STENA SPEY SERVICES LIMITED
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Cash
—
Latest balance sheet
Net assets
£3.1m
USD 4,148,000
-26.5% first positive since 2023
Employees
0
Average over period
Profit before tax
-£824k
USD -1,111,000
+96.9% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The directors have considered the appropriateness of the going concern basis of accounting while preparing these financial statements and do not consider it appropriate. Accordingly, the financial statements have been prepared on a break-up basis because the Company has ceased trading and will be wound up.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Energy 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 | £19,643,866 | £0 | — | — | |
| Operating profit | -£18,663,320 | -£10,764,884 | -£624,119 | +94.2% | |
| Profit before tax | -£45,047,851 | -£26,314,072 | -£824,490 | +96.9% | |
| Net profit | -£41,169,595 | -£17,901,146 | -£824,490 | +95.4% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | -£113,939,441 | £4,185,769 | £3,078,293 | -26.5% | |
| Net assets | -£113,939,441 | £4,185,769 | £3,078,293 | -26.5% | |
| Equity | — | £4,185,769 | £3,078,293 | -26.5% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £0 | £0 | — | |
| Directors' pension contributions | — | £0 | £0 | — | |
| Highest paid director | — | £0 | £0 | — |
Figures converted to GBP from USD at 0.742 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -95.0% | — | — | |
| Return on capital employed | — | -257.2% | -20.3% | |
| Gearing (liabilities / total assets) | 694.8% | 50.8% | 0.3% | |
| Current ratio | 0.12x | 1.97x | — | |
| Interest cover | -1.78x | -0.93x | -2.79x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The directors have considered the appropriateness of the going concern basis of accounting while preparing these financial statements and do not consider it appropriate. Accordingly, the financial statements have been prepared on a break-up basis because the Company has ceased trading and will be wound up.”
Significant events
- “The company ceased trading on 22 October 2025. The principal activity is now limited to administration matters associated with its wind-down and eventual close down.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WYNESS, Stuart Maxwell | Secretary | 2011-11-11 | — | British |
| RONSBERG, Erik Bergsvein | Director | 2016-03-31 | Nov 1972 | British |
| WYNESS, Stuart Maxwell | Director | 2011-11-11 | Jul 1971 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NOROSE COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2011-11-11 | 2011-11-11 |
| BANKS, John Owen | Director | 2011-11-11 | 2016-10-10 |
| WELO, Thomas Peter Andreas Wiel | Director | 2011-11-11 | 2016-12-31 |
| WESTON, Clive | Director | 2011-11-11 | 2011-11-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stena Drilling (Holdings) Limited | Corporate entity | Significant influence | 2016-06-01 | Active |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-06 | AA | accounts | Accounts with accounts type full | |
| 2026-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-26 | SH01 | capital | Capital allotment shares | |
| 2025-01-09 | SH01 | capital | Capital allotment shares | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-17 | AA | accounts | Accounts with accounts type full | |
| 2023-03-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-19 | SH01 | capital | Capital allotment shares | |
| 2023-01-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-24 | AA | accounts | Accounts with accounts type full | |
| 2021-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-08-06 | AA | accounts | Accounts with accounts type full | |
| 2020-11-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 2
- 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.