2H OFFSHORE ENGINEERING LIMITED

• ⚠

  Material uncertainty over going concern

  At 31 December 2024, the company had net current liabilities of £4,672,000 and recorded a loss after tax of £887,000 for the year then ended. The company participates in a group treasury arrangement and its cash flow forecasts are consequently dependent on the company's parent undertaking, Project Santis Omega Bidco Limited to make available funds as needed by the company. Project Santis Omega Bidco Limited has agreed to provide financial support to enable the company to meet its objectives as and when they fall due for a period of at least 12 months from the date of approval of the financial statements.

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

  -13.9%

  £10,010,000 → £8,619,000

• Cash

  —

  Not reported

• Net assets

  -56.6%

  -£1,566,000 → -£2,453,000

• Employees

  +5.3%

  76 → 80

• Operating profit

  -198.1%

  £586,000 → -£575,000

• Profit before tax

  -241.3%

  £797,000 → -£1,126,000

• Wages

  +12.8%

  £4,388,000 → £4,948,000

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“At 31 December 2024, the company had net current liabilities of £4,672,000 and recorded a loss after tax of £887,000 for the year then ended. The company participates in a group treasury arrangement and its cash flow forecasts are consequently dependent on the company's parent undertaking, Project Santis Omega Bidco Limited to make available funds as needed by the company. Project Santis Omega Bidco Limited has agreed to provide financial support to enable the company to meet its objectives as and when they fall due for a period of at least 12 months from the date of approval of the financial statements.”

Group structure

1. 2H OFFSHORE ENGINEERING LIMITED · parent
   1. 2H Offshore Projetos Limitada 0.99% · Brazil
   2. 2H Offshore Engineering Sdn Bhd 0.3% · Malaysia
   3. 2H Offshore Engineering Pty Ltd 1% · Australia
   4. 2H Offshore (Asia Pacific) Sdn Bhd 1% · Malaysia

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

Filings

5

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.