SUBSEA 7 CREWING LIMITED
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Cash
—
Latest balance sheet
Net assets
£5.4m
USD 7,228,000
-47% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£2.5m
USD -3,350,000
+64.6% highest 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 | £351,342,019 | £388,943,012 | £380,406,679 | -2.2% | |
| Operating profit | -£6,827,814 | -£2,453,040 | £3,027,829 | +223.4% | |
| Profit before tax | -£8,594,412 | -£7,029,608 | -£2,486,085 | +64.6% | |
| Net profit | -£15,367,289 | -£9,909,265 | -£4,104,638 | +58.6% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £19,736,305 | £10,127,348 | — | — | |
| Net assets | £19,736,305 | £10,127,348 | £5,364,007 | -47% | |
| Equity | £19,736,305 | £10,127,348 | £5,364,007 | -47% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £686,705 | £693,251 | £768,831 | +10.9% | |
| Directors' pension contributions | £43,949 | £49,347 | £48,237 | -2.2% | |
| Highest paid director | £246,429 | £265,839 | £295,362 | +11.1% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | -1.9% | -0.6% | 0.8% | |
| Net margin | -4.4% | -2.5% | -1.1% | |
| Return on capital employed | -34.6% | -24.2% | — | |
| Gearing (liabilities / total assets) | 79.6% | 91.4% | 93.0% | |
| Current ratio | 0.56x | 0.43x | 0.49x | |
| Interest cover | -4.93x | -0.55x | 0.65x |
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.
Name history
Renamed 6 times since incorporation
- SUBSEA 7 CREWING LIMITED 2011-01-13 → present
- ACERGY CREWING LIMITED 2010-05-27 → 2011-01-13
- SEAWAY OFFSHORE LIMITED 2005-04-14 → 2010-05-27
- SEAWAY TECHNOLOGY LIMITED 1986-08-15 → 2005-04-14
- STOLT - NIELSEN SEAWAY (HOLDINGS) LIMITED 1982-03-18 → 1986-08-15
- STOLT-NIELSEN OFFSHORE (U.K.) LIMITED 1977-12-31 → 1982-03-18
- SEAWAY OFFSHORE (U.K.) LIMITED 1973-08-21 → 1977-12-31
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 consider that there are no significant doubts over the application of the going concern assumption and no disclosable material uncertainties which cast doubt upon the Company's ability to continue as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PEACE, Lorna Helen | Secretary | 2013-09-30 | — | — |
| ELLIS, Simon David | Director | 2015-01-01 | Feb 1975 | British |
| GIBSON, Colin | Director | 2020-10-01 | Dec 1965 | British |
| GORDON, John Alexander | Director | 2014-07-22 | Sep 1967 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAY, Gary George | Secretary | 2011-05-24 | 2013-09-30 |
| SMEETS, Ludovica Johanna Hubertina | Secretary | 2009-04-17 | 2011-05-24 |
| PAULL & WILLIAMSONS | Corporate Secretary | — | 1997-07-28 |
| SEAWAY OFFSHORE LIMITED | Corporate Secretary | 2009-04-17 | 2009-04-17 |
| SUBSEA 7 M.S. LIMITED | Corporate Secretary | 1997-07-28 | 2018-06-08 |
| CAILLEAUX, Gael Jean Marie | Director | 2010-02-12 | 2013-09-30 |
| GRAY, Gary George | Director | 2010-02-12 | 2014-07-11 |
| GRAY, Gary George | Director | 2004-12-06 | 2008-12-15 |
| GUTHRIE, Neil Gordon | Director | 2002-06-24 | 2008-07-31 |
| HIRST, Terence John | Director | 1994-03-01 | 2002-08-31 |
| HISLOP, Dean Evan | Director | 2008-12-15 | 2011-05-24 |
| MCCONNELL, James | Director | 2011-05-24 | 2014-07-22 |
| MCDONALD, Neil | Director | 2018-04-01 | 2020-10-01 |
| MCNEILL, Stephen Anthony | Director | 2013-09-30 | 2018-04-01 |
| MIKAELSEN, Oeyvind | Director | 2003-07-09 | 2008-12-15 |
| MILLER, Andrew Charles Watson | Director | 2008-12-15 | 2010-02-12 |
| SANDFORD, Anthony Julian | Director | — | 2002-06-24 |
| SIREVAAG, Helge Byhre | Director | 2004-12-06 | 2008-12-15 |
| SMEETS, Ludovica Johanna Hubertina | Director | 2008-12-15 | 2010-02-12 |
| TAME, Jonathan Richard | Director | 2014-07-22 | 2018-04-01 |
| TIPSON, Keith | Director | 2008-12-18 | 2011-05-24 |
| VOSSIER, Bernard Lucien | Director | — | 1994-03-01 |
| WEBSTER, Gary Roderick | Director | 2002-06-26 | 2003-07-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Subsea 7 International Holdings (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-06-30 | Active |
| Subsea 7 Senior Holdings (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2020-06-30 |
Filing timeline
Last 20 of 223 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-09 | AA | accounts | Accounts with accounts type full | |
| 2025-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-28 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-20 | AA | accounts | Accounts with accounts type full | |
| 2024-02-29 | CH01 | officers | Change person director company with change date | |
| 2023-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-29 | AA | accounts | Accounts with accounts type full | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-22 | AA | accounts | Accounts with accounts type full | |
| 2020-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2020-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2020-09-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-09-22 | AA | accounts | Accounts with accounts type full | |
| 2020-07-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-07-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2019-10-05 | AA | accounts | Accounts with accounts type full | |
| 2019-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.