BAKER HUGHES UK FUNDING COMPANY LTD
Get an alert when BAKER HUGHES UK FUNDING COMPANY LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£133m
+2.3% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£4.3m
-17.4% first positive since 2023
Net assets
3-year trend · vs Financials 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 | — | — | — | — | |
| Operating profit | -£3,535,000 | £782,000 | -£1,085,000 | -238.7% | |
| Profit before tax | -£2,379,000 | £5,237,000 | £4,327,000 | -17.4% | |
| Net profit | -£3,425,000 | £4,006,000 | £2,994,000 | -25.3% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £126,203,000 | £129,925,000 | — | — | |
| Net assets | £125,886,000 | £129,892,000 | £132,886,000 | +2.3% | |
| Equity | £125,886,000 | £129,892,000 | £132,886,000 | +2.3% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £1,400 | £860 | — | — |
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 |
|---|---|---|---|---|
| Return on capital employed | -2.8% | 0.6% | — | |
| Gearing (liabilities / total assets) | 1.4% | 2.1% | 3.0% | |
| Current ratio | 62.24x | 35.25x | 25.08x | |
| Interest cover | -47.13x | — | — |
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
- BAKER HUGHES UK FUNDING COMPANY LTD 2022-08-03 → present
- BAKER HUGHES UK FUNDING COMPANY PLC 2020-04-15 → 2022-08-03
Audit & accounting basis
- Accounting basis
- FRS 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the director considers to be appropriate for the following reasons: The Company is an intermediate holding company. The director has prepared cash flow forecasts for a period of 12 months which indicate that, as a holding company, the Company has low expenditure and limited liabilities which are non-complex to forecast. Consequently, the director is 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.”
Group structure
- BAKER HUGHES UK FUNDING COMPANY LTD · parent
- Brush UK Holdco Ltd 100%
- Levidian Nanosystems Limited 9.23%
- Atome Energy Plc 6.27%
Significant events
- “On 29 June 2026, the Company approved to undertake a capital reduction by cancelling and extinguishing 50,000,000 ordinary shares of £1.00 each in the capital of the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNLOP, Lorraine Amanda | Secretary | 2020-04-15 | — | — |
| FIRMANI, David Vincent | Director | 2024-07-12 | May 1971 | Italian |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KONRAD, Jonathan Paul | Director | 2020-04-15 | 2022-09-13 |
| MCLEISH, Blair Alexander | Director | 2020-04-15 | 2024-07-12 |
| WADHWA, Varun | Director | 2020-04-15 | 2024-07-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Baker Hughes Company | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-04-15 | Active |
Filing timeline
Last 20 of 38 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-01 RESOLUTIONS Resolution
- 2022-10-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type full | |
| 2026-07-01 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-07-01 | SH20 | capital | Legacy | |
| 2026-07-01 | CAP-SS | insolvency | Legacy | |
| 2026-07-01 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-08-20 | CH03 | officers | Change person secretary company with change date | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-22 | CH01 | officers | Change person director company with change date | |
| 2024-10-01 | AA | accounts | Accounts with accounts type full | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-05 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2022-10-05 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- 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.