SAIPEM LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-01 (in 11mo)
Last made up 2026-03-18
Watchouts
None on the register
Cash
£301M
-29.9% vs 2023
Net assets
—
Equity attributable
Employees
533
-35.6% vs 2023
Profit before tax
£89M
-14.7% vs 2023
Profit before tax
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £876,644,417 | £601,974,688 | |
| Operating profit | £93,111,997 | £75,756,761 | |
| Profit before tax | £104,312,587 | £89,000,520 | |
| Net profit | £92,985,437 | £87,025,832 | |
| Cash | £428,541,956 | £300,617,198 | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | £119,010,922 | £103,709,258 | |
| Average employees | 827 | 533 | |
| Wages | £74,053,398 | £48,892,164 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 10.6% | 12.6% | |
| Net margin | 10.6% | 14.5% | |
| Current ratio | 1.18x | 1.17x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors prepared a cash flow forecast to June 2026 which indicated that a positive cash position will be maintained throughout the period.”
Group structure
- SAIPEM LIMITED · parent
- Saipem Guyana Inc. 1%
Significant events
- “Successful completion of Doggerbank Offshore Wind Farm Project 2 transportation and installation works in April 2024.”
- “Second deployment of a subsea resident drone performed in Norwegian fjord field, enhancing previous record for subsea residency.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COOPER, Lisa | Secretary | 2018-11-05 | — | — |
| DE GENNARO, Ilaria | Director | 2026-04-01 | Jun 1985 | Italian |
| PELLEGRINI, Roberto | Director | 2024-06-03 | May 1976 | Italian |
| SECCHI, Gianalberto Romeo Claudio | Director | 2024-06-03 | Apr 1966 | Italian |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DI PIETRO, Gianni | Secretary | 2015-07-07 | 2018-11-02 |
| LAKE, Anthony Charles | Secretary | 2011-11-29 | 2013-03-08 |
| TURKSON, Elizabeth | Secretary | 2013-03-11 | 2014-08-06 |
| VAN STIJN, Edgar, Mr. | Secretary | 2014-08-06 | 2015-07-07 |
| VILLA, Marco Felice | Secretary | 2010-03-18 | 2011-11-28 |
| CASCELLA, Marcello | Director | 2020-06-08 | 2022-07-17 |
| CHASSAGNE, Jean-Louis Jose | Director | 2014-10-06 | 2015-11-17 |
| CRISTIANI, Massimo, Mr. | Director | 2023-05-30 | 2024-06-02 |
| D'ALOISIO, Guido | Director | 2020-06-08 | 2021-04-15 |
| DI PIETRO, Gianni | Director | 2010-11-19 | 2015-07-07 |
| DUBOIS, Jean Luc, Dr | Director | 2010-03-18 | 2010-11-01 |
| DUBOIS, Jean-Luc Roger | Director | 2024-06-03 | 2026-03-30 |
| FARINA, Fabrizio | Director | 2022-07-18 | 2023-05-29 |
| FORMICA, Paolo | Director | 2017-05-04 | 2020-11-30 |
| FORMICA, Paolo | Director | 2014-01-13 | 2017-07-26 |
| GANZER, Mario Rossi | Director | 2015-11-17 | 2017-12-06 |
| GEBBIA, Aldo | Director | 2017-12-06 | 2018-10-31 |
| GENTILI, Luca | Director | 2020-12-01 | 2022-07-18 |
| GUERRA, Massimiliano | Director | 2018-11-26 | 2020-06-08 |
| GUERRA, Massimiliano | Director | 2015-07-07 | 2017-12-06 |
| MANETTI, Ilario | Director | 2017-05-04 | 2019-02-08 |
| O'DONNELL, Hugh | Director | 2010-03-18 | 2014-01-03 |
| PALLAVICINI, Fabio Massimo Maria, Mr. | Director | 2014-01-13 | 2014-10-06 |
| PIASERE, Mauro | Director | 2021-04-16 | 2021-11-19 |
| PORCARI, Stefano | Director | 2010-03-18 | 2013-04-08 |
| SECCHI, Gianalberto Romeo Claudio | Director | 2021-11-22 | 2024-06-02 |
| SENG, Dominique Jean | Director | 2018-12-07 | 2020-04-30 |
| SWINNERTON, Nigel, Mr. | Director | 2013-04-08 | 2017-05-04 |
| VAN STIJN, Edgar | Director | 2022-07-18 | 2024-06-02 |
| VAN STIJN, Edgar | Director | 2010-11-01 | 2014-01-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Saipem International B.V | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-07-04 | Active |
| Mr Paolo Formica | Individual | Significant influence | 2017-05-04 | Ceased 2019-07-04 |
| Mr Nigel John Swinnerton | Individual | significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2017-05-04 |
Filing timeline
Last 20 of 129 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-22 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-02 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-11-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-02 | SH20 | capital | Legacy | |
| 2024-11-02 | CAP-SS | insolvency | Legacy | |
| 2024-09-22 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-06-04 | CH01 | officers | Change person director company with change date | |
| 2024-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-22 | AA | accounts | Accounts with accounts type full | |
| 2024-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-21 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 1
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
-31.3%
£876,644,417 £601,974,688
-
Cash
-29.9%
£428,541,956 £300,617,198
-
Net assets
—
Not reported
-
Employees
-35.6%
827 533
-
Operating profit
-18.6%
£93,111,997 £75,756,761
-
Profit before tax
-14.7%
£104,312,587 £89,000,520
-
Wages
-34%
£74,053,398 £48,892,164
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