VAN OORD OFFSHORE WIND UK LTD.
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Cash
£2k
-50% lowest in 4 filed years
Net assets
£1.6m
-78.3% first positive since 2021
Employees
85
+2.4% highest in 4 filed years
Profit before tax
-£7.5m
-211.9% vs 2023
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £4,972,000 | £16,021,000 | £245,182,000 | £233,230,000 | -4.9% | |
| Operating profit | -£1,810,000 | -£14,475,000 | £4,955,000 | -£8,577,000 | -273.1% | |
| Profit before tax | -£1,872,000 | -£14,580,000 | £6,723,000 | -£7,526,000 | -211.9% | |
| Net profit | -£3,475,000 | -£10,744,000 | £5,130,000 | -£5,631,000 | -209.8% | |
| Cash | £395,000 | £1,515,000 | £4,000 | £2,000 | -50% | |
| Total assets less current liabilities | -£18,013,000 | £57,062,000 | £16,954,000 | £13,603,000 | -19.8% | |
| Net assets | -£19,710,000 | -£30,454,000 | £7,191,000 | £1,560,000 | -78.3% | |
| Equity | -£19,710,000 | -£30,454,000 | £7,191,000 | £1,560,000 | -78.3% | |
| Average employees | 66 | 62 | 83 | 85 | +2.4% | |
| Wages | £5,219,000 | £4,696,000 | £6,044,000 | £6,561,000 | +8.6% | |
| Directors' remuneration | — | — | £44,000 | £333,000 | +656.8% |
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 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | -36.4% | -90.4% | 2.0% | -3.7% | |
| Net margin | -69.9% | -67.1% | 2.1% | -2.4% | |
| Return on capital employed | — | -25.4% | 29.2% | -63.1% | |
| Current ratio | — | — | 1.07x | 1.03x | |
| Interest cover | -29.19x | — | 3.52x | -0.90x |
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 financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for the foreseeable future and meet its liabilities as they fall due. ... The Company is dependent on continuing financial support being made available from its parent undertaking. The Directors have received formal confirmation via a letter from Van Oord N.V (the Parent Company) that financial assistance will be provided, for the period ending 30 September 2026 from the date of the approval of these financial statements.”
Significant events
- “operational challenges that have impacted the Sofia Offshore Wind Farm installation contract although this has been mitigated to some extent by increased offshore wind farm maintenance activity and the commencement of UK subsea rock installation (SRI) contract work by the company.”
- “The Company also began to contract for and deliver subsea rock installation work in 2024 - this activity is complimentary to the other services delivered by the Company as well as being low risk and steady margin work with strong demand forecast over future years.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WIDDOWSON, David Christopher Clive | Secretary | 2022-06-20 | — | — |
| KWAKERNAAK, Jeroen Michiel | Director | 2024-10-01 | Jul 1968 | Dutch |
| VAN LOVEREN, Roy | Director | 2023-11-09 | Mar 1969 | Dutch |
| WIDDOWSON, David Christopher Clive | Director | 2024-08-15 | Jun 1965 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FRASER, Ruth Eva | Secretary | 2018-12-28 | 2022-06-20 |
| DE LANGE, Theodoor Jan | Director | 2017-10-10 | 2018-12-28 |
| KUIS, Arnoud Frederik | Director | 2017-10-10 | 2024-08-15 |
| KWAKERNAAK, Jeroen Michiel | Director | 2018-12-28 | 2024-08-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Van Oord Offshore Wind B.V. | Corporate entity | Shares 75–100% | 2022-09-22 | Active |
Filing timeline
Last 20 of 37 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-29 | CH01 | officers | Change person director company with change date | |
| 2025-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2024-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-02 | AA | accounts | Accounts with accounts type full | |
| 2024-08-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-09 | CH03 | officers | Change person secretary company with change date | |
| 2023-11-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-03 | AA | accounts | Accounts with accounts type full | |
| 2023-10-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-15 | SH01 | capital | Capital allotment shares | |
| 2022-10-26 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2022-10-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-10-26 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2022-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-06-20 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.