ENSHORE SUBSEA LIMITED — The Accounts

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-02-02 (in 9mo)

Last made up 2026-01-19

Watchouts

1 item

Cash

£3M

-52.8% vs 2023

Net assets

£13M

+140.9% highest in 3 filed years

Employees

109

+58% highest in 3 filed years

Profit before tax

£5M

+34.6% highest in 3 filed years

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

1 PSC ceased in last 24 months

Significant control changed hands — see the Ownership section.

Net assets

5-year trend · vs Industrials median

ENSHORE SUBSEA LIMITED·Industrials median · n=22756

Accounts

5-year trend · latest reflected 2024-12-31

Metric	2022-01-01	2022-12-31	2023-01-01	2023-12-31	2024-12-31
Turnover	—	£61,300,615	—	£51,910,405	£51,903,121
Operating profit	—	£818,690	—	£5,038,980	£6,621,277
Profit before tax	—	£288,762	—	£3,871,158	£5,212,325
Net profit	—	£352,046	—	£2,792,262	£3,922,729
Cash	—	£1,068,319	—	£5,654,925	£2,667,137
Total assets less current liabilities	—	£10,606,774	—	£13,478,640	£24,314,879
Net assets	—	£2,520,871	—	£5,313,133	£12,796,923
Equity	£2,142,703	£2,520,871	£2,520,871	£5,313,133	£12,796,923
Average employees	—	65	—	69	109
Wages	—	£4,784,210	—	£4,773,614	£6,907,074
Directors' remuneration	—	£606,938	—	£264,502	£199,196

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

0%

£51,910,405 £51,903,121
Cash

-52.8%

£5,654,925 £2,667,137
Net assets

+140.9%

£5,313,133 £12,796,923

highest in 3 filed years
Employees

+58%

69 109

highest in 3 filed years
Operating profit

+31.4%

£5,038,980 £6,621,277

highest in 3 filed years
Profit before tax

+34.6%

£3,871,158 £5,212,325

highest in 3 filed years
Wages

+44.7%

£4,773,614 £6,907,074

highest in 3 filed years

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	2022-01-01	2022-12-31	2023-01-01	2023-12-31	2024-12-31
Operating margin	—	1.3%	—	9.7%	12.8%
Net margin	—	0.6%	—	5.4%	7.6%
Return on capital employed	—	7.7%	—	37.4%	27.2%
Gearing (liabilities / total assets)	—	—	—	89.3%	81.4%
Current ratio	—	—	—	1.16x	1.08x
Interest cover	—	1.54x	—	4.31x	2.94x

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.

Name history

Renamed 1 time since incorporation

ENSHORE SUBSEA LIMITED 2021-06-25 → present
ANSON HOUSE 4 LTD 2021-01-20 → 2021-06-25

Audit & accounting basis

Accounting basis: FRS 102
Reporting scope: Consolidated group
Auditor: UNW LLP
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“Given the group's current cash balances, the directors have a reasonable expectation that the group has adequate resources to continue meeting its liabilities as they fall due for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements (further detail is given in note 3.3).”

Group structure

ENSHORE SUBSEA LIMITED · parent
1. Enshore Subsea Senegal SAS 100% · Dakar (Senegal)
2. Enshore Subsea France 100% · 73 Rue de Vaugirard, Paris, 75006, France

Significant events

“In 2024, the group advanced the development of its patented survey technology, acquired a world-leading trenching vehicle, and secured its first vessel through a Joint Venture with a key global partner.”
“The group expanded and strengthened its workforce across onshore and offshore operations, management, and support functions.”
“The 2025 forecasts indicate continued positive trading results, with revenue and profitability expected to maintain an upward trajectory. Ongoing investment in capital expenditure and operational platforms will further support the group's growth strategy.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

4 active · 5 resigned

Name	Role	Appointed	Born	Nationality
BOYDE, Pierre Harry Caine	Director	2021-01-20	Aug 1974	British
HAIDER, Naseem Hasnain	Director	2025-04-15	Oct 1960	French
KENNEFICK, Jonathan Tresilian	Director	2025-04-15	May 1968	British
OSMAN, Ghazi Mohammed Ahmed	Director	2021-04-01	Jan 1969	Sudanese

Show 5 resigned officers

Name	Role	Appointed	Resigned
AL ANGARI, Sami Said	Director	2021-08-13	2025-05-06
AL IBRAHIM, Ziyadh	Director	2021-04-01	2025-04-15
MAKSELON, Paul	Director	2021-04-01	2021-08-13
PULLEN, Wayne	Director	2021-01-20	2023-03-27
STEPHENSON, William Thomas Ford	Director	2021-01-20	2023-03-27

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Sami Said Al Angari	Individual	Shares 75–100%, Voting 75–100%, Appoints directors	2025-07-15	Active
Algihaz Contracting Company	Corporate entity	Shares 75–100%, Voting 75–100%, Appoints directors	2021-04-01	Ceased 2025-07-15
Mr Pierre Harry Caine Boyde	Individual	Voting 25–50%	2021-04-01	Ceased 2023-03-22
Mr Pierre Harry Caine Boyde	Individual	Shares 75–100%, Voting 50–75%, Appoints directors	2021-01-20	Ceased 2021-04-01

Filing timeline

Last 20 of 48 total filings

Date	Type	Category	Description
2026-03-17	MR01	mortgage	Mortgage create with deed with charge number charge creation date	PDF
2026-03-03	CS01	confirmation-statement	Confirmation statement with updates	PDF
2025-09-24	AA	accounts	Accounts with accounts type group	PDF
2025-07-18	PSC07	persons-with-significant-control	Cessation of a person with significant control	PDF
2025-07-18	PSC01	persons-with-significant-control	Notification of a person with significant control	PDF
2025-05-06	TM01	officers	Termination director company with name termination date	PDF
2025-04-23	AP01	officers	Appoint person director company with name date	PDF
2025-04-22	AP01	officers	Appoint person director company with name date	PDF
2025-04-22	TM01	officers	Termination director company with name termination date	PDF
2025-02-20	MR01	mortgage	Mortgage create with deed with charge number charge creation date	PDF
2025-02-04	CS01	confirmation-statement	Confirmation statement with updates	PDF
2024-12-02	MR04	mortgage	Mortgage satisfy charge full	PDF
2024-09-30	AA	accounts	Accounts with accounts type full	PDF
2024-07-05	MR01	mortgage	Mortgage create with deed with charge number charge creation date	PDF
2024-02-07	CS01	confirmation-statement	Confirmation statement with updates	PDF
2023-10-09	AA	accounts	Accounts with accounts type full
2023-05-25	MR01	mortgage	Mortgage create with deed with charge number charge creation date	PDF
2023-03-30	TM01	officers	Termination director company with name termination date	PDF
2023-03-30	TM01	officers	Termination director company with name termination date	PDF
2023-03-24	PSC05	persons-with-significant-control	Change to a person with significant control	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 6
Capital events: 0
Officers appointed: 0
Officers resigned: 1

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page