SUBSEA ENGENUITY LIMITED
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Cash
£1.6k
Latest balance sheet
Net assets
-£1.1m
-36.9% lowest in 3 filed years
Employees
3
0% vs 2024
Profit before tax
-£454k
-26.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As with any company placing reliance on other Group entities for financial support, the Directors of the Company acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
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 | £63,343 | £157,122 | £141,209 | -10.1% | |
| Operating profit | -£466,170 | -£304,737 | -£302,931 | +0.6% | |
| Profit before tax | -£466,170 | -£358,160 | -£454,250 | -26.8% | |
| Net profit | -£511,852 | -£139,675 | -£303,330 | -117.2% | |
| Cash | — | — | £1,566 | — | |
| Total assets less current liabilities | -£681,713 | £1,092,040 | £1,095,400 | +0.3% | |
| Net assets | -£681,713 | -£821,388 | -£1,124,718 | -36.9% | |
| Equity | -£681,713 | -£821,388 | -£1,124,718 | -36.9% | |
| Average employees | 4 | 3 | 3 | 0% | |
| Wages | £297,016 | £332,211 | £294,396 | -11.4% | |
| Directors' remuneration | £110,065 | £119,199 | £123,639 | +3.7% |
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 | — | -193.9% | — | |
| Net margin | — | -88.9% | — | |
| Return on capital employed | — | -27.9% | -27.7% | |
| Gearing (liabilities / total assets) | — | 151.4% | 187.8% | |
| Current ratio | — | 1.55x | 1.89x | |
| Interest cover | — | -5.70x | -2.00x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As with any company placing reliance on other Group entities for financial support, the Directors of the Company acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”
Significant events
- “In March 2026, the Group added £25.0m of liquidity by increasing the committed RCF by acceding an additional lender into the existing agreement. The total committed facilities have therefore increased from £92.5m to £117.5m.”
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 |
|---|---|---|---|---|
| HENDERSON, Richard | Director | 2017-07-03 | Mar 1983 | British |
| MACTAGGART, Dugald | Director | 2023-04-27 | Feb 1963 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARSH, James Henry John | Secretary | 2021-06-02 | 2022-09-01 |
| SPEIRS, Peter Alexander | Secretary | 2022-09-01 | 2022-12-31 |
| DAVIDSON, Jack Knarston Flett | Director | 2021-06-02 | 2023-01-30 |
| MARSH, James Henry John | Director | 2021-06-02 | 2022-12-06 |
| MARSH, Martin Graham | Director | 2021-06-02 | 2021-10-20 |
| MORGAN, Michael Graham | Director | 2017-07-03 | 2021-06-02 |
| PACITTI-SIMPSON, Celia Margaret Louise | Director | 2021-10-27 | 2023-06-02 |
| SPEIRS, Peter Alexander | Director | 2022-09-01 | 2022-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| James Fisher Holdings Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-06-02 | Active |
| Mr Richard Henderson | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-07-03 | Ceased 2021-06-02 |
| Mr Michael Graham Morgan | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-07-03 | Ceased 2021-06-02 |
Filing timeline
Last 20 of 53 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-08 | AA | accounts | Accounts with accounts type full | |
| 2026-07-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2024-11-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-07 | AA | accounts | Accounts with accounts type full | |
| 2023-08-04 | AA | accounts | Accounts with accounts type full | |
| 2023-07-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-01 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.