TULLOW OIL SPE LIMITED
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Cash
£31K
USD 41,000
-83.1% vs 2023
Net assets
£117M
USD 156,475,000
-12.8% vs 2023
Employees
—
Average over period
Profit before tax
-£17M
USD -22,947,000
-181.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Directors have concluded that implementing a holistic refinancing by the middle of November 2025 or by May 2026 at the latest is outside the control of the Group. This is therefore a material uncertainty that may cast significant doubt over the Group and the Company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | £508,310 | -£24,225,183 | -4,865.8% | |
| Profit before tax | £21,113,191 | -£17,178,470 | -181.4% | |
| Net profit | £21,113,191 | -£17,178,470 | -181.4% | |
| Cash | £181,165 | £30,693 | -83.1% | |
| Total assets less current liabilities | £134,318,012 | £117,139,542 | -12.8% | |
| Net assets | £134,318,012 | £117,139,542 | -12.8% | |
| Equity | £134,318,012 | £117,139,542 | -12.8% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | 0.4% | -20.7% | |
| Gearing (liabilities / total assets) | 0.0% | 8.0% | |
| Current ratio | — | 12.57x |
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 1 time since incorporation
- TULLOW OIL SPE LIMITED 2003-03-04 → present
- DMWSL 396 LIMITED 2002-12-05 → 2003-03-04
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Directors have concluded that implementing a holistic refinancing by the middle of November 2025 or by May 2026 at the latest is outside the control of the Group. This is therefore a material uncertainty that may cast significant doubt over the Group and the Company's ability to continue as a going concern.”
Significant events
- “The Directors have concluded that implementing a holistic refinancing by the middle of November 2025 or by May 2026 at the latest is outside the control of the Group. This is therefore a material uncertainty that may cast significant doubt over the Group and the Company's ability to continue as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEAGLEY, Timothy Edwards | Director | 2025-08-18 | Oct 1983 | South African |
| HOLLAND, Adam Farquhar | Director | 2019-08-01 | Mar 1981 | British |
| WALSH, Michael Francis | Director | 2020-11-23 | Mar 1967 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HICKEY, Thomas Gerard | Secretary | 2003-03-04 | 2008-03-31 |
| MARTIN, Alan Graham | Secretary | 2008-03-31 | 2008-09-18 |
| MASSIE, Kevin | Secretary | 2014-08-05 | 2019-08-01 |
| TAYLOR, Richard George | Secretary | 2008-09-18 | 2014-08-05 |
| DM COMPANY SERVICES LIMITED | Corporate Secretary | 2002-12-05 | 2003-03-04 |
| HEAVEY, Aidan Joseph | Director | 2003-03-04 | 2014-08-05 |
| HICKEY, Thomas Gerard | Director | 2003-03-04 | 2008-09-18 |
| MARTIN, Alan Graham | Director | 2003-03-04 | 2016-01-11 |
| MASSIE, Kevin Michael | Director | 2014-08-05 | 2019-08-01 |
| MCCOSS, Angus Murray, Dr | Director | 2008-03-31 | 2014-08-05 |
| MCDADE, Paul | Director | 2005-07-11 | 2019-12-13 |
| MILLER, Richard David | Director | 2015-08-14 | 2023-12-31 |
| MILLER, Richard David | Director | 2014-08-05 | 2015-05-29 |
| PATEL, Rachana | Director | 2023-12-31 | 2025-08-15 |
| ROSS, Julia Mary | Director | 2013-09-18 | 2014-08-05 |
| ROWLAND-CLARK, Rupert Richmond | Director | 2015-08-14 | 2020-09-09 |
| SHEPHERD, Nicholas Keith | Director | 2014-08-05 | 2015-04-30 |
| SLOAN, Peter Gerald | Director | 2014-08-05 | 2015-04-30 |
| SLOAN, Peter Gerald | Director | 2010-04-21 | 2010-05-31 |
| SPRINGETT, Ian | Director | 2008-09-18 | 2017-07-17 |
| TEDDER, Julian Lester | Director | 2014-08-05 | 2015-05-29 |
| TORR, William Howard | Director | 2014-08-05 | 2015-06-29 |
| WILLIAMS, Brian | Director | 2008-03-31 | 2014-08-05 |
| WOOD, George Leslie | Director | 2017-07-17 | 2022-03-31 |
| 25 NOMINEES LIMITED | Corporate Director | 2002-12-05 | 2003-03-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tullow Oil Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Voting 75–100% (as firm), Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 151 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-08-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-12 | CH01 | officers | Change person director company with change date | |
| 2024-07-04 | AA | accounts | Accounts with accounts type full | |
| 2024-03-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-20 | CH01 | officers | Change person director company with change date | |
| 2024-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-22 | AA | accounts | Accounts with accounts type full | |
| 2022-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-12 | AA | accounts | Accounts with accounts type full | |
| 2022-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-23 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.