NEO NEXT+ ENERGY (UKCS) LIMITED

Active
Company number 02669936Private limited companyIncorporated 1991

Key figures

−106,530,000 USD-12.8%
Net assets 2025
-150 m-100 m-50 m020242025

Amounts are in USD (the currency of the accounts).

† NEO NEXT+ ENERGY (UKCS) LIMITED filed these accounts on paper, so Companies House publishes them only as a scanned image. The figures for the years marked † were read automatically from the scan and kept only where the statements add up (for example net assets equal total equity), but a reading error is still possible — check the original accounts at Companies House.

Like most small UK companies, NEO NEXT+ ENERGY (UKCS) LIMITED does not publish a profit and loss account in its latest accounts. The figures below come from the balance sheet.

Ratios

2025

Sector comparison

SIC 06100

Where the company stands among the 1,134 active companies whose first SIC code is 06100 (Extraction of crude petroleum).

Company age34.9 years
Older than 88% · median 14.1 years
Largest in this sector by net assets
  1. ENI UK LIMITED£1.3bn
  2. SABAH SHELL PETROLEUM COMPANY LIMITED£1.2bn
  3. CHEVRON BRITAIN LIMITED£1.2bn
  4. NEO NEXT+ ENERGY E&P NORTH SEA UK LIMITED£1bn
  5. SPIRIT ENERGY PRODUCTION UK LIMITED£909.3m
  6. CHRYSAOR PRODUCTION (U.K.) LIMITED£888.7m
  7. ESSO EXPLORATION AND PRODUCTION UK LIMITED£687m
  8. INEOS E&P (UK) LIMITED£585.8m
  9. EQUINOR WOS LIMITED£525.9m
  10. NEO NEXT + ENERGY OFFSHORE GB LIMITED£518.6m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant. The line on each bar marks the median.

Summary: NEO NEXT+ ENERGY (UKCS) LIMITED

What kind of company is it?

NEO NEXT+ ENERGY (UKCS) LIMITED is a private limited company registered with Companies House under company number 02669936. It was incorporated on 10 Dec 1991. Its status is active. The registered office is in London (EC3A). Its nature of business (SIC 2007) is extraction of crude petroleum (06100).

How is the company doing financially?

The latest accounts in the database are for 2025 (period ending 31 Dec 2025); the company files audit-exempt subsidiary. Net assets were −106,530,000 USD, down 12.8% on the previous year. Total assets were 190,471,000 USD and total liabilities 556,052,000 USD. Figures are available for 2 financial years (2024–2025).

How does it compare with similar companies?

Compared with 1,134 active companies whose first SIC code is 06100: It is older than 88% of them (median age 14.1 years).

What do public registers and reports show?

In its latest payment practices report it took an average of 12 days to pay suppliers, and 0% of invoices were not paid within agreed terms.

Who runs and controls the company?

One person with significant control is registered. 6 of 14 registered charges are outstanding.

When are its next filings due?

The next accounts are due by 30 Sep 2027. The next confirmation statement is due by 22 Dec 2026.

Filed accounts2024–2025
2024 †2025 †
Cash at bank and in hand6,356,000—
Total assets215,390,000190,471,000
Total liabilities565,122,000556,052,000
Net assets / total equity-94,434,000-106,530,000

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

Statutory reporting

Payment practices1 Jul 2024 – 31 Dec 2024
Average time taken to pay invoices
12 days
Invoices not paid within agreed terms
0%
Standard payment terms
10–30 days
  • Within 30 days 100%
  • 31 to 60 days 0%
  • After 60 days 0%
Earlier periods (5)
Period ending
Days to pay
Within 30 days
Late
30 Jun 2024
12
100%
0%
31 Dec 2021
8
100%
3%
30 Jun 2021
10
100%
5%
31 Dec 2020
13
88%
15%
30 Jun 2020
14
90%
29%

View the latest report on GOV.UK

Figures the company reported itself to the government's Check payment practices service, Gender pay gap service and Modern slavery statement registry (Open Government Licence v3.0). Only large companies and employers with 250 or more staff have to report, so most companies have nothing here.

History

10 events
  1. Name changed to NEO NEXT+ ENERGY (UKCS) LIMITEDPreviously NEO ENERGY (UKCS) LIMITED
  2. Financial year 2025 endedAccounts: net assets −106.5m USD
  3. Financial year 2024 endedAccounts: net assets −94.4m USD
  4. Name changed to NEO ENERGY (UKCS) LIMITEDPreviously VERUS PETROLEUM (UKCS) LIMITED
  5. Neo Energy Upstream Uk Limited registered as a person with significant control
  6. Itochu Corporation ceased to be a person with significant control
  7. Name changed to CIECO EXPLORATION AND PRODUCTION (UK) LIMITEDPreviously VERUS PETROLEUM (UKCS) LIMITED LIMITED
  8. Name changed to VERUS PETROLEUM (UKCS) LIMITEDPreviously CIECO EXPLORATION AND PRODUCTION (UK) LIMITED
Earlier events (2)
  1. Itochu Corporation registered as a person with significant control
  2. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current and former persons with significant control, and the end of each financial year with figures in the database.