ROCKHOPPER EXPLORATION (HYDROCARBONS) LIMITED
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Cash
£978k
USD 1,316,000
Latest balance sheet
Net assets
-£158m
USD -212,828,000
-2.3% vs 2024
Employees
0
Average over period
Profit before tax
-£1.7m
USD -2,257,000
-670.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | -£81,754 | -£217,763 | -£1,677,443 | -670.3% | |
| Net profit | -£81,754 | -£16,791,527 | -£3,567,447 | +78.8% | |
| Cash | — | — | £978,075 | — | |
| Total assets less current liabilities | -£105,379,413 | -£96,364,920 | -£72,970,643 | +24.3% | |
| Net assets | — | -£154,610,182 | -£158,177,629 | -2.3% | |
| Equity | — | -£154,610,182 | -£158,177,629 | -2.3% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | £0 | £0 | — | |
| Directors' remuneration | — | — | — | — |
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 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | 176.7% | 161.0% | |
| Current ratio | — | — | 0.04x |
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 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors do not consider that any material uncertainty exists that would cast significant doubt on the Company's ability to continue as a going concern within the Assessment Period.”
Significant events
- “A Final Investment Decision ("FID") in respect of Phase 1 of the Sea Lion Project was taken jointly by the Company and Navitas as operator during the year.”
- “All necessary approvals and consents required at this stage of the Project have been received. The Falkland Islands Government ("FIG") has approved the Field Development and Production Programme ("FDP") for Phases 1 and 2 of the Northern Development Area within the Sea Lion field. Following receipt of these approvals, the licences covering Sea Lion have moved into the Exploitation Phase, which has a duration of 35 years, or longer if required to complete production.”
- “The completion of the Placing by Rockhopper Exploration plc on 31 December 2025 provided the equity funding necessary to meet the Company's share of Phase 1 capital requirements.”
- “All key contracts in connection with Phase 1 of the Sea Lion Project have been successfully negotiated and entered into by Navitas as operator.”
- “On 9 December 2025, the Company and the Falkland Islands Government ('FIG') entered into a final settlement agreement (the 'Settlement Deed') in respect of an uncertain tax liability.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Janette Lesley | Secretary | 2011-03-08 | — | — |
| MOODY, Samuel John | Director | 2005-04-11 | Feb 1970 | British |
| PERRY, William Rees | Director | 2024-10-16 | Oct 1976 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DIXON CLARKE, Peter John | Secretary | 2005-04-11 | 2011-03-08 |
| VISICK, Jason Frederick | Secretary | 2005-02-25 | 2005-04-11 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2005-02-25 | 2005-02-25 |
| DIXON CLARKE, Peter John | Director | 2005-04-11 | 2014-01-31 |
| MACAULAY, Fiona Margaret | Director | 2014-01-31 | 2017-07-04 |
| MACDONALD, Stewart | Director | 2014-03-10 | 2022-01-31 |
| VISICK, Richard Faras | Director | 2005-02-25 | 2005-04-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rockhopper Exploration Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 81 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-21 MA Memorandum articles
- 2025-12-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-21 | MA | incorporation | Memorandum articles | |
| 2025-12-21 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-05-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-14 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-25 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-01 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.