SAIPEM LIMITED
Operating as the UK subsidiary of Italian multinational Saipem S.p.A., the company provides offshore engineering, procurement, and construction services to the oil, gas, and renewable energy sectors.
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Cash
£424M
EUR 494,366,000
Latest balance sheet
Net assets
£118M
EUR 137,291,000
Equity attributable
Employees
827
Average over period
Profit before tax
£103M
EUR 120,335,000
Period ending 2023-12-31
Profit before tax
1-year trend · vs Industrials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £866,949,850 | — | |
| Operating profit | £92,082,297 | — | |
| Profit before tax | £103,159,023 | — | |
| Net profit | £91,957,137 | — | |
| Cash | £423,802,829 | — | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | £117,694,814 | — | |
| Average employees | 827 | — | |
| Wages | £73,234,462 | — | |
| Directors' remuneration | £816,974 | — |
Figures converted to GBP from EUR at 0.857 per EUR (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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 |
|---|---|---|
| Operating margin | 10.6% | |
| Net margin | 10.6% | |
| Current ratio | 1.18x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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.”
Group structure
- SAIPEM LIMITED · parent
- Saipem Offshore Construction SpA 100%
- Saipem International BV 100%
- Snamporgetti Netherlands BV 100%
- Saipem Luxembourg SA 100%
- Saipem S.A. 100%
- Servizi Energia Italia SpA 100%
- Saipem Drilling Norway AS 100%
- Saipem GUYANA Inc 100%
- Andromeda Consultoria Tecnica e Representacoes Ltda 100%
- ChemPET Srl 100%
- Consorzio PSS Netherlands BV 100%
- Puglia Green Hydrogen Valley - PGHV Srl 100%
- Rosetti Marino SpA 100%
- Nagarjuna Fertilizers & Chemicals Ltd 100%
Significant events
- “Resignation of non-executive and independent Board Director Roberto Diacetti on March 10, 2026.”
- “New contracts for Hydrone-W remote operated underwater vehicle (ROV) awarded on February 11, 2026.”
- “Offshore Drilling Deep Value Driller (DVD) contracts awarded on February 17, 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COOPER, Lisa | Secretary | 2018-11-05 | — | — |
| DE GENNARO, Ilaria | Director | 2026-04-01 | Jun 1985 | Italian |
| PELLEGRINI, Roberto | Director | 2024-06-03 | May 1976 | Italian |
| SECCHI, Gianalberto Romeo Claudio | Director | 2024-06-03 | Apr 1966 | Italian |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DI PIETRO, Gianni | Secretary | 2015-07-07 | 2018-11-02 |
| LAKE, Anthony Charles | Secretary | 2011-11-29 | 2013-03-08 |
| TURKSON, Elizabeth | Secretary | 2013-03-11 | 2014-08-06 |
| VAN STIJN, Edgar, Mr. | Secretary | 2014-08-06 | 2015-07-07 |
| VILLA, Marco Felice | Secretary | 2010-03-18 | 2011-11-28 |
| CASCELLA, Marcello | Director | 2020-06-08 | 2022-07-17 |
| CHASSAGNE, Jean-Louis Jose | Director | 2014-10-06 | 2015-11-17 |
| CRISTIANI, Massimo, Mr. | Director | 2023-05-30 | 2024-06-02 |
| D'ALOISIO, Guido | Director | 2020-06-08 | 2021-04-15 |
| DI PIETRO, Gianni | Director | 2010-11-19 | 2015-07-07 |
| DUBOIS, Jean Luc, Dr | Director | 2010-03-18 | 2010-11-01 |
| DUBOIS, Jean-Luc Roger | Director | 2024-06-03 | 2026-03-30 |
| FARINA, Fabrizio | Director | 2022-07-18 | 2023-05-29 |
| FORMICA, Paolo | Director | 2017-05-04 | 2020-11-30 |
| FORMICA, Paolo | Director | 2014-01-13 | 2017-07-26 |
| GANZER, Mario Rossi | Director | 2015-11-17 | 2017-12-06 |
| GEBBIA, Aldo | Director | 2017-12-06 | 2018-10-31 |
| GENTILI, Luca | Director | 2020-12-01 | 2022-07-18 |
| GUERRA, Massimiliano | Director | 2018-11-26 | 2020-06-08 |
| GUERRA, Massimiliano | Director | 2015-07-07 | 2017-12-06 |
| MANETTI, Ilario | Director | 2017-05-04 | 2019-02-08 |
| O'DONNELL, Hugh | Director | 2010-03-18 | 2014-01-03 |
| PALLAVICINI, Fabio Massimo Maria, Mr. | Director | 2014-01-13 | 2014-10-06 |
| PIASERE, Mauro | Director | 2021-04-16 | 2021-11-19 |
| PORCARI, Stefano | Director | 2010-03-18 | 2013-04-08 |
| SECCHI, Gianalberto Romeo Claudio | Director | 2021-11-22 | 2024-06-02 |
| SENG, Dominique Jean | Director | 2018-12-07 | 2020-04-30 |
| SWINNERTON, Nigel, Mr. | Director | 2013-04-08 | 2017-05-04 |
| VAN STIJN, Edgar | Director | 2022-07-18 | 2024-06-02 |
| VAN STIJN, Edgar | Director | 2010-11-01 | 2014-01-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Saipem International B.V | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-07-04 | Active |
| Mr Paolo Formica | Individual | Significant influence | 2017-05-04 | Ceased 2019-07-04 |
| Mr Nigel John Swinnerton | Individual | Significant influence (as firm) | 2016-04-06 | Ceased 2017-05-04 |
Filing timeline
Last 20 of 130 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-27 | AA | accounts | Accounts with accounts type full | |
| 2026-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-22 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-02 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-11-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-02 | SH20 | capital | Legacy | |
| 2024-11-02 | CAP-SS | insolvency | Legacy | |
| 2024-09-22 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-06-04 | CH01 | officers | Change person director company with change date | |
| 2024-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-22 | AA | accounts | Accounts with accounts type full | |
| 2024-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- 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.