DEEP SEA STAVANGER (UK) LTD
Get an alert when DEEP SEA STAVANGER (UK) LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£4.5M
USD 6,009,303
-27.2% vs 2024
Net assets
£303M
USD 403,130,140
+3% vs 2024
Employees
—
Average over period
Profit before tax
£48M
USD 64,351,260
+136.4% 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 | £50,756,694 | £53,362,484 | £80,483,490 | +50.8% | |
| Operating profit | £18,667,029 | £20,165,915 | £48,183,041 | +138.9% | |
| Profit before tax | £18,869,242 | £20,459,228 | £48,373,495 | +136.4% | |
| Net profit | £23,769,733 | £18,684,556 | £45,982,069 | +146.1% | |
| Cash | — | £6,207,583 | £4,517,254 | -27.2% | |
| Total assets less current liabilities | £326,889,231 | £294,142,222 | £303,037,014 | +3% | |
| Net assets | £326,889,231 | £294,142,222 | £303,037,014 | +3% | |
| Equity | £326,889,231 | £294,142,222 | £303,037,014 | +3% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | £6,091 | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 36.8% | 37.8% | 59.9% | |
| Net margin | 46.8% | 35.0% | 57.1% | |
| Return on capital employed | 5.7% | 6.9% | 15.9% | |
| Gearing (liabilities / total assets) | 0.0% | 1.0% | — | |
| Current ratio | — | 6.62x | 1.29x |
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.
Name history
Renamed 1 time since incorporation
- DEEP SEA STAVANGER (UK) LTD 2017-02-03 → present
- NEWCO DSS (UK) LTD 2017-01-30 → 2017-02-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Significant events
- “In 2025 the Deepsea Stavanger worked under the frame agreement for Equinor until April 3. During April the rig completed the 10-year SPS, and on April 27th commenced a five-year contract with Aker BP. During the year the rig achieved a financial utilisation of 99.3%.”
- “The increase in operating profit when compared to 2024 is primarily due to rate increase and higher rig uptime.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASKVIK, Erik | Director | 2023-11-30 | Apr 1962 | Norwegian |
| CARBONE, John | Director | 2023-11-30 | Nov 1975 | Maltese |
| HARALDSEN, Øivind | Director | 2023-11-30 | Mar 1960 | Norwegian |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARTHUR, Heather | Secretary | 2023-04-03 | 2023-06-26 |
| BASSON, Gillian | Secretary | 2023-06-27 | 2023-11-30 |
| BASSON, Gillian Alina | Secretary | 2021-03-29 | 2023-04-03 |
| WEBSTER, Patricia Lynne | Secretary | 2019-11-27 | 2021-03-19 |
| BURNESS PAULL LLP | Corporate Secretary | 2017-01-30 | 2019-11-13 |
| DAVIS, Kirk Lightbourn | Director | 2017-03-03 | 2018-12-10 |
| GJERSDAL, Kjetil | Director | 2022-03-29 | 2023-11-30 |
| LIEUNGH, Simen | Director | 2017-03-03 | 2022-03-29 |
| MARSONER, Thomas Wolfgang Sebastian | Director | 2018-12-10 | 2020-02-27 |
| ODFJELL, Helene | Director | 2017-03-03 | 2023-11-30 |
| SAEBO, Atle | Director | 2017-01-30 | 2017-03-03 |
| SHIACH, Alasdair Geddes | Director | 2020-03-03 | 2022-03-29 |
| STEPHEN, Diane Elizabeth Macdonald | Director | 2022-03-29 | 2023-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Odfjell Drilling Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-01-30 | Active |
Filing timeline
Last 20 of 114 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-14 MA Memorandum articles
- 2023-12-14 RESOLUTIONS Resolution
- 2023-12-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-15 | AA | accounts | Accounts with accounts type full | |
| 2026-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-01 | AA | accounts | Accounts with accounts type full | |
| 2025-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-17 | AA | accounts | Accounts with accounts type full | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-14 | MA | incorporation | Memorandum articles | |
| 2023-12-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-12-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-07 | AA | accounts | Accounts with accounts type full | |
| 2023-07-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-03 | MR04 | mortgage | Mortgage satisfy charge full |
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.