MERMAID SUBSEA SERVICES (UK) LIMITED
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Cash
£974K
-23.7% lowest in 4 filed years
Net assets
£1.2M
+143.2% highest in 4 filed years
Employees
8
-11.1% vs 2024
Profit before tax
—
Period ending 2025-12-31
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | -£273,874 | — | — | — | — | |
| Net profit | -£273,874 | -£1,345,619 | -£758,302 | £3,882,701 | +612% | |
| Cash | £1,320,022 | £997,408 | £1,275,765 | £973,757 | -23.7% | |
| Total assets less current liabilities | — | -£1,952,527 | -£2,710,829 | £1,171,872 | +143.2% | |
| Net assets | -£606,908 | -£1,952,527 | -£2,710,829 | £1,171,872 | +143.2% | |
| Equity | -£606,908 | -£1,952,527 | -£2,710,829 | £1,171,872 | +143.2% | |
| Average employees | 8 | 8 | 9 | 8 | -11.1% | |
| Wages | £424,978 | — | — | — | — | |
| Directors' remuneration | £300,000 | — | — | — | — |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Current ratio | — | 0.46x | 0.58x | 1.55x |
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
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Hall Morrice LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the directors consider the company has sufficient resources to continue in operational existence for that period and the financial statements have been prepared on the going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUAKHUNNGAMCHAROEN, Phiboon | Director | 2021-10-01 | Aug 1974 | Thai |
| CORMACK, Scott | Director | 2021-09-28 | Apr 1973 | British |
| MAHAGITSIRI, Chalermchai | Director | 2020-02-07 | Nov 1978 | Thai |
| SIAL, Abrar Ahmad | Director | 2021-10-01 | Jun 1985 | Pakistani |
| WHILEY, Paul Burger | Director | 2021-10-01 | Dec 1967 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MIDGLEY, Mark Leonard | Director | 2020-02-07 | 2020-09-17 |
| MOONIE, Fraser John | Director | 2021-09-28 | 2023-02-06 |
| SIAW, Vincent | Director | 2020-02-07 | 2021-10-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Memaid Subsea Services (Thailand) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-07 | Ceased 2020-02-07 |
Filing timeline
Last 20 of 30 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-13 | AA | accounts | Accounts with accounts type full | |
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-13 | CH01 | officers | Change person director company with change date | |
| 2025-02-13 | CH01 | officers | Change person director company with change date | |
| 2025-02-13 | CH01 | officers | Change person director company with change date | |
| 2024-10-16 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-16 | AA | accounts | Accounts with accounts type full | |
| 2023-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-30 | AA | accounts | Accounts with accounts type full | |
| 2022-04-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-14 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2021-10-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-10-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-08 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.