KELLAS MIDSTREAM LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-03 (in 1mo)
Last made up 2025-05-20
Watchouts
None on the register
Cash
£11M
Latest balance sheet
Net assets
£135M
Equity attributable
Employees
54
Average over period
Profit before tax
-£8M
Period ending 2024-12-31
Name history
Renamed 3 times since incorporation
- KELLAS MIDSTREAM LIMITED 2018-12-21 → present
- CATS MANAGEMENT LIMITED 2015-05-20 → 2018-12-21
- CATS BIDCO LIMITED 2014-07-11 → 2015-05-20
- BROADWAY BIDCO LIMITED 2014-05-20 → 2014-07-11
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £24,874,000 | £10,492,000 | |
| Operating profit | -£2,261,000 | -£8,159,000 | |
| Profit before tax | -£1,982,000 | -£7,841,000 | |
| Net profit | -£4,943,000 | -£11,995,000 | |
| Cash | £16,632,000 | £10,559,000 | |
| Total assets less current liabilities | £145,271,000 | £135,070,000 | |
| Net assets | £145,271,000 | £135,070,000 | |
| Equity | £145,271,000 | £135,070,000 | |
| Average employees | 41 | 54 | |
| Wages | £6,389,000 | £7,805,000 |
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 | -9.1% | -77.8% | |
| Net margin | -19.9% | -114.3% | |
| Return on capital employed | -1.6% | -6.0% | |
| Gearing (liabilities / total assets) | 84.0% | 87.1% | |
| Current ratio | 0.19x | 0.32x | |
| Interest cover | -1130.50x | -906.56x |
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
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, which the directors believe to be appropriate as the Company is funded and supported by other entities in the group. Via a groupwide parental support letter, the directors of Silverstream Holdings Limited have confirmed that no company within the Silverstream Holdings Limited group structure will seek repayment of any amounts due from fellow subsidiaries, or parent entities, to the detriment of any amounts due or repayable to third party creditors for a period until 30 June 2026 which is more than 12 months from the date of approval of these financial statements, in order to allow the Company to continue to operate as a going concern. The results of the scenarios show that there remains sufficient liquidity in the business for a period until 30 June 2026 which is more than 12 months from the date of approval of these financial statements and that there are no forecast breaches of external loan covenants.”
Group structure
- KELLAS MIDSTREAM LIMITED · parent
- Kellas CATS Limited 1%
- CATS North Sea Limited 1%
- Kellas North Sea 1 Limited 1%
- Kellas North Sea 2 Limited 1%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LUYPAERT, Thomas Jack Robert | Director | 2020-01-30 | Feb 1987 | French |
| MCINTOSH, Ralph Leslie | Director | 2025-03-11 | Oct 1985 | British |
| MORGAN, Nathan Paul | Director | 2023-02-17 | Apr 1977 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| APPLETON, Guy Robert Maurice | Director | 2015-12-17 | 2024-06-30 |
| COX, Christopher Martin | Director | 2015-11-24 | 2019-04-02 |
| CROSBIE, Mark John | Director | 2014-05-20 | 2020-01-30 |
| FRIEDEL, Guillaume Jacques Robert | Director | 2014-07-10 | 2020-01-30 |
| HESSELL, Andrew David | Director | 2015-12-17 | 2023-01-31 |
| IFKÉR, Stéphane Julien | Director | 2014-05-20 | 2020-01-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kellas Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-10-02 | Active |
| Kellas Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-08-14 | Ceased 2020-10-02 |
| Kellas Parentco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-08-14 |
| Mr Stephane Julien Ifkér | Individual | Appoints directors | 2016-04-06 | Ceased 2020-01-30 |
| Mr Guillaume Jacques Robert Friedel | Individual | Appoints directors | 2016-04-06 | Ceased 2020-01-30 |
| Mark John Crosbie | Individual | Appoints directors | 2016-04-06 | Ceased 2020-01-30 |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-06-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-05-08 | AD04 | address | Move registers to registered office company with new address | |
| 2025-03-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-12 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-16 | CH01 | officers | Change person director company with change date | |
| 2023-10-16 | CH01 | officers | Change person director company with change date | |
| 2023-09-18 | AA | accounts | Accounts with accounts type full | |
| 2023-05-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-14 | CH01 | officers | Change person director company with change date | |
| 2022-10-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-13 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31