TRANSOCEAN DRILLING U.K. LIMITED
Operating from Aberdeen, the company serves as the British subsidiary of the NYSE-listed Swiss offshore drilling contractor Transocean Ltd., providing offshore drilling services and equipment to the oil and gas industry.
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Cash
£1.3M
USD 1,714,000
+56.8% vs 2023
Net assets
£110M
USD 147,194,000
-4.9% vs 2023
Employees
2
-33.3% vs 2023
Profit before tax
-£5.5M
USD -7,344,000
-144% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £73,346,309 | £5,028,447 | -93.1% | |
| Operating profit | £11,304,836 | -£291,960 | -102.6% | |
| Profit before tax | £12,486,151 | -£5,497,829 | -144% | |
| Net profit | £20,134,002 | -£5,622,848 | -127.9% | |
| Cash | £818,236 | £1,283,126 | +56.8% | |
| Total assets less current liabilities | £115,814,493 | £110,191,645 | -4.9% | |
| Net assets | £115,814,493 | £110,191,645 | -4.9% | |
| Equity | £115,814,493 | £110,191,645 | -4.9% | |
| Average employees | 3 | 2 | -33.3% | |
| Wages | £527,774 | £488,846 | -7.4% | |
| Directors' remuneration | £210,361 | £232,819 | +10.7% |
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 |
|---|---|---|---|
| Operating margin | 15.4% | -5.8% | |
| Net margin | 27.5% | -111.8% | |
| Return on capital employed | 9.8% | -0.3% | |
| Gearing (liabilities / total assets) | 18.1% | 12.4% | |
| Current ratio | 3.01x | 3.42x | |
| Interest cover | 10.90x | -0.32x |
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 3 times since incorporation
- TRANSOCEAN DRILLING U.K. LIMITED 2008-04-28 → present
- GLOBALSANTAFE DRILLING U.K. LIMITED 2001-11-21 → 2008-04-28
- GLOBAL MARINE U.K. LIMITED 1991-04-22 → 2001-11-21
- PEROLD LIMITED 1991-04-18 → 1991-04-22
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 have obtained confirmation from an appropriate parent undertaking, Transocean International Limited (formerly known as Transocean Inc.), that it will provide financial support to allow the company to meet its liabilities as and when they fall due, to the extent that the company is not able to meet such liabilities; and to recover in full sums due to it, when so due, from other group undertakings. This support is provided for a period of twelve months after the financial statements have been approved. The directors have made enquiries to determine the ability of the parent undertaking to provide this support. The directors continue to place reliance on the Parent company's letter of support and concluded that it was appropriate for the financial statements to be prepared on a going concern basis. The financial statements do not reflect any adjustments that would require to be made if they were prepared on a basis other than going concern.”
Group structure
- TRANSOCEAN DRILLING U.K. LIMITED · parent
- Transocean Onshore Support Services Limited 100%
- Arcade Drilling AS 100%
Significant events
- “The Paul B. Loyd Jr was sold to Dolphin Drilling Ltd in February 2024.”
- “The Henry Goodrich remained cold stacked in Canada throughout 2024.”
- “In 2023 the Company made 15.7% equity investment in Global Sea Mineral Resources NV (together with its subsidiaries, "GSR"), a Belgian company and leading developer of nodule collection technology, which is engaged in the development and exploration of deep-sea polymetallic nodules that contain metals critical to the growing renewable energy market.”
- “On 27 August 2025, the company announced that it intends to dispose of the Henry Goodrich rig along with certain assets primarily associated with the rig. From this date the assets will be reclassified as Assets Held for Sale.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 38 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAY, Alexis Anne | Director | 2020-06-29 | Aug 1978 | British |
| TAYLOR, Garry | Director | 2025-01-09 | Jan 1966 | British |
| THOMA, Sandro, Mr. | Director | 2026-04-22 | Jul 1977 | Swiss |
Show 38 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MIDDLETON, Sandra Elizabeth | Nominee Secretary | 1991-04-18 | 1991-04-18 |
| BURNESS PAULL LLP | Corporate Secretary | 2013-05-24 | 2019-05-29 |
| PAULL & WILLIAMSONS | Corporate Secretary | 1991-04-18 | 2009-04-06 |
| PAULL & WILLIAMSONS LLP | Corporate Secretary | 2009-04-06 | 2013-05-24 |
| BAKER, Walter Andrew | Director | 1998-01-01 | 2008-07-01 |
| BELL, David Keith | Director | 2003-04-14 | 2007-12-21 |
| CAMERON, Barry Nicholas | Director | 2014-10-24 | 2014-10-31 |
| CAMERON, Barry Nicholas | Director | 2008-07-01 | 2012-02-08 |
| CLARE, Melissa Anthea | Director | 2014-10-17 | 2016-10-14 |
| CLYNE, Neil Kenneth | Director | 2015-05-12 | 2016-04-29 |
| CLYNE, Neil Kenneth | Director | 2012-02-08 | 2014-10-17 |
| DEMENT, John Andrew | Director | 1991-04-18 | 1997-10-28 |
| GEE, Nicholas Wilding | Director | 1999-10-20 | 2000-04-14 |
| JONES, Roger Shelley | Director | 2008-07-01 | 2010-04-26 |
| KING, Paul Arthur | Director | 2008-07-01 | 2011-10-01 |
| KOTT, Gary Lynn | Director | 1991-04-18 | 1998-01-01 |
| LESLIE, Andrew | Director | 2018-05-18 | 2024-04-18 |
| MARSHALL, Jon Allen | Director | 1997-10-28 | 1998-01-01 |
| MARTIN, Jerry Calhoun | Director | 1991-05-01 | 1997-06-01 |
| MATEJ, George Vincent | Director | 2000-06-16 | 2004-11-26 |
| MATTHEWS, Freeman Luke | Director | 1997-10-28 | 1999-03-22 |
| MCLEOD, Derek | Director | 1998-01-01 | 2000-06-16 |
| MCNIVEN, Alan Ross | Nominee Director | 1991-04-18 | 1991-04-18 |
| MEEK, Hazel Francene Stuart | Director | 2016-10-14 | 2025-04-01 |
| MELDRUM, Colin Campbell Mitchell | Director | 2018-09-13 | 2025-01-09 |
| NESS, Christopher Leonard | Director | 2002-06-05 | 2008-07-01 |
| PATERSON, Ian | Director | 2014-10-17 | 2020-06-25 |
| ROBERTS, Alun | Director | 1998-01-01 | 2000-06-16 |
| ROSE, Adrian Paul | Director | 2011-10-01 | 2015-04-17 |
| ROWLAND, Rebecca Louise, Ms. | Director | 2025-04-01 | 2026-04-15 |
| RYAN, John Gerald | Director | 1991-05-01 | 1998-01-01 |
| SIMONS, Raymond Blake | Director | 2000-06-16 | 2003-06-09 |
| URE, Graeme John Robert | Director | 2015-05-12 | 2016-01-31 |
| URE, Graeme John Robert | Director | 2010-04-26 | 2014-10-17 |
| VAN NIEUWKOOP, Albert | Director | 1999-06-08 | 1999-10-20 |
| WALLS, David Michael | Director | 2016-04-29 | 2018-05-15 |
| WATSON, Bruce Alan | Director | 1998-11-05 | 2000-06-16 |
| WILL, Lee Douglas | Director | 2016-01-28 | 2017-04-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Transocean Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 213 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-21 | AA | accounts | Accounts with accounts type full | |
| 2025-05-29 | CH01 | officers | Change person director company with change date | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-23 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-04-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-28 | SH01 | capital | Capital allotment shares | |
| 2023-02-17 | CH01 | officers | Change person director company with change date | |
| 2022-12-21 | AA | accounts | Accounts with accounts type full | |
| 2022-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-25 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.