How much does Ineos Upstream Limited make?

Ineos Upstream Limited reported revenue of £0 and a loss of £5.5m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

Is Ineos Upstream Limited profitable?

No — Ineos Upstream Limited reported a loss of £5.5m in the year to 31 Dec 2023.

Company No. 09121775 · Incorporated 8 Jul 2014

Ineos Upstream Limited

Registered name: INEOS UPSTREAM LIMITED

Part of Ineos Industries Limited group

Ineos Upstream Limited made £0 revenue and a £5.5m loss in the year to 31 Dec 2023.

Ineos Upstream Limited’s revenue was £0 in the year to 31 Dec 2023, with a loss of £5.5m. The company is classified under “extraction of natural gas” and is based in Lyndhurst.

Full P&L filedSIC 06200Extraction of natural gas

Status: Active
Location: Lyndhurst
Age: 12 yrs · since 2014
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

Revenue

£0

Growth —

Profit

−£5.5m

Growth —

Profit margin

—

Employees

—

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

1 filed year

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023
Disclosure	Full P&L
Profit & loss
Revenue (turnover)	£0
Cost of sales	−£3.6m
Gross profit	−£3.6m
Operating profit	−£4.2m
Profit before tax	−£5.5m
Profit after tax	−£5.5m
Profit (best available)	−£5.5m
Employees (average)	—
Ratios
Profit margin	—
Balance sheet — indirect signals, not revenue
Net assets	—
Source	Accounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: —; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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.

Indirect — not revenue

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: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Ineos Industries Limitedultimate parent75–100%
Ineos Industries Holdings Limited75–100%
Ineos Upstream Holdings Limited75–100%
Ineos Upstream Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Ineos 120 Exploration LimitedFigures not disclosed

Sister companies (2)

Ineos Offshore BCS LimitedFigures not disclosed
Ineos Upstream Services LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit −£5.5m), from the Companies House accounts bulk data published Nov 2025. Spotted an error? Request a correction.

Updated from Companies House on 19 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.