STENA DON DRILLING LIMITED
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Cash
£966k
USD 1,302,000
-97.8% vs 2024
Net assets
£27m
USD 35,824,000
-47.1% vs 2024
Employees
—
Average over period
Profit before tax
-£27m
USD -36,800,000
-1,052.1% lowest 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 | £47,051,302 | £53,576,886 | £39,457,514 | -26.4% | |
| Operating profit | -£2,412,143 | £4,416,587 | -£20,572,171 | -565.8% | |
| Profit before tax | -£3,567,618 | £2,868,513 | -£27,309,833 | -1,052.1% | |
| Net profit | -£2,674,145 | £1,944,444 | -£20,267,904 | -1,142.3% | |
| Cash | — | £44,823,305 | £966,234 | -97.8% | |
| Total assets less current liabilities | £3,897,866 | £161,977,873 | £135,297,959 | -16.5% | |
| Net assets | £542,830 | £50,250,716 | £26,585,529 | -47.1% | |
| Equity | £542,830 | £50,250,716 | £26,585,529 | -47.1% | |
| Average employees | — | — | — | — | |
| 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 | -5.1% | 8.2% | -52.1% | |
| Net margin | -5.7% | 3.6% | -51.4% | |
| Return on capital employed | -61.9% | 2.7% | -15.2% | |
| Gearing (liabilities / total assets) | 98.4% | 73.0% | 82.3% | |
| Current ratio | 0.61x | 2.35x | 1.02x | |
| Interest cover | -2.04x | 2.09x | -2.57x |
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
“The financial statements have been prepared on a going concern basis. The directors have forecast the expected cash requirements for the company for at least the next twelve months and are confident that these can be met. Based on this, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “On 8 November 2024, the company acquired the vessel from Stena Don Cyprus Limited.”
- “In 2025, a new Switchboard Common Bus installation was finalised on board the Stena Don and testing for DNV class approval was carried out. This will allow for reduced engines online and higher load, thereby increasing efficiency.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WYNESS, Stuart Maxwell | Secretary | 2018-02-13 | — | — |
| RONSBERG, Erik Bergsvein | Director | 2018-02-13 | Nov 1972 | British |
| WYNESS, Stuart Maxwell | Director | 2018-02-13 | Jul 1971 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NOROSE COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2018-02-13 | 2018-02-13 |
| WESTON, Clive | Director | 2018-02-13 | 2018-02-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Norose Company Secretarial Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-13 | Ceased 2018-02-13 |
| Stena Drilling (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-13 | Active |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-06 | AA | accounts | Accounts with accounts type full | |
| 2026-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-07 | SH01 | capital | Capital allotment shares | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-17 | AA | accounts | Accounts with accounts type full | |
| 2023-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-12-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-06-24 | AA | accounts | Accounts with accounts type full | |
| 2022-05-11 | CH01 | officers | Change person director company with change date | |
| 2022-05-11 | CH01 | officers | Change person director company with change date | |
| 2022-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-09 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- 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.