BLUEWATER SERVICES (UK) LIMITED
Operating as the UK subsidiary of the Dutch Bluewater Energy Services group, the company provides support activities for petroleum and natural gas extraction.
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Cash
—
Latest balance sheet
Net assets
£13M
+6% highest in 3 filed years
Employees
47
0% vs 2024
Profit before tax
£959K
+14.3% vs 2024
Net assets
3-year trend · vs Energy 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 | £7,341,000 | £7,742,000 | £8,414,000 | +8.7% | |
| Operating profit | £818,000 | £780,000 | £904,000 | +15.9% | |
| Profit before tax | £4,815,000 | £839,000 | £959,000 | +14.3% | |
| Net profit | £4,869,000 | £658,000 | £751,000 | +14.1% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £11,770,000 | £12,428,000 | £13,179,000 | +6% | |
| Net assets | — | £12,428,000 | £13,179,000 | +6% | |
| Equity | £11,770,000 | £12,428,000 | £13,179,000 | +6% | |
| Average employees | 46 | 47 | 47 | 0% | |
| Wages | £3,409,000 | £3,613,000 | £3,790,000 | +4.9% | |
| Directors' remuneration | £0 | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — 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 | 11.1% | 10.1% | 10.7% | |
| Net margin | 66.3% | 8.5% | 8.9% | |
| Return on capital employed | 6.9% | 6.3% | 6.9% | |
| Gearing (liabilities / total assets) | — | 5.1% | 10.1% | |
| Current ratio | 9.01x | 13.85x | 7.27x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the financial position and the expected trading outlook, the directors have developed a reasonable expectation that the company will continue as a going concern for the foreseeable future. Accordingly, the financial statements are prepared under the going concern basis.”
Group structure
- BLUEWATER SERVICES (UK) LIMITED · parent
- Bluewater (Floating Production) Limited 100%
- Pierce Production Company Limited 100%
- Bluewater Lancaster Production (UK) Limited 100%
Significant events
- “The 2026 Iran war began on 28 February 2026, when the United States and Israel launched surprise airstrikes on multiple sites and cities across Iran, targeted at Iran's Supreme Leader and numerous other Iranian officials. Iran has retaliated by striking multiple countries in the Middle East with aerial attacks and restricting passage for vessels through the Strait of Hormuz. There is no clear end-sight yet to the still developing situation. Management has concluded the impact on its ongoing business in terms of war risks, financial risks and legal risks is benign at the company level. Management has concluded the same at the Group level, as the Iran war is not negatively impacting the Group's business outlook in a material way.”
- “For the bareboat charter agreement for the FPSO vessel Aoka Mizu, vessel owner Bluewater (Aoka Mizu) B.V. issued a notice of termination at the end of February 2026 to its respective customer to terminate the agreement by May 31, 2026. Thereby the POSA contract for subsidiary company Bluewater Lancaster Production (UK) Limited, representing the sole commercial contract of this subsidiary, will also end simultaneously. No other commercial opportunities for this subsidiary are foreseen. It is expected the company will be wound up in the year 2027 after settling any remaining contractual arrangements, however no formal plan to wind up the company exists at the date of this report”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VAN DE KORPUT, Adriaan Petrus | Director | 2017-11-02 | Mar 1958 | Dutch |
| VAN DER LAAN, Arie Adrianus | Director | 2018-01-12 | Aug 1966 | Dutch |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWER, Edwin Matthew | Secretary | 2006-04-25 | 2009-03-13 |
| PRITCHARD, Trevor | Secretary | 2003-09-22 | 2005-05-25 |
| WILLIAMS, Peter John | Secretary | 2005-05-25 | 2006-04-25 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-09-17 | 1996-09-17 |
| WFW LEGAL SERVICES LIMITED | Corporate Secretary | 1996-09-17 | 2003-09-22 |
| BOWER, Edwin Matthew | Director | 2009-03-01 | 2009-10-08 |
| DATEMA, Geert | Director | 2015-07-06 | 2017-11-02 |
| DE KLERK, Maarten Arnout | Director | 2009-06-18 | 2015-07-06 |
| DEVILEE, Robertus Leonardus | Director | 2014-01-13 | 2015-09-11 |
| FROWEIN, Werner Karel | Director | 2015-09-11 | 2018-01-12 |
| HARDEBOL, Jeroen | Director | 2009-10-08 | 2014-01-13 |
| ROSS, Ian Wray Munro | Director | 1996-10-29 | 2012-06-30 |
| VAN DE KORPUT, Adriaan Petrus | Director | 2003-11-01 | 2009-06-18 |
| VAN TIGGELHOVEN, Willem Johannes | Director | 1996-09-17 | 1999-12-30 |
| ZOON, Ruud Boudewijn | Director | 2000-01-01 | 2003-11-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 180 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-31 | AA | accounts | Accounts with accounts type full | |
| 2025-11-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-15 | AA | accounts | Accounts with accounts type full | |
| 2025-03-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-11 | AA | accounts | Accounts with accounts type full | |
| 2023-10-13 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-10-11 | SH20 | capital | Legacy | |
| 2023-10-11 | CAP-SS | insolvency | Legacy | |
| 2023-10-11 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-24 | AA | accounts | Accounts with accounts type full | |
| 2022-11-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-13 | AA | accounts | Accounts with accounts type full | |
| 2021-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-23 | AA | accounts | Accounts with accounts type full | |
| 2021-02-25 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.