SEAWAY 7 TREASURY LIMITED
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Cash
£50k
USD 64,000
Latest balance sheet
Net assets
£3.7m
USD 4,770,000
Equity attributable
Employees
0
Average over period
Profit before tax
£450k
USD 574,000
Period ending 2023-12-31
Net assets
1-year trend · vs Industrials 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 | £11,510,752 | — | |
| Operating profit | £485,795 | — | |
| Profit before tax | £450,479 | — | |
| Net profit | £335,897 | — | |
| Cash | £50,228 | — | |
| Total assets less current liabilities | £3,743,525 | — | |
| Net assets | £3,743,525 | — | |
| Equity | £3,743,525 | — | |
| Average employees | 0 | — | |
| Wages | — | — | |
| Directors' remuneration | £909,590 | — | |
| Directors' pension contributions | £49,443 | — | |
| Highest paid director | £437,137 | — |
Figures converted to GBP from USD at 0.785 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|
| Operating margin | 4.2% | |
| Net margin | 2.9% | |
| Return on capital employed | 13.0% | |
| Gearing (liabilities / total assets) | 98.5% | |
| Current ratio | 1.00x | |
| Interest cover | 0.04x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider that there are no significant doubts over the application of the going concern assumption and no disclosable material uncertainties which cast doubt upon the Company's ability to continue as a going concern.”
Significant events
- “On 27 July 2023, the Company entered into an agreement with Subsea 7 Blue Space Limited, a fellow group undertaking, to reimburse Subsea 7 Blue Space Limited for interest and fees in relation to the 2023 UK Export Finance (UKEF 2023) facility and the Group's $600 million multi-currency revolving credit and guarantee facility.”
- “On 24 April 2026, these agreements were novated to Subsea 7 Treasury (UK) Limited, a fellow group undertaking. All fees in relation to UKEF 2023 will be also transferred.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOHARD, Emilie Saatvedt | Secretary | 2022-05-10 | — | — |
| PEACE, Lorna Helen | Secretary | 2022-05-10 | — | — |
| DUTHIE, Lloyd Simpson | Director | 2022-05-10 | Jan 1967 | British |
| RIJKSEN, Sebastiaan Frederik Willem | Director | 2023-05-18 | May 1986 | Dutch |
| ROFF, Mary Anne Urelda | Director | 2023-05-18 | Dec 1965 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAUGVOLL, Arvid Arvidsson | Director | 2022-05-10 | 2023-05-18 |
| HODGKINSON, Mark Austin | Director | 2022-05-10 | 2023-05-18 |
| LYSAKER, Stian | Director | 2022-05-10 | 2023-05-18 |
| SLOOS, Robbert Cornelis Hendrik | Director | 2022-05-10 | 2022-07-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Subsea 7 Blue Space Limited | Corporate entity | Significant influence | 2022-05-10 | Active |
Filing timeline
Last 16 of 16 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-12 | AA | accounts | Accounts with accounts type full | |
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2025-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-17 | AA | accounts | Accounts with accounts type full | |
| 2024-05-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full | |
| 2023-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-01 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-05-10 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.