PROJECT POSEIDON BIDCO LIMITED

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

• Turnover

  —

  Not reported

• Cash

  +97.6%

  £21,888 → £43,241

  highest in 3 filed years

• Net assets

  -13%

  -£720,169 → -£813,931

  lowest in 3 filed years

• Employees

  0%

  4 → 4

• Operating profit

  -88.3%

  £3,515,917 → £410,588

• Profit before tax

  -92.8%

  £3,229,553 → £233,921

• Wages

  +15.8%

  £695,075 → £804,850

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors, having made due and careful enquiry, are of the opinion that the Group has adequate working capital and investment funding to execute its operations over the Going Concern period to 30 June 2026. The business has prepared detailed financial projections and has funding in place for the Going Concern period. Stress testing was performed to validate the adequacy of the working capital over the Going Concern period. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Group has adequate resources to continue in operational existence for the Going Concern period to 30 June 2026. Given that the Company funding is managed on group basis, the Company has received a parental letter of support from the ultimate parent, Star Neptune Topco Limited, to provide additional funding if required to enable the company to meet its liabilities as they fall due. As a result, the directors have continued to adopt the Going Concern Basis in preparing the financial statements.”

Group structure

1. PROJECT POSEIDON BIDCO LIMITED · parent
   1. Subsea Technology & Rentals Limited 100% · UK
   2. Subsea Technology & Rentals Australia Pty Ltd 100% · Australia
   3. STR Asia Pacific PTE Ltd 100% · Singapore
   4. Subsea Technology & Rentals Inc 100% · US
   5. Subsea Technology & Rentals Norway AS 100% · Norway

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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