NOSTRUM OIL & GAS PLC
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Cash
£107M
USD 143,288,000
-4.7% vs 2024
Net assets
-£230M
USD -307,229,000
-52,597.9% vs 2024
Employees
—
Average over period
Profit before tax
-£3.6M
USD -4,776,000
-23.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to Note 2 to the Group financial statements on page 113 and Note 2 to the Parent Company financial statements on page 140 which explains that the Group discloses a material uncertainty regarding the Group's Senior Secured Notes (SSNs) and Senior Unsecured Notes (SUNs) that are due to mature on 30 June 2026.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £102,617,158 | £88,351,550 | -13.9% | |
| Operating profit | -£20,068,873 | -£174,316,514 | -768.6% | |
| Profit before tax | -£2,891,900 | -£3,575,386 | -23.6% | |
| Net profit | — | — | — | |
| Cash | £112,605,929 | £107,267,555 | -4.7% | |
| Total assets less current liabilities | £315,280,731 | £282,400,809 | -10.4% | |
| Net assets | -£436,443 | -£229,996,257 | -52,597.9% | |
| Equity | -£436,443 | -£229,996,257 | -52,597.9% | |
| Average employees | — | — | — | |
| Wages | £378,799 | £354,844 | -6.3% | |
| Directors' remuneration | — | — | — |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | -19.6% | -197.3% | |
| Return on capital employed | -6.4% | -61.7% | |
| Gearing (liabilities / total assets) | 100.1% | 161.2% | |
| Current ratio | 1.10x | 1.53x | |
| Interest cover | -0.23x | -1.59x |
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 1 time since incorporation
- NOSTRUM OIL & GAS PLC 2014-04-24 → present
- NOSTRUM OIL PLC 2013-10-03 → 2014-04-24
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- RPG Crouch Chapman LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 2 to the Group financial statements on page 113 and Note 2 to the Parent Company financial statements on page 140 which explains that the Group discloses a material uncertainty regarding the Group's Senior Secured Notes (SSNs) and Senior Unsecured Notes (SUNs) that are due to mature on 30 June 2026.”
Group structure
- NOSTRUM OIL & GAS PLC · parent
- Nostrum Oil & Gas Holding Limited 100%
- Nostrum Oil & Gas BV 100%
- Nostrum Oil & Gas Coöperatief UA 100%
- Nostrum Oil & Gas Finance B.V. 100%
- Nostrum Services N.V. 100%
- Nostrum Associated Investments LLP 100%
- Nostrum Services LLP 100%
- Zhaikmunai LLP 100%
- Midstream Energy Company LLP 100%
- Positiv Invest LLP 80%
Significant events
- “On 30 March 2026, the Group announced that it had reached an in principle agreement with an ad hoc group of beneficial owners of the SSNs and the SUNs regarding the key commercial terms of a proposed extension of the maturity date of the SSNs and the SUNs to 31 December 2030.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MUFG CORPORATE GOVERNANCE LIMITED | Corporate Secretary | 2026-05-18 | — | — |
| GLADUN, Viktor | Director | 2024-08-15 | Apr 1971 | Ukrainian |
| GUDGEON, Martin Richard | Director | 2023-02-14 | Mar 1967 | British |
| HART, James Geoffrey Jack | Director | 2025-10-23 | Jul 1987 | British |
| IVIN, Nikolay | Director | 2025-07-15 | Jun 1972 | British |
| WYNNE, Robert Stephen | Director | 2025-11-20 | Mar 1958 | Canadian |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARTNETT, Thomas | Secretary | 2013-10-03 | 2026-05-18 |
| BYRNE, Simon | Director | 2017-11-16 | 2021-01-04 |
| CALVEY, Michael John | Director | 2017-04-25 | 2020-09-04 |
| COCKER, Martin Robert | Director | 2017-11-16 | 2023-02-14 |
| CODRINGTON, BT, Christopher, Sir | Director | 2014-05-19 | 2023-02-14 |
| COX, Christopher Martin | Director | 2023-02-14 | 2024-05-31 |
| EVERAERT, Piet | Director | 2014-05-19 | 2017-05-19 |
| GUPTA, Atul, Mr. | Director | 2014-05-19 | 2023-02-14 |
| HOPKINSON, Simon Christopher | Director | 2023-02-14 | 2025-06-30 |
| JAIN, Pankaj | Director | 2017-11-16 | 2021-01-04 |
| JAIN, Pankaj | Director | 2014-05-19 | 2017-11-16 |
| KESSEL, Kai-Uwe | Director | 2013-10-03 | 2019-12-16 |
| KHAN, Arfan | Director | 2021-01-26 | 2025-06-30 |
| MARTIN, Mark | Director | 2014-05-19 | 2020-07-15 |
| MONSTREY, Frank | Director | 2013-10-03 | 2017-04-17 |
| MORGAN, Ralph Tavakolian | Director | 2019-02-28 | 2020-09-04 |
| MULLER, Jan-Ru | Director | 2013-10-03 | 2016-09-01 |
| PAULUS, Fiona Jane Mary | Director | 2023-02-14 | 2026-02-13 |
| RICHARDSON, Thomas Donald | Director | 2016-09-01 | 2020-03-31 |
| VAN HECKE, Kaat Juliana M | Director | 2016-12-31 | 2023-02-14 |
| VON DER LINDEN, Eike | Director | 2014-05-19 | 2016-12-31 |
| WHYTE, Stephen James | Director | 2023-02-14 | 2025-10-16 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 162 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | AA | accounts | Accounts with accounts type group | |
| 2026-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-19 | AUD | auditors | Auditors resignation company | |
| 2026-01-13 | AD02 | address | Change sail address company with old address new address | |
| 2025-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-16 | AUD | auditors | Auditors resignation company | |
| 2025-05-16 | SH03 | capital | Capital return purchase own shares | |
| 2025-05-01 | AA | accounts | Accounts with accounts type group | |
| 2025-04-29 | SH03 | capital | Capital return purchase own shares | |
| 2025-04-14 | SH07 | capital | Capital cancellation shares by plc | |
| 2025-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-06 | SH03 | capital | Capital return purchase own shares | |
| 2024-12-09 | SH07 | capital | Capital cancellation shares by plc | |
| 2024-08-15 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 5
- Officers appointed
- 4
- 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.