SHEARWATER GEOSERVICES LIMITED
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Cash
£1.7M
-89.7% lowest in 3 filed years
Net assets
£20M
-19.2% vs 2023
Employees
239
+3.5% highest in 3 filed years
Profit before tax
-£5.2M
-180.9% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £160,237,255 | £184,976,564 | £126,885,425 | -31.4% | |
| Operating profit | £12,307,744 | -£3,020,925 | -£4,802,292 | -59% | |
| Profit before tax | £11,249,771 | -£1,867,831 | -£5,246,596 | -180.9% | |
| Net profit | £10,249,771 | -£1,430,456 | -£4,652,316 | -225.2% | |
| Cash | £5,435,586 | £16,672,803 | £1,718,962 | -89.7% | |
| Total assets less current liabilities | £13,531,744 | £24,175,606 | £19,918,602 | -17.6% | |
| Net assets | — | £24,175,606 | £19,523,290 | -19.2% | |
| Equity | £13,531,744 | £24,175,606 | £19,523,290 | -19.2% | |
| Average employees | 75 | 231 | 239 | +3.5% | |
| Wages | £6,687,199 | £18,578,356 | £21,232,389 | +14.3% | |
| Directors' remuneration | £244,544 | £357,220 | £334,777 | -6.3% |
Figures converted to GBP from USD at 0.749 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 | 2019-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | 7.7% | -1.6% | -3.8% | |
| Net margin | 6.4% | -0.8% | -3.7% | |
| Return on capital employed | 91.0% | -12.5% | -24.1% | |
| Current ratio | — | 2.11x | 1.65x | |
| Interest cover | 5.84x | -36.51x | -5.51x |
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
- SHEARWATER GEOSERVICES LIMITED 2017-09-28 → present
- DOLPHIN GEOPHYSICAL LIMITED 2010-12-20 → 2017-09-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PHH Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- SHEARWATER GEOSERVICES LIMITED · parent
- Shearwater Ghana Ltd 100%
- Shearwater Geoservices India Private Ltd 74%
- Shearwater Geoservices Arabia Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AUBERT, Andreas Hveding | Director | 2017-03-13 | Apr 1980 | Norwegian |
| TELFER, Simon William | Director | 2017-03-13 | Nov 1979 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HANCOCK, Roger Arnold | Director | 2015-12-14 | 2016-02-15 |
| JACOBSEN, Atle | Director | 2016-01-20 | 2016-05-23 |
| MIDTLIE, Nina | Director | 2011-06-21 | 2015-12-14 |
| ROUND, Jonathon Charles | Director | 2010-12-20 | 2010-12-20 |
| STAVENES, Bjarne Ole | Director | 2016-05-23 | 2016-09-26 |
| SUTER, Philip Charles | Director | 2010-12-20 | 2015-06-25 |
| YTREDAL, Einar | Director | 2016-01-20 | 2017-03-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rasmussengruppen As | Corporate entity | Shares 75–100% | 2021-07-08 | Active |
| Einar Johan Rasmussen | Individual | Shares 25–50%, Voting 25–50% | 2017-01-05 | Ceased 2021-07-08 |
| Rannfrid Rasmussen | Individual | Shares 25–50%, Voting 25–50% | 2017-01-05 | Ceased 2021-07-08 |
Filing timeline
Last 20 of 84 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-14 | AA | accounts | Accounts with accounts type full | |
| 2025-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-09 | AA | accounts | Accounts with accounts type full | |
| 2024-04-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-08 | AA | accounts | Accounts with accounts type full | |
| 2023-02-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-27 | AA | accounts | Accounts with accounts type full | |
| 2021-09-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-08-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-08-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-08-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
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.