BW OFFSHORE (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-15 (in 10mo)
Last made up 2026-03-01
Watchouts
None on the register
Cash
£4M
+415.1% vs 2023
Net assets
£3M
+345.6% vs 2023
Employees
152
-3.8% vs 2023
Profit before tax
£3M
+58.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £20,856,931 | £21,131,950 | |
| Operating profit | £993,328 | £1,005,930 | |
| Profit before tax | £2,097,850 | £3,333,580 | |
| Net profit | £1,906,597 | £2,633,803 | |
| Cash | £686,434 | £3,535,953 | |
| Total assets less current liabilities | — | — | |
| Net assets | £762,046 | £3,395,849 | |
| Equity | £762,046 | £3,395,849 | |
| Average employees | 158 | 152 | |
| Wages | £13,224,611 | £13,990,363 |
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 |
|---|---|---|---|
| Operating margin | 4.8% | 4.8% | |
| Net margin | 9.1% | 12.5% | |
| Gearing (liabilities / total assets) | 85.2% | 57.7% | |
| Current ratio | 1.09x | 1.72x | |
| Interest cover | 2.86x | 41.12x |
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
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors confirm that the financial statements have been prepared under the assumption of going concern. This assumption is based on profit forecasts for the twelve months from the date of signing the financial statements. The Company meets its day-to-day working capital requirements using its liquidity.”
Group structure
- BW OFFSHORE (UK) LIMITED · parent
- BW Offshore Poland Sp. z o.o. 100%
- BW Offshore USA Management, Inc. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCAREAVEY, Michael Thomas, Mr. | Director | 2024-10-17 | Feb 1970 | British |
| SKJELOY, Asgeir | Director | 2022-09-13 | Jun 1974 | Norwegian |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MURRAY DONALD LLP | Corporate Secretary | 2011-12-20 | 2014-11-01 |
| THORNTONS LAW LLP | Corporate Secretary | 2014-11-01 | 2026-04-23 |
| ARNET, Carl Krogh | Director | 2018-03-23 | 2019-07-01 |
| IKEDA, Kei, Mr. | Director | 2019-07-01 | 2024-10-17 |
| LANGSRUD, Hans Kristian | Director | 2019-07-01 | 2024-07-08 |
| MYRAN, Jon | Director | 2010-07-19 | 2017-01-01 |
| SKJELØY, Asgeir | Director | 2022-09-13 | 2022-09-13 |
| SOLVAG, Ole | Director | 2011-02-17 | 2019-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bw Offshore Limited | Corporate entity | Shares 75–100% | 2021-03-01 | Active |
| Bw Offshore Cyprus Limited | Corporate entity | Shares 75–100% | 2020-02-01 | Ceased 2021-03-01 |
| Bw Offshore Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2020-02-01 |
Filing timeline
Last 20 of 68 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-15 | AA | accounts | Accounts with accounts type full | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-15 | AA | accounts | Accounts with accounts type full | |
| 2024-11-11 | CH01 | officers | Change person director company with change date | |
| 2024-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-12 | CH01 | officers | Change person director company with change date | |
| 2024-06-12 | CH01 | officers | Change person director company with change date | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-13 | AA | accounts | Accounts with accounts type full | |
| 2023-08-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-14 | SH01 | capital | Capital allotment shares | |
| 2022-10-10 | AA | accounts | Accounts with accounts type full | |
| 2022-09-28 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-14 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
+1.3%
£20,856,931 £21,131,950
-
Cash
+415.1%
£686,434 £3,535,953
-
Net assets
+345.6%
£762,046 £3,395,849
-
Employees
-3.8%
158 152
-
Operating profit
+1.3%
£993,328 £1,005,930
-
Profit before tax
+58.9%
£2,097,850 £3,333,580
-
Wages
+5.8%
£13,224,611 £13,990,363
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