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SUBSEA 7 BLUE SPACE LIMITED

#SC128705 · Active · Incorporated 1990-11-27 (35y 9m) · Last filing 2026-07-01 (1mo ago)
Consumer Discretionary · SIC 96090 · S Other Service Activities · Full accounts
Accounts due 2027-09-30 (in 1y) · Confirmation due 2026-10-02 (in 42 days) · No watchouts on the register

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Cash

£962k

USD 1,294,000

+21,468.2% highest in 3 filed years

Net assets

£474m

USD 637,784,000

-3.8% lowest in 3 filed years

Employees

0

Average over period

Profit before tax

-£22m

USD -29,232,000

-66.8% lowest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover ——— —
Operating profit -£2,264,586-£35,674-£9,952,434 -27,798.3%
Profit before tax -£13,047,194-£13,026,384-£21,725,753 -66.8%
Net profit -£10,406,540-£9,802,304-£18,770,717 -91.5%
Cash £4,459£4,459£961,724 +21,468.2%
Total assets less current liabilities —£699,219,621£636,989,223 -8.9%
Net assets £502,585,656£492,783,352£474,012,635 -3.8%
Equity £502,585,656£492,783,352£474,012,635 -3.8%
Average employees —00 —
Wages ——— —
Directors' remuneration £1,632,107£1,605,351£2,103,307 +31%

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 2023-12-312024-12-312025-12-31
Return on capital employed —-0.0%-1.6%
Gearing (liabilities / total assets) 41.8%43.1%44.1%
Current ratio 1.55x20.80x4.90x
Interest cover -0.17x-0.00x-0.39x

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 6 times since incorporation

  1. SUBSEA 7 BLUE SPACE LIMITED 2021-07-06 → present
  2. SUBSEA 7 CONTRACTING (UK) LIMITED 2011-01-12 → 2021-07-06
  3. ACERGY UK LIMITED 2006-01-23 → 2011-01-12
  4. STOLT OFFSHORE LIMITED 2000-01-24 → 2006-01-23
  5. STOLT COMEX SEAWAY LIMITED 1993-12-08 → 2000-01-24
  6. SEAWAY (UK) LIMITED 1990-12-13 → 1993-12-08
  7. TILTAN LIMITED 1990-11-27 → 1990-12-13

Audit & accounting basis

Accounting basis
FRS 101
Reporting scope
Standalone (parent only)
Auditor
Ernst & Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Directors consider that there are no significant doubts over the application of the going concern assumption and no disclosable material uncertainties which cast doubt upon the Company's ability to continue as a going concern.”

Group structure

  1. SUBSEA 7 BLUE SPACE LIMITED · parent
    1. Seaway 7 AS 72.4% · Norway · General Trading
    2. Subsea 7 Korea Co., Limited 100% · South Korea · General Trading
    3. Salamander Offshore Wind Limited 21% · Ireland · Holding company for wind energy development
    4. Seaway 7 Denmark A/S · Denmark · General Purpose
    5. Seaway 7 Engineering B.V. · Netherlands · General Trading
    6. Seaway 7 Germany GmbH · Germany · General Trading
    7. Seaway 7 Heavy Transport AS · Norway · General Trading
    8. Seaway 7 Holding NL B.V. · Netherlands · Holding
    9. Seaway 7 Management AS · Norway · General Purpose
    10. Seaway 7 Norway AS · Norway · General Purpose
    11. Seaway 7 Offshore Contractors B.V. · Netherlands · General Trading
    12. Seaway 7 Offshore Crew B.V. · Netherlands · General Trading
    13. Seaway 7 Offshore Installation AS · Norway · Vessel Owning
    14. Seaway 7 Treasury Limited · United Kingdom · Special Purpose
    15. Seaway 7 UK Limited · United Kingdom · General Trading
    16. Seaway 7 US Inc. (formerly SHL Contracting US Inc.) · United States · General Trading
    17. Seaway 7 Vessels B.V. · Netherlands · Vessel Owning
    18. Seaway Aimery AS · Norway · Vessel Owning
    19. Seaway Albatross AS · Norway · Vessel Owning
    20. Seaway Alfa Lift AS · Norway · Vessel Owning
    21. Seaway Eagle AS · Norway · Vessel Owning
    22. Seaway Falcon AS · Norway · Vessel Owning
    23. Seaway Hawk AS · Norway · Vessel Owning
    24. Seaway Heavy Lifting Contracting Limited · Cyprus · General Trading
    25. Seaway Heavy Lifting Limited · Cyprus · General Trading
    26. Seaway Heavy Lifting Shipping Limited · Cyprus · Vessel Owning
    27. Seaway Moxie AS · Norway · Vessel Owning
    28. Seaway Osprey AS · Norway · Vessel Owning
    29. Seaway Phoenix AS · Norway · Vessel Owning
    30. Seaway Swan AS · Norway · Special Purpose
    31. Seaway Ventus AS · Norway · Vessel Owning
    32. SHL Stanislav Yudin Limited · Cyprus · Vessel Owning

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

4 active · 44 resigned

Name Role Appointed Born Nationality
PEACE, Lorna Helen Secretary 2011-10-19 — —
FOLEY, Mark Director 2022-01-01 Apr 1973 British
LOUYS, Nathalie Veronique Jacqueline Ghislaine Director 2021-07-06 Nov 1963 Belgian
WATTS, Rachel Director 2021-07-06 Mar 1972 British
Show 44 resigned officers
Name Role Appointed Resigned
IRVINE, Hugh Richard Secretary 2007-12-03 2009-03-27
MIDDLETON, Sandra Elizabeth Nominee Secretary 1990-11-27 1990-11-30
TAYLOR, Darren Secretary 2009-03-05 2011-10-19
PAULL & WILLIAMSONS Corporate Secretary 1990-11-30 1997-08-07
SUBSEA 7 M.S. LIMITED Corporate Secretary 1997-08-07 2018-09-05
BRUNNEN, Jeremy Alan Director 1995-07-14 2002-10-02
CAHUZAC, Jean Paul Director 2008-04-14 2009-02-19
CHABAS, Bruno Raymond Yves Director 1999-06-18 2010-02-25
CROWE, Simon Paul Director 2009-11-04 2010-02-25
EHRET, Thomas Director 2003-03-17 2008-04-14
ELLIS, Simon David Director 2013-01-03 2021-07-06
FLEURY, Guy Jean Marie Director 1992-07-22 1994-06-13
FRIKSTAD, Paul Arild Director 1995-08-02 1999-06-18
GRAY, Gary George Director 2004-12-06 2007-09-01
HIRST, Terence John Director 1994-03-01 1995-08-02
HIRST, Terence John Director 1990-11-30 1992-06-12
JACKSON, Stuart Robert Director 2004-12-06 2009-07-13
JACOBE DE NAUROIS, Gilles Charles Marie Director 1994-03-01 1995-05-23
JOHN, Michael Dendle Director 1990-11-30 1991-11-30
JONES, Mike John, Dr Director 2009-07-13 2009-11-04
LAWRENCE, Tyrone Director 2010-02-25 2010-11-26
LIE, Kaare Johannes Director 1990-11-30 1992-06-12
MCLELLAN, Gordon Mccrum Director 1991-10-29 1992-06-12
MCNEILL, Stephen Anthony Director 2011-06-01 2014-04-01
MCNIVEN, Alan Ross Nominee Director 1990-11-27 1990-11-30
MEIL, Graham John Director 2008-11-01 2011-06-20
MEIL, Graham John Director 2005-02-14 2006-01-09
MELING, Jan Fredrik Director 1990-11-30 1992-06-12
MIKAELSEN, Oeyvind Director 2003-07-09 2012-06-08
MIKAELSEN, Oyvind Director 2012-09-28 2015-01-01
MURRAY, Patricia Director 2011-06-01 2015-07-22
O'HARA, Marie-Louise Frances Director 2011-10-19 2012-11-14
OAKLEY, Stuart David Director 1990-11-30 1992-07-22
PEARSON, Chris Director 2010-02-25 2011-04-06
REKVE, Ellen Norloff Director 2007-09-01 2011-06-20
ROSA, Ricardo Horacio Director 2021-07-06 2021-12-31
SHEEHAN, Timothy William Director 2006-01-09 2008-06-27
SIMONS, Philip John Director 2013-03-25 2018-04-01
SIREVAAG, Helge Byhre Director 2004-12-06 2010-02-25
STRACHAN, Colin Director 2018-04-01 2021-07-06
TAYLOR, Darren Director 2011-06-01 2011-10-19
VOSSIER, Bernard Lucien Director 1995-03-27 2003-03-17
VOSSIER, Bernard Lucien Director 1992-06-12 1994-09-30
WEBSTER, Gary Roderick Director 2000-06-02 2003-07-09

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Subsea 7 International Holdings (Uk) Limited Corporate entity Shares 75–100%, Voting 75–100% 2020-06-30 Active
Subsea 7 Senior Holdings (Uk) Limited Corporate entity Shares 75–100%, Voting 75–100% 2016-04-06 Ceased 2020-06-30

Filing timeline

Last 20 of 232 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2021-07-06 RESOLUTIONS Resolution PDF
Date Type Category Description
2026-07-01 AA accounts Accounts with accounts type full
2025-09-25 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-07-07 AA accounts Accounts with accounts type full
2024-10-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-07-08 AA accounts Accounts with accounts type full
2024-02-29 CH01 officers Change person director company with change date PDF
2023-10-16 AA accounts Accounts with accounts type full
2023-09-28 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-04-12 AA accounts Accounts with accounts type full
2022-09-22 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-01-14 AP01 officers Appoint person director company with name date PDF
2022-01-14 TM01 officers Termination director company with name termination date PDF
2021-09-28 CS01 confirmation-statement Confirmation statement with updates PDF
2021-09-09 SH01 capital Capital allotment shares PDF
2021-07-30 AA accounts Accounts with accounts type full
2021-07-06 RESOLUTIONS resolution Resolution PDF
2021-07-06 TM01 officers Termination director company with name termination date PDF
2021-07-06 TM01 officers Termination director company with name termination date PDF
2021-07-06 AP01 officers Appoint person director company with name date PDF
2021-07-06 AP01 officers Appoint person director company with name date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page