SHELL UPSTREAM OVERSEAS SERVICES (I) LIMITED
Operating as a subsidiary of Enterprise Oil Middle East Limited within the wider Shell group, the company is engaged in the upstream exploration and extraction of crude petroleum.
Get an alert when SHELL UPSTREAM OVERSEAS SERVICES (I) LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£115K
USD 153,000
-31.7% vs 2023
Net assets
£76M
USD 100,957,000
-81.5% vs 2023
Employees
0
Average over period
Profit before tax
£21M
USD 27,968,000
-90.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | £12,873,933 | £21,287,618 | +65.4% | |
| Operating profit | -£3,205,570 | £2,462,195 | +176.8% | |
| Profit before tax | £223,417,428 | £20,937,266 | -90.6% | |
| Net profit | £165,720,168 | £14,714,778 | -91.1% | |
| Cash | £167,690 | £114,538 | -31.7% | |
| Total assets less current liabilities | £437,647,851 | £103,125,468 | -76.4% | |
| Net assets | £409,303,788 | £75,577,931 | -81.5% | |
| Equity | £409,303,788 | £75,577,931 | -81.5% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £0 | £0 | — |
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 |
|---|---|---|---|
| Operating margin | -24.9% | 11.6% | |
| Net margin | — | 69.1% | |
| Return on capital employed | -0.7% | 2.4% | |
| Current ratio | 8.94x | 1.73x | |
| Interest cover | -1.04x | 1.85x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's abili”
Significant events
- “On December 5, 2024, Shell and Equinor ASA, announced the combination of their UK offshore oil and gas assets and expertise to form a new company which will be the UK North Sea's biggest independent producer. On deal completion, the new independent producer will be jointly owned by Equinor (50%) and Shell (50%).”
- “On 30 May 2024, the board approved the share capital reduction in aggregate amount of $1,512,109 thousands (966,290,387 shares) which is supported by a solvency statement.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PECTEN SECRETARIES LIMITED | Corporate Secretary | 2022-11-01 | — | — |
| CHOPRA, Avinash | Director | 2025-12-01 | Aug 1989 | Indian |
| SIDDIQUI, Muhammad Hisham | Director | 2026-02-02 | Feb 1978 | Pakistani |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SHELL CORPORATE SECRETARY LIMITED | Corporate Secretary | 2011-06-03 | 2022-11-01 |
| BROCKLEBANK, Andrew Edward | Director | 2020-04-01 | 2025-12-01 |
| CHAUHAN, Aman | Director | 2023-04-14 | 2025-02-06 |
| DIBUA, Egbeazien Philippa Cornelia | Director | 2024-06-01 | 2025-12-01 |
| EIDE, Marianne Wold | Director | 2016-10-18 | 2021-05-31 |
| GORDON, Jonathan Stuart | Director | 2011-06-03 | 2013-12-31 |
| HADFIELD, John Paul Simeon | Director | 2016-10-18 | 2017-01-09 |
| HAND, Austin Francis | Director | 2011-06-03 | 2015-02-28 |
| JAIN, Saurabh | Director | 2021-10-01 | 2024-06-01 |
| JONES, Howard Edwin Lotgering | Director | 2018-05-28 | 2021-09-30 |
| KEMSHELL, David Michael | Director | 2015-03-01 | 2016-09-30 |
| KLAP, Frits Michiel Alexander | Director | 2016-10-18 | 2017-12-31 |
| MAXWELL, Robert James | Director | 2020-04-01 | 2023-01-10 |
| OUELLETTE, Shannon Lorraine | Director | 2018-02-12 | 2020-03-31 |
| SMART, Erica Jane | Director | 2021-07-05 | 2024-06-01 |
| SPROUSE, Rolynda Ann | Director | 2014-01-31 | 2016-10-31 |
| VAN BUNNIK, Johannes Simon Maria | Director | 2017-03-01 | 2018-04-16 |
| VASEY, Bethan Sara | Director | 2025-02-06 | 2025-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Enterprise Oil Middle East Limited | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm), Appoints directors (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 87 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-25 | AA | accounts | Accounts with accounts type full | |
| 2024-08-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-28 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-05-28 | CAP-SS | insolvency | Legacy | |
| 2024-05-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-28 | SH20 | capital | Legacy | |
| 2024-03-08 | SH01 | capital | Capital allotment shares | |
| 2024-03-08 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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.