eni ulx limited Company Information
Company Number
00936223
Next Accounts
Sep 2025
Shareholders
eni ult ltd
Group Structure
View All
Industry
Extraction of natural gas
+1Registered Address
eni house, 10 ebury bridge road, london, SW1W 8PZ
Website
www.eni.co.ukeni ulx limited Estimated Valuation
Pomanda estimates the enterprise value of ENI ULX LIMITED at £1.6b based on a Turnover of £766.2m and 2.04x industry multiple (adjusted for size and gross margin).
eni ulx limited Estimated Valuation
Pomanda estimates the enterprise value of ENI ULX LIMITED at £2.4b based on an EBITDA of £512.5m and a 4.65x industry multiple (adjusted for size and gross margin).
eni ulx limited Estimated Valuation
Pomanda estimates the enterprise value of ENI ULX LIMITED at £726.7m based on Net Assets of £576.7m and 1.26x industry multiple (adjusted for liquidity).
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Eni Ulx Limited Overview
Eni Ulx Limited is a live company located in london, SW1W 8PZ with a Companies House number of 00936223. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in July 1968, it's largest shareholder is eni ult ltd with a 100% stake. Eni Ulx Limited is a mature, mega sized company, Pomanda has estimated its turnover at £766.2m with rapid growth in recent years.
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Eni Ulx Limited Health Check
Pomanda's financial health check has awarded Eni Ulx Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs


6 Strong

2 Regular

1 Weak

Size
annual sales of £766.2m, make it larger than the average company (£56.9m)
£766.2m - Eni Ulx Limited
£56.9m - Industry AVG

Growth
3 year (CAGR) sales growth of 88%, show it is growing at a faster rate (14.7%)
88% - Eni Ulx Limited
14.7% - Industry AVG

Production
with a gross margin of 53.2%, this company has a comparable cost of product (53.2%)
53.2% - Eni Ulx Limited
53.2% - Industry AVG

Profitability
an operating margin of 44.4% make it more profitable than the average company (29%)
44.4% - Eni Ulx Limited
29% - Industry AVG

Employees
with 688 employees, this is above the industry average (40)
- Eni Ulx Limited
40 - Industry AVG

Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Eni Ulx Limited
- - Industry AVG

Efficiency
resulting in sales per employee of £1.1m, this is equally as efficient (£1.1m)
- Eni Ulx Limited
£1.1m - Industry AVG

Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Eni Ulx Limited
- - Industry AVG

Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Eni Ulx Limited
- - Industry AVG

Stock Days
it holds stock equivalent to 48 days, this is more than average (22 days)
48 days - Eni Ulx Limited
22 days - Industry AVG

Cash Balance
has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (7 weeks)
35 weeks - Eni Ulx Limited
7 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 54.2%, this is a lower level of debt than the average (66.8%)
54.2% - Eni Ulx Limited
66.8% - Industry AVG
ENI ULX LIMITED financials

Eni Ulx Limited's latest turnover from December 2023 is £766.2 million and the company has net assets of £576.7 million. According to their latest financial statements, we estimate that Eni Ulx Limited has 688 employees and maintains cash reserves of £127.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 766,169,723 | 653,404,435 | 480,004,874 | 115,347,307 | 173,519,819 | 205,598,453 | 162,594,202 | 72,986,817 | 128,330,235 | 110,290,093 | 115,437,834 | 133,313,592 | 207,649,559 | 153,500,000 | 187,100,000 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | 340,296,171 | 280,302,310 | 101,947,356 | -56,686,977 | 63,807,225 | 32,712,379 | -11,618,611 | -61,596,987 | -132,657,218 | -61,029,009 | 14,693,286 | 141,604,975 | -37,724,747 | 25,000,000 | 54,000,000 |
Interest Payable | 20,735,057 | 12,970,153 | 10,327,403 | 11,351,856 | 24,771,830 | 13,092,385 | 8,938,305 | 8,007,533 | 6,737,918 | 6,294,472 | 2,635,567 | 5,211,726 | 5,034,325 | 5,200,000 | 5,200,000 |
Interest Receivable | 21,744,801 | 10,623,801 | 4,420,342 | 8,706,637 | 26,175,223 | 8,612,712 | 7,025,041 | 141,619 | |||||||
Pre-Tax Profit | 354,127,983 | 277,203,253 | 62,484,361 | -15,923,308 | 103,238,994 | 54,000,303 | 81,181,768 | 221,402,637 | -70,157,218 | -34,756,431 | 115,701,390 | 214,273,023 | 64,661,654 | 59,100,000 | 75,000,000 |
Tax | -158,357,247 | -128,777,718 | -41,862,865 | 40,538,630 | 39,608,747 | -33,338,137 | -26,002,844 | 15,896,045 | -9,031,199 | 14,495,618 | 27,657,684 | -59,627,329 | -35,100,000 | -15,200,000 | |
Profit After Tax | 195,770,736 | 148,425,535 | 20,621,496 | 24,615,322 | 142,847,740 | 20,662,166 | 55,178,924 | 237,298,682 | -70,157,218 | -43,787,630 | 130,197,009 | 241,930,708 | 5,034,325 | 24,000,000 | 59,800,000 |
Dividends Paid | 197,487,953 | 612,769,322 | 107,289,964 | 35,200,000 | 33,700,000 | ||||||||||
Retained Profit | 195,770,736 | 148,425,535 | 20,621,496 | 24,615,322 | 142,847,740 | 20,662,166 | -142,309,029 | 237,298,682 | -70,157,218 | -43,787,630 | -482,572,313 | 241,930,708 | -102,255,639 | 6,900,000 | -1,400,000 |
Employee Costs | 107,433 | 301,318 | 697,026 | 10,331,144 | 14,100,283 | 8,705,952 | 9,480,222 | 7,700,000 | 7,300,000 | ||||||
Number Of Employees | 1 | 1 | 1 | 2 | 4 | 169 | 200 | 145 | 118 | 122 | 121 | ||||
EBITDA* | 512,502,110 | 404,695,772 | 259,772,524 | -8,299,618 | 91,621,325 | 68,244,842 | 234,474,287 | -11,460,641 | -112,918,216 | -7,662,835 | 42,762,074 | 167,071,365 | 10,918,601 | 25,000,000 | 54,000,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 685,410,112 | 698,064,144 | 1,205,594,281 | 1,132,141,522 | 669,910,780 | 235,985,285 | 346,220,871 | 352,004,520 | 301,812,268 | 309,455,391 | 350,135,073 | 365,827,658 | 710,755,149 | 683,200,000 | 697,500,000 |
Intangible Assets | 133,455,076 | 89,233,484 | 93,380,453 | 104,277,358 | 93,761,153 | 283,710,558 | 215,755,589 | 166,629,002 | 259,680,917 | 212,301,587 | 103,314,225 | 71,365,117 | 64,269,369 | 162,200,000 | 141,600,000 |
Investments & Other | 172,884,217 | 193,022,328 | 58,103,826 | 50,701,113 | 55,890,009 | 57,321,753 | 59,699,028 | 123,746,139 | 191,527,261 | 175,561,028 | 144,033,735 | 188,688,184 | 481,464,530 | 474,400,000 | 474,400,000 |
Debtors (Due After 1 year) | 141,183,686 | 147,167,925 | 133,415,971 | 11,886,377 | 27,198,830 | 27,721,280 | 26,641,883 | 46,289,637 | 33,100,000 | 27,400,000 | |||||
Total Fixed Assets | 991,749,405 | 980,319,957 | 1,170,405,394 | 1,089,250,954 | 641,803,422 | 519,695,843 | 561,976,459 | 518,633,521 | 561,493,184 | 521,756,978 | 453,449,298 | 437,192,774 | 775,024,517 | 845,400,000 | 839,100,000 |
Stock & work in progress | 47,673,598 | 39,620,195 | 34,694,938 | 55,581,281 | 37,759,982 | 27,037,317 | 23,099,770 | 14,474,576 | 13,398,389 | 26,272,577 | 19,503,195 | 16,997,334 | 22,098,725 | 21,800,000 | 24,900,000 |
Trade Debtors | 72,249,589 | 58,970,811 | 52,100,000 | 56,900,000 | |||||||||||
Group Debtors | 69,887,209 | 92,927,184 | 93,251,279 | 34,802,989 | 45,334,942 | 43,536,862 | 52,078,363 | 33,520,876 | |||||||
Misc Debtors | 20,952,198 | 18,442,050 | 21,965,400 | 49,566,854 | 59,557,001 | 22,386,733 | 76,495,586 | 2,500,000 | |||||||
Cash | 127,570,782 | 288,249,060 | 117,558,696 | 299,108,782 | 454,501,974 | 413,645,327 | 406,019,432 | 394,631,261 | 91,620,198 | 78,544,061 | 200,632,536 | 528,516,434 | 31,317,423 | 34,400,000 | 9,800,000 |
misc current assets | 340,490 | 14,250,310 | 18,130,816 | 1,449,562 | 10,364,229 | 20,700,000 | |||||||||
total current assets | 266,083,787 | 420,796,440 | 245,504,915 | 395,016,654 | 538,589,294 | 502,661,559 | 503,162,967 | 459,013,183 | 178,825,898 | 195,197,044 | 280,556,105 | 611,785,609 | 129,911,736 | 129,000,000 | 94,100,000 |
total assets | 1,257,833,193 | 1,401,116,397 | 1,415,910,309 | 1,484,267,608 | 1,180,392,716 | 1,022,357,402 | 1,065,139,426 | 977,646,704 | 740,319,082 | 716,954,022 | 734,005,403 | 1,048,978,383 | 904,936,253 | 974,400,000 | 933,200,000 |
Bank overdraft | 1 | 1 | |||||||||||||
Bank loan | 619,578 | 1,163,108 | 9,883,376 | ||||||||||||
Trade Creditors | 20,583,283 | 31,945,651 | 1,302,932 | 1,438,379 | 4,700,000 | 3,900,000 | |||||||||
Group/Directors Accounts | 133,966,853 | 195,253,587 | 1 | 1 | 1 | 118,449 | 1 | ||||||||
other short term finances | 19,400,000 | ||||||||||||||
hp & lease commitments | 177,242 | 201,795 | 103,176 | 207,165 | 416,849 | ||||||||||
other current liabilities | 54,325,941 | 57,930,637 | 146,865,706 | 218,484,036 | 124,010,530 | 88,831,917 | 55,923,057 | 125,238,417 | 89,993,803 | 102,969,346 | 49,219,212 | 46,372,517 | 59,823,469 | 49,500,000 | 32,900,000 |
total current liabilities | 188,470,038 | 253,386,020 | 146,968,885 | 218,691,202 | 124,427,380 | 109,415,200 | 87,868,710 | 125,238,418 | 90,613,383 | 104,132,458 | 59,102,589 | 47,793,900 | 61,261,850 | 54,200,000 | 56,200,000 |
loans | 2,453,488 | 5,272,564 | 4,218,224 | ||||||||||||
hp & lease commitments | 402,823 | 669,070 | 82,053 | 242,099 | 200,380 | ||||||||||
Accruals and Deferred Income | 14,095,415 | ||||||||||||||
other liabilities | 1,053,700 | 2,985,436 | 1,737,893 | 7,300,000 | 12,900,000 | ||||||||||
provisions | 492,215,146 | 370,677,510 | 878,386,546 | 905,474,042 | 695,768,610 | 655,766,079 | 781,676,276 | 318,279,472 | 333,643,122 | 379,584,016 | 450,681,951 | 325,969,794 | 370,840,142 | 327,200,000 | 313,800,000 |
total long term liabilities | 492,617,970 | 371,346,582 | 441,564,708 | 458,821,187 | 351,902,150 | 330,868,476 | 392,576,032 | 159,139,736 | 180,916,976 | 189,792,008 | 225,340,976 | 162,984,897 | 185,420,071 | 170,900,000 | 169,800,000 |
total liabilities | 681,088,007 | 624,732,602 | 588,533,593 | 677,512,389 | 476,329,530 | 440,283,676 | 480,444,742 | 284,378,154 | 271,530,359 | 293,924,466 | 284,443,565 | 210,778,797 | 246,681,921 | 225,100,000 | 226,000,000 |
net assets | 576,745,185 | 776,383,795 | 827,376,717 | 806,755,220 | 704,063,185 | 582,073,726 | 584,694,684 | 693,268,550 | 468,788,723 | 423,029,557 | 449,561,837 | 838,199,586 | 658,254,332 | 749,300,000 | 707,200,000 |
total shareholders funds | 576,745,185 | 776,383,795 | 827,376,716 | 806,755,220 | 704,063,186 | 582,073,726 | 584,694,684 | 693,268,550 | 468,788,724 | 423,029,557 | 449,561,837 | 838,199,585 | 658,254,331 | 749,300,000 | 707,200,000 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 340,296,171 | 280,302,310 | 101,947,356 | -56,686,977 | 63,807,225 | 32,712,379 | -11,618,611 | -61,596,987 | -132,657,218 | -61,029,009 | 14,693,286 | 141,604,975 | -37,724,747 | 25,000,000 | 54,000,000 |
Depreciation | 172,205,939 | 124,393,463 | 157,825,169 | 48,387,359 | 27,814,100 | 35,489,988 | 240,528,478 | 8,855,744 | 19,739,002 | 53,366,174 | 28,068,788 | 25,466,390 | 48,643,347 | ||
Amortisation | 42,475 | 5,564,420 | 41,280,602 | ||||||||||||
Tax | -158,357,247 | -128,777,718 | -41,862,865 | 40,538,630 | 39,608,747 | -33,338,137 | -26,002,844 | 15,896,045 | -9,031,199 | 14,495,618 | 27,657,684 | -59,627,329 | -35,100,000 | -15,200,000 | |
Stock | 8,053,403 | 4,925,257 | -20,886,343 | 17,821,299 | 10,722,665 | 3,937,547 | 8,625,194 | 1,076,187 | -12,874,188 | 6,769,382 | 2,505,861 | -5,101,391 | 298,725 | -3,100,000 | 24,900,000 |
Debtors | -2,087,777 | -141,507,781 | 52,464,051 | 3,220,001 | 104,885,623 | -27,377,303 | 23,954,459 | -8,910,750 | 13,949,295 | 13,278,778 | 3,063,201 | -66,877,613 | 37,585,223 | -1,600,000 | 86,800,000 |
Creditors | -20,583,283 | -11,362,369 | 31,945,651 | -1,302,932 | -135,447 | -3,261,621 | 800,000 | 3,900,000 | |||||||
Accruals and Deferred Income | -3,604,696 | -88,935,069 | -71,618,330 | 94,473,506 | 35,178,613 | 32,908,860 | -69,315,360 | 21,149,199 | 1,119,872 | 53,750,134 | 2,846,695 | -13,450,952 | 10,323,469 | 16,600,000 | 32,900,000 |
Deferred Taxes & Provisions | 121,537,636 | -507,709,036 | -27,087,496 | 209,705,432 | 40,002,531 | -125,910,197 | 463,396,804 | -15,363,650 | -45,940,894 | -71,097,935 | 124,712,157 | -44,870,348 | 43,640,142 | 13,400,000 | 313,800,000 |
Cash flow from operations | 466,112,177 | -184,143,526 | 87,626,126 | 315,376,650 | 70,219,645 | -46,017,245 | 601,918,885 | 18,055,516 | -158,814,345 | -54,089,995 | 177,944,550 | 208,251,306 | -35,890,687 | 25,400,000 | 277,700,000 |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | -20,138,111 | 134,918,502 | 7,402,713 | -5,188,896 | -1,431,744 | -2,377,275 | -64,047,111 | -67,781,122 | 15,966,233 | 31,527,293 | -44,654,449 | -292,776,346 | 7,064,530 | 474,400,000 | |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | -619,578 | -543,530 | -8,720,268 | 9,883,376 | |||||||||||
Group/Directors Accounts | -61,286,734 | 195,253,587 | -1 | 1 | -1 | 1 | -118,449 | 118,448 | 1 | ||||||
Other Short Term Loans | -19,400,000 | 19,400,000 | |||||||||||||
Long term loans | -2,453,488 | -2,819,076 | 1,054,340 | 4,218,224 | |||||||||||
Hire Purchase and Lease Commitments | -290,800 | 685,636 | -264,035 | -167,965 | 617,229 | ||||||||||
other long term liabilities | -1,053,700 | 1,053,700 | -2,985,436 | 1,247,543 | 1,737,893 | -7,300,000 | -5,600,000 | 12,900,000 | |||||||
share issue | |||||||||||||||
interest | 1,009,744 | -2,346,352 | -5,907,061 | -2,645,219 | 1,403,393 | -4,479,673 | -1,913,264 | -7,865,914 | -6,737,918 | -6,294,472 | -5,211,726 | -5,034,325 | -5,200,000 | -5,200,000 | |
cash flow from financing | -455,977,136 | -8,279,073 | -10,043,872 | 77,371,567 | -17,604,869 | -26,515,255 | 33,559,792 | -21,304,348 | 108,634,937 | 2,240,611 | -67,078,732 | -1,124,354 | 5,000,000 | 735,700,000 | |
cash and cash equivalents | |||||||||||||||
cash | -160,678,278 | 170,690,364 | -181,550,086 | -155,393,192 | 40,856,647 | 7,625,895 | 11,388,171 | 303,011,063 | 13,076,137 | -122,088,475 | -327,883,898 | 497,199,011 | -3,082,577 | 24,600,000 | 9,800,000 |
overdraft | -1 | 1 | |||||||||||||
change in cash | -160,678,278 | 170,690,364 | -181,550,086 | -155,393,192 | 40,856,647 | 7,625,895 | 11,388,171 | 303,011,064 | 13,076,137 | -122,088,476 | -327,883,898 | 497,199,011 | -3,082,577 | 24,600,000 | 9,800,000 |
eni ulx limited Credit Report and Business Information
Eni Ulx Limited Competitor Analysis

Perform a competitor analysis for eni ulx limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mega companies, companies in SW1W area or any other competitors across 12 key performance metrics.
eni ulx limited Ownership
ENI ULX LIMITED group structure
Eni Ulx Limited has 2 subsidiary companies.
Ultimate parent company
ENI SPA
#0004421
2 parents
ENI ULX LIMITED
00936223
2 subsidiaries
eni ulx limited directors
Eni Ulx Limited currently has 4 directors. The longest serving directors include Mr Alberto Tonna (Apr 2016) and Mr Francesco Pagano (Mar 2022).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Alberto Tonna | 62 years | Apr 2016 | - | Director | |
Mr Francesco Pagano | 56 years | Mar 2022 | - | Director | |
Mr Luciano Vasques | England | 62 years | Oct 2022 | - | Director |
Mr Manfredi Giusto | United Kingdom | 60 years | Oct 2024 | - | Director |
P&L
December 2023turnover
766.2m
+17%
operating profit
340.3m
+21%
gross margin
53.3%
+4.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
576.7m
-0.26%
total assets
1.3b
-0.1%
cash
127.6m
-0.56%
net assets
Total assets minus all liabilities
eni ulx limited company details
company number
00936223
Type
Private limited with Share Capital
industry
06200 - Extraction of natural gas
06100 - Extraction of crude petroleum
incorporation date
July 1968
age
57
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
lasmo (ulx) limited (April 2003)
ultramar exploration limited (July 1992)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
eni house, 10 ebury bridge road, london, SW1W 8PZ
Bank
CITIBANK N.A.
Legal Advisor
-
eni ulx limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to eni ulx limited. Currently there are 0 open charges and 2 have been satisfied in the past.
eni ulx limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for ENI ULX LIMITED. This can take several minutes, an email will notify you when this has completed.
eni ulx limited Companies House Filings - See Documents
date | description | view/download |
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