TIDEWATER MARINE UK LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-05 (in 5mo)
Last made up 2025-09-21
Watchouts
None on the register
Cash
£4M
-39.6% lowest in 3 filed years
Net assets
£83M
+22.2% highest in 3 filed years
Employees
40
+37.9% highest in 3 filed years
Profit before tax
£16M
+235.7% highest in 3 filed years
Name history
Renamed 2 times since incorporation
- TIDEWATER MARINE UK LTD 2019-05-02 → present
- GULFMARK UK LTD 2014-06-10 → 2019-05-02
- GULF OFFSHORE N.S. LIMITED 1990-09-21 → 2014-06-10
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £38,795,000 | — | £83,729,000 | £136,380,000 | |
| Operating profit | — | £4,013,000 | — | -£12,073,000 | £16,407,000 | |
| 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 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 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | 10.3% | — | -14.4% | 12.0% | |
| Net margin | — | 8.8% | — | -14.4% | 11.1% | |
| Return on capital employed | — | 5.0% | — | -17.7% | 19.5% | |
| Gearing (liabilities / total assets) | — | — | — | 58.7% | 64.0% | |
| Current ratio | — | — | — | 0.95x | 0.90x | |
| Interest cover | — | 6.54x | — | -1097.55x | 781.29x |
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 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.”
Group structure
- TIDEWATER MARINE UK LTD · parent
- GulfMark UK International Ltd 100%
- Tidewater Norge AS 100%
- Gulf Channel Offshore Services LDA 49%
- Tidewater Marine AS 100%
- Tidewater Rederi AS 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. 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
Material constitutional events — rename, articles re-file, resolution
- 2019-05-02 CERTNM Certificate change of name company
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- 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
+62.9%
£83,729,000 £136,380,000
highest in 3 filed years
-
Cash
-39.6%
£6,785,000 £4,098,000
lowest in 3 filed years
-
Net assets
+22.2%
£68,096,000 £83,186,000
highest in 3 filed years
-
Employees
+37.9%
29 40
highest in 3 filed years
-
Operating profit
+235.9%
-£12,073,000 £16,407,000
highest in 3 filed years
-
Profit before tax
+235.7%
-£12,078,000 £16,389,000
highest in 3 filed years
-
Wages
+45.9%
£2,185,000 £3,188,000
highest in 3 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers