# First OIL PLC (SC191745)

> Why UK company SC191745 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC191745

- **Status:** Administration ended
- **Administration began:** 2016-02-24
- **Administrators:** Blair Carnegie Nimmo, Richard James Beard, James Robert Tucker
- **Administrators' firm:** KPMG
- **Formerly:** Caskieben Limited
- **Incorporated:** 1998-12-07
- **Location:** Edinburgh
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action

## From the administrators' statement

The company was incorporated on 7 December 1998 in the name of Caskieben Limited. It changed its name to First Oil Limited on 7 April 1999 and was renamed First Oil Plc on 30 November 2000. The company is a holding company and has certain subsidiaries which are engaged in oil and gas exploration and production. The company accounts are reported on a group basis. For the year ending 30 April 2014 the Group reported a turnover of £138.1 million and made a loss before tax of £17.6 million.

The Joint Administrators were also appointed to FOEL, a trading entity within the group, on 19 February 2016.

The ultimate parent company of FOPLC is First Capital Developments Limited whose sole shareholder is lan Suttie.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC191745/filing-history/MzE0Njg1NzE5NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC191745

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.