ACCESSESP UK LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

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

• Turnover

  -50.4%

  £20,361,567 → £10,094,433

• Cash

  +225%

  £94,164 → £306,072

• Net assets

  +125.3%

  -£16,751,739 → £4,232,991

• Employees

  -80%

  5 → 1

• Operating profit

  +1,105.2%

  £1,810,508 → £21,820,164

• Profit before tax

  +1,114.3%

  £1,810,508 → £21,984,730

• Wages

  -100%

  £892,383 → £0

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. ACCESSESP UK LIMITED 2014-07-24 → present
2. ARTIFICIAL LIFT COMPANY LIMITED 2005-04-28 → 2014-07-24
3. PERFORMANCE OIL TOOLS LIMITED 2002-07-31 → 2005-04-28

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Moore (South) LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has obtained continuing financial support from an intermediate holding Company, Baker Hughes Holdings LLC to enable it to continue its business as a going concern and meet its obligations as and when they fall due.”

Group structure

1. ACCESSESP UK LIMITED · parent
   1. AccessESP Middle East DMCC 100% · United Arab Emirates
   2. AccessESP Arabia Co. for maintenance 95% · Saudi Arabia

Significant events

• “Revenue for the year at £10M, representing a decrease compared to prior year as the integration into the Baker Hughes Group progressed and activity shifted to other affiliate entities.”
• “Profit before tax for the year was £22M, higher than the previous year largely due to other income earned from the sale of intellectual property to a Baker Hughes affiliated entity as noted in the Director's report.”
• “Effective November 4, 2022, the entity was acquired by Baker Hughes Oilfield Operations LLC.”
• “On 19 September 2023, effective 1 January 2023, the company sold its intellectual property to a Baker Hughes affiliated entity for the value of $20,100,000, equivalent to £16,547,000.”

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.