BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-08 (in 1y)
Last made up 2026-04-24
Watchouts
None on the register
Cash
£15M
+56.4% vs 2023
Net assets
£502M
+6.7% vs 2023
Employees
2,163
-5.3% vs 2023
Profit before tax
£33M
+137.2% vs 2023
Name history
Renamed 6 times since incorporation
- BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED 2020-06-01 → present
- GE OIL & GAS UK LIMITED 2013-10-07 → 2020-06-01
- VETCO GRAY U.K. LIMITED 2004-08-09 → 2013-10-07
- ABB VETCO GRAY U.K. LIMITED 1991-05-24 → 2004-08-09
- VETCO GRAY U.K. LIMITED 1987-01-29 → 1991-05-24
- C-E VETCO UK LIMITED 1981-12-31 → 1987-01-29
- EIGHTY-FIFTH SHELF TRADING COMPANY LIMITED 1980-10-09 → 1981-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £831,703,000 | £1,072,489,000 | |
| Operating profit | -£81,055,000 | £55,964,000 | |
| Profit before tax | -£89,078,000 | £33,145,000 | |
| Net profit | -£70,754,000 | £31,564,000 | |
| Cash | £9,812,000 | £15,342,000 | |
| Total assets less current liabilities | £497,922,000 | £520,906,000 | |
| Net assets | £470,046,000 | £501,645,000 | |
| Equity | £470,046,000 | £501,645,000 | |
| Average employees | 2,285 | 2,163 | |
| Wages | £185,492,000 | £158,187,000 |
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 | -9.7% | 5.2% | |
| Net margin | -8.5% | 2.9% | |
| Return on capital employed | -16.3% | 10.7% | |
| Gearing (liabilities / total assets) | 69.0% | 65.4% | |
| Current ratio | 0.91x | 0.94x | |
| Interest cover | -3.29x | 1.63x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has net current liabilities of £54,029,000 (2023: £89,318,000) and a profit for the year ended 31 December 2024 of £31,564,000 (2023: loss of £70,754,000) and the financial statements have been prepared on a going concern basis which the directors consider to be appropriate.”
Group structure
- BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED · parent
- Vetco Gray Egypt Limited 99%
- Allen Gearing Solutions Limited 100%
- Baker Hughes Energy Technology Ghana Limited 90%
- IO Oil and Gas UK LLP 50%
- Novel Non-Metallic Solutions Manufacturing LLC 50%
- ExerGo SA 10%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 57 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNLOP, Lorraine Amanda | Secretary | 2018-12-19 | — | — |
| BALDINI, Valentina | Director | 2023-01-09 | Jan 1979 | Italian |
| BARR, Andrew John | Director | 2024-05-09 | Jan 1984 | British |
| DI GIAMBATTISTA, Domenico | Director | 2021-02-03 | Aug 1978 | Italian |
| FIRMANI, David Vincent | Director | 2024-06-10 | May 1971 | Italian |
| WRIGHT, Daniel James | Director | 2025-05-30 | Jan 1979 | British |
Show 57 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUNBAR, Joanna Carolyn Pyper | Secretary | 2006-09-15 | 2011-05-20 |
| REED SMITH CORPORATE SERVICES LIMITED | Corporate Secretary | 1992-04-27 | 2006-09-15 |
| APPS, Conrad Joseph | Director | 2011-11-29 | 2014-10-03 |
| AQUILLANO, Samuel Richard | Director | 2009-03-13 | 2012-04-20 |
| ARNISON, Dean | Director | 2013-10-01 | 2022-10-11 |
| BUTCHER, Adam Paul | Director | 2022-12-21 | 2024-05-24 |
| CAMPBELL, Ian Neil | Director | — | 2002-10-11 |
| CAMPORI, Antonio | Director | 2012-04-20 | 2013-11-05 |
| CARMICHAEL, John Angus | Director | 2002-11-21 | 2004-07-08 |
| CARMICHAEL, John Angus | Director | — | 1996-06-07 |
| CHAMBAULT, Romain Pierre-Jacques Marie | Director | 2022-02-08 | 2025-03-20 |
| CHASTAIN, Terence Daniel | Director | — | 1993-05-31 |
| CHICHESTER, Carole Audrey | Director | 2017-09-27 | 2019-12-02 |
| CHRISTIE, Roderick Angus | Director | 2012-04-20 | 2016-01-11 |
| CORBIN, Matthew William John | Director | 2008-01-04 | 2011-12-15 |
| COX, Stephen Robert | Director | 2009-09-01 | 2010-05-17 |
| DEIGHAN, Colm Martin | Director | 2014-12-02 | 2016-03-24 |
| DUNN, Nicholas Alexander | Director | 2013-07-25 | 2017-11-13 |
| GILLIES, Graham | Director | 2016-03-30 | 2019-04-11 |
| GOODE, Peter Allan | Director | 2004-12-01 | 2007-02-23 |
| GRIERSON, Donald Kenneth | Director | 2002-10-02 | 2004-12-01 |
| GRIERSON, Donald Kenneth | Director | 1992-07-31 | 2001-03-14 |
| HARGRAVES, Peter | Director | 2016-03-30 | 2017-12-21 |
| HEPPENSTALL, Bruce Michael Amos | Director | 2014-08-04 | 2015-07-10 |
| HOFFMANN, Stephanie | Director | 2010-05-17 | 2011-11-29 |
| HOUSTON, John Joseph | Director | 2008-07-16 | 2009-08-31 |
| JACKSON, Jamere | Director | 2013-07-25 | 2014-03-05 |
| JUSTISS, David Russell | Director | 2015-10-07 | 2019-04-30 |
| LAGI, Alessandro | Director | 2022-02-08 | 2022-07-08 |
| LAMONT, David Turch | Director | 2005-03-14 | 2008-01-04 |
| LAMONT, David Turch | Director | 2003-10-01 | 2004-07-08 |
| LARSSEN, Davis Marc | Director | 2004-12-01 | 2008-07-31 |
| LINKE, Benjamin | Director | 2017-11-27 | 2021-07-02 |
| MACHUCA, Felix | Director | 2001-06-12 | 2004-12-01 |
| MASON, Philip Stewart | Director | 2012-04-20 | 2013-07-18 |
| MASON, Philip Stewart | Director | 2007-02-23 | 2008-01-31 |
| MATUCCI, Alberto | Director | 2015-11-16 | 2017-10-04 |
| MAXWELL, George Walter Mitchell | Director | 2002-10-02 | 2002-11-20 |
| MENDONCA, Rogerio Guimaraes | Director | 2017-11-27 | 2021-01-19 |
| MOCK, James Michael | Director | 2014-12-02 | 2015-11-06 |
| MUNRO, John George Allan | Director | 1996-06-17 | 2002-10-11 |
| NICOLSON, Gillies Alexander | Director | 2003-04-09 | 2004-07-08 |
| ROBERTS, James Kenneth | Director | 2022-12-21 | 2024-02-29 |
| ROEMMELE, Carl Adam Julius | Director | 2018-12-19 | 2022-03-30 |
| SALVADORI, Erica | Director | 2020-01-01 | 2022-12-01 |
| SAUNDERS, Neil | Director | 2012-04-20 | 2023-01-31 |
| SHAW, Gary Allen | Director | 2002-10-02 | 2003-10-01 |
| SLOAN, Alasdair Murray Campbell | Director | 2016-03-30 | 2022-11-30 |
| SMITH, Kevin Patrick | Director | 2016-03-30 | 2017-08-18 |
| SPENCE, Stuart Andrew | Director | 2004-12-01 | 2007-02-23 |
| STEPNIAK, Michael Piotr | Director | 2016-01-27 | 2020-02-11 |
| TARDITI, Giorgio Matteo | Director | 2010-08-12 | 2013-06-10 |
| THATCHER, Mark Timothy | Director | 1993-06-10 | 2002-09-30 |
| THOMSON, James Watson Palmer | Director | 2012-07-16 | 2015-12-24 |
| TIDWELL, James Martin | Director | — | 1992-07-31 |
| TUCKER, David Emerson | Director | 2008-01-04 | 2009-03-13 |
| WARE, Henry John | Director | 2009-09-01 | 2010-08-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vetco International Holding 4 | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 355 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-13 | CH01 | officers | Change person director company with change date | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-13 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | SH01 | capital | Capital allotment shares | |
| 2024-11-22 | CH01 | officers | Change person director company with change date | |
| 2024-11-04 | SH01 | capital | Capital allotment shares | |
| 2024-06-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-17 | AA | accounts | Accounts with accounts type full | |
| 2023-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-13 | AA | accounts | Accounts with accounts type full | |
| 2023-04-05 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-04-04 | GAZ1 | gazette | Gazette notice compulsory |
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
+29%
£831,703,000 £1,072,489,000
-
Cash
+56.4%
£9,812,000 £15,342,000
-
Net assets
+6.7%
£470,046,000 £501,645,000
-
Employees
-5.3%
2,285 2,163
-
Operating profit
+169%
-£81,055,000 £55,964,000
-
Profit before tax
+137.2%
-£89,078,000 £33,145,000
-
Wages
-14.7%
£185,492,000 £158,187,000
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