DOLPHIN DRILLING OFFSHORE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-10 (in 3mo)
Last made up 2025-07-27
Watchouts
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
141
+147.4% vs 2023
Profit before tax
£1M
+8,600% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
A material uncertainty related to going concern has been identified see note 1 to the financial statements for the further details.
Profit before tax
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £9,003,000 | £19,094,000 | |
| Operating profit | £258,000 | £525,000 | |
| Profit before tax | £12,000 | £1,044,000 | |
| Net profit | £12,000 | £783,000 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | — | — | |
| Average employees | 57 | 141 | |
| Wages | £8,392,000 | £16,312,000 | |
| Directors' remuneration | — | — |
Values shown as filed in the company's annual accounts. — 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
+112.1%
£9,003,000 £19,094,000
-
Cash
—
Not reported
-
Net assets
—
Not reported
-
Employees
+147.4%
57 141
-
Operating profit
+103.5%
£258,000 £525,000
-
Profit before tax
+8,600%
£12,000 £1,044,000
-
Wages
+94.4%
£8,392,000 £16,312,000
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 | 2.9% | 2.7% | |
| Net margin | 0.1% | 4.1% | |
| Interest cover | 1.00x | 175.00x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“A material uncertainty related to going concern has been identified see note 1 to the financial statements for the further details.”
Significant events
- “Post year end, in relation to the parent company, Dolphin Drilling AS, S.D Standard ETC PLC sold their share of the shareholder loan which represents $7.5 million (plus accrued interest) and 49,784,706 shares in the Group representing 17.1% of the outstanding share capital and now hold no shares.”
- “On 4 March 2025 Svelland Capital Trading and B.O Steen Shipping increased their respective shareholdings to 34% and 10% respectively and are now the largest shareholders.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GILLESDAL, Ingolf | Secretary | 2025-04-03 | — | — |
| BOYD, Michael | Director | 2025-12-19 | Sep 1979 | British |
| GILLESDAL, Ingolf | Director | 2025-04-03 | Apr 1969 | Norwegian |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COX, Stephen Robert | Secretary | 2020-08-06 | 2025-04-03 |
| BRYCE, Jon Oliver Sinclair | Director | 2025-02-06 | 2025-12-19 |
| COX, Stephen Robert | Director | 2020-08-06 | 2025-04-03 |
| IVERSEN, Bjornar | Director | 2020-08-06 | 2025-02-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dolphin Drilling Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-08-06 | Active |
Filing timeline
Last 20 of 22 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-13 | AA | accounts | Accounts with accounts type full | |
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-16 | AA | accounts | Accounts with accounts type full | |
| 2024-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-11 | AA | accounts | Accounts with accounts type full | |
| 2023-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-10-03 | CH01 | officers | Change person director company with change date | |
| 2022-10-03 | CH01 | officers | Change person director company with change date | |
| 2022-10-03 | CH03 | officers | Change person secretary company with change date | |
| 2022-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.