KCA DEUTAG DRILLING LIMITED

1. KCA DEUTAG DRILLING LIMITED 2002-01-03 → present
2. K C A DRILLING LIMITED 1957-01-11 → 2002-01-03

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing whether the financial statements for the Company should be prepared on the going concern basis, the directors have considered current market conditions and the outlook for the Company. The Directors have assessed a period to 30 September 2026. The Company has net assets at the Balance sheet date of £161,131k (2023: £192,498k). The Directors have also considered the cash requirements of the business and concluded that the business has sufficient funding to sustain operations throughout the going concern period. ... For the Company to continue as a going concern, it is reliant upon the provision of financial support from the group. As such, the Directors have obtained a letter of support from Abbot Group Limited, to assist in meeting liabilities as and when they fall due, but only to the extent that money is not otherwise available to meet such liabilities.”

Group structure

1. KCA DEUTAG DRILLING LIMITED · parent
   1. KCA Deutag Drilling Services (UK) Limited 100% · Great Britain
   2. KCA DEUTAG LLC 100% · USA
   3. KCA DEUTAG Holdings Norge AS 100% · Norway
   4. KCA DEUTAG Drilling Norge AS 100% · Norway
   5. KCA DEUTAG MODU Operations AS 100% · Norway
   6. Abbot Holdings Norge AS 100% · Norway
   7. KCA DEUTAG Offshore AS 100% · Norway
   8. KCA DEUTAG Drilling Offshore Services AS 100% · Norway/Great Britain
   9. KCA DEUTAG Drilling Saudi Arabia Limited 100% · Saudi Arabia
   10. KCA DEUTAG Drilling Canada Inc. 100% · Canada

Significant events

• “On 16 January 2025, HP Global Holdings Limited (H&P) completed the Acquisition of 100% of the share capital of KCA Deutag International Limited and its subsidiaries pursuant to the Purchase Agreement signed in July 2024.”
• “During 2024 the Company also received a dividend from a subsidiary, KCA DEUTAG Holdings Norge AS of £25,934k.”
• “The Court of Appeal dismissed an appeal to the judgment in the Virgin Media v NTL Trustees case on 25 July 2024, concerning Defined Benefit schemes which previously contracted-out of the state pension system.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.4%

  £114,095,000 → £115,737,000

• Cash

  -15.5%

  £16,221,000 → £13,707,000

• Net assets

  -16.3%

  £192,498,000 → £161,131,000

• Employees

  +7%

  556 → 595

• Operating profit

  -198.9%

  £18,070,000 → -£17,870,000

• Profit before tax

  -95.6%

  £163,781,000 → £7,206,000

• Wages

  +143.8%

  £24,473,000 → £59,672,000

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