THE UK OFFSHORE ENERGIES ASSOCIATION LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. THE UK OFFSHORE ENERGIES ASSOCIATION LIMITED 2022-01-13 → present
2. THE UK OIL AND GAS INDUSTRY ASSOCIATION LIMITED 2012-12-24 → 2022-01-13
3. THE UNITED KINGDOM OFFSHORE OIL AND GAS INDUSTRY ASSOCIATION LIMITED 2007-04-24 → 2012-12-24
4. U.K. OFFSHORE OPERATORS ASSOCIATION LIMITED 1973-06-25 → 2007-04-24

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

Consolidated group

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Therefore, the Directors, after careful consideration and enquiry, are of the opinion that the group Company has adequate working capital and resources to execute its operations over the next 12 months and for the foreseeable future. The organisation is confident that membership levels will be sustained and indeed further growth can reasonably be expected in 2025. Directors are comfortable that the matter does not present a particular challenge to the going concern of the company.”

Group structure

1. THE UK OFFSHORE ENERGIES ASSOCIATION LIMITED · parent
   1. Leading Offshore Energy Industry Competitiveness 1% · Scotland · to provide services to stimulate supply chain collaboration and improve the competitiveness of the UK offshore energy industry.

Significant events

• “Settlement of a contractual dispute in the LOGIC subsidiary, which was ongoing at year-end date but settled in early 2025.”
• “The organisation has continued to strengthen further following the change to Offshore Energies UK (OEUK), where it evolved its scope, so that in addition to the strong and continuing focus on oil and gas, it formally extended its work and representation in carbon capture & storage, hydrogen and also into offshore wind.”
• “OEUK increased its membership levels to over 430, a 6% increase versus the position at the end of 2023.”
• “The SEQual supplier pre-qualification scheme continued to make strong progress throughout 2024, maintaining seventeen buyers and growing to 620 supplier members, with work focused on optimising the platform and its assessment processes.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -3.7%

  £15,842,380 → £15,255,137

• Cash

  -5.5%

  £7,174,082 → £6,776,115

• Net assets

  -19.2%

  £2,160,632 → £1,746,349

• Employees

  -1.4%

  74 → 73

• Operating profit

  -2,771.8%

  -£21,155 → -£607,523

• Profit before tax

  -703.2%

  £59,027 → -£356,072

• Wages

  +3.5%

  £5,768,261 → £5,971,589

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