NORSEA PIPELINE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-23 (this month)
Last made up 2025-05-09
Watchouts
None on the register
Cash
£54M
+30.9% vs 2023
Net assets
£63M
+31% vs 2023
Employees
0
Average over period
Profit before tax
£50M
-14% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £146,931,000 | £155,084,000 | |
| Operating profit | £51,357,000 | £48,573,000 | |
| Profit before tax | £58,708,000 | £50,483,000 | |
| Net profit | £48,180,000 | £45,645,000 | |
| Cash | £41,173,000 | £53,893,000 | |
| Total assets less current liabilities | £103,076,000 | £121,518,000 | |
| Net assets | £47,814,000 | £62,623,000 | |
| Equity | £47,814,000 | £62,623,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £0 | £0 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+5.5%
£146,931,000 £155,084,000
-
Cash
+30.9%
£41,173,000 £53,893,000
-
Net assets
+31%
£47,814,000 £62,623,000
-
Employees
—
Not reported
-
Operating profit
-5.4%
£51,357,000 £48,573,000
-
Profit before tax
-14%
£58,708,000 £50,483,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 35.0% | 31.3% | |
| Net margin | 32.8% | 29.4% | |
| Return on capital employed | 49.8% | 40.0% | |
| Gearing (liabilities / total assets) | 81.8% | 79.6% | |
| Current ratio | 0.38x | 0.49x | |
| Interest cover | 3.41x | 2.78x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The company has net current liabilities of GBP 94.7 million (2023: GBP 99.9 million), which it meets through inter-company pooling, bank loans, and financial support from its parent. Directors are satisfied the company will operate for the going concern period to 30 June 2026.”
Group structure
- NORSEA PIPELINE LIMITED · parent
- Norpipe Petroleum UK Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 93 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PEPIN, Jean-Francois | Secretary | 2022-10-28 | — | — |
| CATALANO, Roccantonio | Director | 2025-01-09 | Apr 1971 | Italian |
| FREDHEIM, Kurt | Director | 2024-05-08 | Mar 1964 | Norwegian |
| JORGENSEN, Arild Kvanvik | Director | 2020-09-11 | May 1969 | Norwegian |
| LELARGE, Vincent | Director | 2024-07-01 | Jun 1976 | French |
| PORRETTA SERAPIGLIA, Claudia | Director | 2025-06-18 | Nov 1977 | Italian |
| STROM, Joachim Kleiberg | Director | 2018-11-30 | Sep 1982 | Norwegian |
Show 93 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAUGSTO, Anita | Secretary | 2008-04-03 | 2011-04-04 |
| DAHL, Nan Fosse | Secretary | 2011-04-04 | 2014-09-10 |
| FISHER, Clare Catherine | Secretary | 2019-09-30 | 2022-10-28 |
| GRIMSHAW, David | Secretary | 2003-08-18 | 2019-09-30 |
| REDRUP, Leslie Charles Ernest | Secretary | — | 1999-03-31 |
| STOKELD, Michael Philip, Sol | Secretary | 2002-12-11 | 2003-08-18 |
| TVEIT, Rune | Secretary | 2004-03-18 | 2008-04-03 |
| WATSON, Susan Elizabeth | Secretary | 1999-04-01 | 2002-12-11 |
| WILSON, Suzanne Elizabeth | Secretary | 2002-12-11 | 2004-03-18 |
| ALBRIGTSEN, Roar | Director | 2017-06-23 | 2018-11-30 |
| AM, Knut | Director | 1991-12-14 | 1996-01-31 |
| ARDAL, Ove Andre | Director | 2015-03-26 | 2020-07-15 |
| ARNOLD III, William Thomas | Director | 2015-08-17 | 2018-11-01 |
| ASBO, Jens Andreas | Director | 2000-12-15 | 2005-12-14 |
| ASKVIK, Nicolai Bernhard | Director | — | 2000-12-01 |
| AUKLEND, Asbjorn | Director | — | 2000-12-01 |
| BOGNO, Thomas | Director | 2020-04-02 | 2020-09-11 |
| BORE, Sverre Garman | Director | 2001-12-12 | 2004-12-14 |
| BREVIK, Arne Gunnar | Director | 2000-12-15 | 2007-12-12 |
| BRISEID, Eivind | Director | 1992-06-24 | 1992-10-07 |
| BRUGGEMAN, Jean-Luc | Director | 1997-09-01 | 2000-06-21 |
| BUE DYPVIK, Bente | Director | 2006-12-13 | 2007-12-12 |
| CATLOW, John Richard | Director | 2007-10-15 | 2014-09-15 |
| CHARBONNEL, Pierre | Director | 2014-09-15 | 2017-06-23 |
| CLOVIN, Philippe | Director | 2004-12-15 | 2007-10-15 |
| COLO, Jean-Francois | Director | 1991-12-12 | 1993-06-23 |
| DAHL-STAMNES, *Ivind Andreas | Director | 2005-12-14 | 2011-02-14 |
| DELUCHI, Lucio | Director | 1991-12-12 | 1994-12-14 |
| DUTAL, Vincent Paul | Director | 2002-12-11 | 2004-12-15 |
| ERIKSEN, Gisle | Director | 2013-04-05 | 2015-10-31 |
| ERRICO, Giuseppe | Director | — | 1991-12-12 |
| FRANTZ, Lavele Lawrence | Director | 1992-04-02 | 1996-01-31 |
| GIANNONE, Gino | Director | 2000-12-13 | 2001-12-12 |
| GILSA, Gunnar | Director | 1995-09-29 | 1998-12-16 |
| GIUSTO, Manfredi | Director | 2024-10-11 | 2025-06-18 |
| GLAESERUD, Arild | Director | 2015-03-26 | 2017-05-23 |
| GLOPPEN, Egil Magne | Director | — | 1992-10-09 |
| GUNDERSEN, Georg Karl | Director | 1999-06-15 | 2000-12-15 |
| HAUGEN, Tormod Reinton | Director | — | 1995-09-28 |
| HAUGEN, Wenche | Director | 2006-12-13 | 2007-12-12 |
| HAUSKEN, Kristian Bendik | Director | — | 1992-06-24 |
| HEMMENS, Philip Duncan | Director | 2022-05-02 | 2022-12-16 |
| HENDICOTT, David | Director | 2021-05-07 | 2024-05-08 |
| HIORTH, Peter Anton | Director | 1997-07-01 | 1999-09-14 |
| HOLHJEM, Arne | Director | 2000-09-22 | 2003-12-10 |
| JENSSEN, Erik-Sverre | Director | 1999-12-31 | 2001-12-12 |
| JOHANSEN, Jan-Arne | Director | 2018-11-01 | 2024-07-01 |
| JOHANSEN, Trond Erik | Director | 2003-12-10 | 2007-03-01 |
| JOSHI, Pankaj | Director | 2015-05-01 | 2018-07-20 |
| JOSHI, Pankaj | Director | 2014-09-15 | 2018-07-20 |
| KJOS-HANSSEN, Erik | Director | — | 1992-06-24 |
| KOUBEMBA, Lambert | Director | 2012-01-23 | 2015-03-26 |
| KRAKENES, Vidar | Director | 2012-01-23 | 2015-03-26 |
| LANDRUM, John Allen | Director | 1991-12-14 | 1992-04-01 |
| LANGGARD, Finn | Director | 1999-12-31 | 2004-12-15 |
| LANGOEN, Jan Terje | Director | 2004-04-01 | 2010-11-15 |
| LINDHOLT, Geir Egil | Director | 1992-10-09 | 1993-04-22 |
| LUHR, Aksel | Director | 1995-12-01 | 2012-01-23 |
| LUNDE, Tore | Director | 1993-06-24 | 1995-12-31 |
| LYCKE, Anne Strommen | Director | 1998-12-17 | 1999-12-31 |
| MACCAGNI, Agostino | Director | 2005-12-14 | 2009-03-18 |
| MAGELSSEN, Hans Christian | Director | 2007-12-12 | 2014-04-01 |
| MALGARI, Paolo | Director | 2020-07-15 | 2022-05-02 |
| MCCONNELL, Merwin Hoyt | Director | — | 1991-12-13 |
| MICHELET, Christian Fredrick | Director | — | 1993-05-09 |
| MIRABELLI, Giuseppe | Director | 1994-12-15 | 2000-12-13 |
| MULS, Jean-Michel Henry Fernand | Director | 1995-09-01 | 1997-07-01 |
| NAESGAARD, Bjorn Arne | Director | 1996-01-01 | 1996-12-02 |
| NAESGAARD, Bjorn Arne | Director | 1991-12-12 | 1995-12-31 |
| NOTTE, Guy | Director | 1995-09-01 | 1997-09-01 |
| NOTTE, Guy | Director | 1992-10-08 | 1995-08-01 |
| OLLESTAD, Helge | Director | 1992-10-08 | 2000-12-15 |
| OPIZZI, Martina | Director | 2020-07-15 | 2022-05-02 |
| OPPEBOEN, Kjell Arne | Director | 1995-09-29 | 1997-03-13 |
| ORBAN, Pierre Paul Joseph | Director | — | 1995-08-01 |
| OVERLAND, Hoye | Director | 2001-12-12 | 2006-12-13 |
| PARKER, Billy Zane | Director | 1996-02-01 | 1997-10-01 |
| PEDERSEN, Frank Dinhoff | Director | 1997-03-14 | 1999-12-31 |
| PEDERSEN, Tor-Ivar Wennerlund | Director | — | 1992-09-17 |
| PULITI, Alessandro | Director | 2010-12-15 | 2012-01-23 |
| ROGNLIEN, Terje | Director | 1996-12-03 | 2000-06-21 |
| SANDSTAD, Brage | Director | 2005-01-01 | 2013-04-05 |
| SANNER, Dag Oeyvind | Director | 2015-10-31 | 2021-05-07 |
| SEGER, Mark John | Director | 2018-11-30 | 2020-04-02 |
| SHEETS, Jeffrey Wayne | Director | 1996-12-03 | 1997-12-10 |
| SORAS, Helge | Director | — | 1994-09-28 |
| SORENSEN, Kjell Thorvald | Director | 2004-12-15 | 2006-12-13 |
| STANGELAND, Ole Morten | Director | 2014-04-01 | 2014-09-15 |
| STAPES, Jon Magnes | Director | 2015-05-01 | 2018-07-20 |
| STAPNES, Jon Magne | Director | 2015-05-01 | 2018-07-20 |
| STEFANI, Leonardo | Director | 2009-03-18 | 2010-12-15 |
| SUND, Bjorn Arne | Director | 1993-04-23 | 1995-09-28 |
| TAKLA, Lars Arne | Director | 1997-10-01 | 2005-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Norpipe Terminal Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-12 | Active |
| Conocophillips Petroluem Company U.K. Limited | Corporate entity | Shares 25–50% | 2016-06-30 | Ceased 2018-09-12 |
Filing timeline
Last 20 of 411 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-14 | AA | accounts | Accounts with accounts type full | |
| 2025-06-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-07-15 | CH01 | officers | Change person director company with change date | |
| 2024-07-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-15 | AA | accounts | Accounts with accounts type full | |
| 2023-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-31 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.