HP ALPHA LIMITED
Part of the KCA Deutag group, recently acquired by Helmerich & Payne, the company provides global drilling, well, and facilities engineering services to the energy sector.
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Cash
£2.9m
USD 3,900,000
+3,536.4% vs 2024
Net assets
£745m
USD 1,003,800,000
-7% vs 2024
Employees
—
Average over period
Profit before tax
—
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | £1,267,069,534 | £1,362,304,998 | — | — | |
| Operating profit | £142,442,317 | £120,662,209 | — | — | |
| Profit before tax | £14,361,953 | -£5,173,512 | — | — | |
| Net profit | -£22,680,898 | -£47,835,084 | — | — | |
| Cash | £180,583,896 | £79,592 | £2,894,249 | +3,536.4% | |
| Total assets less current liabilities | £1,464,448,281 | £1,106,017,192 | £815,510,204 | -26.3% | |
| Net assets | £289,201,067 | £801,257,561 | £744,935,065 | -7% | |
| Equity | £289,201,067 | £801,257,561 | £744,935,065 | -7% | |
| Average employees | 10,384 | 10,820 | — | — | |
| Wages | £413,200,439 | £469,516,078 | — | — | |
| Directors' remuneration | £8,946,790 | £45,208,532 | — | — | |
| Directors' pension contributions | £156,961 | £159,185 | — | — | |
| Highest paid director | £3,374,666 | £27,857,370 | — | — |
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 | 11.2% | 8.9% | — | |
| Net margin | -1.8% | -3.5% | — | |
| Return on capital employed | 9.7% | 10.9% | — | |
| Gearing (liabilities / total assets) | 84.5% | 28.7% | 8.7% | |
| Current ratio | 1.96x | 0.60x | 55.00x | |
| Interest cover | 1.06x | 0.88x | — |
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 — the current trading name was adopted 2026-08-28
- HP ALPHA LIMITED 2026-08-28 → present
- KCA DEUTAG ALPHA LIMITED 2011-09-28 → 2026-08-28
- TURBO ALPHA LIMITED 2007-11-21 → 2011-09-28
Audit & accounting basis
- Accounting basis
- UK-adopted IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have also considered the cash requirements of the business and concluded that the business has sufficient funding to sustain operations throughout the going concern period. The Directors have assessed a period to 30 September 2027. On this basis, the Directors consider that it is appropriate to prepare these financial statements on a going concern basis.”
Group structure
- HP ALPHA LIMITED · parent
- Abbot Group Limited 100%
- KCA DEUTAG (Land Rig) Limited 100%
- KCA DEUTAG UK Finance Limited 100%
- KCA DEUTAG Enterprises Limited 100%
- Rig Design Services Holdings Limited 100%
- Abbot Investments (North Africa) Limited 100%
- Abbot Holdings Limited 100%
- KCA DEUTAG Drilling Group Limited 100%
- KCA European Holdings Limited 100%
- KCA DEUTAG Caspian Limited 100%
- KCA DEUTAG Europe BV 100%
- SET Drilling Company Limited 100%
- KCA DEUTAG Drilling Limited 100%
- KCA DEUTAG Technical Support Limited 100%
- KCA DEUTAG Rig Design Services Limited 100%
- KCA DEUTAG Limited 100%
- BENTEC Solutions Limited 100%
- KCA DEUTAG Overseas Limited 100%
- KCA DEUTAG Holdings Limited 100%
- KCA DEUTAG (Cyprus) Limited 100%
- Abbot Verwaltungsgesellschaft mbH 100%
- KCA DEUTAG GmbH 100%
- KCA DEUTAG Tiefbohrgesellschaft mbH 100%
- KCA DEUTAG Drilling GmbH 100%
- BENTEC GmbH Drilling and Oilfield Systems 100%
- BENTEC Personalservice GmbH 100%
- H&P Norge AS 100%
- H&P Drilling Norge AS 100%
- H&P MODU Operations AS 100%
- H&P Holdings Norge AS 100%
- H&P Offshore AS 100%
- H&P Drilling Offshore Services AS 100%
- KCA DEUTAG Nederland BV 100%
- KCA DEUTAG Investments BV 100%
- KCA Deutag Rider Cooperatief U.A. 100%
- KCA DEUTAG Tender Barges (Offshore) Pte Ltd 100%
- KCA DEUTAG PTE Limited 100%
- Global Tender Barges Mexico, S. de R.L. de C.V. 99%
- International Air Drilling Company Limited 100%
- Performance Drilling for Oil Services Limited 100%
- ILI Corporation Limited 100%
- KCA DEUTAG Investments Limited 100%
- Oman KCA DEUTAG Drilling Company (LLC) 70%
- BENTEC Muscat LLC 76%
- KCA DEUTAG Nigeria Limited 38%
- Deutag Overseas (Curaçao) NV 100%
- KCA DEUTAG Drilling Saudi Arabia Limited 100%
- KCA DEUTAG Drilling Canada Inc. 100%
- KCA DEUTAG Operations Services DMCC 100%
- Turan Drilling & Engineering Company LLC 49%
- KCA Deutag Energy Global LLC 99%
- KCA Deutag Energy National LLC 99%
- KCA Deutag Energy LLC 70%
- KCA Deutag Energy International LLC 99%
- KCA Deutag Energy Rigs SPC 100%
- KCA Deutag Gulf Drilling Limited 100%
- BENTEC MESA Company 100%
- BENTEC TOB 100%
- International Energy Services Jersey Holding Co. Ltd 100%
- International Energy Services ROW Jersey Ltd 100%
- International Energy Services KSA Jersey Ltd 100%
- International Energy Services South America Co. Ltd 100%
- KCAD International DMCC 100%
- Saudi International Energy Services Company Ltd 100%
Significant events
- “During the first quarter of 2026, the Group entered into a $300.0 million credit facility agreement with its ultimate parent company, H&P Inc. This facility will be drawn upon as necessary to ensure that the KCA Deutag International group is able to pay its liabilities as they fall due.”
- “During the first quarter of 2026, the operations and assets of the H&P Saudi Arabian business held by HP Middle East Limited Company were transferred into a KCA Deutag Alpha Limited subsidiary, Saudi International Energy Services Company Limited.”
- “In June 2026, shares in the Company's investment in CPH2 were suspended as a result of an incident at the CPH2 test site which led to damage to one of the units. Based on this, as well as the abandonment of in-house manufacturing, the shift to an intellectual property and licensing model, and the company's constrained cash position, there is significant uncertainty over CPH2's ability to continue as a going concern. As a result, the directors have written the carrying value of its holding in CPH2 shares down to $nil in 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 47 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRANSTON, Sean Richard Lawrence | Director | 2026-02-12 | Sep 1973 | British |
| CLARKE, Rebecca | Director | 2026-02-12 | Oct 1983 | British |
| POLSON, Niall David | Director | 2026-02-12 | Aug 1983 | British |
Show 47 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDREW, Louise | Secretary | 2009-04-30 | 2014-03-31 |
| BYRNE, Anthony Joseph | Secretary | 2015-08-28 | 2021-12-31 |
| BYRNE, Anthony Joseph | Secretary | 2014-11-18 | 2015-03-19 |
| DONNELLY, Lawrence John Vincent | Secretary | 2015-03-19 | 2015-08-28 |
| SCHWARTZ, Alan | Secretary | 2007-11-29 | 2009-02-06 |
| THOMSON, Lynne | Secretary | 2014-04-18 | 2014-11-18 |
| TRUSEC LIMITED | Corporate Nominee Secretary | 2009-02-06 | 2009-04-30 |
| TRUSEC LIMITED | Corporate Nominee Secretary | 2007-11-21 | 2007-11-29 |
| AL MANSOORI, Abdulla Nasser Ahmed Huwaileel | Director | 2018-07-10 | 2020-04-29 |
| AL QAHTANI, Salah Abdelhadi Abdullah, Sheikh | Director | 2018-07-10 | 2020-04-29 |
| AL-QAHTANI, Salah Abdulhadi | Director | 2021-01-07 | 2025-01-16 |
| BABCOCK, Benjamin James | Director | 2020-01-09 | 2020-04-29 |
| BELL, John Ruskin | Director | 2025-01-16 | 2026-02-12 |
| BIALAS, Edward Todd | Director | 2008-03-31 | 2010-09-28 |
| DEFELICE, Alexander, Director | Director | 2011-03-31 | 2014-07-28 |
| DURKIN, Angela | Director | 2021-01-07 | 2024-02-01 |
| EDWARDS, Joseph Robert | Director | 2007-11-29 | 2010-11-08 |
| EHRET, Thomas Michel Ernest | Director | 2021-01-07 | 2025-01-16 |
| ELKHOURY, Joseph | Director | 2019-07-01 | 2025-01-16 |
| ELLIS, Robert Keith | Director | 2013-02-21 | 2020-12-21 |
| ELLIS, Robert Keith | Director | 2010-09-29 | 2011-03-31 |
| ENSALL, John James | Director | 2020-05-06 | 2020-12-21 |
| FARZAD, Vahid | Director | 2016-05-11 | 2020-04-29 |
| GILCHRIST, Neil Porteous | Director | 2014-05-12 | 2025-01-16 |
| HALSTED, John Combothekras | Director | 2011-03-31 | 2019-09-16 |
| HARTLEY, Neil John | Director | 2007-11-29 | 2010-11-08 |
| HICKEY, Patrick Hunt, Senior Vice President | Director | 2011-03-31 | 2016-05-11 |
| HUGHES, Christopher John | Director | 2010-09-30 | 2011-03-31 |
| KNASTER, Alexander | Director | 2011-03-31 | 2016-05-09 |
| LODGE, Ted S | Director | 2011-03-31 | 2013-05-21 |
| LONNQVIST, Markku Juhani | Director | 2016-05-09 | 2020-04-29 |
| LONNQVIST, Markku Juhani | Director | 2011-03-31 | 2011-11-01 |
| LYNE, Rebecca Jane | Director | 2007-11-21 | 2007-11-29 |
| MCKAY, Norrie Andrew | Director | 2011-11-01 | 2019-06-30 |
| MERRITT, Dean Edward John | Director | 2013-05-21 | 2020-04-29 |
| MILNE, Peter John | Director | 2008-04-16 | 2010-08-11 |
| MONIR, Nicole Frances | Director | 2007-11-21 | 2007-11-21 |
| MOUFARREJ, Marwan | Director | 2021-01-07 | 2025-01-16 |
| PORTER, Jay Lee | Director | 2025-01-16 | 2026-02-12 |
| PRINGLE, Keith James | Director | 2007-12-11 | 2009-12-08 |
| RAMSAY, Alaina | Director | 2025-01-16 | 2026-02-12 |
| SCHWARTZ, Alan | Director | 2007-11-29 | 2010-09-28 |
| SUMMERS, Timothy David | Director | 2010-01-14 | 2011-03-31 |
| THOMAS, Peter Neil | Director | 2021-01-07 | 2025-01-16 |
| TRUCANO, David P. | Director | 2014-07-28 | 2020-04-29 |
| ZORALIOGLU, Selahattin | Director | 2011-03-31 | 2013-02-21 |
| TRUSEC LIMITED | Corporate Nominee Director | 2007-11-21 | 2007-11-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kca Deutag International 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-12-03 | Ceased 2025-12-03 |
| Kca Deutag International Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-12-03 | Active |
| Kca Deutag International 3 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-10 | Ceased 2025-12-03 |
| Kca Deutag Alpha Ii Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-11-10 |
Filing timeline
Last 20 of 202 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-28 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-28 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-08-24 | AA | accounts | Accounts with accounts type group | |
| 2026-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-14 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-21 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.