ENPRO SUBSEA LIMITED
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2026-06-14 (in 1mo)
Last made up 2025-05-31
Watchouts
Cash
—
Latest balance sheet
Net assets
£9M
-12.1% vs 2022
Employees
20
+25% vs 2022
Profit before tax
-£1M
-2,526.4% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
Name history
Renamed 2 times since incorporation
- ENPRO SUBSEA LIMITED 2015-01-29 → present
- CANSCO SUBSEA LIMITED 2011-05-25 → 2015-01-29
- MOUNTWEST ADAPT LIMITED 2011-05-04 → 2011-05-25
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Turnover | £7,532,126 | £6,028,575 | |
| Operating profit | -£108,443 | -£1,532,817 | |
| Profit before tax | -£56,490 | -£1,483,657 | |
| Net profit | -£95,208 | -£1,185,544 | |
| Cash | £1,126,235 | — | |
| Total assets less current liabilities | £11,074,005 | £9,591,349 | |
| Net assets | £9,724,892 | £8,545,422 | |
| Equity | £9,724,892 | £8,545,422 | |
| Average employees | 16 | 20 | |
| Wages | £982,620 | £1,518,678 |
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 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | -1.4% | -25.4% | |
| Net margin | -1.3% | -19.7% | |
| Return on capital employed | -1.0% | -16.0% | |
| Gearing (liabilities / total assets) | 28.2% | 37.0% | |
| Current ratio | 2.91x | 1.94x | |
| Interest cover | -13.48x | -27.02x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors, having made due and careful enquiry, are of the opinion that the Company has adequate working capital to execute its operations over the next 12 months. The Directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- ENPRO SUBSEA LIMITED · parent
- Enpro Subsea Operations Limited 100%
- Enpro Subsea Group Limited 100%
Significant events
- “2023 saw a continuation of the challenging backdrop as customers continued to defer or delay projects across all product lines.”
- “Gross margin reduced in the period as the Company was adversely impacted by the product and service mix moving towards manufacture and product supply rather than higher margin aftermarket services.”
- “Operating costs, which comprise mostly fixed costs, rose due to inflationary factors as well as increased investment in the selling and administrative functions in the year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| REES, Claire Jacqueline | Secretary | 2023-10-02 | — | — |
| BLUES, Andrew | Director | 2025-09-24 | Jul 1981 | Scottish |
| FERGUSON, Bruce Hill | Director | 2020-02-20 | Oct 1971 | British |
| JOHNSON, Arthur James | Director | 2020-02-20 | May 1960 | American |
| TIPTON, Dane | Director | 2020-02-20 | Aug 1971 | American |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WILLEY, David Benjamin, Dr | Secretary | 2020-10-21 | 2023-10-01 |
| STRONACHS SECRETARIES LIMITED | Corporate Secretary | 2011-05-04 | 2020-02-20 |
| BARRIE, Stewart | Director | 2020-04-16 | 2025-01-17 |
| BRYCE, Thomas Gerard | Director | 2011-05-20 | 2020-02-20 |
| DONALD, Ian | Director | 2012-07-04 | 2020-02-20 |
| GAMMAN, Einar | Director | 2018-01-09 | 2020-02-20 |
| HERRERA, Gregory John | Director | 2018-01-09 | 2020-02-20 |
| NEILSON, Ewan Craig | Nominee Director | 2011-05-04 | 2011-05-20 |
| REID, John | Director | 2012-07-04 | 2020-02-20 |
| ROBB, Steven George Morris | Director | 2014-09-16 | 2020-02-20 |
| ROGERSON, Neil Hedley | Director | 2014-09-16 | 2020-02-20 |
| ROSE, Peter | Director | 2020-02-20 | 2020-04-15 |
| SLATTERY, Declan Joseph | Director | 2018-10-15 | 2020-02-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hunting Energy Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-21 | Active |
| Mr Ian Donald | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-03-05 |
| Mr John Reid | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-03-05 |
Filing timeline
Last 20 of 130 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-16 MA Memorandum articles
- 2024-10-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-17 | CH01 | officers | Change person director company with change date | |
| 2024-10-16 | MA | incorporation | Memorandum articles | |
| 2024-10-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-17 | AA | accounts | Accounts with accounts type full | |
| 2023-10-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-06-24 | CH01 | officers | Change person director company with change date | |
| 2022-06-24 | CH01 | officers | Change person director company with change date | |
| 2022-06-24 | CH01 | officers | Change person director company with change date | |
| 2022-06-24 | CH03 | officers | Change person secretary company with change date | |
| 2022-06-24 | CH03 | officers | Change person secretary company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-20%
£7,532,126 £6,028,575
-
Cash
—
Not reported
-
Net assets
-12.1%
£9,724,892 £8,545,422
-
Employees
+25%
16 20
-
Operating profit
-1,313.5%
-£108,443 -£1,532,817
-
Profit before tax
-2,526.4%
-£56,490 -£1,483,657
-
Wages
+54.6%
£982,620 £1,518,678
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