ARAMCO OVERSEAS COMPANY UK LIMITED

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at 31 December 2024 the Company has $636,002 in cash and cash equivalents and net current assets of $12,066,458. Considering all severe but plausible downsides such as reduced recruitment services due to lower number of local projects, the Directors believe that the Company operates with satisfactory cash flow and has little exposure to credit, liquidity or other financial risk, as it trades with (affiliates of) Aramco which has a stable outlook credit rating. In preparing cash flow forecasts and projections, the Directors have assumed that the current transfer pricing arrangement with AOC B.V. will continue over the going concern period. Accordingly, the Directors continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “During the year of 2024, the Company recruited 351 talents to support various projects and functions in Aramco, which was relatively low comparing to last year (i.e. 387). The hiring targets are driven by the demand from Aramco and in some areas the hiring activities slowed down in Q3 2024. The effectiveness of our job offers was however enhanced as is indicated from the increase of offer acceptance ratio from 75% to 82%. The target of Quality of EED Hires slightly fell short by 2% in comparison to the prior year (i.e. 88%) merely due to minor adjustments to the underlying parameters. The average time to relocate expatriates lengthened from 132 days in 2023 to 135 days this year, mainly due to longer Visa application process which increased from 1-2 working days to 6-8 working days during the year.”

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

Filings

5

last 12 months

Capital events

1

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

  -18.8%

  £68,427,143 → £55,572,351

• Cash

  +49%

  £316,516 → £471,462

• Net assets

  +32.2%

  £8,547,833 → £11,302,884

• Employees

  +52.4%

  42 → 64

• Operating profit

  -21%

  £5,052,589 → £3,992,489

• Profit before tax

  -2.9%

  £3,886,412 → £3,772,146

• Wages

  +70.7%

  £5,228,861 → £8,925,460

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