RUBICON OILFIELD INTERNATIONAL UK LTD.

• ⚠

  Annual accounts overdue

  Due 2025-09-30.

1. RUBICON OILFIELD INTERNATIONAL UK LTD. 2018-07-30 → present
2. TERCEL OILFIELD PRODUCTS UK LIMITED 2012-03-21 → 2018-07-30
3. CALEDUS LIMITED 2003-02-19 → 2012-03-21
4. CALLIDUS TECHNOLOGY SERVICES LIMITED 2003-02-10 → 2003-02-19
5. LAINGWATCH LIMITED 2003-01-07 → 2003-02-10

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

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the assumption that the Group and company, will continue as a going concern for the foreseeable future without any significant curtailment of activities and that it will be able to meet its liabilities as they fall due. Rubicon Oilfield International UK Ltd. has continued to generate cash during 2024 and 2025. The directors are confident this will continue with the business levels projected and the actions taken to manage the volatile oil price environment. The directors are satisfied that based on forecasted cashflows to December 2026, it is a reasonable and plausible scenario that the Group and company has sufficient cashflows to continue on a going concern basis until 31 December 2026.”

Group structure

1. RUBICON OILFIELD INTERNATIONAL UK LTD. · parent
   1. Rubicon Oilfield International AS 100% · Norway · provision of services to the oil and gas industry.

Significant events

• “The company has declared, and paid dividends post year end for total value of $8,553,000 (£6,879,000).”
• “On March 18th, 2024, Innovex announced agreement with Dril-Quip, Inc to merge in an all-stock transaction. This was completed on September 6, 2024, with the combined company assuming the Innovex International, Inc name and listing on the New York Stock Exchange. The combined business has a comprehensive product and service offering for the lifecycle of the oil & gas well.”
• “Following a post year end review of distributions, the directors identified dividends totalling £4,151,000, paid throughout the year ending 31 December 2023, were done so illegally due to insufficient distributable reserves. It was agreed by the directors to undertake a capital reduction of £6,879,075 to increase distributable reserves. This was sufficient to cover all distributions made in 2023 and 2024.”

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

Filings

15

last 12 months

Capital events

2

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

  -15.3%

  £12,571,000 → £10,647,000

• Cash

  +23.7%

  £802,000 → £992,000

• Net assets

  -54.1%

  £9,267,000 → £4,254,000

• Employees

  +9.1%

  22 → 24

• Operating profit

  -58.9%

  £4,924,000 → £2,023,000

• Profit before tax

  -58.9%

  £4,922,000 → £2,023,000

• Wages

  +20.9%

  £1,657,000 → £2,003,000

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