TANGGUH SAGO OPERATING LIMITED
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Cash
£6.5m
USD 8,766,849
+9.1% vs 2024
Net assets
£46m
USD 62,480,207
+0.7% highest in 3 filed years
Employees
29
+7.4% highest in 3 filed years
Profit before tax
£297k
USD 399,716
-69.5% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials 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 | £12,255,590 | £11,396,409 | £10,750,446 | -5.7% | |
| Operating profit | £4,184,433 | £2,905,342 | £2,247,468 | -22.6% | |
| Profit before tax | £2,062,259 | £974,294 | £297,076 | -69.5% | |
| Net profit | -£66,255 | £6,667,974 | £332,819 | -95% | |
| Cash | £7,400,573 | £5,973,487 | £6,515,681 | +9.1% | |
| Total assets less current liabilities | £89,011,278 | £80,637,316 | — | — | |
| Net assets | £39,435,630 | £46,103,604 | £46,436,423 | +0.7% | |
| Equity | £39,435,630 | £46,103,604 | £46,436,423 | +0.7% | |
| Average employees | 28 | 27 | 29 | +7.4% | |
| Wages | £1,458,932 | £1,481,394 | £1,491,699 | +0.7% | |
| Directors' remuneration | £372 | £372 | £372 | 0% |
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 | 34.1% | 25.5% | 20.9% | |
| Net margin | -0.5% | 58.5% | 3.1% | |
| Return on capital employed | 4.7% | 3.6% | — | |
| Gearing (liabilities / total assets) | 62.3% | 52.5% | 47.2% | |
| Current ratio | 1.19x | 1.04x | 1.09x | |
| Interest cover | 1.43x | 1.19x | 0.94x |
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.
Audit & accounting basis
- Accounting basis
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Although the Company has net current asset of $2.1 million (2024 - net current asset of $0.8 million), on the basis of the directors' assessment of the Company's financial position and of the enquiries made of the directors of Seapeak BLT Corporation as immediate parent company, the Company's directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future. Therefore, the Company continues to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “continuation of the Russia-Ukraine war may significantly impact global economic activity (including the demand for LNG and associated shipping rates) which could negatively affect our business, results of operations and financial condition.”
- “tensions in the Middle East may impact our business. This includes the Hamas-Israel war which has been ongoing since 2023. Most recently, in February 2026, the U.S. and Israel launched a major attack on Iran which has resulted in a retaliation by Iran against U.S. military bases in the Middle East and other targets.”
- “This recent conflict in the Middle East has resulted in attacks on commercial vessels, disruption of shipping trade routes and high risk in entering the Strait of Hormuz. This ongoing conflict is expected to affect the price of natural gas, demand for LNG shipping, and increase insurance rates, all of which could adversely affect our business, results of operations and financial condition.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GATI, Anne-Catherine | Director | 2021-12-10 | Sep 1967 | Swiss |
| MCDADE, Christopher George | Director | 2019-03-28 | Dec 1980 | British |
| OEN, Anthony Budiawan | Director | 2018-02-15 | Feb 1961 | Indonesian |
| SURYA, Siana Anggraeni | Director | 2018-02-15 | May 1967 | Indonesian |
| THOMSON, James Robert | Director | 2020-05-15 | Sep 1969 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROBINSON, David Rex | Secretary | 2007-11-21 | 2008-12-17 |
| VISTRA COMPANY SECRETARIES LIMITED | Corporate Secretary | 2008-12-17 | 2024-06-20 |
| ADAMS, John | Director | 2013-03-31 | 2019-03-28 |
| GALLACHER, Martin | Director | 2009-05-01 | 2010-01-22 |
| LIVERSEDGE, Anne Elizabeth | Director | 2018-02-15 | 2021-12-10 |
| PENNY, David Neil | Director | 2007-11-21 | 2015-04-10 |
| RELF, Iain | Director | 2015-04-10 | 2020-05-15 |
| ROBINSON, David Rex | Director | 2007-11-21 | 2009-05-01 |
| SEKKESAETER, Geir Arvid | Director | 2010-01-22 | 2013-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr. Hajir Naghdy | Individual | Voting 75–100% | 2025-10-21 | Ceased 2025-10-21 |
| Mr Michael Brian Dorrell | Individual | Significant influence | 2023-06-14 | Ceased 2025-10-21 |
| Mr Michael Brian Dorrell | Individual | Voting 75–100% | 2023-06-14 | Active |
| Seapeak Llc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-02-25 | Ceased 2023-06-14 |
| Teekay Lng Partners L.P. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-02-25 |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-21 | AA | accounts | Accounts with accounts type full | |
| 2026-01-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-08 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2024-11-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-20 | AD02 | address | Change sail address company with old address new address | |
| 2024-09-16 | AA | accounts | Accounts with accounts type full | |
| 2024-07-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-21 | 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.