UK Companies House feature
TIDEWATER MARINE UK LTD
Cash
£4M
-39.6% vs 2023
Net assets
£83M
+22.2% vs 2023
Employees
40
+37.9% vs 2023
Profit before tax
£16M
+235.7% vs 2023
Profile
- Company number
- 02541716
- Status
- Active
- Incorporation
- 1990-09-21
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 50200
Net assets
5-year trend · vs UK Logistics & Mobility median
Accounts
5-year trend · latest 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £38,795,000 | — | — | — | |
| Operating profit | — | £4,013,000 | — | — | — | |
| Profit before tax | — | £3,404,000 | — | -£12,078,000 | £16,389,000 | |
| Net profit | — | £3,404,000 | — | -£12,078,000 | £15,090,000 | |
| Cash | — | £4,429,000 | — | £6,785,000 | £4,098,000 | |
| Total assets less current liabilities | — | £80,174,000 | — | £68,336,000 | £84,131,000 | |
| Net assets | — | £80,174,000 | — | £68,096,000 | £83,186,000 | |
| Equity | £76,770,000 | £80,174,000 | £80,174,000 | £68,096,000 | £83,186,000 | |
| Average employees | — | 23 | — | 29 | 40 | |
| Wages | — | £1,711,000 | — | £2,185,000 | £3,188,000 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis, which the directors believe to be appropriate based on the disclosures made in note 2.”
Subsidiaries
- GulfMark UK International Ltd · 100% held · UK
- Tidewater Norge AS · 100% held · Norway
- Gulf Channel Offshore Services LDA · 49% held · Angola
- Tidewater Marine AS · 100% held · Norway
- Tidewater Rederi AS · 100% held · Norway
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GEDDES, Ewan Mcintosh | Secretary | 2005-12-19 | — | British |
| GEDDES, Ewan Mcintosh | Director | 2007-12-31 | Jul 1969 | British |
| KNEEN, Quintin Venable | Director | 2015-06-18 | Oct 1965 | American |
| WILSON, Steven Ronald | Director | 2015-07-08 | Jul 1965 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MITCHELL, Kevin Dale | Secretary | 1996-08-26 | 2004-05-14 |
| PIERCE, Frank Richard | Secretary | — | 1999-04-08 |
| RIVERSIDE SECURITIES LIMITED | Corporate Secretary | — | 2007-12-31 |
| BUTTERS, David Joseph | Director | — | 2001-07-13 |
| DARE, David William | Director | — | 2007-12-30 |
| KENNEDY, Perry | Director | 2007-10-30 | 2015-07-08 |
| KENWRIGHT, David Douglas Ernest | Director | 2001-02-27 | 2007-10-30 |
| LEECH, John Eugene | Director | 2001-07-13 | 2012-11-30 |
| STREETER, Bruce Allen | Director | — | 2013-06-04 |
| WILSON, David Alan | Director | 2017-06-15 | 2017-12-31 |
| WILSON, David Alan | Director | 2008-01-30 | 2016-01-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gulfmark North Sea Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 585 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-11-10 | CH01 | officers | change person director company with change date |
| 2025-11-10 | CH03 | officers | change person secretary company with change date |
| 2025-11-10 | CH01 | officers | change person director company with change date |
| 2025-11-03 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2025-09-30 | AA | accounts | accounts with accounts type full |
| 2025-09-23 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-05-27 | AD01 | address | change registered office address company with date old address new address |
| 2024-09-30 | AA | accounts | accounts with accounts type full |
| 2024-09-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-10-10 | AA | accounts | accounts with accounts type full |
| 2023-10-03 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-10-10 | AA | accounts | accounts with accounts type full |
| 2022-09-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-10-05 | AA | accounts | accounts with accounts type full |
| 2021-09-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2020-12-24 | AA | accounts | accounts with accounts type full |
| 2020-09-22 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2019-10-03 | AA | accounts | accounts with accounts type full |
| 2019-09-24 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2019-05-02 | CERTNM | change-of-name | certificate change of name company |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
0.79
DISTRESS
Altman Z″
- Working capital / Total assets -0.070 × 6.56 = -0.46
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.079 × 6.72 = +0.53
- Book equity / Total liabilities 0.675 × 1.05 = +0.71
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory