SUBSEA 7 WEST AFRICA CONTRACTING LIMITED
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Cash
£38k
USD 51,000
Latest balance sheet
Net assets
£6.3m
USD 8,432,000
+2.2% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£307k
USD 413,000
-19.6% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £0 | £5,560,758 | — | |
| Operating profit | -£13,378 | -£2,230 | -£141,955 | -6,265.7% | |
| Profit before tax | £338,907 | £382,014 | £306,949 | -19.6% | |
| Net profit | £258,640 | £286,882 | £136,009 | -52.6% | |
| Cash | — | — | £37,904 | — | |
| Total assets less current liabilities | £5,843,924 | £6,130,806 | £6,266,815 | +2.2% | |
| Net assets | £5,843,924 | £6,130,806 | £6,266,815 | +2.2% | |
| Equity | £5,843,924 | £6,130,806 | £6,266,815 | +2.2% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.743 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | — | -2.6% | |
| Net margin | — | — | 2.4% | |
| Return on capital employed | -0.2% | -0.0% | -2.3% | |
| Gearing (liabilities / total assets) | 1.4% | 1.5% | 26.5% | |
| Current ratio | 72.48x | 66.47x | 3.77x |
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 4 times since incorporation
- SUBSEA 7 WEST AFRICA CONTRACTING LIMITED 2011-01-12 → present
- ACERGY WEST AFRICA LIMITED 2006-01-23 → 2011-01-12
- STOLT OFFSHORE WEST AFRICA LIMITED 2005-07-28 → 2006-01-23
- ETPM (UK) LIMITED 1998-05-28 → 2005-07-28
- MCDERMOTT-ETPM (UK) LIMITED 1993-03-05 → 1998-05-28
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider that there are no significant doubts over the application of the going concern assumption and no disclosable material uncertainties which cast doubt upon the Company's ability to continue as a going concern.”
Significant events
- “On 24 July 2025, Subsea 7 S.A., the ultimate parent company of the Group, and Saipem S.p.A. announced that they have entered into a binding merger agreement, confirming the terms of the combination of the two companies, following on from the signing of the memorandum of understanding on 23 February 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PEACE, Lorna Helen | Secretary | 2011-10-26 | — | — |
| FULLGRABE, Beth Alexandra | Director | 2023-12-22 | Apr 1979 | Australian |
| HERRING, Richard Louis | Director | 2026-03-31 | Oct 1975 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHABAS, Bruno Yves Raymond | Secretary | 2000-05-22 | 2001-02-22 |
| GRAY, Gary George | Secretary | 2011-05-24 | 2011-10-26 |
| MANKOWSKI, Nicolas Joseph | Secretary | 1993-03-05 | 2000-05-22 |
| WILLOX, Gordon | Secretary | 2007-11-05 | 2011-05-24 |
| SUBSEA 7 M.S. LIMITED | Corporate Secretary | 2001-02-22 | 2018-06-08 |
| ATKINSON, Peter Stuart | Director | 1997-09-30 | 1998-04-03 |
| BERTIN, David Laurent Marie | Director | 2019-03-15 | 2021-06-28 |
| CARRE, Olivier Marc Marie | Director | 2011-05-24 | 2016-01-21 |
| CHABAS, Bruno Yves Raymond | Director | 2000-05-22 | 2005-04-01 |
| CROWE, Simon Paul | Director | 2009-11-04 | 2011-05-24 |
| DE ROISSARD, Henri Bruno | Director | 1993-06-03 | 1997-09-30 |
| EHRET, Thomas | Director | 2003-03-17 | 2005-04-01 |
| ELLIS, Simon David | Director | 2016-01-21 | 2018-09-14 |
| GORDON, John Alexander | Director | 2011-05-24 | 2018-09-14 |
| GRAY, Gary George | Director | 2011-05-24 | 2014-07-11 |
| HAYLOCK, James Richard | Director | 2018-09-14 | 2020-12-17 |
| JACKSON, Stuart Robert | Director | 2005-04-01 | 2009-07-13 |
| JONES, Mike John, Dr | Director | 2009-07-13 | 2009-11-04 |
| LABORIE, Pierre | Director | 1997-09-30 | 2000-05-22 |
| LEROUX, Joel | Director | 1997-09-30 | 2002-10-02 |
| MANKOWSKI, Nicolas Joseph | Director | 1997-09-30 | 2000-05-22 |
| OEHRLEIN, Fred Rickey | Director | 1997-09-30 | 1998-04-03 |
| PARFETT, Justin Richard | Director | 2018-09-14 | 2026-03-31 |
| PREECE, Mark Alfred | Director | 2009-04-28 | 2010-05-24 |
| RASMUSSEN, Johan | Director | 2005-04-01 | 2011-05-24 |
| RAWLE, Robert Harold | Director | 1997-09-30 | 1998-04-03 |
| RAYNOR, Mervyn William | Director | 1993-06-03 | 1997-09-30 |
| ROUBACH, Virginie Anne-Laure | Director | 2021-01-08 | 2023-12-22 |
| SHARLAND, Graham | Director | 2011-05-24 | 2013-10-11 |
| VINCENT, Henri Jean | Director | 1993-03-05 | 1997-09-30 |
| VOSSIER, Bernard Lucien | Director | 2000-05-22 | 2003-03-17 |
| WILDASIN, James Jones | Director | 1993-06-03 | 1996-09-04 |
| WILLIAMS, David Robert | Director | 2013-10-11 | 2021-01-08 |
| WILLOX, Gordon | Director | 2007-11-05 | 2011-05-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Subsea 7 International Holdings (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-06-30 | Active |
| Subsea 7 Senior Holdings (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2020-06-30 |
Filing timeline
Last 20 of 177 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type full | |
| 2026-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-16 | AA | accounts | Accounts with accounts type full | |
| 2025-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-24 | AA | accounts | Accounts with accounts type full | |
| 2024-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-29 | AA | accounts | Accounts with accounts type full | |
| 2023-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-15 | AA | accounts | Accounts with accounts type full | |
| 2022-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-28 | AA | accounts | Accounts with accounts type full | |
| 2021-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2021-03-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2021-01-13 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.