BW OFFSHORE (UK) LIMITED
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Cash
£3.6M
USD 4,770,000
+415.1% vs 2023
Net assets
£3.4M
USD 4,581,000
+345.6% vs 2023
Employees
152
-3.8% vs 2023
Profit before tax
£3.4M
USD 4,497,000
+58.9% vs 2023
Net assets
2-year trend · vs Industrials 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 | £21,063,033 | £21,340,770 | +1.3% | |
| Operating profit | £1,003,144 | £1,015,871 | +1.3% | |
| Profit before tax | £2,118,581 | £3,366,522 | +58.9% | |
| Net profit | £1,925,438 | £2,659,829 | +38.1% | |
| Cash | £693,218 | £3,570,894 | +415.1% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £769,576 | £3,429,406 | +345.6% | |
| Equity | £769,576 | £3,429,406 | +345.6% | |
| Average employees | 158 | 152 | -3.8% | |
| Wages | £13,355,293 | £14,128,612 | +5.8% | |
| 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 |
|---|---|---|---|
| Operating margin | 4.8% | 4.8% | |
| Net margin | 9.1% | 12.5% | |
| Gearing (liabilities / total assets) | 85.2% | 57.7% | |
| Current ratio | 1.09x | 1.72x | |
| Interest cover | 2.86x | 41.12x |
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
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors confirm that the financial statements have been prepared under the assumption of going concern. This assumption is based on profit forecasts for the twelve months from the date of signing the financial statements. The Company meets its day-to-day working capital requirements using its liquidity.”
Group structure
- BW OFFSHORE (UK) LIMITED · parent
- BW Offshore Poland Sp. z o.o. 100%
- BW Offshore USA Management, Inc. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCAREAVEY, Michael Thomas, Mr. | Director | 2024-10-17 | Feb 1970 | British |
| SKJELOY, Asgeir | Director | 2022-09-13 | Jun 1974 | Norwegian |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MURRAY DONALD LLP | Corporate Secretary | 2011-12-20 | 2014-11-01 |
| THORNTONS LAW LLP | Corporate Secretary | 2014-11-01 | 2026-04-23 |
| ARNET, Carl Krogh | Director | 2018-03-23 | 2019-07-01 |
| IKEDA, Kei, Mr. | Director | 2019-07-01 | 2024-10-17 |
| LANGSRUD, Hans Kristian | Director | 2019-07-01 | 2024-07-08 |
| MYRAN, Jon | Director | 2010-07-19 | 2017-01-01 |
| SKJELØY, Asgeir | Director | 2022-09-13 | 2022-09-13 |
| SOLVAG, Ole | Director | 2011-02-17 | 2019-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bw Offshore Limited | Corporate entity | Shares 75–100% | 2021-03-01 | Active |
| Bw Offshore Cyprus Limited | Corporate entity | Shares 75–100% | 2020-02-01 | Ceased 2021-03-01 |
| Bw Offshore Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2020-02-01 |
Filing timeline
Last 20 of 68 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-15 | AA | accounts | Accounts with accounts type full | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-15 | AA | accounts | Accounts with accounts type full | |
| 2024-11-11 | CH01 | officers | Change person director company with change date | |
| 2024-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-12 | CH01 | officers | Change person director company with change date | |
| 2024-06-12 | CH01 | officers | Change person director company with change date | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-13 | AA | accounts | Accounts with accounts type full | |
| 2023-08-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-14 | SH01 | capital | Capital allotment shares | |
| 2022-10-10 | AA | accounts | Accounts with accounts type full | |
| 2022-09-28 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-14 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.