SOUND ENERGY MERIDJA LIMITED
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Cash
£2K
0% vs 2024
Net assets
-£117M
+6.5% vs 2024
Employees
0
Average over period
Profit before tax
-£370K
+99.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Company is reliant on continued funding from its parent Company, Sound Energy plc. Directors have received assurances from parent that support will continue. Parent Company's consolidated financial statements for 2025 stated a material uncertainty as to its ability to continue as a going concern, which indicates an uncertainty as to whether the parent will provide the required support.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Energy 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 | — | — | — | — | |
| Operating profit | -£27,000 | -£120,601,000 | -£132,000 | +99.9% | |
| Profit before tax | -£21,000 | -£120,601,000 | -£370,000 | +99.7% | |
| Net profit | -£21,000 | -£120,601,000 | -£370,000 | +99.7% | |
| Cash | £2,000 | £2,000 | £2,000 | 0% | |
| Total assets less current liabilities | -£1,701,000 | -£124,680,000 | — | — | |
| Net assets | -£1,701,000 | -£124,680,000 | -£116,517,000 | +6.5% | |
| Equity | -£1,701,000 | — | — | — | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | — | — |
Values shown as filed in the company's annual accounts. — 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 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 101.2% | 524.7% | 473.1% | |
| Current ratio | 0.10x | 0.01x | 0.01x | |
| Interest cover | — | — | -1.16x |
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
- SOUND ENERGY MERIDJA LIMITED 2016-09-13 → present
- SOUND ENERGY MAGHREB LTD 2016-05-10 → 2016-09-13
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Company is reliant on continued funding from its parent Company, Sound Energy plc. Directors have received assurances from parent that support will continue. Parent Company's consolidated financial statements for 2025 stated a material uncertainty as to its ability to continue as a going concern, which indicates an uncertainty as to whether the parent will provide the required support.”
Significant events
- “In May 2026, the Parent Company announced that it had entered into a binding agreement for the sale of Sound Energy Meridja Limited to Managem SA for aggregate proceeds of $57.0 million (subject to working capital adjustments). The transaction is expected to complete during 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AMBA SECRETARIES LIMITED | Corporate Secretary | 2018-07-27 | — | — |
| KELLY, Roy Thomas | Director | 2025-07-28 | Apr 1960 | British |
| MATHARU, Andrew Paul, Dr | Director | 2025-07-28 | Jul 1969 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATEMAN, Amanda | Secretary | 2017-06-01 | 2018-07-27 |
| DEMPSTER, Garry Stuart | Director | 2020-04-17 | 2025-04-30 |
| GALLAGHER, Sean Stuart | Director | 2025-02-21 | 2025-07-28 |
| HOOD, Susan Mary, Dr | Director | 2016-05-10 | 2017-04-24 |
| LACUHA, Frederic | Director | 2020-01-06 | 2020-03-02 |
| MADEDDU, Luca | Director | 2016-05-10 | 2018-04-16 |
| MITCHENER, Brian Christopher | Director | 2018-04-16 | 2020-03-31 |
| PARSONS, James | Director | 2016-05-10 | 2018-04-16 |
| SEGHIRI, Mohammed | Director | 2017-04-24 | 2025-02-21 |
| TRAYNOR, John Joseph, Dt | Director | 2018-04-16 | 2020-01-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sound Energy Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-05-10 | Active |
Filing timeline
Last 20 of 54 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-01-21 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-20 | AA | accounts | Accounts with accounts type full | |
| 2026-05-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-06 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-12 | AA | accounts | Accounts with accounts type full | |
| 2024-05-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-08-04 | AA | accounts | Accounts with accounts type full | |
| 2023-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-17 | CH01 | officers | Change person director company with change date | |
| 2022-08-17 | CH01 | officers | Change person director company with change date | |
| 2022-06-20 | AA | accounts | Accounts with accounts type full | |
| 2022-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-21 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.