The company behind gas plans in North Yorkshire announced losses of more than £4 million in its annual accounts.

Egdon Resources, which has interests in proposals at Burniston, Foxholes and Ebberston South, reported a loss for 2025 after taxation of £4.34m, up from a loss of £3.76m in 2024.

Current assets were down slightly at £26.63m and current liabilities rose from £0.79m in 2024 to £2.57m in 2025.

Egdon is now privately-owned by the Texas-based Heyco Group. The accounts were published by Companies House this week (15 July 2026).

According to the accounts, Egdon paid its directors a total of £455,267. The highest paid received £247,635.

Site news

The accounts revealed that Egdon had written off £2.105m of value at Biscathorpe in Lincolnshire (PEDL253) after deciding to withdraw from an appeal against refusal of planning permission.

The company also impaired £178,000 of the value of the Keddington oil field in Lincolnshire because plans for the Keddington-6 well were “not an immediate priority for investment”. The net present value of the site had assumed no further action for improvement, the accounts said.

Egdon impaired another £448,000 off the value of the Kirkleatham gas field. It said a low carbon greenhouse was planned next to the Kirkleatham wellsite. If, constructed, Egdon would have to relinquish its easement for a gas pipeline. Based on this, the pre-tax value for the Kirkleatham wellsite was assessed at £0.975m, the accounts said.

The oil and gas licence, PEDL118, which contains the Dukes Wood oil field in Nottinghamshire, had been relinquished during 2025 and the value fully impaired in the accounts.

Egdon also revealed that operations had begun at Avington in Hampshire (PEDL070) to plug and abandon two wells. The value of Egdon’s interest was fully impaired at the end of the financial year (31 December 2025).

Key figures

Year ending 31 December 2025

Loss for the year after taxation: £4.344m (2024: £3.764m)

Turnover: £2.455m (2024: £3.168m)

Admin expenses: £0.875m (2024: £1.082m)

Other operating income: £132,461 (2024: £95,081)

Operating loss: £4.467m (2024: £3.956m)

Current assets: £25.634 (2024: 25.966m)

Current liabilities: £2.574 (2024: £0.794m)

Net assets: £20.615m (2024: 24.959m)

Employees: 9 (2024: 10)

Directors’ remuneration: £455,267 (2024: £521,417)

Highest paid director (excluding employer’s NI and pension contributions): £247,635 (2024: £245,395)

Book value of unconventional assets: £13.5m (2024: £13.2m)