SEADRILL MANAGEMENT LTD.
The company operates as a UK management subsidiary for the NYSE-listed Seadrill group, a global offshore drilling contractor providing rig operations and support services to the oil and gas industry.
Get an alert when SEADRILL MANAGEMENT LTD. files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£26m
USD 34,855,044
-2% lowest in 3 filed years
Employees
95
-25.2% lowest in 3 filed years
Profit before tax
£1.5m
USD 1,976,985
+89.1% vs 2024
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 | £130,574,138 | £58,178,206 | £32,734,050 | -43.7% | |
| Operating profit | £4,085,963 | -£217,214 | £1,268,933 | +684.2% | |
| Profit before tax | £4,496,246 | £775,665 | £1,467,150 | +89.1% | |
| Net profit | £4,074,206 | -£966,239 | £1,244,182 | +228.8% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £26,978,735 | £26,447,216 | £25,866,452 | -2.2% | |
| Net assets | £26,978,735 | £26,407,600 | £25,866,452 | -2% | |
| Equity | £26,978,735 | £26,407,600 | £25,866,452 | -2% | |
| Average employees | 171 | 127 | 95 | -25.2% | |
| Wages | £28,456,324 | £12,269,032 | £5,781,085 | -52.9% | |
| Directors' remuneration | £3,248,587 | £671,282 | £176,081 | -73.8% | |
| Directors' pension contributions | £24,249 | £20,616 | £5,642 | -72.6% | |
| Highest paid director | £1,295,162 | £182,922 | £170,555 | -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 | 3.1% | -0.4% | 3.9% | |
| Net margin | 3.1% | -1.7% | 3.8% | |
| Return on capital employed | 15.1% | -0.8% | 4.9% | |
| Gearing (liabilities / total assets) | 55.5% | 53.3% | 58.6% | |
| Current ratio | 1.65x | 1.78x | 1.42x | |
| Interest cover | 4.84x | -0.61x | 3.01x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given the above and the net current asset position shown on the Company’s own Statement of financial position, the financial statements have been prepared under the assumption that operations will continue.”
Significant events
- “In September 2023, Seadrill Limited announced a proposal to consolidate its corporate offices in Houston and close the London office and, on 19 October 2023, decided to proceed with this relocation. The office closed on 31 March 2024 to all employees.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CROMBIE, William John | Director | 2025-03-31 | May 1976 | British |
| GILBERTSON, James Michael Brandon | Director | 2025-08-04 | Aug 1979 | British |
| HENDERSON, Joanne Claire | Director | 2026-09-30 | May 1977 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CREED, Grant Russel | Director | 2022-08-05 | 2024-02-14 |
| DIBOWITZ, Anton | Director | 2018-12-10 | 2020-10-01 |
| GILLIVER, Neil Derek | Director | 2018-12-10 | 2022-03-09 |
| HALVORSEN, Fredrik | Director | 2012-11-01 | 2013-07-19 |
| HINGLEY WILSON, Robert | Director | 2012-11-01 | 2014-09-03 |
| HOANG, Thomas Tung | Director | 2025-03-31 | 2025-08-04 |
| JACKSON, Stuart Robert | Director | 2020-07-30 | 2022-03-25 |
| LINDLEY, Philip Richard | Director | 2024-02-06 | 2025-03-31 |
| LUNDETRAE, Rune Magnus | Director | 2012-11-01 | 2015-06-30 |
| MCNAMARA, Paula Antoinette | Director | 2024-02-06 | 2024-12-04 |
| MORRIS, Mark Nicholas | Director | 2015-09-22 | 2019-06-28 |
| NELSON, Leif | Director | 2022-03-25 | 2024-02-11 |
| REDDING, Sandra Faye | Director | 2020-07-30 | 2022-08-02 |
| SAUER-PETERSEN, Torsten | Director | 2022-08-05 | 2024-02-06 |
| SNEDDON, David Scott | Director | 2014-09-03 | 2018-08-31 |
| SOUSA, Georgina Elizabeth | Director | 2012-11-01 | 2018-12-07 |
| THORNTON, Tracy | Director | 2025-03-31 | 2026-09-30 |
| WHITE, Philip Charles Anthony | Director | 2024-02-06 | 2024-04-24 |
| WULLF, Per | Director | 2012-11-01 | 2018-12-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Seadrill Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-04-28 | Active |
| Seadrill Limited | Corporate entity | Shares 75–100% | 2019-03-26 | Ceased 2022-02-22 |
| Seadrill Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-07-02 | Ceased 2018-11-02 |
| Seadrill Rig Holding Company Ltd | Corporate entity | Shares 75–100% | 2018-05-17 | Ceased 2019-03-26 |
| Seadrill Rig Holding Company Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-05-17 | Ceased 2018-07-02 |
| Seadrill Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-05-17 |
Filing timeline
Last 20 of 97 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-12 | AA | accounts | Accounts with accounts type full | |
| 2026-09-30 | CH01 | officers | Change person director company with change date | |
| 2026-09-30 | CH01 | officers | Change person director company with change date | |
| 2026-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-04-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.