BORR DRILLING MANAGEMENT (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-21 (in 1y)
Last made up 2026-05-07
Watchouts
None on the register
Cash
£8K
USD 11,000
-96% vs 2023
Net assets
£6M
USD 7,465,000
-29.4% vs 2023
Employees
14
-6.7% vs 2023
Profit before tax
£943K
USD 1,262,000
-16.6% 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 | £22,691,934 | £19,621,739 | |
| Operating profit | £1,080,212 | £934,440 | |
| Profit before tax | £1,131,793 | £943,410 | |
| Net profit | £1,131,793 | £418,629 | |
| Cash | £204,829 | £8,223 | |
| Total assets less current liabilities | £7,901,622 | £5,580,474 | |
| Net assets | £7,901,622 | £5,580,474 | |
| Equity | £7,901,622 | £5,580,474 | |
| Average employees | 15 | 14 | |
| Wages | £7,332,735 | £4,201,241 | |
| Directors' remuneration | £1,501,084 | £897,062 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — 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
-13.5%
£22,691,934 £19,621,739
-
Cash
-96%
£204,829 £8,223
-
Net assets
-29.4%
£7,901,622 £5,580,474
-
Employees
-6.7%
15 14
-
Operating profit
-13.5%
£1,080,212 £934,440
-
Profit before tax
-16.6%
£1,131,793 £943,410
-
Wages
-42.7%
£7,332,735 £4,201,241
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 | 4.8% | 4.8% | |
| Net margin | 5.0% | 2.1% | |
| Return on capital employed | 13.7% | 16.7% | |
| Gearing (liabilities / total assets) | 76.9% | 64.0% | |
| Current ratio | 1.29x | 1.53x |
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, based on the current financial projections and the facilities available, in addition to taking into account reasonably possible changes in trading performance and making enquiries, believe that the Company has adequate financial resources to continue in operation for the foreseeable future. The directors have received confirmation that the Ultimate parent company, Borr Drilling Limited, will provide further funding to the Company as required for a period of at least 12 months after these financial statements are signed. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- BORR DRILLING MANAGEMENT (UK) LIMITED · parent
- Borr Drilling Management DMCC 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2019-12-30 | — | — |
| LESLIE, Donna | Director | 2024-12-18 | Dec 1983 | British |
| TINDALL, Christopher David | Director | 2025-06-20 | May 1993 | British |
| TOBING, Joseph Amudi Lumban | Director | 2019-12-30 | May 1973 | Indonesian |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CABLE, Kathleen Teresa | Director | 2024-05-08 | 2024-12-18 |
| HINGLEY-WILSON, Robert David | Director | 2019-12-30 | 2021-04-30 |
| LIE, Andreas Lavik | Director | 2019-12-30 | 2025-06-20 |
| LUNDETRAE, Rune Magnus | Director | 2017-05-08 | 2019-12-30 |
| MAIER, Svend Anton | Director | 2017-05-08 | 2019-12-30 |
| PINHEIRO EVANGELISTA MOTHE, Karla | Director | 2023-01-04 | 2024-05-08 |
| SOUSA, Georgina Elizabeth | Director | 2021-04-30 | 2023-01-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Borr Drilling Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-05-08 | Active |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-05 | AA | accounts | Accounts with accounts type full | |
| 2025-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-21 | AA | accounts | Accounts with accounts type full | |
| 2024-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-29 | CH01 | officers | Change person director company with change date | |
| 2023-07-12 | AA | accounts | Accounts with accounts type full | |
| 2023-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-24 | AA | accounts | Accounts with accounts type full | |
| 2022-05-18 | CH01 | officers | Change person director company with change date | |
| 2022-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-20 | CH04 | officers | Change corporate secretary company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.