DOLPHIN DRILLING LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +54.9%

  £64,099,000 → £99,263,000

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -43.1%

  -£37,512,000 → -£53,665,000

• Profit before tax

  -62.8%

  -£49,447,000 → -£80,510,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. DOLPHIN DRILLING LIMITED 1983-11-09 → present
2. FRUIT LINES,LIMITED 1971-07-13 → 1983-11-09

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have confirmed they have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of approval of these financial statements. Consequently, they continue to adopt the going concern basis of accounting in preparing the annual report and financial statements.”

Group structure

1. DOLPHIN DRILLING LIMITED · parent
   1. Dolphin Drilling Perfuracao Brasil Ltda 100% · Brazil
   2. Dolphin Drilling Offshore Limited 100% · UK
   3. Blackford Personnel Mexico S. de R.L. de C.V 99% · Mexico
   4. DD Offshore West Africa Limited (Nigeria) 100% · Nigeria

Significant events

• “Dolphin Drilling utilised a loan facility of $65 million which has been secured by a first lien mortgage on the rig Paul B. Loyd Jr with a maturity date of 2027 to finance this transaction.”
• “On 5th July 2024 Dolphin Drilling Limited sold the drilling unit Blackford Dolphin to Dolphin Drilling Offshore AS for $80.4 million (note 9). This comprises of $50.2 million of drilling rig asset additions plus $21.2 million of inventory (note 12). A gain on sale of $8.9 million was recorded.”
• “Blackford Dolphin began 2024 on contract with General Hydrocarbons Limited (GHL)... contract with Oil India commenced.”
• “During February 2024, the acquisition of Paul B. Loyd Jr and Dolphin Leader was completed, and the Company secured an extension of the existing contract with Harbour Energy for Paul B. Loyd Jr.”
• “On 28 May 2025, the company announced a substantial refinancing plan following a process conducted through April and May 2025.”
• “On 24 June 2025, the Supreme Court issued its judgment, dismissing the Company's appeal and ruling in favour of HMRC.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.