GASSCO AS UK BRANCH
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Cash
£44M
+13.7% vs 2023
Net assets
£1M
0% vs 2023
Employees
426
+8.4% vs 2023
Profit before tax
£0
Period ending 2024-12-31
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,296,931,239 | £1,409,348,318 | |
| Operating profit | £0 | £0 | |
| Profit before tax | £0 | £0 | |
| Net profit | £0 | £0 | |
| Cash | £38,797,583 | £44,132,205 | |
| Total assets less current liabilities | £37,879,074 | £38,199,396 | |
| Net assets | £1,228,439 | £1,228,439 | |
| Equity | £1,228,439 | £1,228,439 | |
| Average employees | 393 | 426 | |
| Wages | £40,926,002 | £46,805,639 |
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 | 0.0% | 0.0% | |
| Net margin | 0.0% | 0.0% | |
| Return on capital employed | 0.0% | 0.0% | |
| Gearing (liabilities / total assets) | 99.2% | 99.4% | |
| Current ratio | 1.06x | 1.04x |
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
- Norwegian accounting act/ISA/ISAE3000
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers AS
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern.”
Significant events
- “Record year for transporting natural gas to Europe, with 117.6 billion standard cubic metres delivered from the Norwegian continental shelf (NCS) in 2024.”
- “Strong focus on HSE, with no fatalities, 7 critical incidents, and 3 gas leaks in 2024, alongside extensive maintenance work at Kårstø.”
- “Key projects completed include new pipe sections for Statpipe P34 and the Heimdal bypass project in 2024.”
- “Strategic goal to achieve a 50% reduction in carbon emissions by 2030 and close to zero by 2050.”
- “Net profit of NOK 0 for the fiscal year 2024.”
- “Total operating expenses, excluding electricity and taxes, amounted to NOK 8,105 million for 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BREDAHL, Toralf | Director | 2020-06-01 | Dec 1961 | Norwegian |
| HOLSTAD, Brita | Director | 2020-06-01 | Apr 1966 | Norwegian |
| HOPLAND, Bjarne | Director | 2024-09-23 | Feb 1980 | Norwegian |
| KALLEVIK, Lisbet | Director | 2020-06-01 | Jan 1973 | Norwegian |
| LEVERSUND, Frode | Director | 2015-10-01 | Nov 1963 | Norwegian |
| MIDSEIM, Anne-Lene | Director | 2019-06-01 | Oct 1968 | Norwegian |
| NILSEN, Vidar | Director | 2022-08-01 | Mar 1976 | Norwegian |
| SKJAERPE, Tor Rasmus | Director | 2016-07-01 | Sep 1950 | Norwegian |
| SKOGSETH, Jan Steffen | Director | 2018-06-12 | May 1955 | Norwegian |
| TOMASGARD, Asgeir | Director | 2021-06-01 | Oct 1970 | Norwegian |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AARDAL, Brynjar | Director | 2016-06-01 | 2022-08-01 |
| ANDERSEN, Stig Arne Nordli | Director | 2012-06-26 | 2013-05-01 |
| AVEN, Terje | Director | 2013-06-27 | 2016-06-30 |
| BERDAL, Mimi Kristine | Director | 2010-08-04 | 2020-01-01 |
| BJORDAL, Brian David | Director | 2010-08-04 | 2015-10-01 |
| FLOTVE, Kenneth | Director | 2018-05-23 | 2020-01-01 |
| GRUNDEKJØN, Arvid | Director | 2016-07-01 | 2018-05-23 |
| HAGA, Silje Aamot | Director | 2013-05-01 | 2018-05-23 |
| HAUSKEN, Geir | Director | 2012-06-26 | 2016-06-01 |
| HIRZEL, Marianne | Director | 2010-08-04 | 2012-06-26 |
| HOLLAND, Hilde Fadnes | Director | 2018-05-23 | 2020-01-01 |
| HUSTAD, John Einar | Director | 2012-06-26 | 2021-06-01 |
| IVERSEN, Rune Saeboe | Director | 2010-08-04 | 2012-06-26 |
| JUSTAD, Henny May | Director | 2012-06-26 | 2016-06-01 |
| KRINGSTAD, Hilde Berge | Director | 2016-06-01 | 2018-05-23 |
| LIE, Nina Schieldrop | Director | 2012-06-26 | 2020-01-01 |
| LOSNEGARD, Mona Beate Losengård | Director | 2016-06-01 | 2018-05-23 |
| QUALE, Sverre | Director | 2010-08-04 | 2013-06-27 |
| REKDAL, Ottar Inge | Director | 2012-01-01 | 2016-06-30 |
| RUGLAND, Brit Kristin Saebo | Director | 2010-08-04 | 2012-01-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 67 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | AA | accounts | Accounts with accounts type full | |
| 2024-11-21 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2023-07-27 | AA | accounts | Accounts with accounts type full | |
| 2022-11-10 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-11-10 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-11-09 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-11-09 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-11-09 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-11-09 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-11-09 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-07-11 | AA | accounts | Accounts with accounts type full | |
| 2022-03-24 | OSTM03 | officers | Termination person authorised overseas company | |
| 2022-03-24 | OSTM03 | officers | Termination person authorised overseas company | |
| 2022-03-24 | OSTM03 | officers | Termination person authorised overseas company | |
| 2022-03-24 | OSTM03 | officers | Termination person authorised overseas company | |
| 2022-03-24 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-03-24 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-03-24 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-03-24 | OSAP01 | officers | Appoint person director overseas company with name appointment date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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
-
Turnover
+8.7%
£1,296,931,239 £1,409,348,318
-
Cash
+13.7%
£38,797,583 £44,132,205
-
Net assets
0%
£1,228,439 £1,228,439
-
Employees
+8.4%
393 426
-
Wages
+14.4%
£40,926,002 £46,805,639
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