TAM INTERNATIONAL NORTH SEA LIMITED
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Cash
£4.5M
+30.2% vs 2024
Net assets
£24M
-3.6% vs 2024
Employees
29
0% vs 2024
Profit before tax
£3.1M
-49.3% vs 2024
Net assets
4-year trend · vs Energy median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-04-30
| Metric | Trend | 2020-04-30 | 2021-04-30 | 2024-04-30 | 2025-04-30 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £25,586,459 | £19,805,092 | -22.6% | |
| Operating profit | — | — | £6,095,252 | £3,100,251 | -49.1% | |
| Profit before tax | — | — | £6,176,594 | £3,131,014 | -49.3% | |
| Net profit | -£3,046,997 | -£54,270 | £4,520,498 | £2,187,558 | -51.6% | |
| Cash | £3,982,920 | £5,271,173 | £3,422,358 | £4,455,096 | +30.2% | |
| Total assets less current liabilities | £20,941,312 | £20,897,138 | £25,408,819 | £24,439,848 | -3.8% | |
| Net assets | — | — | £25,104,773 | £24,198,788 | -3.6% | |
| Equity | £20,938,907 | £20,884,637 | £25,104,773 | £24,198,788 | -3.6% | |
| Average employees | 0 | 0 | 29 | 29 | 0% | |
| Wages | — | — | £2,380,957 | £2,523,304 | +6% | |
| Directors' remuneration | — | — | £214,000 | £286,030 | +33.7% |
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 | 2020-04-30 | 2021-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|
| Operating margin | — | — | 23.8% | 15.7% | |
| Net margin | — | — | 17.7% | 11.0% | |
| Return on capital employed | — | — | 24.0% | 12.7% | |
| Current ratio | — | — | 8.95x | 7.11x |
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 1 time since incorporation
- TAM INTERNATIONAL NORTH SEA LIMITED 1985-01-23 → present
- TAM NORTH SEA LIMITED 1984-12-12 → 1985-01-23
Audit & accounting basis
- 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
- TAM INTERNATIONAL NORTH SEA LIMITED · parent
- TAM International Norway AS 100%
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
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RAEBURN CHRISTIE CLARK & WALLACE LLP | Corporate Secretary | 2019-08-01 | — | — |
| SANFORD, John Lawrence | Director | 2021-11-17 | Mar 1991 | American |
| SANFORD, Lawrence Bentley | Director | — | Dec 1955 | American |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RAEBURN CHRISTIE CLARK & WALLACE | Corporate Secretary | — | 2019-07-31 |
| JENSEN, Lloyd Ioan | Director | — | 1993-12-31 |
| SANFORD, Larry | Director | — | 2012-04-30 |
| SCARDINO, Robert Albert | Director | — | 1996-08-12 |
| SCOTT, Steven Robert | Director | — | 2021-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lawrence Bentley Sanford | Individual | Shares 25–50%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 119 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-30 | AA | accounts | Accounts with accounts type group | |
| 2024-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-22 | AA | accounts | Accounts with accounts type group | |
| 2023-09-25 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-26 | AA | accounts | Accounts with accounts type group | |
| 2022-09-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-31 | AA | accounts | Accounts with accounts type group | |
| 2021-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-05 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-29 | AA | accounts | Accounts with accounts type group | |
| 2020-09-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-17 | AA | accounts | Accounts with accounts type group | |
| 2019-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-08-09 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2019-08-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2018-10-25 | AA | accounts | Accounts with accounts type group |
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.