SUBSEA LEASING LIMITED
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Cash
£23m
USD 29,606,000
Latest balance sheet
Net assets
£69m
USD 88,092,000
Equity attributable
Employees
0
Average over period
Profit before tax
£17m
USD 21,893,000
Period ending 2023-12-31
Net assets
1-year trend · vs Energy median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £51,365,704 | — | |
| Operating profit | £21,576,718 | — | |
| Profit before tax | £17,173,674 | — | |
| Net profit | £12,881,236 | — | |
| Cash | £23,224,035 | — | |
| Total assets less current liabilities | £116,553,969 | — | |
| Net assets | £69,102,604 | — | |
| Equity | £69,102,604 | — | |
| Average employees | 0 | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
Figures converted to GBP from USD at 0.784 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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 |
|---|---|---|
| Operating margin | 42.0% | |
| Net margin | 25.1% | |
| Return on capital employed | 18.5% | |
| Gearing (liabilities / total assets) | 45.7% | |
| Current ratio | 2.46x | |
| Interest cover | 4.07x |
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
- SUBSEA LEASING LIMITED 2010-01-15 → present
- STENA SUBSEA LEASING LIMITED 2004-09-08 → 2010-01-15
- MAXIFLAIR LIMITED 1988-10-28 → 2004-09-08
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The directors have forecast the expected cash requirements for the company for at least the next twelve months and are confident that these can be met. Based on this, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “The current ongoing conflict in the Middle East has had no major consequence on the company's operations to date. The long-term effects are expected to be largely limited as long as the conflict is geographically contained. Should this change, the impact on the business could be extensive.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WYNESS, Stuart Maxwell | Secretary | 2011-03-31 | — | — |
| CLAESSON, Peter | Director | 2008-03-14 | Sep 1965 | Swedish |
| HULT, Dora Annika Melville | Director | 2021-02-22 | Apr 1973 | Swedish |
| RONSBERG, Erik Bergsvein | Director | 2016-03-31 | Nov 1972 | British |
| WYNESS, Stuart Maxwell | Director | 2018-02-23 | Jul 1971 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASSITER, Harry Stephen | Secretary | — | 1995-04-27 |
| COWIE, George Albert | Secretary | 1995-11-27 | 2011-03-31 |
| MATTIUZZO, Mauro | Secretary | 1995-04-27 | 1995-11-27 |
| ASSITER, Harry Stephen | Director | — | 1995-01-20 |
| BANKS, John Owen | Director | 2009-11-06 | 2016-10-10 |
| CARLSSON, Svante Wilhelm | Director | — | 2008-03-14 |
| HULTGREN, Staffan Werner | Director | 2005-11-25 | 2021-02-22 |
| OLOFSSON, Peter | Director | — | 2005-11-25 |
| WELO, Tom Peter Andreas Wiel | Director | 2009-11-06 | 2016-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stena Drilling (Holdings) Limited | Corporate entity | Significant influence | 2016-06-01 | Active |
Filing timeline
Last 20 of 124 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2024-11-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-12 | AA | accounts | Accounts with accounts type full | |
| 2023-11-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-17 | AA | accounts | Accounts with accounts type full | |
| 2023-04-06 | SH01 | capital | Capital allotment shares | |
| 2022-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-24 | AA | accounts | Accounts with accounts type full | |
| 2022-05-11 | CH01 | officers | Change person director company with change date | |
| 2021-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-08-06 | AA | accounts | Accounts with accounts type full | |
| 2021-04-01 | CH01 | officers | Change person director company with change date | |
| 2021-02-22 | AP01 | officers | Appoint person director company with name date | |
| 2021-02-22 | TM01 | officers | Termination director company with name termination date | |
| 2020-11-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-04 | AA | accounts | Accounts with accounts type full |
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.