PROSAFE OFFSHORE LIMITED
Get an alert when PROSAFE OFFSHORE LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-13 (in 9mo)
Last made up 2026-01-30
Watchouts
None on the register
Cash
£11M
+41.1% vs 2023
Net assets
£13M
+11.3% vs 2023
Employees
24
-11.1% vs 2023
Profit before tax
£1M
-3% vs 2023
Net assets
4-year trend · vs Energy median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £8,856,000 | £6,664,000 | |
| Operating profit | — | — | £1,419,000 | £1,379,000 | |
| Profit before tax | — | — | £1,399,000 | £1,357,000 | |
| Net profit | — | — | £1,399,000 | £1,357,000 | |
| Cash | — | — | £7,576,000 | £10,689,000 | |
| Total assets less current liabilities | — | — | £12,313,000 | £13,571,000 | |
| Net assets | — | — | £12,026,000 | £13,383,000 | |
| Equity | £8,723,000 | £10,627,000 | £12,026,000 | £13,383,000 | |
| Average employees | — | — | 27 | 24 | |
| Wages | — | — | £3,714,000 | £2,713,000 | |
| Directors' remuneration | — | — | £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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-24.8%
£8,856,000 £6,664,000
-
Cash
+41.1%
£7,576,000 £10,689,000
-
Net assets
+11.3%
£12,026,000 £13,383,000
-
Employees
-11.1%
27 24
-
Operating profit
-2.8%
£1,419,000 £1,379,000
-
Profit before tax
-3%
£1,399,000 £1,357,000
-
Wages
-27%
£3,714,000 £2,713,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 16.0% | 20.7% | |
| Net margin | — | — | 15.8% | 20.4% | |
| Return on capital employed | — | — | 11.5% | 10.2% | |
| Current ratio | — | — | 7.59x | 7.34x | |
| Interest cover | — | — | 70.95x | 62.68x |
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 2 times since incorporation
- PROSAFE OFFSHORE LIMITED 2001-05-25 → present
- SAFE SERVICE LIMITED 1997-04-08 → 2001-05-25
- NEARSUN LIMITED 1997-02-19 → 1997-04-08
Audit & accounting basis
- Accounting basis
- other
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company's revenue is wholly derived from its trade with other entities within the group headed by Prosafe SE ("the Group") and therefore the ability of the company to meet its financial obligations and trade as a going concern is dependent upon the financial position of the group. As set out in note 1.2 to the financial statements, the group agreed the terms of a recapitalisation (the "Transaction") with lenders representing the group's USD 250m loan facility and its USD 93m loan facility (the "Existing Facilities"). The transaction concluded on 21 July 2025 and consequently the company's financial statements have been prepared on the going concern basis.”
Significant events
- “The recapitalisation (the "Transaction") with lenders representing the group's USD 250m loan facility and its USD 93m loan facility (the "Existing Facilities") concluded on 21 July 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LC SECRETARIES LIMITED | Corporate Secretary | 2010-03-15 | — | — |
| MCNEEL, Reese Worth | Director | 2022-08-16 | Mar 1977 | American |
| STEWART, Ryan | Director | 2020-07-01 | Nov 1973 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FERGUSSON, Peter | Secretary | 1997-05-02 | 1998-04-22 |
| FIELD, Elizabeth | Secretary | 1997-03-12 | 1997-04-14 |
| LAIRD, Robin Thomas Dunlop | Secretary | 1997-04-14 | 1997-05-02 |
| NOROSE LIMITED | Corporate Secretary | 1998-04-22 | 2010-03-05 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1997-02-19 | 1997-03-12 |
| ARNESEN, Trygve | Director | 2001-10-29 | 2005-03-31 |
| AUSTREID, Arne | Director | 1999-05-24 | 2010-09-30 |
| BERGE, Jens | Director | 2017-11-24 | 2019-03-14 |
| CHRISTIANSEN, Stig Harry | Director | 2019-03-14 | 2022-04-27 |
| ERICSSON, Jan Christer, Captain | Director | 1997-03-12 | 1997-04-08 |
| FJELDE, Eirik | Director | 2022-04-27 | 2022-08-16 |
| HANSSON, Balder | Director | 1997-04-08 | 1998-03-31 |
| HENRIKSEN, Bjorn | Director | 2000-01-27 | 2001-10-29 |
| LAIRD, Robin Thomas Dunlop | Director | 1997-04-08 | 2020-07-01 |
| LOW, Khim Mong | Director | 2010-09-30 | 2014-05-07 |
| LUND, Reidar | Director | 1997-12-08 | 1999-05-24 |
| MCMILLAN, David | Director | 1997-04-08 | 1999-03-31 |
| MCMILLAN, James | Director | 1998-04-17 | 1999-03-31 |
| SCHULZ, Manfred Wilhelm | Director | 1997-04-08 | 2001-08-31 |
| VON MENTZER, Carl Mikael | Director | 1997-03-12 | 1997-12-08 |
| YOUNG, Ian | Director | 2014-05-07 | 2017-11-24 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1997-02-19 | 1997-03-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Prosafe Se | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-05-05 | Active |
| Prosafe (Uk) Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-05-05 |
Filing timeline
Last 20 of 147 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-08 | CH01 | officers | Change person director company with change date | |
| 2026-01-08 | CH01 | officers | Change person director company with change date | |
| 2025-08-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-09 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-22 | AA | accounts | Accounts with accounts type full | |
| 2023-02-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-16 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-16 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-26 | AA | accounts | Accounts with accounts type full | |
| 2022-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-05-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-04-28 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-28 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.