GULF MARINE SERVICES PLC
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Cash
£21m
USD 27,755,000
-30.7% vs 2024
Net assets
£189m
USD 254,537,000
-17.4% lowest in 3 filed years
Employees
745
+2.5% highest in 3 filed years
Profit before tax
£27m
USD 35,756,000
-6.6% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary 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 | £112,674,099 | £124,484,578 | £139,812,709 | +12.3% | |
| Operating profit | £65,545,894 | £32,092,902 | £32,879,227 | +2.5% | |
| Profit before tax | £33,392,791 | £28,450,390 | £26,574,508 | -6.6% | |
| Net profit | £31,265,700 | — | £14,504,645 | — | |
| Cash | £7,778,521 | £29,748,792 | £20,628,019 | -30.7% | |
| Total assets less current liabilities | £422,778,149 | £433,013,006 | £434,844,296 | +0.4% | |
| Net assets | £245,470,829 | £228,974,359 | £189,176,514 | -17.4% | |
| Equity | £245,470,829 | £228,974,359 | £189,176,514 | -17.4% | |
| Average employees | 628 | 727 | 745 | +2.5% | |
| Wages | £22,720,922 | £24,578,967 | — | — | |
| Directors' remuneration | £764,028 | £1,215,162 | £1,318,469 | +8.5% |
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 | 58.2% | 25.8% | 23.5% | |
| Net margin | 27.7% | — | 10.4% | |
| Return on capital employed | 15.5% | 7.4% | 7.6% | |
| Gearing (liabilities / total assets) | 50.6% | 54.9% | 63.6% | |
| Current ratio | 0.48x | 0.83x | 0.64x | |
| Interest cover | 2.81x | 1.84x | 2.96x |
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 1 time since incorporation
- GULF MARINE SERVICES PLC 2014-02-07 → present
- GULF MARINE SERVICES LTD 2014-01-24 → 2014-02-07
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed the Group's financial position through to June 2027 and hold a reasonable expectation that the Group will continue in operational existence for the foreseeable future.”
Group structure
- GULF MARINE SERVICES PLC · parent
- GMS Marine Services W.L.L. - Qatar 100%
- GMS Marine Services W.L.L. - Qatar Branch 100%
- GMS Global Commercial Investment LLC 100%
- Gulf Marine Middle East FZE 100%
- Gulf Marine Services LLC 100%
- GMS Jersey Holdco 1 Limited 100%
- Offshore Holding Int SA
- Offshore Jack-up Int SA 100%
- Offshore Structure Int SA 100%
- Offshore Craft Int SA 100%
- Offshore Tugboat Int SA
- Offshore Boat Int SA 100%
- Offshore Kudu Int SA 100%
- GMS Endurance Int SA 100%
- GMS Enterprise Investment SA 100%
- GMS Sharqi Investment SA 100%
- GMS Scirocco Investment SA 100%
- GMS Kamal Int SA 100%
- GMS Katoba Int SA 100%
- GMS Pepper Int SA 100%
- GMS Evolution Int SA 100%
- GMS Phoenix Investment SA
- GMS V15 Investment S.A.
Significant events
- “Looking ahead, we will deploy an additional vessel to Europe in 2026 to strengthen our footprint in the renewables sector.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUNTER, Anthony George | Secretary | 2020-11-10 | — | — |
| AL ALAMI, Mansour | Director | 2020-11-10 | Jun 1953 | Canadian |
| AL MUBARAK, Haifa Ahmed Rashed | Director | 2023-10-11 | Feb 1956 | Emirati |
| EL KHOURY, Charbel Elias | Director | 2021-08-23 | Mar 1978 | Lebanese |
| KOSKELO, Jyrki | Director | 2021-02-05 | Mar 1952 | Finnish |
| ST JOHN, Anthony Tudor, Lord | Director | 2021-05-26 | May 1957 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, John Davies | Secretary | 2014-02-07 | 2019-05-28 |
| HUNTER, Anthony George | Secretary | 2019-05-28 | 2020-11-10 |
| AL SHAMSI, Rashed Saif Saeed Al Jarwan | Director | 2020-11-10 | 2023-08-03 |
| ANDERSON, Duncan Stewart | Director | 2014-01-24 | 2019-08-20 |
| ANDERSON, William Richard | Director | 2014-02-27 | 2019-04-29 |
| BATEY, Simon George | Director | 2014-02-27 | 2019-05-28 |
| BISSISSO, Mohammed | Director | 2019-03-01 | 2020-11-10 |
| BLEWDEN, David Michael | Director | 2020-06-30 | 2020-11-10 |
| BLEWDEN, David Michael | Director | 2019-06-01 | 2020-06-30 |
| DALLAS, Harold Richard | Director | 2014-02-27 | 2017-01-01 |
| FOLL, Christopher John | Director | 2014-02-27 | 2018-05-31 |
| GRANT, Shona Macfarlane, Dr | Director | 2018-10-22 | 2020-11-10 |
| HALBOUNY, Hesham Hamdy | Director | 2020-08-04 | 2020-10-07 |
| HEALE, Simon John Newton | Director | 2014-02-27 | 2019-03-26 |
| HEIKAL, Hassan Mohamed Hassanien | Director | 2020-11-25 | 2024-09-04 |
| HEIKAL, Hassan Mohamed Hassanien | Director | 2020-08-04 | 2020-10-07 |
| KERSLEY, Stephen Alexander | Director | 2019-06-09 | 2020-06-30 |
| KHOORY, Saeed Mir Abdulla | Director | 2020-11-10 | 2021-02-02 |
| ROBERTSON, Andrew John | Director | 2014-01-24 | 2014-02-27 |
| SOLH, Karim Mohamad Farouk, Dr | Director | 2014-02-27 | 2018-05-31 |
| STRAUGHEN, Michael | Director | 2014-02-27 | 2017-01-01 |
| SUMMERS, Timothy | Director | 2019-04-01 | 2020-11-10 |
| TURNER, Michael John | Director | 2020-06-30 | 2020-11-10 |
| TURNER, Michael John | Director | 2019-06-01 | 2020-06-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 142 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-06 RESOLUTIONS Resolution
- 2025-06-03 RESOLUTIONS Resolution
- 2024-06-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-06 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-05 | AA | accounts | Accounts with accounts type group | |
| 2026-04-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-04-22 | CH03 | officers | Change person secretary company with change date | |
| 2026-01-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-30 | SH01 | capital | Capital allotment shares | |
| 2025-06-04 | AA | accounts | Accounts with accounts type group | |
| 2025-06-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-04 | SH01 | capital | Capital allotment shares | |
| 2025-01-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-29 | CH01 | officers | Change person director company with change date | |
| 2025-01-29 | CH01 | officers | Change person director company with change date | |
| 2025-01-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-21 | AA | accounts | Accounts with accounts type group | |
| 2024-06-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-15 | SH01 | capital | Capital allotment shares | |
| 2024-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 2
- 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.