TGS GEOPHYSICAL COMPANY (UK) LIMITED

1. TGS GEOPHYSICAL COMPANY (UK) LIMITED 2012-08-30 → present
2. STINGRAY GEOPHYSICAL LIMITED 2006-03-06 → 2012-08-30

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

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on the going concern basis due to the availability of group financial support. The directors have received confirmation from TGS ASA that they are committed to provide the financial support of the Company for a minimum period of 12 months from the date of approval of these financial statements. In making this assessment the directors note that the net current liabilities arose primarily as a result of the TGS Group financing arrangements. After making enquiries the directors consider TGS ASA to be in a position to provide all necessary financial support.”

Group structure

1. TGS GEOPHYSICAL COMPANY (UK) LIMITED · parent
   1. TGS Geophysical Egypt SP 100% · Egypt · Oil and Gas Exploration industry
   2. PT TGS Geophysical Indonesia 10% · Indonesia · Oil and Gas Exploration industry

Significant events

• “During 2024 the company received three complaints from former employees which are subject to a legal and tribunal process. The directors believe that the likelihood of successful outcome for the claimants is possible, but not probable. The directors also believe that it is not yet possible to reliably assess the likely outcome or the amount of these claims if they are successful. Accordingly, there is no provision in these financial statements for any liability that may arise.”

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

Filings

2

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

  +91.4%

  £14,053,373 → £26,902,891

• Cash

  -65.8%

  £2,890,289 → £987,398

• Net assets

  -35.9%

  -£14,880,652 → -£20,223,128

• Employees

  -8.6%

  81 → 74

• Operating profit

  +94.9%

  -£18,744,996 → -£951,075

• Profit before tax

  +80.5%

  -£21,986,657 → -£4,286,879

• Wages

  +1%

  £6,945,886 → £7,017,050

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