WORKSTRINGS INTERNATIONAL LIMITED

1. WORKSTRINGS INTERNATIONAL LIMITED 2011-02-28 → present
2. PREMIER OILFIELD RENTALS LIMITED 2004-01-16 → 2011-02-28
3. PREMIER OILFIELD SERVICES LIMITED 1996-09-04 → 2004-01-16
4. P&O OILFIELD SERVICES LIMITED 1993-09-01 → 1996-09-04
5. SEA OIL HOMCO LIMITED 1972-11-22 → 1993-09-01

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 102

Reporting scope

Standalone (parent only)

Auditor

Anderson Anderson & Brown Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis as the directors believe the company will be able to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. The company can also rely on financial support from Superior Energy Services, Inc., where required.”

Significant events

• “In 2024, the Company experienced steady trading performance, driven largely by the successful execution of a strategic contract secured in 2023. This contract enabled a significant shift in the business model, moving from a predominantly rental-based approach to direct equipment sales to end customers, thereby diversifying revenue streams and enhancing long-term growth prospects.”
• “For the year ended 2024, total revenue increased from £42.5 million to £43.5 million, representing a year-over-year growth of approximately 2.4%.”
• “The Company delivered a strong underlying operational performance, achieving an EBITDA of £13.8 million.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +2.2%

  £42,519,000 → £43,463,000

• Cash

  -39.3%

  £3,309,000 → £2,009,000

• Net assets

  -12.8%

  £19,068,000 → £16,633,000

• Employees

  -4.2%

  24 → 23

• Operating profit

  -34.9%

  £19,231,000 → £12,511,000

• Profit before tax

  -30.3%

  £17,805,000 → £12,407,000

• Wages

  +14.5%

  £1,577,000 → £1,806,000

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