ALTUS INTERVENTION HOLDING LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

1. ALTUS INTERVENTION HOLDING LIMITED 2016-08-10 → present
2. QINTERRA LIMITED 2014-04-24 → 2016-08-10
3. WIS QSERV HOLDING LTD 2014-01-22 → 2014-04-24
4. OZ UK BIDCO LTD 2013-11-18 → 2014-01-22

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company is an intermediate holding company and has a limited working capital requirement. The principal financial obligations relate to the servicing of intra group balances. At 31 December 2023 the company has net current liabilities of £30.4 million (2022 - £30.2 million), including £30.6 million (2022 - £29.4 million) due to fellow group undertakings. The company is owned by Altus Intervention AS, a company registered in Norway. Prior to 3 April 2023, the company's ultimate parent company was Altus Intervention Holding AS, a company incorporated in Norway. Subsequent to 3 April 2023, the company's ultimate parent company is Baker Hughes Company, a company incorporated in Delaware. Baker Hughes Company is considered to be the ultimate controlling party. The company has access to the Altus Intervention group funding arrangements and participates in the Altus Intervention group's centralised treasury arrangements. The directors have received written confirmation from Baker Hughes Holding LLC, an intermediate parent company, that confirms that Baker Hughes Holding LLC will provide financial support as required for a period of at least 12 months of the date of approval of these financial statements. The directors have no reason to doubt the ability of the group to continue as a going concern and its ability to operate within available banking arrangements. The directors, having considered the foregoing, are confident that the company has adequate resources to continue to trade as a going concern for at least 12 months from approval of the accounts. Accordingly, the financial statements continue to be prepared under the going concern basis. The directors have considered the financial position and performance of the Baker Hughes group as a whole and have liaised with the directors of the wider Baker Hughes group in coming to this decision.”

Group structure

1. ALTUS INTERVENTION HOLDING LIMITED · parent
   1. Altus Intervention Limited 100% · Scotland · oilfield related support services
   2. Altus Intervention (EG) SARL 65% · Equatorial Guinea · provision of oilfield related services in Equatorial Guinea. It has yet to start trading.

Significant events

• “On 14 December 2022, the subsidiary, Altus Intervention Limited, declared and paid a dividend of £29,205,702 to the company.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -0.7%

  £37,030,000 → £36,771,000

• Employees

  —

  Not reported

• Profit before tax

  -1,101.8%

  -£57,000 → -£685,000

• Wages

  +32%

  £641,000 → £846,000

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