OCEANEERING SERVICES OVERSEAS LIMITED

1. OCEANEERING SERVICES OVERSEAS LIMITED 2012-06-11 → present
2. OIS DIAGNOSTICS LIMITED 1997-01-20 → 2012-06-11
3. BRIDGEHOLD LIMITED 1996-12-20 → 1997-01-20

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed the ability of Oceaneering International Inc. to provide such support until 31 December 2026, should it be required, and have reviewed the financial position and made suitable enquiries, are satisfied that these financial statements should be prepared on a going concern basis.”

Significant events

• “Revenue decreased by 44% year-over-year, declining from $82.1 million in 2023 to $45.8 million in 2024.”
• “In 2024 the Company has employed 12 local staff in Guyana, further strengthening Oceaneering's position as a key service provider in the area.”
• “Subsea Robotics (SSR) revenue declined in 2024 due to the completion of several projects scopes, the outlook remains positive. The market is expected to offer strong opportunities in the year ahead.”
• “Oceaneering Projects Group (OPG) this significant project has since concluded, and the business has not yet secured a replacement of comparable scale or scope.”
• “In addition to the ongoing conflict in Ukraine, which has prompted many governments to prioritize energy security by sourcing supplies from stable and reliable regions, the Company has also been affected by the introduction of new tariffs in certain jurisdictions.”
• “On 20 June 2023 Pillar Two legislation was substantively enacted in the UK. The legislation will be effective for the Group's financial year beginning 1 January 2024. The Group expects that the Company will meet one of the transitional safe harbour tests and as such there should be no impact on the Company of the Pillar Two legislation.”

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

  -44.2%

  £60,851,001 → £33,942,921

• Cash

  +194.2%

  £828,762 → £2,438,102

• Net assets

  +10.7%

  £38,373,610 → £42,475,908

• Employees

  —

  Not reported

• Operating profit

  -51.6%

  £19,847,294 → £9,613,047

• Profit before tax

  -58.5%

  £19,349,889 → £8,028,910

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