FORUM ENERGY TECHNOLOGIES (UK) LIMITED

1. FORUM ENERGY TECHNOLOGIES (UK) LIMITED 2010-09-29 → present
2. DPS OFFSHORE LIMITED 2010-04-22 → 2010-09-29
3. DYNAMIC POSITIONING SERVICES LIMITED 2005-03-02 → 2010-04-22
4. KERLOCH ASSOCIATES LIMITED 2003-03-06 → 2005-03-02
5. ISANDCO FOUR HUNDRED AND SEVEN LIMITED 2002-10-30 → 2003-03-06

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 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors remain confident in the future prospects for the company. Although inherent uncertainties exist within future projections, the directors expect the company to be cash generative in the future. The company has received confirmation from the parent company of continued support for the 12 months from the date of approval of these financial statements.”

Group structure

1. FORUM ENERGY TECHNOLOGIES (UK) LIMITED · parent
   1. Forum Germany Holdings Limited 100% · Scotland · Holding company
   2. Multilift Wellbore Technology Limited 100% · UK · design, manufacture and provision of subsea and drilling related products for the oil and natural gas industry
   3. Forum B+V Oil Tools GmbH 95% · Germany · design, manufacture and provision of subsea and drilling related products for the oil and natural gas industry

Significant events

• “On 29 May 2025, the company negotiated an extension to the lease of the Cumberland House premises until May 2036.”
• “On 12 June 2025, FET announced that it executed a contract for a state-of-the-art submarine rescue vehicle system for the Indonesian Navy. The contract will run through the UK until 2028.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +3.2%

  £55,806,000 → £57,567,000

• Cash

  -13.5%

  £6,674,000 → £5,770,000

• Net assets

  -66.9%

  £74,778,000 → £24,753,000

• Employees

  +6.9%

  160 → 171

• Operating profit

  +1,591.8%

  £550,000 → £9,305,000

• Profit before tax

  +1,611.1%

  £542,000 → £9,274,000

• Wages

  +15.5%

  £7,516,000 → £8,681,000

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