STENA CARRON DRILLING 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

“The financial statements have been prepared on a going concern basis notwithstanding the company has net current liabilities of $27,205,000 (2023: $41,315,000). The directors have forecast the expected cash requirements for the company for at least the next twelve months and are confident that these can be met. The company's immediate parent company, Stena Drilling (Holdings) Limited has provided the company with an undertaking that for at least a year from the date of approval of these financial statements, it will continue to make available such funds as are needed by the company to allow it to meet its working capital requirements and to enable it to pay its liabilities as and when they fall due for payment. Based on this, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “During 2024, the company operated the Stena Carron drilling vessel for a total of 284 days in Guyana (2023 - 347 days). The Company also operated the Stena DrillMAX vessel for 209 days in Guyana (2023 - 288 days). Average day rates earned by the company during 2024 were higher than in 2023.”

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

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

  -28.4%

  £201,742,031 → £144,413,640

• Cash

  —

  Not reported

• Net assets

  +37.2%

  £6,716,086 → £9,217,198

• Employees

  —

  Not reported

• Operating profit

  -78.9%

  £34,331,357 → £7,258,710

• Profit before tax

  -83.4%

  £26,724,981 → £4,424,018

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