EXCELLENCE LOGGING HOLDING LIMITED
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Cash
£8.1m
USD 10,877,000
-26.4% vs 2024
Net assets
£11m
USD 14,345,000
+78.1% vs 2024
Employees
1,671
-1.8% vs 2024
Profit before tax
£3.2m
USD 4,319,000
+71.5% highest 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 | £110,495,726 | £151,672,984 | £143,614,270 | -5.3% | |
| Operating profit | £9,780,007 | £17,144,556 | £14,773,690 | -13.8% | |
| Profit before tax | -£766,258 | £1,872,166 | £3,209,959 | +71.5% | |
| Net profit | -£3,769,602 | -£350,056 | -£553,698 | -58.2% | |
| Cash | £7,286,511 | £10,989,223 | £8,083,984 | -26.4% | |
| Total assets less current liabilities | £70,353,029 | £86,229,654 | — | — | |
| Net assets | £24,932,739 | £5,986,622 | £10,661,464 | +78.1% | |
| Equity | £24,932,739 | £5,986,622 | £10,661,464 | +78.1% | |
| Average employees | — | 1,701 | 1,671 | -1.8% | |
| Wages | £38,498,699 | £51,265,700 | £49,125,232 | -4.2% | |
| Directors' remuneration | £1,084,355 | £1,685,619 | — | — |
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 | 8.9% | 11.3% | 10.3% | |
| Net margin | -3.4% | -0.2% | -0.4% | |
| Return on capital employed | 13.9% | 19.9% | — | |
| Gearing (liabilities / total assets) | 77.9% | — | — | |
| Current ratio | 1.28x | 1.61x | 1.63x | |
| Interest cover | 1.48x | 1.46x | 1.37x |
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
- EXCELLENCE LOGGING HOLDING LIMITED 2018-09-12 → present
- EXCELLENCE LOGGING HOLDCO 3 LIMITED 2015-04-10 → 2018-09-12
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The consolidated and parent company financial statements have been prepared on a going concern basis. Management has prepared cash flow forecasts that the Group is expected to generate appropriate levels of cash flow during 2026, with forecast interest payments of approximately US $ 2.0 million, including a $ 1.5 million related to the bond listed on Oslo Bers.”
Group structure
- EXCELLENCE LOGGING HOLDING LIMITED · parent
- Excellence Logging Finance SAS 100%
- Excellence Logging Services SAS 100%
- Excellence Logging International FZ LLC 100%
- Excellence Logging Limited 100%
- Excellence Logging Finance Limited 100%
- Excellence Logging Finance 2 Plc 100%
- Excellence Logging Services Ltd 100%
- Excellence Logging Middle East Ltd 100%
- Excellence Logging Latin America Ltd 100%
- Excellence Logging (Switzerland) Sarl 100%
- WLG Servicios SA 100%
- Excellence Logging Tunisie Sarl 100%
- Excellence Logging Do Brazil Servicios de Petroleo LTDA 99.92%
- Exlog Gabon SA 48%
- Wilog Angola LDA 48%
- Excellence Logging US Inc 100%
- Exlog Philippines DMCC 100%
- PT DHI Excellence Logging 98.75%
- DHI Services (Thailand) Ltd 49%
- Thai Oil Venture Holding Ltd 49%
- Excellence Logging Malaysia Sdn Bhd 49%
- Excellence Logging Pte Ltd 100%
- Dajan S.R.L 100%
- Excellence Logging Ecuador SA 100%
- International Logging Technology Limited 100%
- Exlog Logging Saudi Limited 50%
- Exlog Ltd Middle East and North Africa Regional HQ Company 100%
- Excellence Logging Services LLC (Qatar) 100%
- Excellence Logging LLC (Oman) 70%
- Excellence Logging LLP (Kazakhstan) 100%
- Exlog Bolivia Servicios Petroleros S.A 100%
- Excellence Logging Canada Limited 100%
- Excellence Logging Netherlands BV 100%
- Coil Services BV 100%
- Slickline Services BV 100%
- Slickline Service Germany GmbH 100%
Significant events
- “Recent geopolitical developments, including the ongoing conflict involving Iran, have increased uncertainty in the region and may contribute to volatility in energy markets and potential disruptions to logistics and supply chains.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ATHENAEUM SECRETARIES LIMITED | Corporate Secretary | 2020-01-27 | — | — |
| BURBAN, Bruno Patrick | Director | 2017-07-14 | Sep 1958 | French |
| LECHNER, John Michael | Director | 2020-04-03 | Oct 1962 | American |
| SIKORSKI, Thomas Joseph | Director | 2015-05-18 | Apr 1961 | American |
| WRIGHT, William James | Director | 2017-07-14 | Jun 1957 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEBRAY, Benoit Jacques René | Director | 2017-07-14 | 2020-03-31 |
| DICKINSON, Mark Simon | Director | 2020-02-07 | 2023-05-01 |
| HARRISON, Paul David | Director | 2015-04-10 | 2017-10-17 |
| SIMONETTI, Vincent Antoine Luc | Director | 2015-05-18 | 2022-03-31 |
| WHITTINGHAM, James Ronald | Director | 2015-04-10 | 2017-10-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Excellence Logging Holdco 1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-19 | Ceased 2018-08-18 |
| Excellence Logging Holdco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-30 | Ceased 2018-04-19 |
Filing timeline
Last 20 of 107 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-02 MA Memorandum articles
- 2024-04-30 RESOLUTIONS Resolution
- 2023-09-11 RESOLUTIONS Resolution
- 2023-09-11 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-17 | AA | accounts | Accounts with accounts type group | |
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | AA | accounts | Accounts with accounts type group | |
| 2025-04-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-10 | CH01 | officers | Change person director company with change date | |
| 2024-11-12 | SH01 | capital | Capital allotment shares | |
| 2024-09-29 | AA | accounts | Accounts with accounts type group | |
| 2024-05-02 | MA | incorporation | Memorandum articles | |
| 2024-04-30 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-04-30 | SH20 | capital | Legacy | |
| 2024-04-30 | CAP-SS | insolvency | Legacy | |
| 2024-04-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-30 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-10-03 | AA | accounts | Accounts with accounts type group | |
| 2023-09-11 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-11 | MA | incorporation | Memorandum articles | |
| 2023-09-07 | SH01 | capital | Capital allotment shares | |
| 2023-06-01 | CH01 | officers | Change person director company with change date | |
| 2023-06-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- 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.