ODFJELL TECHNOLOGY INVEST LTD.
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Cash
£2M
-94.4% vs 2023
Net assets
£97M
-18.6% vs 2023
Employees
—
Average over period
Profit before tax
£17M
+8.8% vs 2023
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 | £33,673,777 | £34,001,199 | |
| Operating profit | £15,786,710 | £17,168,509 | |
| Profit before tax | £15,786,710 | £17,168,509 | |
| Net profit | £15,786,710 | £15,753,145 | |
| Cash | £34,350,445 | £1,910,383 | |
| Total assets less current liabilities | £118,896,517 | £96,922,984 | |
| Net assets | £118,689,166 | £96,636,529 | |
| Equity | £118,689,166 | £96,636,529 | |
| Average employees | — | — | |
| Wages | £246,398 | £234,600 |
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 | 46.9% | 50.5% | |
| Net margin | 46.9% | 46.3% | |
| Return on capital employed | 13.3% | 17.7% | |
| Gearing (liabilities / total assets) | 1.7% | 8.5% | |
| Current ratio | 26.03x | 2.42x | |
| Interest cover | 632.84x | 300.85x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Kreston Menon Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern”
Group structure
- ODFJELL TECHNOLOGY INVEST LTD. · parent
- Odfjell Well Services Ltd 100%
- Odfjell Well Services Norway AS 100%
- Odfjell Well Services Cooperatief U A 99%
- Odfjell Well Services II Ltd 100%
- Odfjell Arabia Drilling Services Co 100%
- Odfjell Well Services AS 100%
- Odfjell Well Services (UK) Ltd 100%
- McGarian TDC Limited 100%
Significant events
- “There are no significant events after the reporting period.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CONYERS CORPORATE SERVICES (BERMUDA) LIMITED | Corporate Secretary | 2023-07-07 | — | — |
| ODFJELL, Helene | Director | 2023-07-07 | Sep 1965 | Norwegian |
| SHIACH, Alasdair Geddes | Director | 2023-07-07 | Feb 1956 | British |
| STEPHEN, Diane Elizabeth Macdonald | Director | 2025-04-01 | Nov 1969 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LIEUNGH, Simen | Director | 2023-07-07 | 2025-04-01 |
Ownership
Persons with significant control
Filing timeline
Last 12 of 12 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-10 | AA | accounts | Accounts with accounts type full | |
| 2025-05-09 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-05-08 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-01-17 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-07-07 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2023-07-07 | OS-PAR | annual-return | Appointment at registration of person authorised to accept service | |
| 2023-07-07 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2023-07-07 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2023-07-07 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2023-07-07 | OSIN01 | incorporation | Register overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
+1%
£33,673,777 £34,001,199
-
Cash
-94.4%
£34,350,445 £1,910,383
-
Net assets
-18.6%
£118,689,166 £96,636,529
-
Employees
—
Not reported
-
Operating profit
+8.8%
£15,786,710 £17,168,509
-
Profit before tax
+8.8%
£15,786,710 £17,168,509
-
Wages
-4.8%
£246,398 £234,600
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