ALTERA PRODUCTION UK LIMITED
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Cash
£2.6m
USD 3,444,000
+777.4% highest in 3 filed years
Net assets
£5.6m
USD 7,521,000
-9.9% lowest in 3 filed years
Employees
91
+42.2% highest in 3 filed years
Profit before tax
-£230k
USD -310,000
+6.5% highest 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 | £9,113,586 | £8,802,133 | £5,098,330 | -42.1% | |
| Operating profit | -£617,352 | -£319,166 | -£256,030 | +19.8% | |
| Profit before tax | -£615,783 | -£245,941 | -£230,056 | +6.5% | |
| Net profit | -£566,363 | — | -£192,950 | — | |
| Cash | £767,964 | £291,309 | £2,555,844 | +777.4% | |
| Total assets less current liabilities | £6,346,094 | £6,201,847 | £5,581,447 | -10% | |
| Net assets | £6,346,094 | £6,193,091 | £5,581,447 | -9.9% | |
| Equity | £6,346,094 | £6,193,091 | £5,581,447 | -9.9% | |
| Average employees | 55 | 64 | 91 | +42.2% | |
| Wages | £1,366,489 | £1,223,337 | £854,174 | -30.2% | |
| Directors' remuneration | £588,328 | £461,636 | £497,959 | +7.9% | |
| Directors' pension contributions | £13,335 | £10,347 | £43,785 | +323.2% | |
| Highest paid director | £235,331 | £318,370 | £296,846 | -6.8% |
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 | -6.8% | -3.6% | -5.0% | |
| Net margin | -6.2% | — | -3.8% | |
| Return on capital employed | -9.7% | -5.1% | -4.6% | |
| Gearing (liabilities / total assets) | 40.3% | 40.0% | 37.4% | |
| Current ratio | 2.48x | 2.50x | 2.67x |
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
- ALTERA PRODUCTION UK LIMITED 2020-06-08 → present
- TEEKAY PETROJARL UK LIMITED 2013-02-13 → 2020-06-08
- GOLAR-NOR OFFSHORE (UK) LIMITED 1995-12-22 → 2013-02-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.”
Significant events
- “In July 2025, the external bareboat contract for the Suksaman Salamander FSO, with client Medco Energi Thailand (Bualuang) Limited, was novated to Clipper LLC and the internal bareboat contract between Clipper LLC and the Company was cancelled.”
- “On 20 July 2026, following the completion of the sale of Altera Infrastructure's FPSO business, Brookfield Corporation ceased to be the Company's ultimate parent undertaking. As of the date of approval of these financial statements, the ultimate parent undertaking of the Company was Sif Topco Limited, a company controlled by Carlyle.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISTRA COMPANY SECRETARIES LIMITED | Corporate Secretary | 2007-03-22 | — | — |
| CANNON, David, Mr. | Director | 2021-06-17 | Mar 1963 | British |
| COX, Stephen Robert | Director | 2026-08-20 | Jun 1977 | British |
| DUTHIE, William James | Director | 2020-04-28 | Apr 1988 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NEVILE, Hugh Simon | Secretary | 2002-08-15 | 2005-11-02 |
| WAGNER, Simon David, Mr. | Secretary | 2005-11-02 | 2007-03-22 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1995-12-22 | 1995-12-22 |
| WFW LEGAL SERVICES LIMITED | Corporate Secretary | 1995-12-22 | 2002-08-15 |
| ALSAKER, Edgar | Director | 2003-08-07 | 2004-05-04 |
| ALSAKER, Edgar | Director | 1998-10-01 | 2003-02-14 |
| ALSAKER, Edgar | Director | 1995-12-22 | 1996-10-15 |
| ARNESEN, Torger | Director | 2007-11-01 | 2013-10-30 |
| BEKVIK, Einar Kristian | Director | 1996-09-23 | 1998-10-01 |
| BRAATALIEN, Asle Berg | Director | 2005-11-15 | 2007-11-01 |
| BRETT, Christopher | Director | 2015-11-12 | 2018-11-13 |
| BYE-ANDERSEN, Tor Olav | Director | 2007-11-01 | 2018-11-13 |
| DELDAY, William James | Director | 2018-11-13 | 2023-03-17 |
| GISVOLD, Kaare Moursund | Director | 1995-12-22 | 1996-09-30 |
| GRONNEGAARD, Flemming | Director | 2013-10-30 | 2014-01-02 |
| HELLAND, Stig Morten | Director | 2016-03-07 | 2021-06-17 |
| KJORSVIK, Harry | Director | 2003-08-07 | 2005-12-15 |
| KJORSVIK, Harry | Director | 1998-10-01 | 2003-02-14 |
| LAW, Dennis | Director | 2014-07-16 | 2016-03-07 |
| LAW, Dennis | Director | 2003-08-07 | 2007-11-01 |
| LAW, Dennis | Director | 1996-09-30 | 2003-02-14 |
| LIVERSEDGE, Anne Elizabeth | Director | 2018-11-13 | 2020-04-28 |
| LYTZEN, Peter | Director | 2007-11-01 | 2015-11-12 |
| OVERSJOEN, Knut | Director | 2003-02-14 | 2003-10-14 |
| RENNEMO, Svein | Director | 2003-02-14 | 2003-10-14 |
| RUUD, Terje | Director | 2005-04-19 | 2007-11-01 |
| STEEN NILSEN, Christin | Director | 2003-02-14 | 2003-10-14 |
| STOKKE, Reidar | Director | 2004-05-04 | 2005-04-19 |
| SUND, Endre Ording | Director | 1996-10-19 | 1998-10-01 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1995-12-22 | 1995-12-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Altera Infrastructure Fpso Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-01-06 | Active |
| Brookfield Asset Management Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-07-03 | Ceased 2023-01-06 |
| Teekay Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-07-03 |
Filing timeline
Last 20 of 192 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-14 | AA | accounts | Accounts with accounts type full | |
| 2026-08-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-10 | CH04 | officers | Change corporate secretary company with change date | |
| 2026-03-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-04 | AA | accounts | Accounts with accounts type full | |
| 2025-07-29 | CH01 | officers | Change person director company with change date | |
| 2025-03-06 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-15 | AD02 | address | Change sail address company with old address new address | |
| 2024-06-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-15 | AA | accounts | Accounts with accounts type full | |
| 2023-07-20 | AD04 | address | Move registers to registered office company with new address | |
| 2023-03-21 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.