CTS OFFSHORE AND MARINE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-11 (in 11mo)
Last made up 2026-03-28
Watchouts
None on the register
Cash
£3M
+6.1% highest in 5 filed years
Net assets
£5M
+9.7% vs 2023
Employees
98
+4.3% vs 2023
Profit before tax
£448K
-66.1% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £16,238,636 | £13,214,419 | |
| Operating profit | — | — | — | — | £1,369,901 | £494,991 | |
| Profit before tax | — | — | — | — | £1,324,401 | £448,443 | |
| Net profit | — | — | — | — | £1,230,483 | £402,708 | |
| Cash | £1,279,948 | £1,404,940 | £994,029 | — | £2,451,186 | £2,599,637 | |
| Total assets less current liabilities | — | — | — | — | £4,421,321 | £4,813,544 | |
| Net assets | — | — | — | — | £4,151,234 | £4,553,942 | |
| Equity | — | — | £1,896,292 | £969,720 | £4,151,234 | £4,553,942 | |
| Average employees | — | — | — | — | 94 | 98 | |
| Wages | — | — | — | — | £2,579,830 | £2,971,322 | |
| Directors' remuneration | — | — | — | — | £627,831 | £250,000 |
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
-18.6%
£16,238,636 £13,214,419
-
Cash
+6.1%
£2,451,186 £2,599,637
highest in 5 filed years
-
Net assets
+9.7%
£4,151,234 £4,553,942
-
Employees
+4.3%
94 98
-
Operating profit
-63.9%
£1,369,901 £494,991
-
Profit before tax
-66.1%
£1,324,401 £448,443
-
Wages
+15.2%
£2,579,830 £2,971,322
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 8.4% | 3.7% | |
| Net margin | — | — | — | — | 7.6% | 3.0% | |
| Return on capital employed | — | — | — | — | 31.0% | 10.3% | |
| Current ratio | — | — | — | — | 1.78x | 2.05x | |
| Interest cover | — | — | — | — | 29.69x | 10.45x |
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
- CTS OFFSHORE AND MARINE LIMITED 2011-08-08 → present
- CLARKSON TECHNICAL SERVICES LIMITED 2006-10-09 → 2011-08-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- TC Group
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- CTS OFFSHORE AND MARINE LIMITED · parent
- CTS Coating Limited 100%
- CTS Offshore and Marine S.R.L 90%
- CTS Offshore and Marina LLC 49%
- CTS Offshore and Marine Ltd FZE 100%
- CTS Offshore and Marine LLC 49%
- CTS Offshore and Marine Pvt Ltd 99%
- CTS Offshore and Marine (Asia) Pte Ltd 100%
- CTS Offshore and Marine B.V 100%
- CTS OM (INDIA) Pvt Ltd 99%
- CTS Innovative Engineering Pte Ltd 100%
- CTS Energy Solutions SDN. BHD. 100%
- CTS Global Engineering Limited 100%
- CTS OM GmbH 100%
Significant events
- “On 22 November 2025, Mr G Suri, a director and principal shareholder of the company, died. The directors are currently assessing the impact of this event on the company's operations and financial position. At the date of approval of these financial statements, it is not practicable to quantify the financial effect of this event.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHAUDHARY, Amit | Director | 2016-10-01 | Nov 1971 | Indian |
| SURI, Evangelin Reyes | Director | 2025-11-01 | Oct 1971 | British |
| SURI, Sanjay | Director | 2024-06-01 | Nov 1987 | British |
| VED, Rahul | Director | 2019-03-01 | Jan 1984 | Indian |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEASEY, Stephen Gregory | Secretary | 2006-10-09 | 2011-07-29 |
| CAHILL, Michael John Christopher | Director | 2006-10-09 | 2011-07-29 |
| CHADHA, Gurjit Singh | Director | 2012-10-18 | 2013-06-16 |
| GUPTA, Ravi | Director | 2012-10-18 | 2017-05-10 |
| GUPTA, Vaibhav | Director | 2016-10-01 | 2024-10-31 |
| MAZHU VAN CHERY, Mathew Babu | Director | 2011-08-01 | 2013-02-03 |
| RUMSEY, David William | Director | 2008-10-16 | 2011-07-29 |
| SURI, Evangelin Reyes | Director | 2019-03-01 | 2023-03-31 |
| SURI, Gulber | Director | 2011-08-01 | 2025-11-22 |
| SURI, Gulbir | Director | 2008-03-05 | 2011-07-29 |
| WARD, Robert Dennis | Director | 2006-10-09 | 2006-12-29 |
| WOYDA, Jeffrey David | Director | 2007-01-04 | 2008-10-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gulber Suri | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 100 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-31 | AA | accounts | Accounts with accounts type group | |
| 2025-11-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-14 | AUD | auditors | Auditors resignation company | |
| 2025-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-17 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-30 | AA | accounts | Accounts with accounts type group | |
| 2024-08-21 | CH01 | officers | Change person director company with change date | |
| 2024-08-20 | CH01 | officers | Change person director company with change date | |
| 2024-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-13 | AA | accounts | Accounts with accounts type group | |
| 2023-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-26 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2022-11-21 | AA | accounts | Accounts with accounts type group | |
| 2022-08-08 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.