OCEANEERING INTERNATIONAL SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-18 (in 6mo)
Last made up 2025-11-04
Watchouts
None on the register
Cash
£12M
-58.8% vs 2023
Net assets
£75M
-47.8% vs 2023
Employees
2,436
+5.7% vs 2023
Profit before tax
£109M
+219.3% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £307,388,000 | £322,808,000 | |
| Operating profit | £28,432,000 | £19,028,000 | |
| Profit before tax | £34,146,000 | £109,024,000 | |
| Net profit | £25,528,000 | £102,803,000 | |
| Cash | £29,273,000 | £12,051,000 | |
| Total assets less current liabilities | £203,838,000 | £131,632,000 | |
| Net assets | £143,951,000 | £75,178,000 | |
| Equity | £143,951,000 | £75,178,000 | |
| Average employees | 2,304 | 2,436 | |
| Wages | £85,875,000 | £99,392,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 9.2% | 5.9% | |
| Net margin | 8.3% | 31.8% | |
| Return on capital employed | 13.9% | 14.5% | |
| Gearing (liabilities / total assets) | 78.0% | 85.2% | |
| Current ratio | 0.28x | 0.20x | |
| Interest cover | 2.32x | 2.10x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have received a letter of support from Oceaneering International Inc., confirming it will provide financial support to the Company if needed until 31 December 2026, in order to allow the Company to continue to operate as a going concern.”
Group structure
- OCEANEERING INTERNATIONAL SERVICES LIMITED · parent
- Oceaneering Services Overseas Limited 100%
- Grayloc Products Limited 100%
- Viper Innovations Limited 25%
- Ecosse IP Limited 19%
- Global Design Innovation Holdings Limited 100%
- Global Design Innovations Limited 100%
- Portcullis Topco Limited 100%
- Atkins Inspection Services (M) SdnBhd 10%
- Oceaneering OIS Company WLL 49%
- Oceaneering Services PNG Ltd 100%
- Oceaneering Energy Services (Namibia) (Proprietary) Limited 100%
- OIS International Inspection Ltd 100%
- Brompton Holdings Ltd 100%
- OIS Ltd 100%
- Metacor Holdings Limited 100%
- External Corrosion Management Limited 100%
- Oilfield Inspection Services Overseas Limited 100%
- OIS International Limited 100%
- OIS International Limited - Qeshm 100%
- OIS (Thailand) Company Limited 49%
Significant events
- “In 2024, the company reported a 5% increase in revenue compared to 2023, driven primarily by strong performance in the African and United Kingdom regions, which saw revenue gains of £16,048,000 and £65,384,000, respectively. These increases were partially offset by declines in other global regions.”
- “Oceaneering's acquisition of Global Design Innovation Ltd. (GDi), a UK-based provider of digital and software services, marks a significant step in advancing its digital capabilities.”
- “During 2024, the Oceaneering Group implemented a series of transactions for entity rationalisation. As part of this, in December the share capital of the company was reduced to £1 ... In addition, a dividend of £172.1 million was paid to Oceaneering A/S on December 16th, 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 38 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HILL, Safieh Nemazee | Secretary | 2023-03-09 | — | — |
| GILJE, Kirsten Marie | Director | 2025-04-17 | Nov 1973 | Norwegian |
| MCDONALD, Martin James, Mr. | Director | 2016-12-06 | Jan 1964 | British |
| PIRIE, Luke Patrick | Director | 2025-04-17 | Feb 1988 | British |
| SIMONS, Jennifer Fremont | Director | 2025-10-24 | Dec 1976 | American |
Show 38 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORBES, Colin Edward | Secretary | 2004-07-02 | 2012-12-10 |
| FRISBIE, Hilary | Secretary | 2017-12-04 | 2020-10-28 |
| ONLEY, Andrew David Jack | Secretary | 2020-10-28 | 2023-02-16 |
| ONLEY, Andrew David Jack | Secretary | 2012-12-10 | 2017-12-01 |
| SHEAMAN, George William | Secretary | — | 1992-12-16 |
| SMITH, John Andrew | Secretary | 1998-03-09 | 2003-02-25 |
| WESTWOOD, Alexander | Secretary | 1992-12-18 | 1998-03-09 |
| DM COMPANY SERVICES LIMITED | Corporate Secretary | 2003-02-25 | 2004-07-02 |
| ATKINSON, Andrew | Director | 1999-03-01 | 2000-05-17 |
| BACKHOUSE, Charles Kingsley | Director | 2005-11-01 | 2008-12-23 |
| BROWN, Charles Eric | Director | 2005-11-01 | 2008-07-01 |
| BUCHANAN, Peter John | Director | 2020-04-30 | 2025-04-17 |
| CHEW, Michael John | Director | — | 1998-03-09 |
| CHIDLOW, Richard Victor | Director | — | 1991-03-29 |
| COCHRANE, Gary Campbell | Director | 2013-02-14 | 2016-08-19 |
| COWIE, Steven | Director | 2015-04-21 | 2020-04-14 |
| CUMMING, Mark Anthony | Director | 2010-01-01 | 2011-02-28 |
| DAVISON JR, Charles Warren | Director | 2019-07-31 | 2021-06-30 |
| DUNBAR, James Murray | Director | 1995-05-18 | 1998-03-09 |
| GOODWIN, Adrian Jonathan | Director | — | 1992-12-22 |
| GRAY, Alan Morrison | Director | 2008-07-01 | 2010-03-04 |
| HAGGERTY, Patrick | Director | 2004-07-02 | 2005-09-30 |
| HEWLETT, Clyde Winston | Director | 2016-12-06 | 2019-07-31 |
| HOLLAND, Robert Harold | Director | — | 2002-05-22 |
| LEYS, Michael Cheyne | Director | 2011-09-01 | 2016-12-30 |
| MARSH, John | Director | 2003-02-25 | 2005-11-01 |
| MCKECHNIE, David Norman | Director | 2008-02-01 | 2011-06-17 |
| MORRISON, James | Director | 1998-03-09 | 2001-01-29 |
| MUSTARD, Alexander | Director | 2004-07-02 | 2008-02-29 |
| ONLEY, Andrew David Jack | Director | 2022-07-01 | 2023-02-16 |
| PLAYFORD, Jonathan Edward | Director | 2000-05-17 | 2007-12-17 |
| PURCELL, Niamh Maire | Director | 2022-05-18 | 2025-04-17 |
| SMITH, John Andrew | Director | 1998-03-09 | 2004-07-16 |
| SMITH, Michael | Director | 2011-09-01 | 2013-02-14 |
| SMITHWHITE, Desmond | Director | 2020-08-10 | 2022-05-18 |
| TENNANT, Crawford | Director | 2020-04-30 | 2022-08-19 |
| WATKINSON, John | Director | 2004-12-21 | 2016-08-10 |
| WESTWOOD, Alexander | Director | — | 2014-12-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Oceaneering International, Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 276 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-13 RESOLUTIONS Resolution
- 2023-08-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-05 | CH01 | officers | Change person director company with change date | |
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-13 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-12-13 | SH20 | capital | Legacy | |
| 2024-12-13 | CAP-SS | insolvency | Legacy | |
| 2024-12-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-01-10 | AA | accounts | Accounts with accounts type full | |
| 2023-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-24 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-21 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- Officers appointed
- 1
- 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
+5%
£307,388,000 £322,808,000
-
Cash
-58.8%
£29,273,000 £12,051,000
-
Net assets
-47.8%
£143,951,000 £75,178,000
-
Employees
+5.7%
2,304 2,436
-
Operating profit
-33.1%
£28,432,000 £19,028,000
-
Profit before tax
+219.3%
£34,146,000 £109,024,000
-
Wages
+15.7%
£85,875,000 £99,392,000
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