BORR ARABIA III (UK) LIMITED
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Cash
£3.9m
USD 5,321,000
+15,903.9% highest in 3 filed years
Net assets
£3.5m
USD 4,652,000
-64.8% first positive since 2023
Employees
0
Average over period
Profit before tax
£2.4m
USD 3,254,000
-79.4% first positive since 2023
Net assets
3-year trend · vs Industrials 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 | £7,038,751 | £27,170,487 | £25,533,210 | -6% | |
| Operating profit | -£498,117 | £11,813,117 | £10,575,139 | -10.5% | |
| Profit before tax | -£727,173 | £11,734,320 | £2,414,842 | -79.4% | |
| Net profit | -£1,079,385 | £10,910,538 | -£5,699,443 | -152.2% | |
| Cash | £7,060 | £24,674 | £3,948,794 | +15,903.9% | |
| Total assets less current liabilities | -£1,079,385 | £100,019,898 | £86,371,058 | -13.6% | |
| Net assets | -£1,079,385 | £9,815,345 | £3,452,319 | -64.8% | |
| Equity | -£1,079,385 | £9,815,345 | £3,452,319 | -64.8% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.742 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 —. 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 | -7.1% | 43.5% | 41.4% | |
| Net margin | -15.3% | 40.2% | -22.3% | |
| Return on capital employed | — | 11.8% | 12.2% | |
| Gearing (liabilities / total assets) | 100.8% | 93.1% | 96.9% | |
| Current ratio | 0.22x | 0.94x | 0.84x | |
| Interest cover | — | 34.28x | 1.28x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors, based on the current financial projections, the facilities available and making enquiries... believe that the Company has adequate financial resources to continue in operation for the foreseeable future.”
Significant events
- “On March 7, 2026, the Arabia III was impacted by an incident that occurred on a customer-operated platform. The rig was subsequently safely shut down, and all personnel were successfully evacuated. The rig remains under contract, is covered under our insurance policies and recommenced operations in late March 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2023-01-30 | — | — |
| DE ROSSI, Valerio, Dr | Director | 2023-01-30 | May 1967 | Italian |
| TINDALL, Christopher David | Director | 2025-06-20 | May 1993 | British |
| TOBING, Joseph Amudi Lumban | Director | 2023-01-30 | May 1973 | Indonesian |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LIE, Andreas Lavik | Director | 2023-01-30 | 2025-06-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Borr (Uk) Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-01-22 | Active |
| Borr Jack-Up Assets (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-01-30 | Ceased 2024-01-22 |
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type full | |
| 2026-06-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-05 | AA | accounts | Accounts with accounts type full | |
| 2025-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-08-21 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-08-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.