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Cash

Latest balance sheet

Net assets

-£328M

USD -436,088,000

+6.6% highest in 3 filed years

Employees

0

Average over period

Profit before tax

£23M

USD 30,663,000

-16.8% lowest in 3 filed years

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover
Operating profit
Profit before tax £25,289,033£27,691,498£23,049,688 -16.8%
Net profit £24,987,597£27,902,729£23,049,688 -17.4%
Cash
Total assets less current liabilities £631,992,032£659,894,761£682,944,449 +3.5%
Net assets -£378,764,189-£350,861,460-£327,811,772 +6.6%
Equity -£378,764,189-£350,861,460-£327,811,772 +6.6%
Average employees 000
Wages
Directors' remuneration £0£0

Figures converted to GBP from USD at 0.752 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 2023-12-312024-12-312025-12-31
Gearing (liabilities / total assets) 159.6%152.8%

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.

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Bourner Bullock
Audit opinion
Unqualified (clean)
Going concern
Not a going concern (break-up basis)

“We draw attention to Note 1 to the financial statements, which explains that the company has ceased its principal activity and will not continue as a going concern and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 1.”

Significant events

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

People

3 active · 14 resigned

Name Role Appointed Born Nationality
WILSON, Peter Henderson Secretary 2024-09-30
WILSON, Peter Henderson Director 2019-07-31 Jan 1967 British
WINTON, John Alexander Campbell Director 2024-09-30 Feb 1969 British
Show 14 resigned officers
Name Role Appointed Resigned
CROSS, Jonathan Paul Secretary 2013-05-10 2024-09-30
JACIUK, Nicolas Secretary 2014-08-08 2017-04-25
KEWISH, Dean Alan Secretary 2013-05-10 2015-06-19
MALONE, JR., Herman Secretary 2013-05-10 2013-08-20
SANGSTER, Derek Andrew Secretary 2013-08-20 2017-04-25
WALKER, Paul Mark Secretary 2013-05-10 2014-07-29
ABOGADO NOMINEES LIMITED Corporate Secretary 2013-05-10 2018-04-27
CITCO MANAGEMENT UK LIMITED Corporate Secretary 2018-04-27 2021-05-01
CROSS, Jonathan Paul Director 2013-05-10 2024-09-30
HALL, Julian Richard Director 2017-04-24 2019-04-11
JACIUK, Nicolas Director 2014-07-29 2018-04-27
MOONEY, Stephen Laurence Director 2018-04-27 2024-09-30
SANGSTER, Derek Andrew Director 2013-08-06 2017-04-24
WALKER, Paul Mark Director 2013-05-10 2014-07-29

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Valaris Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2021-04-30 Active
Valaris Plc Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Ceased 2021-04-30

Filing timeline

Last 20 of 73 total filings

Date Type Category Description
2026-06-06 AA accounts Accounts with accounts type full
2025-12-05 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-05-23 AA accounts Accounts with accounts type full
2024-12-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-10-02 AP03 officers Appoint person secretary company with name date PDF
2024-10-01 AP01 officers Appoint person director company with name date PDF
2024-10-01 TM01 officers Termination director company with name termination date PDF
2024-10-01 TM01 officers Termination director company with name termination date PDF
2024-10-01 TM02 officers Termination secretary company with name termination date PDF
2024-05-24 AA accounts Accounts with accounts type full
2023-12-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-07-03 AA accounts Accounts with accounts type full
2023-04-24 MR04 mortgage Mortgage satisfy charge full PDF
2023-04-24 MR04 mortgage Mortgage satisfy charge full PDF
2022-12-08 AA accounts Accounts with accounts type small
2022-12-06 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-08-04 AUD auditors Auditors resignation company
2021-12-02 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-12-02 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2021-12-02 PSC07 persons-with-significant-control Cessation of a person with significant control PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

last 12 months

Capital events
0

last 24 months

Officers appointed
0

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.

Official Companies House page