ODFJELL WELL SERVICES (UK) LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-18 (in 10mo)
Last made up 2026-03-04
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£714K
-2.3% vs 2023
Employees
51
+6.3% vs 2023
Profit before tax
-£12K
-103.4% 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 | £14,898,992 | £15,415,178 | |
| Operating profit | £409,735 | £33,047 | |
| Profit before tax | £363,068 | -£12,293 | |
| Net profit | £360,640 | -£15,973 | |
| Cash | — | — | |
| Total assets less current liabilities | -£697,776 | -£713,749 | |
| Net assets | -£697,776 | -£713,749 | |
| Equity | -£697,776 | -£713,749 | |
| Average employees | 48 | 51 | |
| Wages | £2,924,240 | £3,401,428 |
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 | 2.8% | 0.2% | |
| Net margin | 2.4% | -0.1% | |
| Return on capital employed | -58.7% | -4.6% | |
| Current ratio | 0.79x | 0.76x | |
| Interest cover | 3.24x | 0.18x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Taking all factors into consideration, the directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the parent company, Odfjell Technology Invest Ltd. The directors have received a letter confirming that Odfjell Technology Invest Ltd intends to support the company for at least one year after these financial statements are signed by not seeking repayment of amounts advanced and providing ongoing support and advancing further amounts if required.”
Group structure
- ODFJELL WELL SERVICES (UK) LTD · parent
- Odfjell Well Services (Namibia) (Pty) Ltd 100%
- Odfjell Well Services USA Holding LLC 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BASSON, Gillian Alina | Secretary | 2021-03-25 | — | — |
| HARAM, Elisabeth Cecilie | Director | 2022-08-31 | Jul 1978 | Norwegian |
| LIEUNGH, Simen | Director | 2015-03-20 | Mar 1960 | Norwegian |
| SUTHERLAND, Stuart, Mr. | Director | 2024-02-16 | Jan 1977 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WEBSTER, Patricia Lynne | Secretary | 2019-12-11 | 2021-03-19 |
| BURNS, Michael Gerard | Director | 2020-06-29 | 2024-02-16 |
| JOHNSEN, Tommy | Director | 2016-11-14 | 2017-12-14 |
| LUND, Per | Director | 2015-03-20 | 2016-11-14 |
| MACKAY, Donald Murdo | Director | 2015-03-20 | 2020-02-14 |
| TAGGART, George Andrew | Director | 2017-12-14 | 2022-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Odfjell Technology Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-03-20 | Active |
Filing timeline
Last 20 of 41 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-05 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-25 | AA | accounts | Accounts with accounts type full | |
| 2023-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-06 | AA | accounts | Accounts with accounts type full | |
| 2022-04-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-04-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-04-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-07-06 | AA | accounts | Accounts with accounts type full | |
| 2021-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-03-30 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+3.5%
£14,898,992 £15,415,178
-
Cash
—
Not reported
-
Net assets
-2.3%
-£697,776 -£713,749
-
Employees
+6.3%
48 51
-
Operating profit
-91.9%
£409,735 £33,047
-
Profit before tax
-103.4%
£363,068 -£12,293
-
Wages
+16.3%
£2,924,240 £3,401,428
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