SEATRIUM OFFSHORE RENEWABLE SERVICES LTD

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

  +56.9%

  £9,024,095 → £14,154,523

• Cash

  +5.2%

  £25,915,086 → £27,251,591

• Net assets

  +108.1%

  -£22,351,422 → £1,817,511

• Employees

  +6.7%

  15 → 16

• Operating profit

  +644.6%

  £301,800 → £2,247,268

• Profit before tax

  +251.3%

  -£936,715 → £1,416,994

• Wages

  +37.1%

  £759,967 → £1,041,825

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. SEATRIUM OFFSHORE RENEWABLE SERVICES LTD 2023-07-25 → present
2. SEMBMARINE SLP LTD 2012-10-01 → 2023-07-25
3. SLP ENGINEERING LIMITED 2010-09-01 → 2012-10-01
4. ZEFIER UK III LIMITED 2010-07-28 → 2010-09-01
5. ALNERY NO. 2927 LIMITED 2010-07-12 → 2010-07-28

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Lovewell Blake LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the strength of the balance sheet, the level of available cash resources and the positive trading outlook reflected in forecasts, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.”

Significant events

• “The past year has been one of significant success and progress for Seatrium ORS. We have achieved strong revenue growth, and for the fifth consecutive year, positive EBITDA has been reported.”
• “The fixed-rate loan was restructured on 31 December 2025, and as a result, the associated interest rate risk has been eliminated.”
• “During the year part of the loan balance owed to group undertakings totalling £18,000,000 was converted into 18,000,000 ordinary shares of £1 each.”
• “Following another profitable year, recognition of a deferred tax asset, and the debt restructure, the company has significantly strengthened its financial position and is now reporting net current assets of £1,545,691 (2024: net current liabilities £22,740,051) and an overall balance sheet surplus of £1,817,511(2024: deficit of £22,351,422) at 31 December 2025.”

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

Filings

9

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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.