CETCO ENERGY SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-22 (in 1mo)
Last made up 2025-06-08
Watchouts
None on the register
Cash
£2M
+138.2% vs 2023
Net assets
£6M
+37.3% vs 2023
Employees
20
0% vs 2023
Profit before tax
£2M
+341.7% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £4,865,000 | £4,916,000 | |
| Operating profit | -£636,000 | -£156,000 | |
| Profit before tax | -£729,000 | £1,762,000 | |
| Net profit | -£600,000 | £1,691,000 | |
| Cash | £739,000 | £1,760,000 | |
| Total assets less current liabilities | £13,758,000 | £7,457,000 | |
| Net assets | £4,532,000 | £6,223,000 | |
| Equity | £4,532,000 | £6,223,000 | |
| Average employees | 20 | 20 | |
| Wages | £1,397,000 | £1,501,000 | |
| Directors' remuneration | £148,000 | £157,000 |
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
+1%
£4,865,000 £4,916,000
-
Cash
+138.2%
£739,000 £1,760,000
-
Net assets
+37.3%
£4,532,000 £6,223,000
-
Employees
0%
20 20
-
Operating profit
+75.5%
-£636,000 -£156,000
-
Profit before tax
+341.7%
-£729,000 £1,762,000
-
Wages
+7.4%
£1,397,000 £1,501,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -13.1% | -3.2% | |
| Net margin | -12.3% | 34.4% | |
| Return on capital employed | -4.6% | -2.1% | |
| Current ratio | 3.64x | 1.40x | |
| Interest cover | -1.36x | -0.53x |
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
- CETCO ENERGY SERVICES LIMITED 2013-08-09 → present
- CETCO OILFIELD SERVICES LIMITED 2010-06-08 → 2013-08-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “A significant Process Equipment contract in Angola was secured in 2024 resulting in a strong sales pipeline for 2025 & 2026.”
- “The JV continued to strengthen during 2024 with profit rising £128,000 from a profit in 2023 of £4,852,000 to a profit of £4,980,000 in 2024.”
- “The recent invasion of Ukraine and subsequent embargos on Russia. These have not negatively impacted our business environment as we do not operate or trade within Russia. The impact to the Energy Services market as a whole is still being assessed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| REED SMITH CORPORATE SERVICES LIMITED | Corporate Secretary | 2015-04-07 | — | — |
| FLETCHER, John Gavin Treharne | Director | 2020-03-12 | Oct 1972 | British |
| NUGENT, Sarah Thibodeaux | Director | 2025-01-24 | Feb 1986 | American |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHAYTOR, Jonathan | Secretary | 2010-06-08 | 2012-09-30 |
| ASHLEY, James Wheeler | Director | 2012-07-20 | 2015-03-02 |
| HOAGLAND III, Frank Morris | Director | 2010-06-09 | 2012-07-20 |
| JAMESON, Mark Robert | Director | 2010-06-08 | 2012-08-20 |
| LOGUE, Andrew Lambert | Director | 2017-10-04 | 2025-01-24 |
| MCALISTER, Paul Randal Neil | Director | 2012-07-20 | 2020-02-10 |
| MCKENDRICK, Ryan | Director | 2012-07-20 | 2015-03-02 |
| MORRISON, Euan William Macdonald | Director | 2010-06-09 | 2012-07-20 |
| PEARSON, Donald | Director | 2012-07-20 | 2015-03-02 |
| WASHOW, Lawrence | Director | 2010-06-09 | 2010-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Minerals Technologies, Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-09-15 | Active |
Filing timeline
Last 20 of 62 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-09 | AA | accounts | Accounts with accounts type full | |
| 2024-07-05 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-07-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-08 | AA | accounts | Accounts with accounts type full | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full | |
| 2022-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-29 | AA | accounts | Accounts with accounts type full | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-14 | CH01 | officers | Change person director company with change date | |
| 2020-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2020-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2019-10-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.