SEAWAY 7 UK LIMITED
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Cash
—
Latest balance sheet
Net assets
-£36m
-5.6% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£3.2m
+77.6% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £124,032,000 | £41,380,000 | £93,207,000 | +125.2% | |
| Operating profit | -£27,142,000 | -£8,266,000 | -£2,743,000 | +66.8% | |
| Profit before tax | -£33,069,000 | -£14,068,000 | -£3,151,000 | +77.6% | |
| Net profit | -£26,938,000 | -£10,459,000 | -£2,276,000 | +78.2% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | -£24,166,000 | -£33,871,000 | -£36,099,000 | -6.6% | |
| Net assets | -£24,166,000 | -£34,231,000 | -£36,143,000 | -5.6% | |
| Equity | — | — | — | — | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £549,000 | £682,000 | £839,000 | +23% | |
| Directors' pension contributions | £26,000 | £37,000 | £39,000 | +5.4% | |
| Highest paid director | £449,000 | £494,000 | £613,000 | +24.1% |
Values shown as filed in the company's annual accounts. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -21.9% | -20.0% | -2.9% | |
| Net margin | -21.7% | -25.3% | -2.4% | |
| Gearing (liabilities / total assets) | 264.7% | 274.5% | 213.0% | |
| Current ratio | 0.38x | 0.20x | 0.33x | |
| Interest cover | -19.80x | -2.10x | -4.06x |
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
- SEAWAY 7 UK LIMITED 2022-12-09 → present
- SHL CONTRACTING UK LIMITED 2011-07-13 → 2022-12-09
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider that there are no significant doubts over the application of the going concern assumption and no disclosable material uncertainties which cast doubt upon the Company’s ability to continue as a going concern.”
Significant events
- “On the 30 December 2025, as part of an inter-group reorganisation, the Company's immediate parent company changed from Seaway 7 Holding NL B.V to Seaway 7 AS, a company incorporated in Norway.”
- “On 24 July 2025, Subsea 7 S.A., the ultimate parent company of the Group, and Saipem S.p.A. announced that they have entered into a binding merger agreement...”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PEACE, Lorna Helen | Secretary | 2018-05-01 | — | — |
| DUTHIE, Lloyd Simpson | Director | 2022-11-09 | Jan 1967 | British |
| RIJKSEN, Sebastiaan Frederik Willem | Director | 2022-07-31 | May 1986 | Dutch |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INLAW SECRETARIES LIMITED | Corporate Secretary | 2011-07-20 | 2018-05-01 |
| LOUYS, Nathalie V. J. G. | Director | 2012-04-01 | 2013-10-02 |
| MCNEILL, Stephen Anthony | Director | 2018-03-01 | 2022-11-09 |
| MURRAY, Graeme Scott | Director | 2011-07-13 | 2012-04-01 |
| SLOOS, Robbert Cornelis Hendrik | Director | 2018-04-01 | 2022-07-31 |
| SUKHORUCHKIN, Pavel | Director | 2011-07-13 | 2013-10-02 |
| VAN DER GRAAF, Jan Willem Gerrit | Director | 2013-10-02 | 2018-03-01 |
| VAN DER LAAN, Arie Adrianus | Director | 2013-10-02 | 2017-07-07 |
| VAN WALREE, Reinier Alexander | Director | 2017-07-24 | 2018-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Subsea 7 Blue Space Limited | Corporate entity | Significant influence | 2023-05-12 | Active |
| Shl Holding Nl B.V. | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-10-01 | Ceased 2023-05-12 |
| Subsea 7 S.A. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-03-10 | Ceased 2021-10-01 |
Filing timeline
Last 20 of 71 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-09 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-07-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-07-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-07-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-01-06 | AA | accounts | Accounts with accounts type full | |
| 2022-12-09 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-11 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-08-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-01 | 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.