SUBSEA INNOVATION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-04 (in 10mo)
Last made up 2026-02-18
Watchouts
Cash
£145K
Latest balance sheet
Net assets
£1M
Equity attributable
Employees
38
Average over period
Profit before tax
-£643K
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-10-01 | 2023-09-30 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £4,275,170 | £7,303,665 | |
| Operating profit | — | -£1,364,148 | -£638,076 | |
| Profit before tax | — | -£1,374,202 | -£642,978 | |
| Net profit | — | -£1,378,469 | -£440,238 | |
| Cash | — | £191,166 | £145,416 | |
| Total assets less current liabilities | — | £3,343,652 | £1,099,790 | |
| Net assets | — | £1,432,646 | £1,063,608 | |
| Equity | £2,800,115 | £1,432,646 | £1,063,608 | |
| Average employees | — | 40 | 38 | |
| Wages | — | £1,973,000 | £2,217,701 | |
| Directors' remuneration | — | £216,000 | £92,826 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-09-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-10-01 | 2023-09-30 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | -31.9% | -8.7% | |
| Net margin | — | -32.2% | -6.0% | |
| Return on capital employed | — | -40.8% | -58.0% | |
| Current ratio | — | 0.95x | 1.48x | |
| Interest cover | — | -135.68x | -130.17x |
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 3 times since incorporation
- SUBSEA INNOVATION LIMITED 2011-12-13 → present
- TEKMAR SUBSEA LIMITED 2007-02-06 → 2011-12-13
- TEKMAR (UK) LIMITED 1997-02-14 → 2007-02-06
- SEALTECH LIMITED 1995-10-05 → 1997-02-14
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Anderson Anderson & Brown Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that the company has adequate resources available to continue in operational existence for the foreseeable future. As a result, the directors have contributed to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “There have been no significant events affecting the company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHARLES, Martin Ian George | Director | 2024-05-02 | Oct 1962 | British |
| GANDHI, Himanshu Suresh | Director | 2024-05-02 | Mar 1961 | Indian |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MACKIE, Nicholas Charles | Secretary | 2024-05-02 | 2025-05-26 |
| RITCHIE BLAND, Hazel | Secretary | 1995-10-05 | 2014-12-24 |
| SCOTT, Stephen John | Nominee Secretary | 1995-10-05 | 1995-10-05 |
| BULMER, Derek | Director | 2021-06-01 | 2023-03-31 |
| CONLON, Gordon | Director | 2011-02-15 | 2012-03-01 |
| HEATHCOCK, John Philip | Director | 2012-10-01 | 2017-09-15 |
| HEATHCOCK, John Philip | Director | 2011-03-03 | 2011-09-30 |
| HURST, Susan Ann | Director | 2018-09-14 | 2021-11-30 |
| LAVELLE, Paul | Director | 1996-12-01 | 2007-07-04 |
| MACDONALD, Alasdair, Mr. | Director | 2018-09-14 | 2024-05-02 |
| MOON, Martin John | Director | 2012-06-01 | 2016-06-21 |
| RITCHIE BLAND, Gary | Director | 1995-10-05 | 2018-09-14 |
| RITCHIE-BLAND, James Thomas | Director | 2018-09-14 | 2020-08-20 |
| RITCHIE-BLAND, James Thomas | Director | 2015-12-22 | 2017-01-06 |
| SCOTT, Jacqueline | Nominee Director | 1995-10-05 | 1995-10-05 |
| THOMPSON, David Andrew | Director | 2014-10-27 | 2024-05-02 |
| TURNER, Colin Geoffrey | Director | 2011-02-15 | 2011-09-30 |
| WILKINSON, Leanne | Director | 2023-03-31 | 2024-05-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Unique System (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-05-02 | Active |
| Tekmar Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-14 | Ceased 2024-05-02 |
| Mr Gary Ritchie-Bland | Individual | Shares 75–100% | 2016-04-06 | Ceased 2018-09-14 |
Filing timeline
Last 20 of 170 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-28 | AA | accounts | Accounts with accounts type full | |
| 2025-05-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-27 | AA | accounts | Accounts with accounts type full | |
| 2024-08-19 | AA01 | accounts | Change account reference date company current extended | |
| 2024-05-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-31 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.