BOSKALIS SUBSEA SERVICES LIMITED
Formerly known as Bibby Offshore, the company operates as a UK subsidiary of the Boskalis group, providing subsea construction, diving, and maintenance services to the offshore energy industry.
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Cash
£1.2m
-14.6% lowest in 3 filed years
Net assets
£80m
+7.8% highest in 3 filed years
Employees
252
+3.3% highest in 3 filed years
Profit before tax
£11m
-72.3% lowest in 3 filed years
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 | £235,003,000 | £305,646,000 | £272,039,000 | -11% | |
| Operating profit | £24,896,000 | £40,046,000 | £11,546,000 | -71.2% | |
| Profit before tax | £24,513,000 | £39,819,000 | £11,013,000 | -72.3% | |
| Net profit | £22,033,000 | £33,493,000 | £5,788,000 | -82.7% | |
| Cash | £1,339,000 | £1,399,000 | £1,195,000 | -14.6% | |
| Total assets less current liabilities | £59,460,000 | £140,110,000 | £133,437,000 | -4.8% | |
| Net assets | £41,138,000 | £74,631,000 | £80,419,000 | +7.8% | |
| Equity | £41,138,000 | £74,631,000 | £80,419,000 | +7.8% | |
| Average employees | 231 | 244 | 252 | +3.3% | |
| Wages | £18,128,000 | £20,095,000 | £20,496,000 | +2% | |
| Directors' remuneration | £418,000 | £433,000 | £600,000 | +38.6% | |
| Directors' pension contributions | £10,000 | £22,000 | — | — | |
| Highest paid director | £418,000 | £433,000 | £600,000 | +38.6% |
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 | 10.6% | 13.1% | 4.2% | |
| Net margin | 9.4% | 11.0% | 2.1% | |
| Return on capital employed | 41.9% | 28.6% | 8.7% | |
| Gearing (liabilities / total assets) | 54.6% | 60.0% | 56.9% | |
| Current ratio | 3.15x | 2.28x | 1.84x | |
| Interest cover | 29.92x | 23.41x | 3.92x |
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
- BOSKALIS SUBSEA SERVICES LIMITED 2021-01-21 → present
- REVER OFFSHORE UK LIMITED 2018-11-30 → 2021-01-21
- BIBBY OFFSHORE LIMITED 2003-07-30 → 2018-11-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have formed the judgement that at the time of approving the financial statements, the Company has adequate cash and liquid resources to continue in operational existence for the foreseeable future based on the current operating climate. For this reason, the going concern basis continues to be adopted in preparing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAMERON, Stuart Ian | Director | 2021-01-18 | Jan 1974 | British |
| GERRARD, Neil Stuart | Director | 2026-05-21 | Dec 1979 | Scottish |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIBBY BROS. & CO. (MANAGEMENT) LIMITED | Corporate Secretary | 2003-07-30 | 2018-01-17 |
| BARNEY, Jane Martin | Director | 2021-01-18 | 2024-10-18 |
| BESSELL, Mark John | Director | 2018-06-11 | 2019-05-31 |
| BIBBY, Michael James, Sir | Director | 2008-01-01 | 2010-07-01 |
| BRYCE, Robert Campbell | Director | 2019-04-01 | 2021-01-18 |
| CLARK, Charles Gordon | Director | 2007-10-01 | 2009-11-30 |
| DUNCAN, Andrew | Director | 2015-04-01 | 2018-02-14 |
| EDWARDS, Alan Owen | Director | 2013-07-01 | 2017-04-13 |
| ETHERSON, Nichola | Director | 2013-09-09 | 2020-01-03 |
| FORSYTH, David James | Director | 2015-04-01 | 2019-03-31 |
| FORSYTH, David James | Director | 2008-01-01 | 2010-07-01 |
| GOLDING, Sean Thomas | Director | 2006-01-01 | 2008-04-24 |
| GREEN, Cyril Joseph | Director | 2004-11-01 | 2010-07-01 |
| HAYMER, Jonathan | Director | 2008-01-01 | 2010-07-01 |
| HUGHES, John Howard | Director | 2006-01-01 | 2011-01-01 |
| HUGHES, Peter | Director | 2006-01-01 | 2015-12-31 |
| KITCHEN, Simon Jeremy | Director | 2005-03-01 | 2008-01-01 |
| MACLEOD, Barry John | Director | 2011-01-17 | 2021-08-31 |
| MOONIE, Fraser John | Director | 2006-01-01 | 2017-03-20 |
| MORGAN, Darren William | Director | 2011-12-05 | 2014-12-31 |
| MULDER, Jan Jakob Johannes | Director | 2024-11-21 | 2026-05-21 |
| OSBORNE, Jonathan | Director | 2003-07-30 | 2006-01-01 |
| PREECE, Mark Alfred | Director | 2003-07-30 | 2004-01-31 |
| SHEEHAN, Timothy William | Director | 2003-08-11 | 2005-02-04 |
| STEWART, Neale John | Director | 2010-09-01 | 2020-01-03 |
| STEWART, Neale John | Director | 2010-04-12 | 2010-07-01 |
| WOOD, Graeme | Director | 2013-06-01 | 2019-04-10 |
| WOODCOCK, Howard Dennis | Director | 2005-01-24 | 2018-06-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hal Trust | Corporate entity | Shares 75–100% | 2022-09-20 | Ceased 2022-09-20 |
| Boskalis Subsea North Star Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-22 | Active |
| Rever Offshore International Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-12-22 |
Filing timeline
Last 20 of 258 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-01-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-23 | AA | accounts | Accounts with accounts type full | |
| 2026-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-09-16 | CH01 | officers | Change person director company with change date | |
| 2024-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-12-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-08-05 | AA | accounts | Accounts with accounts type full | |
| 2022-06-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-01-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-01-11 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.