000 | -34.6% | |
| Net profit | £10,917,000 | £29,295,000 | £20,732,000 | -£35,877,000 | -273.1% | |
| Cash | £30,200,000 | £12,149,000 | £17,086,000 | £33,418,000 | +95.6% | |
| Total assets less current liabilities | -£48,068,000 | -£2,705,000 | £71,039,000 | £105,585,000 | +48.6% | |
| Net assets | -£157,098,000 | -£128,725,000 | -£109,418,000 | -£147,939,000 | -35.2% | |
| Equity | -£157,098,000 | -£128,725,000 | -£109,418,000 | -£147,939,000 | -35.2% | |
| Average employees | 319 | 323 | 327 | 327 | 0% | |
| Wages | £13,293,000 | £16,335,000 | £14,623,000 | £14,673,000 | +0.3% | |
| Directors' remuneration | — | — | £0 | £0 | — |
Figures converted to GBP from USD at 0.749 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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | 13.6% | 33.2% | 24.6% | 17.0% | |
| Net margin | 10.3% | 12.3% | 11.9% | -23.3% | |
| Return on capital employed | — | — | 60.4% | 24.9% | |
| Gearing (liabilities / total assets) | — | — | 141.7% | 166.3% | |
| Current ratio | — | — | 0.68x | 0.99x | |
| Interest cover | 6.41x | 38.31x | 18.27x | 10.00x |
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 3 times since incorporation
- SAKA INDONESIA PANGKAH LIMITED 2014-01-16 → present
- HESS (INDONESIA PANGKAH) LIMITED 2006-05-22 → 2014-01-16
- AMERADA HESS (INDONESIA-PANGKAH) LIMITED 1995-09-21 → 2006-05-22
- TYROLESE (326) LIMITED 1995-07-05 → 1995-09-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company continues to have the support of it's parent company, PT Saka Energi Indonesia, who have confirmed that they will ensure the company is able to operate for at least 12 months from the date of these financial statements.”
Significant events
- “During the year, the directors reviewed the carrying value of tangible fixed assets and this led to an impairment of $5,894,210 (2023: $nil).”
- “In 2024 SIPL has continued to workover 1 wells (UPA-11ST2), completing 1 development well (WPA 06) and 1 Exploration Drilling (RGL-3).”
- “Production decreased by 9.09% (2023: increase of 21.18%) as a result of a decreased rate of production and lower results of the workover well and new wells. Unit costs decreased by 2.43% (2023: decrease by 3.99%) mainly due to lower production volume.”
- “As a result of a previous restructuring, the company was acquired by Saka Indonesia Pangkah B.V., the loan from the immediate parent undertaking amounting to $537,333,000 was novated from Hess Oil and Gas Holdings Inc. to PT Saka Energi Indonesia.”
- “In 2024, SIPL managed to received prestigious awards in oil and gas industry. SIPL received the "Patra Nirbhaya Karya Utama - 5" award for the category of No Working Hours Lost Due to Accident at the 2024 Oil.”
- “In 2024, SIPL received awards in Management safety system from Indonesia National Police.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ACCOMPLISH SECRETARIES LIMITED | Corporate Secretary | 2018-03-01 | — | — |
| KURNIAWAN, Medy | Director | 2024-01-15 | May 1968 | Indonesian |
| MIFTAKHURROHMAN, Achmad Agus | Director | 2024-01-15 | Aug 1967 | Indonesian |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRY, George Charles, Mr. | Secretary | 2005-03-31 | 2014-01-10 |
| CHALONER, Christopher Benjamin | Secretary | 1996-05-31 | 2001-02-09 |
| COLE, Ian David, Mr. | Secretary | 2011-12-30 | 2013-10-31 |
| HARWOOD, Roger Morris, Mr. | Secretary | 2001-02-09 | 2011-12-30 |
| MULCARE, Anthony | Secretary | 1995-09-14 | 1996-05-31 |
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2014-05-15 | 2018-02-22 |
| INTERTRUST HOLDINGS (UK) LIMITED | Corporate Secretary | 2014-01-10 | 2014-05-15 |
| TYROLESE (SECRETARIAL) LIMITED | Corporate Nominee Secretary | 1995-07-05 | 1995-09-14 |
| ARIYANTO, Yunan Fajar | Director | 2020-04-29 | 2021-08-02 |
| BLAIR, Peter Alexander, Mr. | Director | 2013-11-26 | 2014-01-09 |
| BOLDY, Stephen Adrian Renwick, Dr | Director | 2000-01-26 | 2001-02-09 |
| CAREY, Brendan John, Mr. | Director | 2008-03-03 | 2014-01-09 |
| CHALONER, Christopher Benjamin | Director | 1996-07-25 | 2002-03-21 |
| CLARKE, Kevin Frederick | Director | 2006-08-29 | 2008-03-03 |
| COLE, Ian David, Mr. | Director | 2011-12-30 | 2013-10-31 |
| DISASMITA, Avep | Director | 2021-08-02 | 2024-01-15 |
| EDWARDS, Roderick James Eveleigh | Director | 2000-02-03 | 2002-01-15 |
| GIBBONS, Alan Stuart, Mr. | Director | 2006-08-29 | 2014-01-09 |
| GIRONDON, Pascal Eugene Jules, Mr. | Director | 2010-09-21 | 2012-01-11 |
| GRAY, Ian | Director | 1995-09-14 | 2000-04-01 |
| HARDMAN, Richard Frederick Paynter | Director | 1995-09-14 | 2002-03-21 |
| HARWOOD, Roger Morris, Mr. | Director | 2006-08-29 | 2011-12-30 |
| HUGHES, Michael Colin | Director | 2000-01-26 | 2005-03-31 |
| LODGE, Andrew Geoffrey | Director | 2001-02-09 | 2009-03-27 |
| MACLEAN, Malcolm | Director | 2005-03-31 | 2007-06-22 |
| MCCLOSKEY, Paul Jeffrey | Director | 2002-03-21 | 2003-06-25 |
| MCKAY, Aidan, Mr. | Director | 2007-06-22 | 2010-07-13 |
| MCNALLY, Stephen Gregory, Mr. | Director | 2009-03-04 | 2012-01-11 |
| MEW, Richard Martin | Director | 2000-01-26 | 2003-05-12 |
| MILLS, Peter Andrew | Director | 2003-06-25 | 2004-10-06 |
| MOSNESS, Tracy Lee, Mr. | Director | 2008-01-22 | 2009-02-21 |
| MULCARE, Anthony | Director | 1995-09-14 | 1996-05-31 |
| NOFRIADI, . | Director | 2019-08-07 | 2020-06-29 |
| NORBURY, Ian | Director | 1995-09-14 | 2000-09-30 |
| PARAMITA, Devi Pradnya | Director | 2016-07-20 | 2019-08-07 |
| PARLINDUNGAN, Tumbur Parlindungan | Director | 2014-01-10 | 2019-08-07 |
| PAVER, Howard, Mr. | Director | 2001-02-09 | 2005-03-31 |
| RIGBY, Quentin Andrew | Director | 2000-01-26 | 2001-05-01 |
| RITCHIE, Joe Allen, Mr. | Director | 2009-07-30 | 2012-01-11 |
| RUSDIBYO, Vincentius Argo | Director | 2017-10-17 | 2019-08-07 |
| SANDISON, George Frederick, Mr. | Director | 2005-03-31 | 2009-09-01 |
| SITI YANTI MULYANTI, . | Director | 2019-08-07 | 2020-04-29 |
| SURYANTO, Heri | Director | 2021-08-02 | 2024-01-15 |
| SUSMONO SOETRISNO, . | Director | 2019-08-07 | 2021-08-02 |
| WELFORD, Paul David, Mr. | Director | 2013-10-31 | 2014-01-09 |
| YAMAN, Firman | Director | 2014-01-10 | 2016-07-20 |
| TYROLESE (DIRECTORS) LIMITED | Corporate Nominee Director | 1995-07-05 | 1995-09-14 |
| TYROLESE (SECRETARIAL) LIMITED | Corporate Nominee Director | 1995-07-05 | 1995-09-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ministry Of State-Owned Enterprises Of Republic Of Indonesia | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 235 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-08 | AA | accounts | Accounts with accounts type full | |
| 2025-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | AA | accounts | Accounts with accounts type full | |
| 2024-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-13 | AA | accounts | Accounts with accounts type full | |
| 2023-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-18 | CH04 | officers | Change corporate secretary company with change date | |
| 2022-12-21 | AA | accounts | Accounts with accounts type full | |
| 2022-10-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-07 | AA | accounts | Accounts with accounts type full | |
| 2021-08-13 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-13 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.