FRANK'S INTERNATIONAL LIMITED
Operating as a subsidiary of Expro Group Holdings N.V., the company provides tubular, casing, and well construction support services for the petroleum and natural gas extraction industries.
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Cash
£855K
USD 1,138,000
+36% vs 2023
Net assets
-£34M
USD -45,327,000
-6.6% vs 2023
Employees
92
-21.4% vs 2023
Profit before tax
-£2.1M
USD -2,748,000
+39.7% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £14,013,380 | £11,858,227 | -15.4% | |
| Operating profit | -£3,037,661 | -£1,341,051 | +55.9% | |
| Profit before tax | -£3,427,047 | -£2,065,699 | +39.7% | |
| Net profit | -£3,674,359 | -£2,104,788 | +42.7% | |
| Cash | £629,181 | £855,446 | +36% | |
| Total assets less current liabilities | -£12,656,544 | -£14,443,359 | -14.1% | |
| Net assets | -£31,967,977 | -£34,072,766 | -6.6% | |
| Equity | -£31,967,977 | -£34,072,766 | -6.6% | |
| Average employees | 117 | 92 | -21.4% | |
| Wages | £4,372,698 | £1,529,730 | -65% | |
| Directors' remuneration | — | — | — |
Figures converted to GBP from USD at 0.752 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 |
|---|---|---|---|
| Operating margin | -21.7% | -11.3% | |
| Net margin | -26.2% | -17.7% | |
| Current ratio | 0.73x | 0.74x | |
| Interest cover | -7.80x | -1.82x |
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 2 times since incorporation
- FRANK'S INTERNATIONAL LIMITED 1989-10-23 → present
- FRANK'S CASING CREWS (UK) LIMITED 1986-09-18 → 1989-10-23
- VASTAIM LIMITED 1986-05-01 → 1986-09-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements for the Company have been prepared on a going concern basis which the directors believe to be appropriate after considering the outlook of the company despite the net liabilities of $45.3m as at 31st December 2024, (2023: $42.5m). The company will have continued access to the Group's cash pooling arrangements, therefore deem it appropriate to prepare the financial statements on the going concern basis.”
Group structure
- FRANK'S INTERNATIONAL LIMITED · parent
- Franks International Gmbh 100%
- Frank's France SARL 100%
- Frank's International S.R.L. 95%
- Integrated Services (Intl) Limited 100%
- Franks Tubulars International Ltd. 100%
- Gulf Oil Middle East Co. 95%
Significant events
- “On 6th September, 2024, the company has entered into Share Purchase Agreement (SPA) with Expro Norway Holdings A.S. "EHNAS" incorporated in Norway under the company registration number 991954023 (another entity within the Expro Group), to transfer its entire of share capital (100%) in Franks's International A.S. (FIAS) a wholly-owned subsidiary, incorporated in Norway with company registration number 972421480 to EHNAS for a consideration of $2,500,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELEY, Sarah Louise | Secretary | 2022-04-21 | — | — |
| FARLEY, Iain David | Director | 2023-05-05 | Apr 1970 | British |
| MCALISTER, Lewis John Woodburn | Director | 2022-03-02 | May 1966 | British |
| PALEY, Carole | Director | 2022-03-02 | Oct 1965 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNETT & REID | Corporate Secretary | 1992-03-31 | 2012-09-30 |
| BURNETT & REID LLP | Corporate Secretary | 2012-10-01 | 2022-04-21 |
| ANDRES, Robert Joseph | Director | — | 1993-09-28 |
| CESTERO, Alejandro | Director | 2018-02-27 | 2018-07-01 |
| COUGLE, Melissa | Director | 2019-06-01 | 2022-02-24 |
| FORBES, Charles Alexander | Director | 2018-02-27 | 2021-12-30 |
| GREMILLION, Maximillian Sylvan | Director | — | 1997-04-29 |
| MACKENZIE, Colin James | Director | 2022-03-02 | 2023-05-05 |
| MCCLURE, Kyle Francis | Director | 2018-02-27 | 2019-06-01 |
| MOSING, Donald Keith | Director | — | 2016-07-01 |
| SIBILLE, Patrick Neil | Director | — | 2022-03-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Expro Group Holdings N.V. | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 164 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-17 MA Memorandum articles
- 2025-07-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-07-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-17 | MA | incorporation | Memorandum articles | |
| 2025-07-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full | |
| 2024-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-27 | AA | accounts | Accounts with accounts type full | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-09 | AA | accounts | Accounts with accounts type full | |
| 2022-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-14 | CH01 | officers | Change person director company with change date | |
| 2022-04-25 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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.