TRINITY EXPLORATION & PRODUCTION LIMITED
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Cash
£7.4M
USD 9,819,000
-19.1% vs 2022
Net assets
£37M
USD 49,045,000
-12.6% vs 2022
Employees
282
+2.2% vs 2022
Profit before tax
-£7.1M
USD -9,529,000
-487.8% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-10-30.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £69,046,264 | £52,272,795 | -24.3% | |
| Operating profit | £14,201,976 | £7,181,464 | -49.4% | |
| Profit before tax | £1,839,347 | -£7,133,553 | -487.8% | |
| Net profit | £69,621 | -£5,092,828 | -7,415.1% | |
| Cash | £9,081,449 | £7,350,651 | -19.1% | |
| Total assets less current liabilities | £82,793,083 | £71,980,087 | -13.1% | |
| Net assets | £42,020,512 | £36,715,826 | -12.6% | |
| Equity | £42,020,512 | £36,715,826 | -12.6% | |
| Average employees | 276 | 282 | +2.2% | |
| Wages | £5,423,716 | £6,354,993 | +17.2% | |
| Directors' remuneration | £559,309 | £555,677 | -0.6% |
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 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | 20.6% | 13.7% | |
| Net margin | 0.1% | -9.7% | |
| Return on capital employed | 17.2% | 10.0% | |
| Gearing (liabilities / total assets) | 54.8% | 57.0% | |
| Current ratio | 2.03x | 1.44x | |
| Interest cover | 14.17x | 4.33x |
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 — the current trading name was adopted 2025-02-25
- TRINITY EXPLORATION & PRODUCTION LIMITED 2025-02-25 → present
- TRINITY EXPLORATION & PRODUCTION PLC 2013-02-13 → 2025-02-25
- BAYFIELD ENERGY HOLDINGS PLC 2011-03-10 → 2013-02-13
- BAYFIELD (TOPCO) PLC 2011-02-21 → 2011-03-10
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board has concluded it is appropriate to continue to adopt the going concern basis of accounting.”
Group structure
- TRINITY EXPLORATION & PRODUCTION LIMITED · parent
- Bayfield Energy Limited 99.99998%
- Trinity Exploration & Production (UK) Limited 100%
- Trinity Exploration & Production Services (UK) Limited 100%
- Bayfield Energy do Brasil Ltda 100%
- Trinity Exploration & Production (Barbados) Limited 100%
- Trinity Exploration and Production (Trinidad and Tobago) Limited 100%
- Trinity Exploration and Production (Galeota) Limited 100%
- Olbett Services Limited 100%
- Trinity Exploration and Production Services Limited 100%
- Trinity Exploration and Production (Trinidad and Tobago) Limited 100%
- Trinity Exploration and Production (Erin) Limited 100%
- Trinity Exploration and Production (Erin) 2 Limited 100%
- Trinity Exploration and Production (Forest 1) Limited 100%
- Trinity Exploration and Production (Forest 2) Limited 100%
- Trinity Exploration and Production (Forest 3) Limited 100%
- Trinity Framework Resources Limited 100%
- Trinity Exploration and Production plc Employee Benefit Trust 100%
Significant events
- “Subsequent to 31 December 2023, the Group received c. USD 0.6 million (2022: USD 5.1 million) in May 2024. The Group had USD 5.1 million in VAT refunds recoverable.”
- “On 18 June 2024, Trinity announced its successful bid for the onshore Buenos Ayres Block. Subsequent to 31 December 2023 the Group is awaiting finalisation of the exploration and production licence with the MEEI.”
- “Fiscal reforms (Finance Act) - Effective 1 January 2024, SPT rates for Small Shallow Marine Area Producers were introduced. It becomes applicable when the weighted average realised crude oil price exceeds US$75/bbl, starting at a rate of 18% and goes up to 30% depending on the price. A Small Shallow Marine Area Producer is defined as a person who carries out petroleum operations in shallow marine areas under a licence, sub-licence or contract and produces less than 4,000 barrels of crude oil per day.”
- “On 21 May 2024, the board of directors of each of Touchstone and Trinity announced that they have reached agreement on the terms of a recommended all share offer pursuant to which Touchstone will acquire the entire issued and to be issued ordinary share capital of Trinity (the "Acquisition"). The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006. Trinity Shareholders shall be entitled to receive 1.5 new Touchstone shares for each Trinity share. Further information on the transaction can be found on our website at https://trinityexploration.com/.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AMBA SECRETARIES LIMITED | Corporate Secretary | 2018-09-28 | — | — |
| BRASH, Daniel Cuthbert | Director | 2024-11-05 | Jan 1977 | Trinidadian |
| BRASH, David Bernard | Director | 2024-11-05 | Sep 1963 | Trinidadian |
| BRASH, JR., Charles Anthony | Director | 2024-11-05 | Oct 1962 | Trinidadian |
| BRASH, SNR., Charles Anthony | Director | 2024-11-05 | Oct 1939 | Trinidadian |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATEMAN, Amanda | Secretary | 2011-02-21 | 2018-09-28 |
| BRASH, Charles Anthony | Director | 2013-02-13 | 2015-10-29 |
| BRIDGLALSINGH, Jeremy | Director | 2017-01-11 | 2024-11-05 |
| CLAYTON, Nicholas John | Director | 2018-11-28 | 2024-11-05 |
| COOKE, Jonathan Gervaise Fitzpatrick | Director | 2011-07-08 | 2013-02-13 |
| COOPER, Jonathan Robert | Director | 2023-08-08 | 2024-11-05 |
| DINGWALL, Bruce Alan Ian | Director | 2013-02-13 | 2021-08-03 |
| HARFORD, Ronald Frederick De Creeft | Director | 2013-02-13 | 2015-08-31 |
| HUDSON, Derek Ian George | Director | 2021-09-14 | 2024-11-05 |
| JOHN, Hywel Rhys Richard | Director | 2011-02-21 | 2013-02-13 |
| KENNEDY, Julian Peter | Director | 2023-08-08 | 2024-11-05 |
| MACFARLANE, David Archibald | Director | 2011-07-08 | 2015-08-19 |
| MENZIES, James Graeme | Director | 2017-06-23 | 2024-06-24 |
| MURPHY, Jonathan David | Director | 2013-02-13 | 2017-06-23 |
| O'SULLIVAN, Finian Rory | Director | 2011-02-21 | 2015-06-19 |
| PANNIKOV, Andrei | Director | 2011-02-21 | 2013-02-13 |
| PEMBERTON, Joel Montgomery Christopher | Director | 2013-02-13 | 2015-11-13 |
| SEGEL, David Alexander | Director | 2017-01-11 | 2022-02-22 |
| VAN HECKE, Kaat Juliana M | Director | 2022-02-22 | 2024-11-05 |
| WINTHER, Angus Christian | Director | 2017-01-11 | 2023-06-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Charles Anthony Brash, Jr. | Individual | Shares 25–50%, Voting 25–50% | 2024-11-04 | Active |
| Mr Daniel Cuthbert Brash | Individual | Shares 25–50%, Voting 25–50% | 2024-11-04 | Active |
| Mr David Bernard Brash | Individual | Shares 25–50%, Voting 25–50% | 2024-11-04 | Active |
Filing timeline
Last 20 of 166 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-25 CERT10 Certificate re registration public limited company to private
- 2025-02-25 RR02 Reregistration public to private company
- 2025-02-25 RESOLUTIONS Resolution
- 2024-11-12 MA Memorandum articles
- 2024-11-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-18 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-04-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-16 | DISS16(SOAS) | dissolution | Dissolved compulsory strike off suspended | |
| 2025-12-30 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-07 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-07 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-07 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-04 | AD03 | address | Move registers to sail company with new address | |
| 2025-03-04 | AD02 | address | Change sail address company with old address new address | |
| 2025-03-03 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-02-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-25 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2025-02-25 | RR02 | change-of-name | Reregistration public to private company | |
| 2025-02-25 | MAR | incorporation | Re registration memorandum articles | |
| 2025-02-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-21 | AUD | auditors | Auditors resignation company | |
| 2024-11-18 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2024-11-12 | MA | incorporation | Memorandum articles | |
| 2024-11-12 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- 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.