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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-07-19 (in 2mo)

Last made up 2025-07-05

Watchouts

None on the register

Cash

Latest balance sheet

Net assets

£154M

+19.4% vs 2023

Employees

Average over period

Profit before tax

£36M

+38.3% vs 2023

Name history

Renamed 3 times since incorporation

  1. BAKER HUGHES INTERNATIONAL LIMITED 2020-02-14 → present
  2. GE OIL & GAS INTERNATIONAL LIMITED 2017-02-27 → 2020-02-14
  3. GE OIL & GAS NORTH AFRICA LIMITED 2010-09-07 → 2017-02-27
  4. VETCO GRAY NORTH AFRICA LIMITED 2006-07-05 → 2010-09-07

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £309,007,413£699,580,430
Operating profit £17,458,858£31,240,178
Profit before tax £25,670,867£35,512,231
Net profit £14,130,467£24,954,040
Cash
Total assets less current liabilities £129,042,995£153,997,035
Net assets £128,771,683£153,725,723
Equity £128,771,683£153,725,723
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 2023-12-312024-12-31
Operating margin 5.6%4.5%
Net margin 4.6%3.6%
Return on capital employed 13.5%20.3%
Gearing (liabilities / total assets) 67.7%69.7%
Current ratio 1.45x1.40x
Interest cover 44.95x12.67x

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 financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that taking account of reasonably possible downsides on the operations and its financial resources, the company will have sufficient funds to meet its liabilities as they fall due for that period.”

Group structure

  1. BAKER HUGHES INTERNATIONAL LIMITED · parent
    1. Vetco Gray Egypt Ltd 1% · Egypt

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

People

3 active · 14 resigned

Name Role Appointed Born Nationality
DUNLOP, Lorraine Amanda Secretary 2019-12-02
DAVIES, Gareth Director 2026-04-27 Jun 1979 British
FIRMANI, David Vincent Director 2024-06-03 May 1971 Italian
Show 14 resigned officers
Name Role Appointed Resigned
DUNBAR, Joanna Carolyn Pyper Secretary 2006-07-05 2011-05-20
BUTCHER, Adam Paul Director 2022-12-01 2024-05-24
CHICHESTER, Carole Audrey Director 2017-09-14 2019-12-02
CORBIN, Matthew William John Director 2008-01-04 2011-12-14
DUNN, Nicholas Alexander Director 2009-09-01 2017-11-13
FINES, Gary John Director 2024-03-22 2026-03-10
FRAME, Duncan Peter Director 2013-01-10 2017-11-16
LAMONT, David Turch Director 2006-07-05 2008-01-04
LARSSEN, Davis Marc Director 2006-07-05 2008-07-31
MORRISON, Geoffrey Elmslie Director 2009-09-01 2011-09-15
RANA, Sameen Naeem Director 2008-07-16 2010-01-06
SALVADORI, Erica Director 2020-01-01 2022-12-01
SLOAN, Alasdair Murray Campbell Director 2016-08-10 2022-11-30
SMITH, Kevin Patrick Director 2016-08-15 2017-08-18

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Sondex Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Active

Filing timeline

Last 20 of 89 total filings

Date Type Category Description
2026-04-28 AP01 officers Appoint person director company with name date PDF
2026-03-24 TM01 officers Termination director company with name termination date PDF
2025-10-09 AA accounts Accounts with accounts type full
2025-07-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-11-22 CH01 officers Change person director company with change date PDF
2024-11-21 AA accounts Accounts with accounts type full
2024-07-05 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-06-03 AP01 officers Appoint person director company with name date PDF
2024-05-30 TM01 officers Termination director company with name termination date PDF
2024-03-25 AP01 officers Appoint person director company with name date PDF
2024-01-16 AA accounts Accounts with accounts type full
2023-07-20 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-04-12 AA accounts Accounts with accounts type full
2022-12-02 AP01 officers Appoint person director company with name date PDF
2022-12-02 TM01 officers Termination director company with name termination date PDF
2022-12-02 TM01 officers Termination director company with name termination date PDF
2022-07-28 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-05-31 AA accounts Accounts with accounts type full
2021-11-15 AA accounts Accounts with accounts type full
2021-07-22 CS01 confirmation-statement Confirmation statement with no updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
1

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

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

Official Companies House page