SUBSEA 7 BLUE SPACE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-02 (in 5mo)
Last made up 2025-09-18
Watchouts
None on the register
Cash
£4K
0% vs 2023
Net assets
£492M
-2% vs 2023
Employees
—
Average over period
Profit before tax
-£13M
+0.2% vs 2023
Name history
Renamed 6 times since incorporation
- SUBSEA 7 BLUE SPACE LIMITED 2021-07-06 → present
- SUBSEA 7 CONTRACTING (UK) LIMITED 2011-01-12 → 2021-07-06
- ACERGY UK LIMITED 2006-01-23 → 2011-01-12
- STOLT OFFSHORE LIMITED 2000-01-24 → 2006-01-23
- STOLT COMEX SEAWAY LIMITED 1993-12-08 → 2000-01-24
- SEAWAY (UK) LIMITED 1990-12-13 → 1993-12-08
- TILTAN LIMITED 1990-11-27 → 1990-12-13
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 | — | — | |
| Operating profit | -£2,258,710 | -£35,582 | |
| Profit before tax | -£13,013,343 | -£12,992,587 | |
| Net profit | -£10,379,540 | -£9,776,872 | |
| Cash | £4,448 | £4,448 | |
| Total assets less current liabilities | — | — | |
| Net assets | £501,281,690 | £491,504,818 | |
| Equity | £501,281,690 | £491,504,818 | |
| Average employees | — | — | |
| Wages | — | — |
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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 41.8% | 43.1% | |
| Current ratio | 1.55x | 1.35x | |
| Interest cover | -0.17x | -0.00x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider that the going concern assumption remains appropriate for the Company. In forming that conclusion, the Directors have taken into consideration the potential completion of the proposed merger with Saipem S.p.A. The Directors consider that there are no significant doubts over the application of the going concern assumption and no disclosable material uncertainties which cast doubt upon the Company's ability to continue as a going concern.”
Group structure
- SUBSEA 7 BLUE SPACE LIMITED · parent
- Seaway 7 AS 72.4%
- Subsea 7 Korea Co., Limited 100%
- Salamander Offshore Wind Limited 21%
Significant events
- “On 21 May 2025, the Group borrowed $50.0 million under the $600.0 million multi-currency revolving credit and guarantee facility. The facility is guaranteed by Subsea 7 Finance (UK) Plc and Subsea 7 S.A., the ultimate parent company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 44 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PEACE, Lorna Helen | Secretary | 2011-10-19 | — | — |
| FOLEY, Mark | Director | 2022-01-01 | Apr 1973 | British |
| LOUYS, Nathalie Veronique Jacqueline Ghislaine | Director | 2021-07-06 | Nov 1963 | Belgian |
| WATTS, Rachel | Director | 2021-07-06 | Mar 1972 | British |
Show 44 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| IRVINE, Hugh Richard | Secretary | 2007-12-03 | 2009-03-27 |
| MIDDLETON, Sandra Elizabeth | Nominee Secretary | 1990-11-27 | 1990-11-30 |
| TAYLOR, Darren | Secretary | 2009-03-05 | 2011-10-19 |
| PAULL & WILLIAMSONS | Corporate Secretary | 1990-11-30 | 1997-08-07 |
| SUBSEA 7 M.S. LIMITED | Corporate Secretary | 1997-08-07 | 2018-09-05 |
| BRUNNEN, Jeremy Alan | Director | 1995-07-14 | 2002-10-02 |
| CAHUZAC, Jean Paul | Director | 2008-04-14 | 2009-02-19 |
| CHABAS, Bruno Raymond Yves | Director | 1999-06-18 | 2010-02-25 |
| CROWE, Simon Paul | Director | 2009-11-04 | 2010-02-25 |
| EHRET, Thomas | Director | 2003-03-17 | 2008-04-14 |
| ELLIS, Simon David | Director | 2013-01-03 | 2021-07-06 |
| FLEURY, Guy Jean Marie | Director | 1992-07-22 | 1994-06-13 |
| FRIKSTAD, Paul Arild | Director | 1995-08-02 | 1999-06-18 |
| GRAY, Gary George | Director | 2004-12-06 | 2007-09-01 |
| HIRST, Terence John | Director | 1994-03-01 | 1995-08-02 |
| HIRST, Terence John | Director | 1990-11-30 | 1992-06-12 |
| JACKSON, Stuart Robert | Director | 2004-12-06 | 2009-07-13 |
| JACOBE DE NAUROIS, Gilles Charles Marie | Director | 1994-03-01 | 1995-05-23 |
| JOHN, Michael Dendle | Director | 1990-11-30 | 1991-11-30 |
| JONES, Mike John, Dr | Director | 2009-07-13 | 2009-11-04 |
| LAWRENCE, Tyrone | Director | 2010-02-25 | 2010-11-26 |
| LIE, Kaare Johannes | Director | 1990-11-30 | 1992-06-12 |
| MCLELLAN, Gordon Mccrum | Director | 1991-10-29 | 1992-06-12 |
| MCNEILL, Stephen Anthony | Director | 2011-06-01 | 2014-04-01 |
| MCNIVEN, Alan Ross | Nominee Director | 1990-11-27 | 1990-11-30 |
| MEIL, Graham John | Director | 2008-11-01 | 2011-06-20 |
| MEIL, Graham John | Director | 2005-02-14 | 2006-01-09 |
| MELING, Jan Fredrik | Director | 1990-11-30 | 1992-06-12 |
| MIKAELSEN, Oeyvind | Director | 2003-07-09 | 2012-06-08 |
| MIKAELSEN, Oyvind | Director | 2012-09-28 | 2015-01-01 |
| MURRAY, Patricia | Director | 2011-06-01 | 2015-07-22 |
| O'HARA, Marie-Louise Frances | Director | 2011-10-19 | 2012-11-14 |
| OAKLEY, Stuart David | Director | 1990-11-30 | 1992-07-22 |
| PEARSON, Chris | Director | 2010-02-25 | 2011-04-06 |
| REKVE, Ellen Norloff | Director | 2007-09-01 | 2011-06-20 |
| ROSA, Ricardo Horacio | Director | 2021-07-06 | 2021-12-31 |
| SHEEHAN, Timothy William | Director | 2006-01-09 | 2008-06-27 |
| SIMONS, Philip John | Director | 2013-03-25 | 2018-04-01 |
| SIREVAAG, Helge Byhre | Director | 2004-12-06 | 2010-02-25 |
| STRACHAN, Colin | Director | 2018-04-01 | 2021-07-06 |
| TAYLOR, Darren | Director | 2011-06-01 | 2011-10-19 |
| VOSSIER, Bernard Lucien | Director | 1995-03-27 | 2003-03-17 |
| VOSSIER, Bernard Lucien | Director | 1992-06-12 | 1994-09-30 |
| WEBSTER, Gary Roderick | Director | 2000-06-02 | 2003-07-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Subsea 7 International Holdings (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-06-30 | Active |
| Subsea 7 Senior Holdings (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2020-06-30 |
Filing timeline
Last 20 of 231 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-07-06 RESOLUTIONS Resolution PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2024-02-29 | CH01 | officers | Change person director company with change date | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-12 | AA | accounts | Accounts with accounts type full | |
| 2022-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-09 | SH01 | capital | Capital allotment shares | |
| 2021-07-30 | AA | accounts | Accounts with accounts type full | |
| 2021-07-06 | RESOLUTIONS | resolution | Resolution | |
| 2021-07-06 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-06 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-06 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-06 | AP01 | officers | Appoint person director company with name date | |
| 2021-07-06 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
—
Not reported
-
Cash
0%
£4,448 £4,448
-
Net assets
-2%
£501,281,690 £491,504,818
-
Employees
—
Not reported
-
Operating profit
+98.4%
-£2,258,710 -£35,582
-
Profit before tax
+0.2%
-£13,013,343 -£12,992,587
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