JAMES FISHER OFFSHORE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-11 (in 11mo)
Last made up 2026-03-28
Watchouts
None on the register
Cash
£47K
Latest balance sheet
Net assets
-£27M
-25.6% vs 2023
Employees
86
-13.1% vs 2023
Profit before tax
-£7M
+26.5% vs 2023
Name history
Renamed 4 times since incorporation
- JAMES FISHER OFFSHORE LIMITED 2006-09-05 → present
- JAMES FISHER SCAN TECH UK LIMITED 2003-02-12 → 2006-09-05
- JAMES FISHER (UNDERWATER ENGINEERING SERVICES) LIMITED 1998-03-31 → 2003-02-12
- UNDERWATER ENGINEERING SERVICES LIMITED 1987-11-25 → 1998-03-31
- JURIS LIMITED 1987-03-12 → 1987-11-25
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £10,314,198 | £10,573,204 | |
| Operating profit | -£5,512,702 | -£9,017,523 | |
| Profit before tax | -£9,870,108 | -£7,251,555 | |
| Net profit | -£11,564,722 | -£5,517,589 | |
| Cash | £0 | £46,593 | |
| Total assets less current liabilities | £14,076,005 | £12,194,306 | |
| Net assets | -£21,538,197 | -£27,055,786 | |
| Equity | -£21,538,197 | -£27,055,786 | |
| Average employees | 99 | 86 | |
| Wages | £5,261,030 | £4,668,348 |
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 | -53.4% | -85.3% | |
| Net margin | -112.1% | -52.2% | |
| Return on capital employed | -39.2% | -73.9% | |
| Current ratio | 1.88x | 1.55x | |
| Interest cover | -1.79x | -2.63x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are of the opinion that the company has sufficient financial resources to continue trading for at least 12 months from the date of this report. See the going concerns section in note 2 to the financial statements for more details on the going concern assessment.”
Group structure
- JAMES FISHER OFFSHORE LIMITED · parent
- James Fisher MFE Limited 100%
- James Fisher Subsea Excavation Inc 0%
- James Fisher Subsea Excavation S.A. de CV 100%
- James Fisher Subsea Excavation Personnel S.A. de CV 100%
Significant events
- “As part of the strategic review conducted in 2024 the cost base was restructured and will reduce significantly in 2025 to align with the organisational structure required for the planned growth over the short to medium-term.”
- “The company disposed of non-core assets that resulted in a £3.3m profit on disposal.”
- “On 19 September 2024, the Group completed the refinancing of its Revolving Credit Facility ("RCF").”
- “James Fisher Offshore Limited disposed of its investment in James Fisher Subsea Excavation Inc to a fellow group company for a consideration of £1,921,875 on the 1st October 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 39 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MACTAGGART, Dugald | Director | 2023-04-20 | Feb 1963 | British |
| STEPHEN, Mark Douglas | Director | 2023-11-13 | Feb 1982 | British |
Show 39 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLYTH, John Terence | Secretary | 1998-03-11 | 2003-05-31 |
| COUSIN, Ragnhild Greta | Secretary | — | 1998-03-11 |
| HOGGAN, Michael John | Secretary | 2016-04-26 | 2017-07-03 |
| MARSH, James Henry John | Secretary | 2017-07-03 | 2022-09-01 |
| SPEIRS, Peter Alexander | Secretary | 2022-09-01 | 2022-12-31 |
| TYLER, Justin John Blakeney | Secretary | 2009-09-15 | 2010-08-31 |
| VICK, Jonathan Proctor | Secretary | 2010-09-01 | 2016-04-26 |
| VICK, Jonathan Procter | Secretary | 2003-06-01 | 2010-04-12 |
| BJORNSEN, Bjorn Erik | Director | 2003-01-07 | 2006-06-05 |
| BOYD, Gary Mcdonald | Director | 2011-01-10 | 2014-07-08 |
| BUCHANAN, Richard Angus Fownes | Director | 2003-05-12 | 2004-12-06 |
| BUCHANAN, Richard Angus Fownes | Director | 2000-01-17 | 2001-04-11 |
| CHRISTIE, Ruth Barclay | Director | 2023-04-20 | 2023-11-13 |
| COUSIN, William Hunter | Director | — | 1998-03-11 |
| DAVIDSON, Jack Knarston Flett | Director | 2015-12-14 | 2023-01-30 |
| DAVIDSON, Scott Frank | Director | 2014-07-08 | 2018-01-19 |
| DIACK, Ian Anderson | Director | 2009-09-01 | 2013-04-30 |
| DOUGLAS, Aidan Andrew | Director | 2015-12-14 | 2019-06-30 |
| DUTHIE, Duncan | Director | 2009-09-01 | 2013-10-01 |
| HART, Trevor Charles | Director | 1999-04-30 | 2000-01-14 |
| HENRY, Nicholas Paul | Director | 2004-12-06 | 2019-10-01 |
| KILPATRICK, Stuart Charles | Director | 2010-12-01 | 2021-04-29 |
| LOGAN, Robert Bruce | Director | 2009-04-06 | 2009-11-30 |
| LORIMER, John Main | Director | 2006-06-05 | 2016-09-30 |
| MARSH, Martin Graham | Director | 2018-01-19 | 2021-10-20 |
| O'LIONAIRD, Eoghan Pol | Director | 2019-10-01 | 2022-10-31 |
| PACITTI-SIMPSON, Celia Margaret Louise | Director | 2021-10-27 | 2023-06-02 |
| PARKES, Roderick Jonathan Alasdair | Director | 2019-08-05 | 2020-09-23 |
| RIDDOCH, Jeffrey James | Director | — | 2006-08-31 |
| ROBERTSON, Michael John Barclay | Director | 2009-09-01 | 2015-12-14 |
| SANDS, John Robert | Director | 2004-02-02 | 2005-11-16 |
| SERJENT, Ian Malcolm | Director | 2001-04-11 | 2006-05-04 |
| SERJENT, Ian Malcolm | Director | 1998-03-11 | 1999-04-30 |
| SHIELDS, Michael John | Director | 1998-03-11 | 2010-11-30 |
| SPEIRS, Peter Alexander | Director | 2022-10-31 | 2022-12-31 |
| STEVENS, Christopher | Director | 2009-04-14 | 2023-05-30 |
| VALLARINO, Bernardino | Director | 1998-12-01 | 2000-08-04 |
| VETTESE, Luigi | Director | 2009-09-01 | 2011-06-01 |
| WINWARD, Christopher | Director | 2009-09-01 | 2015-12-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| James Fisher (Aberdeen) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-30 | Active |
| James Fisher And Sons Public Limited Company | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-12-30 |
Filing timeline
Last 20 of 221 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-30 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-11 | AA | accounts | Accounts with accounts type full | |
| 2023-07-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-02 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
+2.5%
£10,314,198 £10,573,204
-
Cash
—
Not reported
-
Net assets
-25.6%
-£21,538,197 -£27,055,786
-
Employees
-13.1%
99 86
-
Operating profit
-63.6%
-£5,512,702 -£9,017,523
-
Profit before tax
+26.5%
-£9,870,108 -£7,251,555
-
Wages
-11.3%
£5,261,030 £4,668,348
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