CATS NORTH SEA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-03 (in 1mo)
Last made up 2025-05-20
Watchouts
None on the register
Cash
£13M
+18.1% vs 2023
Net assets
£250M
+23.5% vs 2023
Employees
—
Average over period
Profit before tax
£47M
-16.1% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £74,914,000 | £71,116,000 | |
| Operating profit | £55,726,000 | £46,457,000 | |
| Profit before tax | £55,532,000 | £46,604,000 | |
| Net profit | £49,242,000 | £47,560,000 | |
| Cash | £11,317,000 | £13,367,000 | |
| Total assets less current liabilities | £220,355,000 | £260,457,000 | |
| Net assets | £201,993,000 | £249,553,000 | |
| Equity | £201,993,000 | £249,553,000 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | £100,000 | £100,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-5.1%
£74,914,000 £71,116,000
-
Cash
+18.1%
£11,317,000 £13,367,000
-
Net assets
+23.5%
£201,993,000 £249,553,000
-
Employees
—
Not reported
-
Operating profit
-16.6%
£55,726,000 £46,457,000
-
Profit before tax
-16.1%
£55,532,000 £46,604,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 74.4% | 65.3% | |
| Net margin | 65.7% | 66.9% | |
| Return on capital employed | 25.3% | 17.8% | |
| Gearing (liabilities / total assets) | 46.3% | 49.2% | |
| Current ratio | 2.15x | 1.96x | |
| Interest cover | 81.23x | 82.81x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors' review of the accounts, budgets and forward plan lead them to believe that the Company has enough resources to continue in operation for the foreseeable future. The Company is in a net current asset position at the balance sheet date. The Company has no external loan obligations. Additionally, the Company is profitable and is expected to continue to make profits for the foreseeable future. The financial statements are therefore prepared on a going concern basis.”
Significant events
- “In March 2023, Harbour Energy received UK government consent to the development of the Talbot field and in August 2023, NEO Energy received UK government consent to the redevelopment of the Affleck field. Both fields were jointly developed via a tie-back to the J-block hub which exports gas via CATS. Production from Talbot commenced in December 2024 and Affleck commenced production in January 2025.”
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 |
|---|---|---|---|---|
| LUYPAERT, Thomas Jack Robert | Director | 2020-01-30 | Feb 1987 | French |
| MCINTOSH, Ralph Leslie | Director | 2025-03-11 | Oct 1985 | British |
| MORGAN, Nathan Paul | Director | 2023-02-17 | Apr 1977 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SUNBURY SECRETARIES LIMITED | Corporate Secretary | 2014-10-06 | 2015-12-17 |
| APPLETON, Guy Robert Maurice | Director | 2015-12-17 | 2024-06-30 |
| BARTLETT, John Harold, Mr. | Director | 2014-10-06 | 2015-12-17 |
| CROSBIE, Mark John | Director | 2015-12-17 | 2020-01-30 |
| FRIEDEL, Guillaume Jacques Robert | Director | 2015-12-17 | 2020-01-30 |
| GARLICK, Trevor William | Director | 2014-10-06 | 2015-12-17 |
| HESSELL, Andrew David | Director | 2015-12-17 | 2023-01-31 |
| HESSELL, Andrew David | Director | 2014-10-06 | 2014-12-03 |
| IFKÉR, Stéphane Julien | Director | 2015-12-17 | 2020-01-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephane Julien Ifkér | Individual | Appoints directors | 2016-04-06 | Ceased 2020-01-30 |
| Mr Guillaume Jacques Robert Friedel | Individual | Appoints directors | 2016-04-06 | Ceased 2020-01-30 |
| Mark John Crosbie | Individual | Appoints directors | 2016-04-06 | Ceased 2020-01-30 |
| Kellas Midstream Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 88 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-06-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-05-08 | AD04 | address | Move registers to registered office company with new address | |
| 2025-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-12 | AA | accounts | Accounts with accounts type full | |
| 2024-06-18 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-17 | CH01 | officers | Change person director company with change date | |
| 2023-10-16 | CH01 | officers | Change person director company with change date | |
| 2023-09-18 | AA | accounts | Accounts with accounts type full | |
| 2023-05-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-15 | CH01 | officers | Change person director company with change date | |
| 2022-10-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-10-17 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.