OIL SPILL RESPONSE (CAPPING) LIMITED
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Cash
£18m
USD 24,269,000
+6.4% highest in 3 filed years
Net assets
£120k
USD 162,000
0% vs 2024
Employees
22
+10% highest in 3 filed years
Profit before tax
£54k
USD 73,000
-94.1% lowest in 3 filed years
Net assets
3-year trend · vs Industrials 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 | £42,274,991 | £41,050,167 | £26,240,803 | -36.1% | |
| Operating profit | £5,634,337 | £919,361 | -£1,010,033 | -209.9% | |
| Profit before tax | £3,462,653 | £926,793 | £54,255 | -94.1% | |
| Net profit | -£292,085 | £1,041,992 | -£596,804 | -157.3% | |
| Cash | £17,043,478 | £16,952,062 | £18,037,161 | +6.4% | |
| Total assets less current liabilities | £7,617,986 | £121,888 | £138,982 | +14% | |
| Net assets | £0 | £120,401 | £120,401 | 0% | |
| Equity | £0 | £120,401 | £120,401 | 0% | |
| Average employees | 19 | 20 | 22 | +10% | |
| Wages | £1,730,955 | £1,823,857 | £2,078,038 | +13.9% | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.743 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 | 13.3% | 2.2% | -3.8% | |
| Net margin | -0.7% | 2.5% | -2.3% | |
| Return on capital employed | 74.0% | 754.3% | -726.7% | |
| Gearing (liabilities / total assets) | — | 99.9% | 99.9% | |
| Current ratio | 0.74x | 0.63x | 0.63x | |
| Interest cover | 1.63x | 0.64x | -4.30x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 Group or Parent 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.”
Group structure
- OIL SPILL RESPONSE (CAPPING) LIMITED · parent
- OSRC (Norway) Limited 100%
- OSRC (South Africa) Limited 100%
- OSRC (Singapore) PTE Limited 100%
- Brasil Serviços de Contenção de Vazamento de Petróleo Ltda 100%
- Oil Spill Response (SWIS) Norway AS 100%
Significant events
- “All loans are now fully repaid, with the final repayment taking place during 2025.”
- “Overall year on year turnover fell from $55.2m to $35.3m due to the full repayment of the loans, reflecting a lower cost to Members, and the project costs which are now fully amortised, the underlying services provided to the Members remain unchanged and the income is reflective of the costs to deliver these services with any unearned income deferred to be offset with future Membership fees.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOWLING, Denis John | Secretary | 2025-06-24 | — | — |
| DE STEFANI, Vania, Dr | Director | 2023-02-09 | Apr 1975 | British |
| MORRISH, Richard John | Director | 2019-06-05 | Nov 1979 | British |
| MYERS, Andrew Roderick | Director | 2020-09-30 | Sep 1975 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLEMENTS, Matthew | Director | 2015-06-24 | 2020-09-30 |
| LIMB, Robert Martin | Director | 2013-03-13 | 2023-02-09 |
| PREST, Anthony Richard | Director | 2012-02-29 | 2019-06-05 |
| SMITH, Archibald Frederick | Director | 2012-02-29 | 2013-03-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Oil Spill Response Limited | Corporate entity | Shares 75–100% | 2018-08-10 | Active |
| Mr Matthew Clements | Individual | Significant influence | 2016-06-01 | Ceased 2017-06-01 |
| Mr Anthony Richard Prest | Individual | Significant influence | 2016-06-01 | Ceased 2017-06-01 |
| Mr Robert Martin Limb | Individual | Significant influence | 2016-06-01 | Ceased 2017-06-01 |
Filing timeline
Last 20 of 50 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-17 | AA | accounts | Accounts with accounts type group | |
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-21 | AA | accounts | Accounts with made up date | |
| 2025-06-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-27 | AA | accounts | Accounts with accounts type group | |
| 2024-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-11 | AA | accounts | Accounts with accounts type group | |
| 2023-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-17 | AA | accounts | Accounts with accounts type group | |
| 2022-07-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-21 | AA | accounts | Accounts with accounts type group | |
| 2021-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-13 | TM01 | officers | Termination director company with name termination date | |
| 2020-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2020-09-25 | AA | accounts | Accounts with accounts type group |
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.