SEACON (EUROPE) LIMITED
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Cash
—
Latest balance sheet
Net assets
£30m
+19.5% highest in 3 filed years
Employees
71
-7.8% vs 2024
Profit before tax
£6.4m
-24% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £17,054,810 | £22,417,859 | £19,799,394 | -11.7% | |
| Operating profit | £4,389,859 | £7,526,983 | £5,371,179 | -28.6% | |
| Profit before tax | £4,838,528 | £8,371,360 | £6,361,526 | -24% | |
| Net profit | £4,797,095 | £6,267,558 | £4,776,344 | -23.8% | |
| Cash | £13,798,167 | £19,459,666 | — | — | |
| Total assets less current liabilities | — | £24,698,241 | £29,515,454 | +19.5% | |
| Net assets | £18,372,671 | £24,698,241 | £29,515,454 | +19.5% | |
| Equity | £18,372,671 | £24,698,241 | £29,515,454 | +19.5% | |
| Average employees | 70 | 77 | 71 | -7.8% | |
| Wages | £2,899,954 | £3,085,311 | £2,993,562 | -3% | |
| Directors' remuneration | £0 | £0 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 25.7% | 33.6% | 27.1% | |
| Net margin | 28.1% | 28.0% | 24.1% | |
| Return on capital employed | — | 30.5% | 18.2% | |
| Gearing (liabilities / total assets) | — | 14.4% | 22.8% | |
| Current ratio | 8.12x | 6.64x | 4.18x |
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.
Name history
Renamed 2 times since incorporation
- SEACON (EUROPE) LIMITED 1998-09-29 → present
- SEA CONNECTIONS SYSTEMS LIMITED 1987-03-05 → 1998-09-29
- RAPID 2669 LIMITED 1987-02-19 → 1987-03-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Rödl & Partner Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company meets its day-to-day working capital requirements from a cash-pooling arrangement with an associated company within the group headed by TE Connectivity Public Limited Company. ... After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “Crisis in Ukraine: This uncertainty facing the business is the impact of oil prices on the level of work available, due to customers delaying projects when market conditions change, such as the crisis in Ukraine. However, Management believe that post year end performance to date does not suggest any adverse impact from this.”
- “On 11th February 2026, Seacon Europe distributed a dividend of £13,000,000 to its sole shareholder TEC MOG Europe.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARKSDALE, Harold Gregory | Director | 2014-06-30 | Dec 1964 | American |
| COOPER, Stephen Christopher | Director | 2014-06-30 | Mar 1970 | British |
| DENNEY, Sam | Director | 2024-05-01 | Feb 1987 | British |
| MOLLOY, Alan Gerard | Director | 2025-09-01 | Jun 1968 | Irish |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FOREMAN, Neil Anthony | Secretary | 2001-01-24 | 2014-06-30 |
| PARKER, David Andrew | Secretary | — | 2001-01-24 |
| BROOKS, Casey | Director | 2020-05-11 | 2021-03-29 |
| BUGGY, Richard Mark | Director | 2017-08-25 | 2020-05-11 |
| FULFORD, Ashley Raymond | Director | 2021-03-29 | 2024-01-31 |
| HALL, Kevin | Director | 2000-04-01 | 2014-06-30 |
| KNIGHT, Christopher | Director | — | 2000-03-31 |
| LARDY, James | Director | — | 2004-03-18 |
| NEWELL, Craig Anthony | Director | 2014-10-30 | 2017-05-01 |
| PARKER, David Andrew | Director | — | 2014-06-30 |
| SEILHAN, Denton | Director | — | 2014-06-30 |
| SIMAR, Patrick | Director | — | 2014-06-30 |
| SITES, Donald Wayne | Director | 2014-06-30 | 2017-08-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Te Connectivity Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-09-30 | Active |
| Te Connectivity Ltd. | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2024-09-30 |
Filing timeline
Last 20 of 151 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-10 | AA | accounts | Accounts with accounts type full | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2024-10-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-04 | AA | accounts | Accounts with accounts type full | |
| 2024-05-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-30 | AA | accounts | Accounts with accounts type full | |
| 2022-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-04 | AA | accounts | Accounts with accounts type full | |
| 2021-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-30 | AA | accounts | Accounts with accounts type full | |
| 2021-04-06 | AP01 | officers | Appoint person director company with name date | |
| 2021-04-06 | TM01 | officers | Termination director company with name termination date | |
| 2020-09-04 | AA | accounts | Accounts with accounts type full | |
| 2020-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.