OCEAN INSTALLER CREWING LIMITED
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Cash
£200K
+0.5% vs 2024
Net assets
£2M
-4.3% vs 2024
Employees
42
+13.5% vs 2024
Profit before tax
-£122K
-117.8% lowest in 3 filed years
Net assets
3-year trend · vs Energy 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 | £5,853,000 | £7,725,000 | £7,890,000 | +2.1% | |
| Operating profit | £503,000 | £469,000 | £170,000 | -63.8% | |
| Profit before tax | £716,000 | £687,000 | -£122,000 | -117.8% | |
| Net profit | £547,000 | £516,000 | -£91,000 | -117.6% | |
| Cash | — | £199,000 | £200,000 | +0.5% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | — | £2,139,000 | £2,048,000 | -4.3% | |
| Equity | — | £2,139,000 | £2,048,000 | -4.3% | |
| Average employees | — | 37 | 42 | +13.5% | |
| Wages | — | £5,144,000 | £5,338,000 | +3.8% | |
| Directors' remuneration | — | £1,355,000 | £1,439,000 | +6.2% |
Values shown as filed in the company's annual accounts. — 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 | 8.6% | 6.1% | 2.2% | |
| Net margin | 9.3% | 6.7% | -1.2% | |
| Gearing (liabilities / total assets) | — | 62.9% | 29.5% | |
| Current ratio | — | 1.59x | 3.34x | |
| Interest cover | 3.10x | 2.05x | 0.52x |
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
- OCEAN INSTALLER CREWING LIMITED 2023-02-01 → present
- HAVFRAM CREWING LIMITED 2021-01-13 → 2023-02-01
- OCEAN INSTALLER CREWING LIMITED 2012-03-13 → 2021-01-13
- PACIFIC SHELF 1686 LIMITED 2012-02-03 → 2012-03-13
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 31 December 2025 the Company had net assets of £2m (2024: £2.1m). The Directors believe that preparing the financial statements on a going concern basis is appropriate due to the continued financial support of the Company's indirect parent undertaking, Ocean Installer Holding AS. The Directors have received written confirmation that Ocean Installer Holding AS will continue to support the Company for at least twelve months from the date of signing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2022-04-01 | — | — |
| ROSE, Lisa | Director | 2023-03-14 | Jan 1982 | British |
| SCOTT, Gregor William James | Director | 2014-09-03 | Apr 1971 | British |
| STRAND, Håvard | Director | 2018-12-31 | Feb 1972 | Norwegian |
| VEITCH, Carey John | Director | 2018-10-10 | Dec 1975 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MD SECRETARIES LIMITED | Corporate Secretary | 2012-02-03 | 2012-08-16 |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2012-08-16 | 2022-03-31 |
| CONNON, Roger Gordon | Director | 2012-02-03 | 2012-03-13 |
| GILLESPIE, Robert Daniel | Director | 2020-09-14 | 2022-06-30 |
| MACRAE, Alan | Director | 2012-05-09 | 2020-10-31 |
| MCEWING, David | Director | 2012-02-03 | 2012-03-13 |
| RIISE, Steinar | Director | 2012-03-13 | 2018-12-31 |
| SANNE, Ole | Director | 2012-05-09 | 2014-02-12 |
| SHAW, Martin Humphrey | Director | 2014-02-12 | 2018-07-31 |
| SISLEY, Martin | Director | 2012-06-29 | 2014-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocean Installer Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 68 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-19 | AA | accounts | Accounts with accounts type full | |
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | AA | accounts | Accounts with accounts type full | |
| 2025-02-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-20 | AA | accounts | Accounts with accounts type full | |
| 2024-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-03 | AA | accounts | Accounts with accounts type full | |
| 2023-03-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-02-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-02-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-24 | CH01 | officers | Change person director company with change date | |
| 2022-06-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-21 | CH01 | officers | Change person director company with change date | |
| 2022-06-21 | CH01 | officers | Change person director company with change date | |
| 2022-06-21 | CH01 | officers | Change person director company with change date | |
| 2022-04-08 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.