PANORO EG EXPLORATION LIMITED
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Cash
£289K
USD 387,000
+32.1% vs 2024
Net assets
£8M
USD 10,954,000
+5,549.7% vs 2024
Employees
0
Average over period
Profit before tax
-£93K
USD -124,000
+4.6% vs 2024
Net assets
2-year trend · vs Industrials 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 | — | — | — | |
| Operating profit | -£97,182 | -£77,745 | +20% | |
| Profit before tax | -£97,182 | -£92,696 | +4.6% | |
| Net profit | -£97,182 | -£92,696 | +4.6% | |
| Cash | £219,033 | £289,303 | +32.1% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | -£150,258 | £8,188,682 | +5,549.7% | |
| Equity | -£150,258 | £8,188,682 | +5,549.7% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
Figures converted to GBP from USD at 0.748 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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 104.3% | 8.4% | |
| Current ratio | 0.15x | 1.17x | |
| Interest cover | — | -5.20x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- Lovewell Blake LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Company's ability to continue as a going concern is dependent on the willingness of its shareholder, Panoro Energy ASA, to continue to provide financial support to the Company as required. The shareholder has confirmed the intention to do so for a period of at least 12 months after the date of this report. The directors have therefore prepared the accounts on a going concern basis.”
Significant events
- “In February 2026, at the end of the initial 3-year period of exploration activities in Block EG-01, all work obligations had been fulfilled, and Kosmos withdrew from the partnership, transferring their interest to the Company. A one-year extension to the initial period was granted to mature the next phase investment decision. Following this extension, the partners will have the option to enter a two-year period (the Second Exploration Sub-Period), during which they will undertake to drill one exploration well.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KEECH, Laurence Charles | Director | 2025-08-28 | Sep 1966 | British |
| QADEER, Qazi Muhammad Abdul | Director | 2022-10-06 | Feb 1978 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCKIM, Nigel Bruce | Director | 2022-10-06 | 2025-08-28 |
| MORTON, Richard | Director | 2022-10-06 | 2025-08-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Panoro Energy Asa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-10-06 | Active |
Filing timeline
Last 19 of 19 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-13 RESOLUTIONS Resolution
- 2023-03-24 RESOLUTIONS Resolution
- 2023-03-24 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-18 | AA | accounts | Accounts with accounts type full | |
| 2026-01-13 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-30 | SH01 | capital | Capital allotment shares | |
| 2025-09-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-07 | AA | accounts | Accounts with accounts type full | |
| 2024-08-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-16 | AA | accounts | Accounts with accounts type full | |
| 2023-11-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-08 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-10-04 | SH01 | capital | Capital allotment shares | |
| 2023-07-15 | CH01 | officers | Change person director company with change date | |
| 2023-07-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-24 | RESOLUTIONS | resolution | Resolution | |
| 2023-03-24 | MA | incorporation | Memorandum articles | |
| 2022-10-12 | AA01 | accounts | Change account reference date company current extended | |
| 2022-10-06 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 2
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.