STENA CARRON DRILLING LIMITED
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Cash
£13m
USD 18,161,000
Latest balance sheet
Net assets
£22m
USD 29,396,000
+120.4% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£17m
USD 22,735,000
+255.2% vs 2024
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 | £213,484,468 | £155,057,307 | £116,332,468 | -25% | |
| Operating profit | £36,329,620 | £7,793,696 | £18,800,742 | +141.2% | |
| Profit before tax | £28,280,515 | £4,750,080 | £16,871,985 | +255.2% | |
| Net profit | £20,463,602 | £2,685,450 | £12,587,755 | +368.7% | |
| Cash | — | — | £13,477,551 | — | |
| Total assets less current liabilities | £49,130,060 | £9,896,530 | £21,815,213 | +120.4% | |
| Net assets | £7,106,997 | £9,896,530 | £21,815,213 | +120.4% | |
| Equity | £7,106,997 | £9,896,530 | £21,815,213 | +120.4% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 | 17.0% | 5.0% | 16.2% | |
| Net margin | 9.6% | 1.7% | 10.8% | |
| Return on capital employed | 73.9% | 78.8% | 86.2% | |
| Gearing (liabilities / total assets) | 95.2% | 90.7% | 70.1% | |
| Current ratio | 0.67x | 0.78x | 0.83x | |
| Interest cover | 4.47x | 2.24x | 7.85x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The Company is within the scope of the OECD Pillar Two model rules. Pillar Two legislation was enacted in the jurisdiction in which the entity is incorporated and is effective in 2025. The Company has applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the amendments to Section 29 issued in July 2024.”
- “The Company has completed its assessment and will fall within the safe harbour exemption for 2025.”
- “The current ongoing conflict in the Middle East has had no major consequence on the company's operations to date. The long-term effects are expected to be largely limited as long as the conflict is geographically contained. Should this change, the impact on the business could be extensive.”
- “The lease with Stena DrilIMAX was terminated on 14 January 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WYNESS, Stuart Maxwell | Secretary | 2015-05-15 | — | — |
| RONSBERG, Erik Bergsvein | Director | 2016-03-31 | Nov 1972 | British |
| WYNESS, Stuart Maxwell | Director | 2015-05-15 | Jul 1971 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NOROSE COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2015-05-15 | 2015-05-15 |
| VINCE, Thomas James | Director | 2015-05-15 | 2015-05-15 |
| WELO, Tom Peter Andreas Wiel | Director | 2015-05-15 | 2016-12-31 |
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 78 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-06 | AA | accounts | Accounts with accounts type full | |
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge 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.