NEXT GEOSOLUTIONS UKCS LIMITED

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

  -57.7%

  £40,229,995 → £17,015,378

• Cash

  +43.9%

  £6,947,692 → £10,000,876

  highest in 6 filed years

• Net assets

  -62.4%

  £7,417,629 → £2,790,126

  lowest in 3 filed years

• Employees

  +14.3%

  42 → 48

  highest in 6 filed years

• Operating profit

  -54.9%

  £6,083,756 → £2,743,107

• Profit before tax

  -54.7%

  £5,940,458 → £2,689,472

  lowest in 3 filed years

• Wages

  +2%

  £2,712,827 → £2,767,047

  highest in 3 filed years

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. Sector-distribution context coming next.

1. NEXT GEOSOLUTIONS UKCS LIMITED 2017-11-16 → present
2. RMS SUBMARINE LIMITED 2007-11-30 → 2017-11-16

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Alliotts LLP

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 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.”

Significant events

• “Throughout 2025, the company continued to successfully deliver complex offshore projects, strengthen longstanding client relationships, and complete ongoing investment in technical capability across the offshore wind and interconnector markets.”
• “Among the key projects delivered during the year, the company played a central role in the EGL1 (Eastern Green Link 1) project for National Grid, a strategic subsea electricity interconnector designed to enhance the resilience and capacity of the UK transmission network and to support the integration of renewable energy generation Within this project, the company carried out a comprehensive scope of offshore and nearshore activities, including highresolution geophysical surveys, crossing investigations, UXO risk assessment and mitigation surveys, and detailed geotechnical site investigations along the proposed cable routes.”
• “In parallel with project execution, 2025 marked an important milestone in the company's capability development with the completion of the inhouse Geotechnical Laboratory. The laboratory has been established to support advanced soil testing and highprecision geotechnical analyses, enabling the company to internalise key testing activities that are fundamental to offshore foundation and cable design.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

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.