DOLPHIN DRILLING OFFSHORE LIMITED
Operating as a subsidiary of the Aberdeen-headquartered Dolphin Drilling group, the company provides support services for offshore petroleum and natural gas extraction.
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Cash
£443K
+170.1% vs 2024
Net assets
£1.1M
-6.1% vs 2024
Employees
156
+10.6% highest in 3 filed years
Profit before tax
£196K
-81.2% vs 2024
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.
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 | £9,003,000 | £19,094,000 | £20,961,000 | +9.8% | |
| Operating profit | £258,000 | £525,000 | £217,000 | -58.7% | |
| Profit before tax | £12,000 | £1,044,000 | £196,000 | -81.2% | |
| Net profit | £12,000 | £783,000 | -£70,000 | -108.9% | |
| Cash | — | £164,000 | £443,000 | +170.1% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | — | £1,153,000 | £1,083,000 | -6.1% | |
| Equity | — | £1,153,000 | £1,083,000 | -6.1% | |
| Average employees | 57 | 141 | 156 | +10.6% | |
| Wages | £8,392,000 | £16,312,000 | £17,014,000 | +4.3% | |
| 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. 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 | 2.9% | 2.7% | 1.0% | |
| Net margin | 0.1% | 4.1% | -0.3% | |
| Current ratio | — | 1.59x | 1.66x | |
| Interest cover | 1.00x | — | 10.33x |
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 Reduced Disclosure Framework
- 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.”
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 23 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-21 | AA | accounts | Accounts with accounts type full | |
| 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 |
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.