ELAND OIL & GAS LIMITED

🌳Matureactive
SC364753 · ltd · incorporated 2009-08-28
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: SIC 06100
Sector: Mining & quarrying
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

25 live charges · 9 lenders · oldest 11.4y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · 9 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (55/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
25 charges (25/25 with lender, 25/25 with type)
90
Directors & officers
26 officers (3 active, 26 linked, 22 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
218 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (97 events)Click to expand
  1. 2025-05-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-10-29
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  3. 2024-10-29
    📄
    legacy
    capital · SH20
  4. 2024-10-29
    ⚠️
    legacy
    insolvency · CAP-SS
  5. 2024-10-29
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2024-08-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2023-08-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2022-09-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2022-08-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2022-07-27
    ➕
    UDEH, Pius Ozoemenam appointed
    director
  12. 2022-07-27
    ➖
    NJOKU, Chima Godwin resigned
    director
  13. 2021-08-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  14. 2021-07-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2021-07-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2021-07-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2021-07-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2021-07-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2021-07-12
    🔒
    Charge registered #25
    Lender: Stanbic Ibtc Trustees Limited as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
  20. 2021-07-12
    🔒
    Charge registered #24
    Lender: Stanbic Ibtc Trustees Limited as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
  21. 2021-07-12
    🔒
    Charge registered #23
    Lender: Stanbic Ibtc Trustees Limited as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
  22. 2021-07-12
    🔒
    Charge registered #22
    Lender: Stanbic Ibtc Trustees Limited as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
  23. 2021-07-12
    🔒
    Charge registered #21
    Lender: Stanbic Ibtc Trustees Limited as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
  24. 2021-06-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  25. 2021-03-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2021-03-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  27. 2021-03-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  28. 2021-03-17
    🔒
    Charge registered #20
    Lender: Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
  29. 2021-03-17
    🔒
    Charge registered #19
    Lender: Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
  30. 2021-03-17
    🔒
    Charge registered #18
    Lender: Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
  31. 2020-11-16
    ➖
    OKON, Effiong Udofia resigned
    director
  32. 2020-09-11
    ➕
    STRONACHS SECRETARIES LIMITED appointed
    corporate-secretary
  33. 2020-09-11
    ➖
    NEILSON, Ewan Craig resigned
    nominee-secretary
  34. 2020-01-31
    ➖
    BAIN, Ronald Yeats resigned
    director
  35. 2020-01-31
    ➖
    MAXWELL, George Walter Mitchell resigned
    director
  36. 2019-12-18
    ➕
    BROWN, Roger Thompson appointed
    director
  37. 2019-12-18
    ➕
    NJOKU, Chima Godwin appointed
    director
  38. 2019-12-18
    ➕
    OKON, Effiong Udofia appointed
    director
  39. 2019-12-17
    ➖
    GAY, Nicholas Hugo resigned
    director
  40. 2019-12-17
    ➖
    HARVEY, Russell Seth resigned
    director
  41. 2019-12-17
    ➖
    O'CATHAIN, Brian John resigned
    director
  42. 2019-12-17
    ➖
    OBI, Henry Awele resigned
    director
  43. 2019-12-17
    ➖
    STOUPNITZKY, Gregory Alexis resigned
    director
  44. 2019-12-17
    ➖
    TURCAN, Henry Arthur John resigned
    director
  45. 2018-11-28
    🔒
    Charge registered #17
    Lender: Stanbic Ibtc Trustees Limited as Security Agent for the Secured Parties, as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
  46. 2018-11-28
    🔒
    Charge registered #16
    Lender: Stanbic Ibtc Trustees Limited in Its Capacity as Security Agent for the Secured Parties, as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
  47. 2018-11-28
    🔒
    Charge registered #15
    Lender: Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
  48. 2018-11-28
    🔒
    Charge registered #14
    Lender: Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
  49. 2018-11-28
    🔒
    Charge registered #13
    Lender: Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
  50. 2018-11-28
    🔒
    Charge registered #12
    Lender: Stanbic Ibtc Trustees Limited as Successor Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
Showing most recent 50 of 97 events

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med · 1 low
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-10-29: legacy

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

23 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Seplat Energy Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Seplat Energy Plc
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ELAND OIL & GAS LIMITED
This company · SC364753

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Seplat Energy Plc
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control17/12/2019
1 historic (ceased) PSC
  • Lombard Odier Asset Management (Europe) Limitedceased 27/12/2017· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2009-08-28
Jurisdictionscotland
Primary SIC06100 — SIC 06100

Registered office

28 Albyn Place
Aberdeen
AB10 1YL
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-11
Last: 2025-08-28

Officers (3 active · 23 resigned)

STRONACHS SECRETARIES LIMITED→
corporate-secretary · appointed 2020-09-11
View their other companies + combined net worth →
Active
BROWN, Roger Thompson→
director · ~56y · appointed 2019-12-18
View their other companies + combined net worth →
Active
UDEH, Pius Ozoemenam→
director · ~59y · appointed 2022-07-27
View their other companies + combined net worth →
Active
NEILSON, Ewan Craig→
nominee-secretary · appointed 2013-05-20 · resigned 2020-09-11
Resigned
SHEACH, David Alexander→
secretary · appointed 2012-02-08 · resigned 2013-05-20
Resigned
STRONACHS SECRETARIES LIMITED→
corporate-secretary · appointed 2009-08-28 · resigned 2012-02-08
Resigned
BAIN, Ronald Yeats→
director · ~59y · appointed 2017-08-01 · resigned 2020-01-31
Resigned
BARTLETT, Andrew Donald→
director · ~69y · appointed 2013-01-01 · resigned 2014-09-15
Resigned
BLAIR, Ian Leslie→
director · ~73y · appointed 2009-09-28 · resigned 2014-09-08
Resigned
CASTRO, Louis Emmanuel→
director · ~68y · appointed 2012-09-03 · resigned 2016-05-31
Resigned
EDE-GOLIGHTLY, James Lawrence→
director · ~47y · appointed 2013-01-01 · resigned 2014-02-07
Resigned
GAY, Nicholas Hugo→
director · ~71y · appointed 2018-06-22 · resigned 2019-12-17
Resigned
HARVEY, Russell Seth→
director · ~74y · appointed 2012-09-03 · resigned 2019-12-17
Resigned
KRIJGER, Giles Jacobus→
director · ~79y · appointed 2012-02-08 · resigned 2014-02-07
Resigned
LAMBERT, Robert Alexander→
director · ~77y · appointed 2012-09-03 · resigned 2015-12-31
Resigned
MAXWELL, George Walter Mitchell→
director · ~60y · appointed 2009-09-28 · resigned 2020-01-31
Resigned
NEILSON, Ewan Craig→
nominee-director · ~68y · appointed 2009-08-28 · resigned 2009-09-28
Resigned
NJOKU, Chima Godwin→
director · ~59y · appointed 2019-12-18 · resigned 2022-07-27
Resigned
NORRIS, Richard John Hugh→
director · ~60y · appointed 2014-09-15 · resigned 2016-07-11
Resigned
O'CATHAIN, Brian John→
director · ~67y · appointed 2017-10-01 · resigned 2019-12-17
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

25
Total charges
23
Outstanding
8
Active lenders
Status:Lender:25 of 25 shown
TypeProperties
outstanding
Stanbic Ibtc Trustees as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
Stanbic Ibtc Trustees Limited as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge—12/07/2021—
outstanding
Stanbic Ibtc Trustees as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
Stanbic Ibtc Trustees Limited as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge—12/07/2021—
outstanding
Stanbic Ibtc Trustees as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
Stanbic Ibtc Trustees Limited as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge—12/07/2021—
outstanding
Stanbic Ibtc Trustees as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
Stanbic Ibtc Trustees Limited as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge—12/07/2021—
outstanding
Stanbic Ibtc Trustees as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
Stanbic Ibtc Trustees Limited as Security Agent (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge—12/07/2021—
outstanding
Stanbic Ibtc Trustees as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—17/03/2021—
outstanding
Stanbic Ibtc Trustees as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—17/03/2021—
outstanding
Stanbic Ibtc Trustees as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—17/03/2021—
outstanding
Stanbic Ibtc Trustees as Security Agent for the Secured Parties, as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
Stanbic Ibtc Trustees Limited as Security Agent for the Secured Parties, as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—28/11/2018—
outstanding
Stanbic Ibtc Trustees in Its Capacity as Security Agent for the Secured Parties, as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
Stanbic Ibtc Trustees Limited in Its Capacity as Security Agent for the Secured Parties, as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—28/11/2018—
outstanding
Stanbic Ibtc Trustees as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—28/11/2018—
outstanding
Stanbic Ibtc Trustees as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—28/11/2018—
outstanding
Stanbic Ibtc Trustees as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
Stanbic Ibtc Trustees Limited as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—28/11/2018—
outstanding
Stanbic Ibtc Trustees as Successor Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
Stanbic Ibtc Trustees Limited as Successor Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—28/11/2018—
outstanding
Standard Chartered Bank as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—21/12/2017—
outstanding
Standard Chartered Bank as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—21/12/2017—
outstanding
Standard Chartered Bank as Security Agent as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01.
A registered charge—21/12/2017—
outstanding
Standard Chartered Bank as Security Agent.
A registered charge—20/03/2015—
outstanding
Standard Chartered Bank as Security Agent.
A registered charge—20/03/2015—
outstanding
Standard Chartered Bank as Security Agent for the Secured Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
A registered charge—20/03/2015—
outstanding
Standard Chartered Bank as Security Agent.
A registered charge—20/03/2015—
outstanding
Standard Chartered Bank as Security Agent.
A registered charge—20/03/2015—
outstanding
Standard Chartered Bank as Security Agent for the Secured Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
A registered charge—20/03/2015—
satisfied
Standard Chartered Bank
A registered charge—04/12/201416/04/2015
satisfied
Standard Chartered Bank
A registered charge—04/12/201416/04/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (218 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-29
accounts-with-accounts-type-full
accounts · AA
2025-05-20
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-10-29
legacy
capital · SH20
2024-10-29
legacy
insolvency · CAP-SS
2024-10-29
resolution
resolution · RESOLUTIONS
2024-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-28
accounts-with-accounts-type-full
accounts · AA
2024-08-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-28
accounts-with-accounts-type-full
accounts · AA
2023-08-08
accounts-with-accounts-type-full
accounts · AA
2022-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-30
appoint-person-director-company-with-name-date
officers · AP01
2022-08-30
termination-director-company-with-name-termination-date
officers · TM01
2022-08-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-01