TAM INTERNATIONAL NORTH SEA 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

  -22.6%

  £25,586,459 → £19,805,092

• Cash

  +30.2%

  £3,422,358 → £4,455,096

• Net assets

  -3.6%

  £25,104,773 → £24,198,788

• Employees

  0%

  29 → 29

• Operating profit

  -49.1%

  £6,095,252 → £3,100,251

• Profit before tax

  -49.3%

  £6,176,594 → £3,131,014

• Wages

  +6%

  £2,380,957 → £2,523,304

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. TAM INTERNATIONAL NORTH SEA LIMITED 1985-01-23 → present
2. TAM NORTH SEA LIMITED 1984-12-12 → 1985-01-23

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

AAB Audit & Accountancy Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group has a strong cash position, and with the financial support of the parent entity, the directors have reasonable expectation that the Group have adequate financial resource to continue in operation for the foreseeable future and have therefore prepared the financial statements on a going concern basis. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The directors, having made due and careful enquiry and preparing forecasts, are in the opinion that the Company and Group have adequate working capital to execute its operations over the next 12 months.”

Group structure

1. TAM INTERNATIONAL NORTH SEA LIMITED · parent
   1. TAM International Norway AS 100% · Norway

Significant events

• “Revenue is lower than in prior years which was partly expected due to some high value projects completing and new projects being delayed. Lower revenues have resulted in lower profits.”
• “The directors are currently monitoring the ongoing conflict in the Middle East which to date hasn't restricted the ability to trade in that region but presents uncertainty around practical matters such as logistics and shipping of products.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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