STENA DRILLING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-17 (in 6mo)
Last made up 2025-11-03
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£75M
-18% vs 2023
Employees
141
+8.5% vs 2023
Profit before tax
-£18M
-419.5% vs 2023
Name history
Renamed 2 times since incorporation
- STENA DRILLING LIMITED 1996-02-06 → present
- STENA HOULDER LIMITED 1989-10-11 → 1996-02-06
- HOULDER OFFSHORE LIMITED 1899-03-16 → 1989-10-11
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £39,595,256 | £41,493,699 | |
| Operating profit | £8,081,542 | £3,544,107 | |
| Profit before tax | -£3,441,809 | -£17,880,652 | |
| Net profit | -£4,298,740 | -£15,085,248 | |
| Cash | — | — | |
| Total assets less current liabilities | £96,965,159 | £79,151,964 | |
| Net assets | £91,557,450 | £75,064,492 | |
| Equity | £91,557,450 | £75,064,492 | |
| Average employees | 130 | 141 | |
| Wages | £15,000,741 | £16,604,151 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 20.4% | 8.5% | |
| Net margin | -10.9% | -36.4% | |
| Return on capital employed | 8.3% | 4.5% | |
| Current ratio | 1.20x | 1.18x | |
| Interest cover | 0.49x | 0.20x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The directors have forecast the expected cash requirements for the company for at least the next twelve months and are confident that these can be met. Based on this, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”
Group structure
- STENA DRILLING LIMITED · parent
- Subsea Leasing Limited 100%
- Stena HSD Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WYNESS, Stuart Maxwell | Secretary | 2011-03-31 | — | — |
| CLAESSON, Peter | Director | 2008-03-14 | Sep 1965 | Swedish |
| COUTTS, Graeme Forbes | Director | 2011-04-06 | Apr 1959 | British |
| ODUM III, Marvin Eugene | Director | 2019-08-20 | Dec 1958 | American |
| OLSSON, Dan Sten | Director | — | Feb 1947 | Swedish |
| RONSBERG, Erik Bergsvein | Director | 2017-01-01 | Nov 1972 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASSITER, Harry Stephen | Secretary | — | 1995-04-27 |
| COWIE, George Albert | Secretary | 1995-11-27 | 2011-03-31 |
| MATTIUZZO, Mauro | Secretary | 1995-04-27 | 1995-11-27 |
| ASSITER, Harry Stephen | Director | — | 1995-01-20 |
| BURNETT, Carl Joseph | Director | — | 1999-03-11 |
| CARLSSON, Svante Wilhelm, Mr. | Director | — | 2009-12-21 |
| EHRET, Thomas Michel Ernest | Director | — | 1995-01-20 |
| FAY, Christopher Ernest, Dr | Director | 1999-03-01 | 2019-08-19 |
| HAGMAN, Carl-Johan Wilheim Bertilsson | Director | 2011-12-01 | 2022-09-22 |
| HANSSON, Herbjorn | Director | 2004-09-21 | 2010-04-07 |
| JANSSON, Anders | Director | 2008-03-19 | 2022-10-01 |
| LOWHAGEN, Birger | Director | — | 1997-11-28 |
| RONSBERG, Erik Bergsvein | Director | 2016-03-31 | 2016-03-31 |
| WELO, Tom Peter Andreas Wiel | Director | 1995-11-27 | 2016-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stena Drilling (Holdings) Limited | Corporate entity | Significant influence | 2016-06-01 | Active |
Filing timeline
Last 20 of 278 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2024-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-12 | AA | accounts | Accounts with accounts type full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+4.8%
£39,595,256 £41,493,699
-
Cash
—
Not reported
-
Net assets
-18%
£91,557,450 £75,064,492
-
Employees
+8.5%
130 141
-
Operating profit
-56.1%
£8,081,542 £3,544,107
-
Profit before tax
-419.5%
-£3,441,809 -£17,880,652
-
Wages
+10.7%
£15,000,741 £16,604,151
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers