NSMP OPERATIONS LIMITED
Operating as part of the North Sea Midstream Partners group backed by Wren House Infrastructure Management, the company manages critical midstream energy infrastructure including gas pipelines, processing terminals, and liquefaction plants in and around the North Sea.
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Cash
£5.3m
+239.9% highest in 3 filed years
Net assets
£286m
+20.1% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£64m
+1.7% highest in 3 filed years
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 | £162,932,000 | £152,940,000 | £149,332,000 | -2.4% | |
| Operating profit | £50,257,000 | £64,789,000 | £65,677,000 | +1.4% | |
| Profit before tax | £48,487,000 | £62,924,000 | £64,011,000 | +1.7% | |
| Net profit | £37,327,000 | £47,042,000 | £47,818,000 | +1.6% | |
| Cash | £1,766,000 | £1,557,000 | £5,293,000 | +239.9% | |
| Total assets less current liabilities | £807,830,000 | £831,487,000 | £843,601,000 | +1.5% | |
| Net assets | £191,228,000 | £238,270,000 | £286,088,000 | +20.1% | |
| Equity | £191,228,000 | £238,270,000 | £286,088,000 | +20.1% | |
| Average employees | 20 | 19 | — | — | |
| Wages | £4,527,000 | £5,369,000 | £6,282,000 | +17% | |
| Directors' remuneration | £1,058,000 | £771,000 | £1,051,000 | +36.3% | |
| Directors' pension contributions | £0 | £0 | — | — | |
| Highest paid director | £708,000 | £427,000 | £704,000 | +64.9% |
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 | 30.8% | 42.4% | 44.0% | |
| Net margin | 22.9% | 30.8% | 32.0% | |
| Return on capital employed | 6.2% | 7.8% | 7.8% | |
| Gearing (liabilities / total assets) | 81.3% | 77.4% | 73.3% | |
| Current ratio | 2.78x | 2.91x | 2.94x | |
| Interest cover | 28.39x | 34.65x | 39.26x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have undertaken a rigorous assessment of going concern and liquidity over a period to 31 December 2027 ('the going concern period'). This includes review of financial forecasts through to the end of December 2027 which reflect severe, but plausible downside scenarios. The directors have also considered as part of this assessment the impact of events which have arisen following the balance sheet date and up to the date of issue of these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISTRA COMPANY SECRETARIES LIMITED | Corporate Secretary | 2015-07-30 | — | — |
| BARBARO, Gabriele Saturnio | Director | 2020-10-23 | Jul 1971 | Italian |
| BARRY, John Richard | Director | 2019-12-23 | Jan 1968 | British |
| FLETCHER, Angela Sarah Helen | Director | 2025-02-03 | Aug 1970 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COX, Sayma | Director | 2022-09-21 | 2024-11-22 |
| HEPPEL, Andrew Robert William | Director | 2015-07-30 | 2022-09-21 |
| KUHNLEY, Adam Neil | Director | 2015-07-30 | 2018-09-24 |
| LIM, Karl | Director | 2019-07-25 | 2020-10-23 |
| OZSANLAV, Richard | Director | 2024-12-03 | 2025-02-17 |
| REVERS, Daniel Raymond | Director | 2016-03-10 | 2018-09-24 |
| SOCHOCKI, Piotr Lukasz | Director | 2018-09-24 | 2019-07-25 |
| SULAIMAN, Sara Murtadha Jaffar | Director | 2019-02-19 | 2019-12-23 |
| WAGSTAFF, Michael John | Director | 2016-03-10 | 2018-09-24 |
| WILLIAMS, Gareth | Director | 2018-09-24 | 2019-07-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nsmp Holdco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 78 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-09 | AA | accounts | Accounts with accounts type full | |
| 2026-08-04 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-04-28 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-10-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-20 | AA | accounts | Accounts with accounts type full | |
| 2025-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-17 | AA | accounts | Accounts with accounts type full | |
| 2023-11-01 | CH01 | officers | Change person director company with change date | |
| 2023-08-14 | AA | accounts | Accounts with accounts type full | |
| 2023-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-09-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-27 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.