BOSKALIS SUBSEA LIMITED

1. BOSKALIS SUBSEA LIMITED 2018-12-20 → present
2. VBMS (UK) LIMITED 2014-09-01 → 2018-12-20
3. VISSER & SMIT MARINE CONTRACTING LIMITED 2010-01-20 → 2014-09-01

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 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Strategic Report on pages 1 to 5. The Directors' have considered the statement of financial position and the availability of funding from the wider Boskalis Group together with the tender pipeline and access to group equipment and believe that the company is well placed to manage its business risks successfully.”

Significant events

• “In the construction division, in alignment with expectations at the start of the year, no large-scale contracts were signed or executed in 2024, however the close out of contracts for East Anglia 1, Galloper Infield and Shetland Link JV were positive, and the sector contributed almost all the turnover and profit for the year.”

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

1

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

  -87.8%

  £62,427,184 → £7,614,424

• Cash

  -22.2%

  £46,810 → £36,408

• Net assets

  +11.4%

  £6,712,899 → £7,476,595

• Employees

  +9.7%

  31 → 34

• Operating profit

  -105.1%

  £8,553,225 → -£433,426

• Profit before tax

  -95.4%

  £8,856,623 → £406,553

• Wages

  +12.6%

  £3,027,046 → £3,408,460

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