PGS EXPLORATION (UK) LIMITED
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Cash
£327k
USD 440,000
+32.8% vs 2024
Net assets
£111m
USD 149,776,000
-2.7% vs 2024
Employees
105
-19.8% lowest in 3 filed years
Profit before tax
£5.8m
USD 7,777,000
-76.4% lowest in 3 filed years
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £121,060,559 | £138,586,437 | £48,541,002 | -65% | |
| Operating profit | £11,251,961 | £19,928,367 | £2,169,202 | -89.1% | |
| Profit before tax | £14,871,352 | £24,434,893 | £5,771,429 | -76.4% | |
| Net profit | £18,780,201 | £16,729,545 | £4,638,961 | -72.3% | |
| Cash | £36,553,185 | £245,941 | £326,531 | +32.8% | |
| Total assets less current liabilities | £101,713,210 | £120,397,962 | £116,820,037 | -3% | |
| Net assets | £96,098,211 | £114,235,116 | £111,151,020 | -2.7% | |
| Equity | £96,098,211 | £114,235,116 | £111,151,020 | -2.7% | |
| Average employees | 129 | 131 | 105 | -19.8% | |
| Wages | £12,176,812 | £13,509,233 | £10,518,738 | -22.1% | |
| Directors' remuneration | — | — | — | — | |
| Directors' pension contributions | — | — | £16,237,477 | — | |
| Highest paid director | — | — | £222,583,302 | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 9.3% | 14.4% | 4.5% | |
| Net margin | 15.5% | 12.1% | 9.6% | |
| Return on capital employed | 11.1% | 16.6% | 1.9% | |
| Gearing (liabilities / total assets) | 40.1% | 29.9% | 39.2% | |
| Current ratio | 2.27x | 3.33x | 2.05x | |
| Interest cover | 18.46x | 30.83x | 3.57x |
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 1 time since incorporation
- PGS EXPLORATION (UK) LIMITED 1994-03-23 → present
- 3002ND SINGLE MEMBER SHELF TRADING COMPANY LIMITED 1994-03-03 → 1994-03-23
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, which the Directors consider appropriate.”
Group structure
- PGS EXPLORATION (UK) LIMITED · parent
- PGS Data Processing Middle East SAE 1.25%
Significant events
- “On 1 July 2024, PGS ASA merged with TGS ASA.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASHBY, William James Charles | Director | 2025-03-12 | Dec 1975 | British |
| TAYLOR, Emma Louise | Director | 2025-03-12 | Jun 1974 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAINES, Michael Alan | Secretary | 2007-12-19 | 2008-08-15 |
| NEVILE, Hugh Simon | Secretary | 1994-03-15 | 2005-11-02 |
| PINTO, Maria Candida Ferreira | Secretary | 2008-08-15 | 2013-09-13 |
| RICHARDS, Carl | Secretary | 2013-09-13 | 2018-05-25 |
| WAGNER, Simon David, Mr. | Secretary | 2005-11-02 | 2007-12-19 |
| SISEC LIMITED | Corporate Nominee Secretary | 1994-03-03 | 1994-03-15 |
| ASHBY, William | Director | 2025-03-12 | 2025-09-11 |
| BORRE LARSEN, Sven, Mr. | Director | 2024-08-27 | 2025-03-12 |
| BRYN, Merethe | Director | 2023-06-30 | 2025-03-12 |
| HOKHOLT, Erik | Director | 1994-03-15 | 2001-11-30 |
| LANGSETH, Gottfred, Mr. | Director | 2004-03-23 | 2024-08-27 |
| MACKEWN, Anthony Ross | Director | 1998-01-02 | 2003-02-14 |
| OVERSJOEN, Knut | Director | 2003-02-14 | 2004-03-23 |
| PEDERSEN, Olav Rune | Director | 2017-09-01 | 2024-08-27 |
| QUINN, Laurence Anthony | Director | 1999-06-01 | 2001-03-20 |
| REINHARDSEN, Jon Erik | Director | 2008-04-01 | 2017-08-31 |
| RENNEMO, Svein | Director | 2003-02-14 | 2008-04-01 |
| SCOTT, Michael | Director | 1994-03-15 | 2001-03-20 |
| SOIA, Amund | Director | 2024-08-27 | 2025-03-12 |
| STEEN NILSEN, Christin | Director | 2003-02-14 | 2023-06-30 |
| WALKER, Christopher David Terence | Director | 1994-03-15 | 2002-12-23 |
| LOVITING LIMITED | Corporate Nominee Director | 1994-03-03 | 1994-03-15 |
| SERJEANTS'INN NOMINEES LIMITED | Corporate Director | 1994-03-03 | 1994-03-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Petroleum Geo-Services (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-07-20 | Active |
Filing timeline
Last 20 of 169 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-07 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-06 | AA | accounts | Accounts with accounts type full | |
| 2026-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-18 | AA | accounts | Accounts with accounts type full | |
| 2025-09-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-07 | MA | incorporation | Memorandum articles | |
| 2024-12-16 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-18 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.