STENA EVOLUTION LIMITED
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Cash
£1.2M
USD 1,656,000
+389.9% vs 2024
Net assets
£127M
USD 169,893,000
+6.1% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£13M
USD 17,703,000
+48.9% vs 2024
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 | — | £35,045,666 | £48,637,521 | +38.8% | |
| Operating profit | — | £21,771,972 | £29,776,164 | +36.8% | |
| Profit before tax | — | £8,901,033 | £13,252,732 | +48.9% | |
| Net profit | — | £7,587,962 | £7,304,237 | -3.7% | |
| Cash | £112,935,320 | £253,032 | £1,239,707 | +389.9% | |
| Total assets less current liabilities | £242,829,765 | £355,066,627 | £360,282,228 | +1.5% | |
| Net assets | £112,292,259 | £119,880,222 | £127,184,459 | +6.1% | |
| Equity | £112,292,259 | £119,880,222 | £127,184,459 | +6.1% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.749 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 | — | 62.1% | 61.2% | |
| Net margin | — | 21.7% | 15.0% | |
| Return on capital employed | — | 6.1% | 8.3% | |
| Gearing (liabilities / total assets) | 60.2% | 70.5% | — | |
| Current ratio | 2.90x | 0.65x | 0.39x | |
| Interest cover | — | 1.52x | 1.72x |
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
“Based upon the availability of its revolving credit facility and having reviewed the Company's future forecast cash flows, the Directors expect the Company to be a going concern for at least 12 months from the date of signing the financial statements and therefore prepared the financial statements on a going concern basis.”
Significant events
- “Recent macro-economic events including the announcement of international trade tariffs by US president Donald Trump in April 2025 and the February 2026 US-Israel war with Iran has caused significant volatility in the market, with Brent Crude prices reaching a high of $138 per barrel in April 2026.”
- “The Company has committed to upgrading the Stena Evolution's pressure-rated well control system. The upgraded 20K Blowout Preventer (BOP) will enable the vessel to handle pressures up to 20,000 psi at the seabed. ... The 20K project is undertaken in partnership with Shell, and an extension of the original five year charter to seven years has been signed in this regard.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MATKIN, Siena Grace | Secretary | 2025-04-24 | — | — |
| FERNANDEZ-ARES, Sindo Dominic | Director | 2023-03-30 | Nov 1973 | British |
| GRAY, Douglas Alexander | Director | 2023-10-13 | Sep 1978 | British |
| STENVALLER, Mikael Fredrik | Director | 2023-10-13 | Jul 1973 | Swedish |
| WYNESS, Stuart Maxwell | Director | 2023-10-13 | Jul 1971 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARTER, Jenny Kate | Secretary | 2023-03-30 | 2025-02-14 |
| HAMPTON, Ian | Director | 2023-03-30 | 2023-10-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stena (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-30 | Active |
Filing timeline
Last 20 of 21 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-24 MA Memorandum articles
- 2024-10-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2026-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-08 | CH03 | officers | Change person secretary company with change date | |
| 2025-06-05 | AA | accounts | Accounts with accounts type full | |
| 2025-04-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-24 | MA | incorporation | Memorandum articles | |
| 2024-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-30 | AA | accounts | Accounts with accounts type small | |
| 2024-03-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-21 | SH01 | capital | Capital allotment shares | |
| 2023-10-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-09 | AA01 | accounts | Change account reference date company current shortened |
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.