SEACAT SERVICES LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-18 (in 6mo)
Last made up 2025-11-04
Watchouts
None on the register
Cash
£287K
Latest balance sheet
Net assets
£988K
Equity attributable
Employees
126
Average over period
Profit before tax
£363K
Period ending 2024-12-31
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-01-01 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £11,438,733 | — | £11,898,602 | — | £12,318,759 | |
| Operating profit | — | — | — | — | — | £380,713 | — | £445,960 | — | £354,388 | |
| Profit before tax | — | — | — | — | — | £369,644 | — | £451,470 | — | £363,082 | |
| Net profit | — | — | — | — | — | £301,680 | — | £317,409 | — | £334,254 | |
| Cash | — | £282,428 | — | £449,897 | — | £373,884 | — | £426,026 | — | £286,577 | |
| Total assets less current liabilities | — | £980,104 | — | £1,066,611 | — | £1,354,306 | — | £1,185,313 | — | £1,025,158 | |
| Net assets | — | £980,104 | — | £1,038,493 | — | £1,340,173 | — | £1,154,082 | — | £988,336 | |
| Equity | — | £980,104 | — | £1,038,493 | — | £1,340,173 | £1,340,173 | £1,154,082 | £1,154,082 | £988,336 | |
| Average employees | — | 93 | — | 105 | — | 115 | — | 133 | — | 126 | |
| Wages | — | — | — | — | — | £3,779,355 | — | £4,918,922 | — | £4,981,305 |
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 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-01-01 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 3.3% | — | 3.7% | — | 2.9% | |
| Net margin | — | — | — | — | — | 2.6% | — | 2.7% | — | 2.7% | |
| Return on capital employed | — | — | — | — | — | 28.1% | — | 37.6% | — | 34.6% | |
| Interest cover | — | — | — | — | — | 31.70x | — | 242.37x | — | 11431.87x |
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 102
- Auditor
- Robinson Rice Associates Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.”
Significant events
- “With a known and repeatable revenue stream of fixed vessel management fees 2024 met all expectations, adhering to the budget set for the year and reaching financial KPI's. As vessel managers in a strengthening market the fleet under management achieved strong occupancy, which in turn provides further security for the company as fleet managers. 99% of the days sold for owners were delivered, a clear sign of a strong effective service delivery by the team. The charter outlook for the fleet under management is strong, signs of a stable market but also that the company is delivering a quality service for vessel owners and their end customer base. With this positive outlook the prospects for the business for 2025 and beyond are strong.”
- “A skills shortage remains present as the offshore wind industry continues to grow. This is mitigated by apprenticeship schemes and stable long term charters providing stability for the companies' personnel. Despite some crewing fluidity during 2022, mainly due to emerging competition with aggressive recruitment strategies, 2023 and 2024 saw a stabilisation in crew retention.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAYLIS, Ian Richard | Director | 2010-10-07 | Feb 1977 | British |
| BAYLIS, Nia Ann | Director | 2019-10-29 | Jul 1977 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAYLIS, Nia Ann | Director | 2010-10-20 | 2019-01-24 |
| DREW, Mark James | Director | 2021-12-16 | 2024-01-29 |
| JORGENSEN, Peter Torben | Director | 2010-10-07 | 2010-10-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Anagram Services Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-10-22 | Active |
| Mr Ian Richard Baylis | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-10-22 |
| Mrs Nia Ann Baylis | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-10-22 |
Filing timeline
Last 20 of 78 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-11-05 | CH01 | officers | Change person director company with change date | |
| 2024-11-05 | CH01 | officers | Change person director company with change date | |
| 2024-11-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-05 | CH01 | officers | Change person director company with change date | |
| 2024-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-01-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-12 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-11-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-11-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-13 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-12-23 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-12-23 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-12-20 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2024 → FY2024 · period ending 2024-12-31 vs 2024-01-01