PROSAFE OFFSHORE LIMITED
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Cash
£12M
-9.2% vs 2024
Net assets
£5.5M
USD 7,364,000
-56.1% lowest in 4 filed years
Employees
22
-8.3% lowest in 4 filed years
Profit before tax
£1.5M
-10.8% vs 2024
Net assets
4-year trend · vs Energy median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | £8,856,000 | £6,381,943 | £6,726,306 | +5.4% | |
| Operating profit | — | £1,419,000 | £1,320,557 | £1,172,331 | -11.2% | |
| Profit before tax | £1,904,000 | £1,399,000 | £1,736,000 | £1,548,000 | -10.8% | |
| Net profit | — | £1,399,000 | — | — | — | |
| Cash | £4,801,000 | £7,576,000 | £13,391,000 | £12,157,000 | -9.2% | |
| Total assets less current liabilities | — | £12,313,000 | £12,728,702 | £5,603,384 | -56% | |
| Net assets | — | £12,026,000 | £12,552,777 | £5,512,801 | -56.1% | |
| Equity | £10,627,000 | £15,297,000 | £16,768,000 | £7,364,000 | -56.1% | |
| Average employees | 26 | 27 | 24 | 22 | -8.3% | |
| Wages | £3,204,000 | £3,714,000 | £3,470,000 | £3,987,000 | +14.9% | |
| Directors' remuneration | — | £0 | £0 | — | — |
Figures converted to GBP from USD at 0.749 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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | 16.0% | 20.7% | 17.4% | |
| Net margin | — | 15.8% | — | — | |
| Return on capital employed | — | 11.5% | 10.4% | 20.9% | |
| Current ratio | — | 7.59x | 7.34x | 1.56x | |
| Interest cover | — | 70.95x | 47.16x | 65.13x |
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
- PROSAFE OFFSHORE LIMITED 2001-05-25 → present
- SAFE SERVICE LIMITED 1997-04-08 → 2001-05-25
- NEARSUN LIMITED 1997-02-19 → 1997-04-08
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the above factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LC SECRETARIES LIMITED | Corporate Secretary | 2010-03-15 | — | — |
| MCNEEL, Reese Worth | Director | 2022-08-16 | Mar 1977 | American |
| STEWART, Ryan | Director | 2020-07-01 | Nov 1973 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FERGUSSON, Peter | Secretary | 1997-05-02 | 1998-04-22 |
| FIELD, Elizabeth | Secretary | 1997-03-12 | 1997-04-14 |
| LAIRD, Robin Thomas Dunlop | Secretary | 1997-04-14 | 1997-05-02 |
| NOROSE LIMITED | Corporate Secretary | 1998-04-22 | 2010-03-05 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1997-02-19 | 1997-03-12 |
| ARNESEN, Trygve | Director | 2001-10-29 | 2005-03-31 |
| AUSTREID, Arne | Director | 1999-05-24 | 2010-09-30 |
| BERGE, Jens | Director | 2017-11-24 | 2019-03-14 |
| CHRISTIANSEN, Stig Harry | Director | 2019-03-14 | 2022-04-27 |
| ERICSSON, Jan Christer, Captain | Director | 1997-03-12 | 1997-04-08 |
| FJELDE, Eirik | Director | 2022-04-27 | 2022-08-16 |
| HANSSON, Balder | Director | 1997-04-08 | 1998-03-31 |
| HENRIKSEN, Bjorn | Director | 2000-01-27 | 2001-10-29 |
| LAIRD, Robin Thomas Dunlop | Director | 1997-04-08 | 2020-07-01 |
| LOW, Khim Mong | Director | 2010-09-30 | 2014-05-07 |
| LUND, Reidar | Director | 1997-12-08 | 1999-05-24 |
| MCMILLAN, David | Director | 1997-04-08 | 1999-03-31 |
| MCMILLAN, James | Director | 1998-04-17 | 1999-03-31 |
| SCHULZ, Manfred Wilhelm | Director | 1997-04-08 | 2001-08-31 |
| VON MENTZER, Carl Mikael | Director | 1997-03-12 | 1997-12-08 |
| YOUNG, Ian | Director | 2014-05-07 | 2017-11-24 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1997-02-19 | 1997-03-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Prosafe Se | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-05-05 | Active |
| Prosafe (Uk) Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-05-05 |
Filing timeline
Last 20 of 148 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-05 | AA | accounts | Accounts with accounts type full | |
| 2026-03-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-08 | CH01 | officers | Change person director company with change date | |
| 2026-01-08 | CH01 | officers | Change person director company with change date | |
| 2025-08-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-09 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-22 | AA | accounts | Accounts with accounts type full | |
| 2023-02-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-16 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-16 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-26 | AA | accounts | Accounts with accounts type full | |
| 2022-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-05-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-04-28 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.