Society of Petroleum Engineers Europe Limited
Registered name: SOCIETY OF PETROLEUM ENGINEERS EUROPE LIMITED
Part of Society Of Petroleum Engineers (Spe) Inc groupSociety of Petroleum Engineers Europe Limited made £4m revenue and a £1.7m loss in the year to 31 Mar 2025.
Society of Petroleum Engineers Europe Limited’s revenue grew 23% to £4m in the year to 31 Mar 2025, with a loss of £1.7m and 7 employees. The company is classified under “other professional, scientific and technical activities” and is based in Westminster; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Westminster, London
- Age
- 33 yrs · since 1993
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £2.4m | £3.2m | £4m |
| Cost of sales | £910k | £389k | — |
| Gross profit | £1.5m | £2.8m | — |
| Operating profit | −£595k | £1m | −£1.7m |
| Profit before tax | −£905k | £1.4m | −£1.7m |
| Profit after tax | −£905k | £1.4m | −£1.7m |
| Profit (best available) | −£905k | £1.4m | −£1.7m |
| Employees (average) | 23 | 21 | 7 |
| Ratios | |||
| Profit margin | −38.3% | 44.1% | −42.1% |
| Gross margin | 61.5% | 88% | — |
| Revenue per employee | £103k | £154k | £569k |
| Profit per employee | −£39.3k | £67.8k | −£239k |
| Growth (year on year) | |||
| Revenue growth | — | ▲36.6% | ▲23.2% |
| Profit growth | — | — | ▼217.7% |
| Headcount growth | — | ▼8.7% | ▼66.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £562k | £342k | — |
| Net assets | £4.6m | £6m | — |
| Fixed assets | £4.3m | £3.4m | — |
| Current assets | £1.2m | £3.6m | — |
| Debtors | £225k | £387k | — |
| Deferred income | £272k | £612k | — |
| Source | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2025 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −42.1%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £569k
- Revenue ÷ average employees.
- Profit per employee
- −£239k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼67%
- Now 7
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Society Of Petroleum Engineers (Spe) Inc (registered outside the UK register)ultimate parent75–100%
- Society of Petroleum Engineers Europe Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit −£1.7m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.