FRED. OLSEN LIMITED
Get an alert when FRED. OLSEN LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-25
Confirmation statement due
2026-11-16 (in 6mo)
Last made up 2025-11-02
Watchouts
None on the register
Cash
£44M
+24.3% vs 2023
Net assets
£92M
+11.7% vs 2023
Employees
914
+11.5% vs 2023
Profit before tax
£16M
+2.6% vs 2023
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-12-25
| Metric | Trend | 2023-12-25 | 2024-12-25 |
|---|---|---|---|
| Turnover | £119,058,000 | £127,218,000 | |
| Operating profit | £17,190,000 | £12,376,000 | |
| Profit before tax | £15,550,000 | £15,951,000 | |
| Net profit | £13,640,000 | £13,582,000 | |
| Cash | £35,017,000 | £43,519,000 | |
| Total assets less current liabilities | £87,409,000 | £96,287,000 | |
| Net assets | £82,065,000 | £91,660,000 | |
| Equity | £82,065,000 | £91,660,000 | |
| Average employees | 820 | 914 | |
| Wages | £39,637,000 | £44,868,000 |
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 | 2023-12-25 | 2024-12-25 |
|---|---|---|---|
| Operating margin | 14.4% | 9.7% | |
| Net margin | 11.5% | 10.7% | |
| Return on capital employed | 19.7% | 12.9% | |
| Current ratio | 2.46x | 2.49x | |
| Interest cover | 3.16x | 49.70x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern.”
Group structure
- FRED. OLSEN LIMITED · parent
- Forrest Estate Limited 100%
- The Natural Power Consultants Limited 100%
- Natural Power Services Limited 100%
- KUDO Energy Limited 100%
- Natural Power SARL 100%
- Natural Power LLC 100%
- The Natural Power Consultants (Ireland) Limited 100%
- The Natural Power Consultants (Sweden) AB 100%
- Zephir Limited 100%
- Fred. Olsen Travel Limited 100%
- Go Cruise Franchise Limited 100%
- Trassey Shipping Limited 100%
- Natural Power Asset Management Ltd 100%
- ZX Lidars Limited 100%
- ZX Measurement Services Limited 100%
- Windborne Limited 100%
- Ascent Technologies LLC 100%
- EchoSense LLC 100%
- Fred. Olsen Logistics Limited 100%
Significant events
- “Subsequent to the balance sheet date, on 11 February 2025 our subsidiary company, The Natural Power Consultants Ltd, completed the acquisition of 50.1% of the issued share capital of Studio Rinnovabili, a company incorporated in Italy. This acquisition aligns with the strategic objectives to expand our presence in the European market.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MINDELL, Belinda Rosemary | Secretary | 2018-05-15 | — | — |
| EMERY, Nicholas Andrew | Director | 2013-04-15 | Feb 1961 | British |
| JEBSEN, Thomas Peter Olsen | Director | 2021-09-30 | Apr 1988 | Norwegian |
| MARCHANT, Ian Derek | Director | 2021-09-30 | Feb 1961 | British |
| MINDELL, Belinda Rosemary | Director | 2016-03-01 | Apr 1967 | British |
| OLSEN, Anette Sofie | Director | 1994-11-30 | Sep 1956 | Norwegian |
| SANTANA, Severin Rudolf Olsen | Director | 2022-11-14 | Jun 1996 | Norwegian |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOWLER, Jeremy | Secretary | 1999-07-26 | 2018-05-15 |
| HEARD, Rebecca Clare | Secretary | 1995-09-04 | 1999-07-26 |
| LEGGET, Robert Simon | Secretary | — | 1995-09-04 |
| BRIGGINSHAW, Paul Michael | Director | 2001-06-05 | 2005-04-06 |
| DAVIDSON, Jim Breckenridge | Director | — | 2000-02-04 |
| DOWLER, Jeremy | Director | 1995-09-14 | 2021-10-22 |
| EIDEM, Bjorn | Director | — | 1998-06-30 |
| HAAVARDSSON, Fridthjov | Director | — | 2005-12-02 |
| HAYES, Derek | Director | — | 2001-01-18 |
| LEGGET, Robert Simon | Director | — | 1995-09-04 |
| OLSEN, Petter Halfdan Rudolf Fredrik | Director | 1994-10-06 | 2000-11-27 |
| OLSEN, Petter Halfdan Rudolf Fredrik | Director | — | 1994-05-13 |
| OLSEN, Thomas Fredrik | Director | — | 2021-10-22 |
| WALLACE, John Cameron | Director | — | 2010-11-25 |
| WALSH, Pauline Mary | Director | 2010-04-22 | 2013-03-22 |
| WEIDER, Brede | Director | — | 2001-08-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fred. Dessen & Co., Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 185 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type group | |
| 2025-05-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-19 | AA | accounts | Accounts with accounts type group | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-06 | AA | accounts | Accounts with accounts type group | |
| 2022-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-06-23 | AA | accounts | Accounts with accounts type group | |
| 2021-11-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-08 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-08 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2021-06-30 | AA | accounts | Accounts with accounts type group | |
| 2021-06-07 | CH01 | officers | Change person director company with change date | |
| 2020-11-16 | AA | accounts | Accounts with accounts type group | |
| 2020-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-21 | MR04 | mortgage | Mortgage satisfy charge part |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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 2024-12-25 vs 2023-12-25
-
Turnover
+6.9%
£119,058,000 £127,218,000
-
Cash
+24.3%
£35,017,000 £43,519,000
-
Net assets
+11.7%
£82,065,000 £91,660,000
-
Employees
+11.5%
820 914
-
Operating profit
-28%
£17,190,000 £12,376,000
-
Profit before tax
+2.6%
£15,550,000 £15,951,000
-
Wages
+13.2%
£39,637,000 £44,868,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers