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Cash

£8.9m

-31.2% vs 2024

Net assets

£394m

-5.7% lowest in 3 filed years

Employees

0

Average over period

Profit before tax

£109m

-5% vs 2024

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £204,110,000£206,032,000£205,527,000 -0.2%
Operating profit £127,201,000£121,592,000 -4.4%
Profit before tax £114,777,000£109,019,000 -5%
Net profit £86,410,000£82,190,000 -4.9%
Cash £12,933,000£8,900,000 -31.2%
Total assets less current liabilities £772,588,000£712,059,000£714,398,000 +0.3%
Net assets £461,917,000£417,827,000£394,017,000 -5.7%
Equity £461,917,000£417,827,000£394,017,000 -5.7%
Average employees 00
Wages
Directors' remuneration

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 2023-12-312024-12-312025-12-31
Operating margin 61.7%59.2%
Net margin 41.9%40.0%
Return on capital employed 17.9%17.0%
Gearing (liabilities / total assets) 42.0%43.4%47.4%
Current ratio 3.36x2.98x
Interest cover 9.85x9.39x

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
IFRS
Reporting scope
Standalone (parent only)
Auditor
Grant Thornton UK LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

9 active · 55 resigned

Name Role Appointed Born Nationality
NOGUEIRA, Itweva Secretary 2024-05-01
BRADLEY, Bailey Jacob Director 2024-01-01 Jun 1977 British
DUFFY, Jonathan Brazier Director 2022-11-18 May 1977 Irish
FRADLEY, Robert John Director 2018-01-22 Oct 1973 British
KRAEMER, Roger Director 2020-05-26 Jun 1968 German
OPAKER, Anders Director 2020-05-12 Jul 1977 Norwegian
READ, Melissa Director 2024-01-01 Aug 1976 British
SHARWOOD, Christopher Neil Director 2025-12-16 Dec 1993 Irish
ULLA, Trine Ingebjørg Director 2020-02-04 Feb 1961 Norwegian
Show 55 resigned officers
Name Role Appointed Resigned
BALBUCKAITE, Lina Secretary 2019-02-01 2020-01-23
BERGE, Bjorn Harald Secretary 2017-12-07 2019-02-01
BREUKERS, Gerd-Jan Bernard Secretary 2004-07-15 2005-06-27
FERGUSSON, Peter Secretary 2005-09-01 2007-10-01
FORSYTH, Duncan Ryder Douglas Secretary 2013-02-14 2014-06-25
FRENCH, Billy Anthony Secretary 2004-11-15 2005-06-27
FRENCH, Billy Anthony Secretary 2004-05-05 2004-07-15
FULTON, Paul Secretary 2009-06-25 2010-09-01
HARDY, Timothy James Secretary 2017-03-30 2017-12-07
IHENACHO, Carine Smith Secretary 2010-09-01 2012-01-01
OS, Adele Secretary 2012-01-01 2013-02-14
RUMBLE, David John Secretary 2014-06-25 2017-03-30
SAUL, Anthony Joseph Secretary 2007-10-01 2009-06-18
WONG, Joyce Mei Fong Secretary 2005-06-27 2005-09-01
MITRE SECRETARIES LIMITED Corporate Secretary 2020-07-29 2024-04-30
SWIFT INCORPORATIONS LIMITED Corporate Nominee Secretary 2004-05-05 2004-05-05
AANSTAD, Knut Moritz Director 2007-05-30 2011-01-27
ALFSTAD, Haakon Johan Director 2009-03-31 2010-09-01
BERGEMO, Bjorn Ivar Director 2010-09-01 2013-02-14
BERKHOUT, Dirk Director 2004-07-15 2007-01-30
BRUSTAD, Halfdan Director 2011-01-27 2012-10-25
CROSSLEY, Hugh Barnabas Director 2018-01-22 2020-05-26
D'ALONZO, Fabio Director 2017-12-22 2018-01-22
DRANGSHOLT, Bjorn Director 2009-03-31 2017-12-22
EDWARDS, David Anthony Director 2004-05-05 2007-04-19
EIDE, Pal Otto Director 2005-06-27 2007-05-30
FLOOD, David John Director 2017-03-31 2017-12-22
FOSSGARD-MOSER, Ingrid Katherine Director 2016-01-21 2017-11-24
GJERDE, Tarald Director 2013-02-14 2016-01-21
HAJIYEVA, Kamala Director 2019-02-01 2024-01-01
HATLESTAD, Helge Leiv Director 2008-12-04 2010-09-01
HELLAND, Synnove Director 2011-01-27 2012-05-28
HETLAND, Olav Director 2010-09-01 2017-03-30
HEXEBERG, Ivar Director 2006-01-31 2007-05-30
HONGSETH, Unni Karlsen Director 2015-10-16 2017-03-31
IRWIN, Adam Charles Peel Director 2017-12-22 2018-01-22
KINDEM, Siri Espedal Director 2012-10-25 2014-12-10
LEIVESTAD, Olav Director 2019-02-01 2020-05-12
LYCKE, Anne Strommen Director 2007-05-30 2011-01-27
LYON, Tony Director 2022-11-18 2025-09-01
MEYER, Michael Hyttel Director 2017-03-30 2017-12-22
MYKING, Beate Director 2017-11-24 2019-02-01
ORDERUD, Emil Director 2017-11-24 2019-02-01
OVERAS, Knut Director 2005-06-27 2006-01-31
RIIS, Mona Director 2017-11-24 2020-02-04
ROOS, Jacob Avie Director 2007-04-19 2008-09-30
SAAVEDRA, Pablo Rodriguez Del Palacio Director 2018-04-13 2025-12-09
SLATER, Nigel Gordon Director 2014-11-25 2015-04-20
SMITH, Karl Ben Director 2015-04-20 2022-11-18
TORBLAA, Eivind Jakob Director 2009-03-31 2015-10-16
TROLLNES, Sverre, Mr. Director 2012-05-28 2017-11-24
ULENS, Alexis Eduardo Director 2015-04-20 2022-11-18
ULLA, Trine Ingebjørg Director 2014-12-10 2017-11-24
VAN DER HEM, Albert Bruno Director 2007-01-30 2008-09-30
WAKEFIELD, Nathan John Director 2017-12-22 2018-04-13

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Equitix Offshore 5 Limited Corporate entity Shares 25–50% 2017-12-22 Active
Equinor New Energy Limited Corporate entity Shares 25–50% 2016-12-06 Active
Statkraft Uk Limited Corporate entity Shares 25–50%, Voting 25–50% 2016-04-06 Ceased 2017-12-22
Uk Green Investment Sheringham Shoal Limited Corporate entity Significant influence 2016-04-06 Active

Filing timeline

Last 20 of 242 total filings

Date Type Category Description
2026-07-13 AA accounts Accounts with accounts type full
2026-05-07 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-02-02 AP01 officers Appoint person director company with name date PDF
2026-02-02 TM01 officers Termination director company with name termination date PDF
2025-09-09 CH01 officers Change person director company with change date PDF
2025-09-08 TM01 officers Termination director company with name termination date PDF
2025-08-18 AA accounts Accounts with accounts type full
2025-04-24 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-07-09 AA accounts Accounts with accounts type full
2024-05-13 AP03 officers Appoint person secretary company with name date PDF
2024-05-13 TM02 officers Termination secretary company with name termination date PDF
2024-04-23 CS01 confirmation-statement Confirmation statement with updates PDF
2024-04-23 CH01 officers Change person director company with change date PDF
2024-04-23 CH01 officers Change person director company with change date PDF
2024-04-23 CH01 officers Change person director company with change date PDF
2024-04-23 CH01 officers Change person director company with change date PDF
2024-04-23 CH01 officers Change person director company with change date PDF
2024-04-23 CH01 officers Change person director company with change date PDF
2024-04-23 PSC05 persons-with-significant-control Change to a person with significant control PDF
2024-04-23 PSC05 persons-with-significant-control Change to a person with significant control PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
7

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page