TGS GEOPHYSICAL COMPANY (UK) LIMITED
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Cash
£1.1m
USD 1,499,000
+4.9% vs 2024
Net assets
-£5.8m
USD -7,780,000
+73.4% highest in 3 filed years
Employees
75
+1.4% vs 2024
Profit before tax
£19m
USD 26,118,000
+521.1% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | £14,871,352 | £28,885,705 | £33,700,186 | +16.7% | |
| Operating profit | -£19,836,053 | -£1,021,172 | £20,003,711 | +2,058.9% | |
| Profit before tax | -£23,266,395 | -£4,602,833 | £19,382,560 | +521.1% | |
| Net profit | -£18,882,178 | -£5,736,230 | £14,471,985 | +352.3% | |
| Cash | £3,058,519 | £1,060,172 | £1,112,430 | +4.9% | |
| Total assets less current liabilities | -£12,415,281 | -£21,641,993 | -£5,773,655 | +73.3% | |
| Net assets | -£15,746,784 | -£21,713,626 | -£5,773,655 | +73.4% | |
| Equity | -£15,746,784 | -£21,713,626 | -£5,773,655 | +73.4% | |
| Average employees | 81 | 74 | 75 | +1.4% | |
| Wages | £7,350,173 | £7,534,225 | £6,636,735 | -11.9% | |
| Directors' remuneration | £515,375 | £514,167 | £587,013 | +14.2% | |
| Directors' pension contributions | £23,533 | £18,306 | £20,779 | +13.5% | |
| Highest paid director | £281,613 | £514,167 | £587,013 | +14.2% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | -133.4% | -3.5% | 59.4% | |
| Net margin | -127.0% | -19.9% | 42.9% | |
| Gearing (liabilities / total assets) | 118.9% | 121.3% | 119.0% | |
| Current ratio | 0.51x | 0.73x | 0.65x | |
| Interest cover | -4.29x | -0.19x | 10.86x |
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 1 time since incorporation
- TGS GEOPHYSICAL COMPANY (UK) LIMITED 2012-08-30 → present
- STINGRAY GEOPHYSICAL LIMITED 2006-03-06 → 2012-08-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on the going concern basis due to the availability of group financial support.”
Group structure
- TGS GEOPHYSICAL COMPANY (UK) LIMITED · parent
- TGS Geophysical Egypt SP 100%
- PT TGS Geophysical Indonesia 10%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASHBY, William James Charles | Director | 2022-03-23 | Dec 1975 | British |
| TAYLOR, Emma Louise | Director | 2024-09-11 | Jun 1974 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASHBY, William James Charles | Secretary | 2006-10-18 | 2011-04-18 |
| ASHBY, William | Secretary | 2006-04-03 | 2006-09-07 |
| COMER, Simon Philip | Secretary | 2006-09-08 | 2006-10-18 |
| DEMPSEY, Bryan Robert | Secretary | 2011-04-18 | 2013-12-15 |
| FIELD, James Stephen | Secretary | 2006-03-16 | 2006-04-03 |
| INGLEBY NOMINEES LIMITED | Corporate Secretary | 2006-03-06 | 2006-03-16 |
| THE BRIARS GROUP LIMITED | Corporate Secretary | 2006-04-03 | 2015-03-31 |
| AASER, Christian Dahl, Mr. | Director | 2020-02-14 | 2022-08-29 |
| AMUNDSEN, Fredrik | Director | 2016-09-01 | 2018-11-17 |
| ARTI, Laura | Director | 2020-02-14 | 2023-03-17 |
| ASHBY, William James Charles | Director | 2006-11-22 | 2011-04-18 |
| BENNION, Peter Michael | Director | 2012-12-18 | 2014-05-01 |
| BETT, Martin Adrian | Director | 2006-03-22 | 2015-12-31 |
| BHARTIA, Ashutosh | Director | 2014-05-01 | 2015-10-01 |
| BRADBURY, Paul William, Director | Director | 2018-11-18 | 2021-05-26 |
| COMER, Simon Philip | Director | 2006-09-08 | 2006-10-18 |
| CORONAS, Jose Jesus | Director | 2011-03-03 | 2011-04-18 |
| DEMPSEY, Bryan Robert | Director | 2011-04-18 | 2013-12-15 |
| DIGHE, Anuradha, Ms. | Director | 2020-02-14 | 2021-07-29 |
| FINNSTROM, Erik, Director | Director | 2018-11-18 | 2019-08-29 |
| FROILAND, Arne | Director | 2006-04-06 | 2007-10-17 |
| GAMMAN, Einar | Director | 2006-04-06 | 2011-04-18 |
| HAGEN, Jens, Vice President | Director | 2007-10-17 | 2009-01-02 |
| HAJOVSKY, David, Mr. | Director | 2020-07-27 | 2022-03-23 |
| HERWANGER, Tanya Flor | Director | 2016-09-01 | 2022-03-23 |
| ISAKSEN, Stein Ove | Director | 2015-12-31 | 2016-08-25 |
| JOHANSEN, Kristian Kuvaas | Director | 2011-04-18 | 2015-03-31 |
| LAKE, Stephen Clyde | Director | 2006-04-03 | 2011-03-03 |
| MAYHEW, Graham Peter | Director | 2020-02-14 | 2020-07-31 |
| MIDDELTHON, Hans | Director | 2009-03-25 | 2011-04-18 |
| POOL, Tana Ladon | Director | 2014-05-01 | 2018-11-17 |
| SANTIAGO, Linda | Director | 2023-04-06 | 2024-09-11 |
| SUTULA, Troy | Director | 2012-12-18 | 2015-03-31 |
| SVEEN, Magne | Director | 2006-07-19 | 2011-04-18 |
| TUDOR, Jonathan Simon | Director | 2006-03-16 | 2006-04-03 |
| WALL, Robert Gerald | Director | 2015-11-19 | 2017-10-31 |
| INGLEBY HOLDINGS LIMITED | Corporate Director | 2006-03-06 | 2006-03-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tgs Asa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 200 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type full | |
| 2026-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-17 | AA | accounts | Accounts with accounts type full | |
| 2025-02-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-31 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-21 | AA | accounts | Accounts with accounts type full | |
| 2023-05-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-27 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.