TECHNIP UK LIMITED

1. TECHNIP UK LIMITED 2006-09-12 → present
2. TECHNIP OFFSHORE UK LIMITED 2002-11-05 → 2006-09-12
3. COFLEXIP STENA OFFSHORE LIMITED 1995-02-17 → 2002-11-05
4. STENA OFFSHORE LIMITED 1989-03-23 → 1995-02-17
5. NORTHERN COASTERS LIMITED 1924-08-27 → 1989-03-23

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe that preparing the financial statements on a going concern basis is appropriate due to the continued financial support of the Company's ultimate parent company, TechnipFMC plc. The directors have received written confirmation that TechnipFMC plc will continue to support the Company for at least twelve months from the date of signing the financial statements.”

Group structure

1. TECHNIP UK LIMITED · parent
   1. Technip Ships One Limited 99% · England · Fully integrated subsea contractor and supplier of subsea products.
   2. Technip Offshore Manning Limited 100% · England · Offshore personnel management
   3. Technip Services Limited 100% · England · Non-trading
   4. Technip FMC Guyana Limited 100% · Guyana · Subsea contractor and supplier of subsea products
   5. Magnora Offshore Wind (MOW) AS 20% · Norway · Development and production of renewable energy and infrastructure

Significant events

• “In 2023 the Apache Il vessel was sold for £42,310,000.”
• “On June 22, 2023, TechnipFMC, through its subsidiary Technip UK Limited, along with Technip Energies SAS, a subsidiary of Technip Energies NV, reached a resolution with the Parquet National Financier ("PNF") of all outstanding matters, including its investigations into historical conduct arising from nearly fifteen-year-old former Technip S.A. group projects in Equatorial Guinea, Ghana, and Angola.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +37.1%

  £731,731,000 → £1,003,226,000

• Cash

  +35.6%

  £188,000 → £255,000

• Net assets

  +47.4%

  £156,245,000 → £230,290,000

• Employees

  +7.7%

  751 → 809

• Operating profit

  -24.6%

  £90,023,000 → £67,888,000

• Profit before tax

  +44.2%

  £71,620,000 → £103,292,000

• Wages

  +11.4%

  £49,868,000 → £55,554,000

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