OCEANEERING INTERNATIONAL SERVICES LIMITED
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Cash
£29m
+140.6% vs 2024
Net assets
£91m
+21.5% vs 2024
Employees
2,509
+3% highest in 3 filed years
Profit before tax
£23m
-79.1% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary 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 | £307,388,000 | £322,808,000 | £310,500,000 | -3.8% | |
| Operating profit | £28,432,000 | £19,028,000 | £27,103,000 | +42.4% | |
| Profit before tax | £34,146,000 | £109,024,000 | £22,799,000 | -79.1% | |
| Net profit | £25,528,000 | £102,803,000 | £13,725,000 | -86.6% | |
| Cash | £29,273,000 | £12,051,000 | £28,992,000 | +140.6% | |
| Total assets less current liabilities | £203,838,000 | £131,632,000 | £151,125,000 | +14.8% | |
| Net assets | £143,951,000 | £75,178,000 | £91,347,000 | +21.5% | |
| Equity | £143,951,000 | £75,178,000 | £91,347,000 | +21.5% | |
| Average employees | 2,304 | 2,436 | 2,509 | +3% | |
| Wages | £85,875,000 | £99,392,000 | £98,961,000 | -0.4% | |
| Directors' remuneration | £387,000 | £409,000 | £350,000 | -14.4% | |
| Directors' pension contributions | £17,000 | £14,000 | £13,000 | -7.1% | |
| Highest paid director | £279,000 | £350,000 | £214,000 | -38.9% |
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 | 9.2% | 5.9% | 8.7% | |
| Net margin | 8.3% | 31.8% | 4.4% | |
| Return on capital employed | 13.9% | 14.5% | 17.9% | |
| Gearing (liabilities / total assets) | 78.0% | 85.4% | 78.9% | |
| Current ratio | 0.28x | 0.20x | 0.84x | |
| Interest cover | 2.32x | 2.10x | 4.37x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed the ability of Oceaneering International Inc. to provide such support until 31 December 2027, should it be required, and have reviewed the financial position and made suitable enquiries, are satisfied that these financial statements should be prepared on a going concern basis.”
Group structure
- OCEANEERING INTERNATIONAL SERVICES LIMITED · parent
- Oceaneering Services Overseas 100%
- Grayloc Products Limited 100%
- Global Design Innovation Holdings Limited 100%
- Global Design Innovations Limited 100%
- Oceaneering Services PNG Ltd 100%
- Oceaneering Energy Services (Namibia) (Proprietary) Limited 100%
Significant events
- “Oceaneering's acquisition of Global Design Innovation Ltd. (GDi), a UK-based provider of digital and software services, marks a significant step in advancing its digital capabilities.”
- “The company is currently subject to a tax audit by the Ghana Revenue Authority (GRA), covering historical tax years up to and including 2022. The audit has resulted in a proposed assessment of up to approximately $4.2 million. During 2025, payments of £859,000 were made to the tax authorities. A provision of £115,000 remains recognised.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 38 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HILL, Safieh Nemazee | Secretary | 2023-03-09 | — | — |
| GILJE, Kirsten Marie | Director | 2025-04-17 | Nov 1973 | Norwegian |
| MCDONALD, Martin James, Mr. | Director | 2016-12-06 | Jan 1964 | British |
| PIRIE, Luke Patrick | Director | 2025-04-17 | Feb 1988 | British |
| SIMONS, Jennifer Fremont | Director | 2025-10-24 | Dec 1976 | American |
Show 38 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORBES, Colin Edward | Secretary | 2004-07-02 | 2012-12-10 |
| FRISBIE, Hilary | Secretary | 2017-12-04 | 2020-10-28 |
| ONLEY, Andrew David Jack | Secretary | 2020-10-28 | 2023-02-16 |
| ONLEY, Andrew David Jack | Secretary | 2012-12-10 | 2017-12-01 |
| SHEAMAN, George William | Secretary | — | 1992-12-16 |
| SMITH, John Andrew | Secretary | 1998-03-09 | 2003-02-25 |
| WESTWOOD, Alexander | Secretary | 1992-12-18 | 1998-03-09 |
| DM COMPANY SERVICES LIMITED | Corporate Secretary | 2003-02-25 | 2004-07-02 |
| ATKINSON, Andrew | Director | 1999-03-01 | 2000-05-17 |
| BACKHOUSE, Charles Kingsley | Director | 2005-11-01 | 2008-12-23 |
| BROWN, Charles Eric | Director | 2005-11-01 | 2008-07-01 |
| BUCHANAN, Peter John | Director | 2020-04-30 | 2025-04-17 |
| CHEW, Michael John | Director | — | 1998-03-09 |
| CHIDLOW, Richard Victor | Director | — | 1991-03-29 |
| COCHRANE, Gary Campbell | Director | 2013-02-14 | 2016-08-19 |
| COWIE, Steven | Director | 2015-04-21 | 2020-04-14 |
| CUMMING, Mark Anthony | Director | 2010-01-01 | 2011-02-28 |
| DAVISON JR, Charles Warren | Director | 2019-07-31 | 2021-06-30 |
| DUNBAR, James Murray | Director | 1995-05-18 | 1998-03-09 |
| GOODWIN, Adrian Jonathan | Director | — | 1992-12-22 |
| GRAY, Alan Morrison | Director | 2008-07-01 | 2010-03-04 |
| HAGGERTY, Patrick | Director | 2004-07-02 | 2005-09-30 |
| HEWLETT, Clyde Winston | Director | 2016-12-06 | 2019-07-31 |
| HOLLAND, Robert Harold | Director | — | 2002-05-22 |
| LEYS, Michael Cheyne | Director | 2011-09-01 | 2016-12-30 |
| MARSH, John | Director | 2003-02-25 | 2005-11-01 |
| MCKECHNIE, David Norman | Director | 2008-02-01 | 2011-06-17 |
| MORRISON, James | Director | 1998-03-09 | 2001-01-29 |
| MUSTARD, Alexander | Director | 2004-07-02 | 2008-02-29 |
| ONLEY, Andrew David Jack | Director | 2022-07-01 | 2023-02-16 |
| PLAYFORD, Jonathan Edward | Director | 2000-05-17 | 2007-12-17 |
| PURCELL, Niamh Maire | Director | 2022-05-18 | 2025-04-17 |
| SMITH, John Andrew | Director | 1998-03-09 | 2004-07-16 |
| SMITH, Michael | Director | 2011-09-01 | 2013-02-14 |
| SMITHWHITE, Desmond | Director | 2020-08-10 | 2022-05-18 |
| TENNANT, Crawford | Director | 2020-04-30 | 2022-08-19 |
| WATKINSON, John | Director | 2004-12-21 | 2016-08-10 |
| WESTWOOD, Alexander | Director | — | 2014-12-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Oceaneering International, Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 277 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-13 RESOLUTIONS Resolution
- 2023-08-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type full | |
| 2025-11-05 | CH01 | officers | Change person director company with change date | |
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-13 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-12-13 | SH20 | capital | Legacy | |
| 2024-12-13 | CAP-SS | insolvency | Legacy | |
| 2024-12-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-01-10 | AA | accounts | Accounts with accounts type full | |
| 2023-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-24 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 2
- Officers appointed
- 1
- 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.