ALTERA PRODUCTION UK LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -4.8%

  £8,685,056 → £8,267,175

• Cash

  -62.6%

  £731,853 → £273,604

• Net assets

  -3.8%

  £6,047,694 → £5,816,700

• Employees

  +16.4%

  55 → 64

• Operating profit

  +49%

  -£588,323 → -£299,768

• Profit before tax

  +60.6%

  -£586,828 → -£230,993

• Wages

  -11.8%

  £1,302,235 → £1,148,987

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.

1. ALTERA PRODUCTION UK LIMITED 2020-06-08 → present
2. TEEKAY PETROJARL UK LIMITED 2013-02-13 → 2020-06-08
3. GOLAR-NOR OFFSHORE (UK) LIMITED 1995-12-22 → 2013-02-13

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed, based on the anticipated activities of the Company, that there are adequate resources in place to meet the ongoing costs of the business for the period to 31 December 2026, which is a minimum of 12 months from the date of signing the financial statements.”

Significant events

• “In July 2025, the external bareboat contract for the Suksan Salamander FSO, with client Medco Energi Thailand (Bualuand) Limited, was novated to Clipper LLC and the internal bareboat contract between Clipper LLC and the Company was cancelled.”
• “In August 2025, Altera Infrastructure Holdings Limited entered into an agreement to sell its entire FPSO business to global investment firm Carlyle. The transaction is subject to customary closing conditions and regulatory approvals. The business to be acquired includes Altera Infrastructure FPSO Holdings Limited and Altera Infrastructure Production Holding Limited, together with all of their wholly-owned and non-wholly owned subsidiaries, including the Company. Upon completion of the sale, the Company will have a change in its ultimate parent.”

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.