DOF SUBSEA UK LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-04-27.

1. DOF SUBSEA UK LIMITED 2008-05-12 → present
2. GEO CENTURY LIMITED 2006-01-20 → 2008-05-12
3. CENTURY SUBSEA LIMITED 1999-07-07 → 2006-01-20
4. LOTHIAN FIFTY (582) LIMITED 1999-04-20 → 1999-07-07

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on the assumption of going concern. The Company's earnings for 2024 have improved significantly and resulted in an improved profit for the year compared to 2023. The markets have been strong during 2024 and based on the Group's high backlog and the budgets for the next 12 months, the Board of Directors is of the opinion that the Company is a going concern.”

Group structure

1. DOF SUBSEA UK LIMITED · parent
   1. DOF Subsea Ghana Investments Limited 100% · Accra, Ghana · Investment company
   2. DOF Subsea Ghana 49% · Accra, Ghana · Subsea services

Significant events

• “During 2024, the Company has successfully completed a major decommissioning project in the North Sea, as well as a major cable replacement project for a windfarm outside the Netherlands.”
• “The Company has experienced high activity in West Africa, with completion of two large projects (Ivory Coast) and continuation of one major project in Mauritania.”
• “On 16th April 2024 the Company agreed to act as a guarantor for the obligations of DOF Subsea AS under the Group Account System (GAS) Agreement, therefore fixed charge was created on that date.”
• “All charges relating to Nordice Trustees AS were released as of 27th March 2025 as a consequence of refinancing.”

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

2

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

  +147.1%

  £66,881,600 → £165,261,485

• Cash

  +534.9%

  £3,489,643 → £22,156,777

• Net assets

  +1,205.6%

  £1,240,088 → £16,190,627

• Employees

  +34.1%

  123 → 165

• Operating profit

  +2,341.5%

  -£797,546 → £17,876,961

• Profit before tax

  +1,267.7%

  -£1,533,400 → £17,905,706

• Wages

  +15.1%

  £10,727,830 → £12,342,470

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