PROJECT POSEIDON MIDCO LIMITED
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Cash
—
Latest balance sheet
Net assets
-£980
Equity attributable
Employees
—
Average over period
Profit before tax
-£327
Period ending 2023-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Profit before tax
1-year trend · vs Consumer Discretionary median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£327 | — | |
| Profit before tax | -£327 | — | |
| Net profit | -£327 | — | |
| Cash | — | — | |
| Total assets less current liabilities | -£980 | — | |
| Net assets | — | — | |
| Equity | -£980 | — | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | £0 | — |
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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 |
|---|---|---|
| Current ratio | 1.00x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management and the Directors have prepared detailed forecasts assessing the Group's financial position through to 30 June 2027, which is considered the going concern assessment period. ... As a result, the directors have continued to adopt the Going Concern Basis in preparing the financial statements.”
Group structure
- PROJECT POSEIDON MIDCO LIMITED · parent
- Project Poseidon Bidco Limited 100%
- Subsea Technology & Rentals Limited 100%
- Subsea Technology & Rentals Australia Pty Ltd 100%
- STR Asia Pacific PTE Ltd 100%
- Subsea Technology & Rentals Inc 100%
- Subsea Technology & Rentals Norway AS 100%
Significant events
- “There have been no significant events affecting the Company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BANNERMAN, Stuart Charles | Director | 2024-12-06 | Dec 1962 | British |
| STEELE, Stephen Samuel James | Director | 2022-01-14 | Sep 1973 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENFIELD, James Oliver | Director | 2021-10-28 | 2024-12-06 |
| DYER, Andy | Director | 2022-01-14 | 2024-03-15 |
| JOHNSTONE, Scott Ewan Lincon | Director | 2022-01-14 | 2023-12-31 |
| MATTHEWS, Charles Lewis | Director | 2022-01-14 | 2024-12-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Project Poseidon Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-10-28 | Active |
Filing timeline
Last 20 of 24 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-02-17 | MA | incorporation | Memorandum articles | |
| 2025-02-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-16 | AA | accounts | Accounts with accounts type full | |
| 2024-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2022-11-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-07 | AA | accounts | Accounts with accounts type dormant | |
| 2022-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-21 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.