TRINITY EXPLORATION & PRODUCTION LIMITED
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Cash
£4.5m
USD 6,021,000
-38.7% lowest in 3 filed years
Net assets
£35m
USD 47,115,000
-3.9% lowest in 3 filed years
Employees
270
-4.3% lowest in 3 filed years
Profit before tax
£219k
USD 295,000
+103.1% first positive since 2023
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £68,548,495 | £51,890,747 | £47,935,340 | -7.6% | |
| Operating profit | £14,099,591 | -£5,473,802 | £1,771,832 | +132.4% | |
| Profit before tax | £1,826,087 | -£7,082,126 | £219,249 | +103.1% | |
| Net profit | £69,119 | -£5,056,856 | -£1,687,105 | +66.6% | |
| Cash | £9,015,979 | £7,297,659 | £4,474,916 | -38.7% | |
| Total assets less current liabilities | £82,196,210 | £71,461,167 | £67,205,500 | -6% | |
| Net assets | £41,717,577 | £36,451,133 | £35,016,722 | -3.9% | |
| Equity | £41,717,577 | £36,451,133 | £35,016,722 | -3.9% | |
| Average employees | 276 | 282 | 270 | -4.3% | |
| Wages | £5,384,615 | £6,309,179 | £7,852,100 | +24.5% | |
| Directors' remuneration | £555,277 | £784,009 | £1,150,407 | +46.7% |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | 20.6% | -10.5% | 3.7% | |
| Net margin | 0.1% | -9.7% | -3.5% | |
| Return on capital employed | 17.2% | -7.7% | 2.6% | |
| Gearing (liabilities / total assets) | 54.8% | 57.0% | 53.5% | |
| Current ratio | 2.03x | 1.44x | 2.11x | |
| Interest cover | 14.17x | -3.33x | 1.12x |
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
- UK-adopted international accounting standards
- Reporting scope
- Consolidated group
- Auditor
- S&W Partners Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above considerations, executive management has concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for at least twelve months from the date of approval of the financial statements.”
Group structure
- TRINITY EXPLORATION & PRODUCTION LIMITED · parent
- Bayfield Energy Limited 99.99998%
- Trinity Exploration & Production (UK) Limited 100%
- Trinity Exploration and 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%
- Oilbelt Services Limited 100%
- Trinity Exploration and Production Services Limited 100%
- Trinity Midstream Limited 100%
- Trinity Exploration and Production (Erin 1) 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 Renewable Resources Limited 100%
- Trinity Exploration and Production plc Employee Benefit Trust 100%
Significant events
- “On 5 November 2024, the acquisition of the Company by Lease Operators Limited was completed by way of a Court sanctioned scheme of arrangement under Part 26 of the Companies Act 2006, (the "Scheme"). As a result of the Scheme becoming effective, the Company ceased to be admitted to trading on AIM and became wholly owned by Lease Operators Limited.”
- “On 24 June 2024, James Graeme Menzies resigned as a director of the Company.”
- “In accordance with the terms of the acquisition, and with effect from the Scheme becoming effective on 5 November 2024, the existing directors of the Company resigned, and a reconstituted Board was appointed by the new owner.”
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 169 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-25 RR02 Reregistration public to private company
- 2025-02-25 CERT10 Certificate re registration public limited company to private
- 2025-02-25 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | CH04 | officers | Change corporate secretary company with change date | |
| 2026-07-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-07-16 | AA | accounts | Accounts with accounts type group | |
| 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 | MAR | incorporation | Re registration memorandum articles | |
| 2025-02-25 | RR02 | change-of-name | Reregistration public to private company | |
| 2025-02-25 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2025-02-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-21 | AUD | auditors | Auditors resignation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.