SOLSTAD OFFSHORE UK 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

  -72.1%

  £108,097,000 → £30,196,000

• Cash

  +730.6%

  £1,107,000 → £9,195,000

• Net assets

  +280.3%

  £3,393,000 → £12,905,000

• Employees

  -63.6%

  11 → 4

• Operating profit

  -55.9%

  £18,652,000 → £8,221,000

• Profit before tax

  -40.5%

  £18,715,000 → £11,134,000

• Wages

  -46.5%

  £847,000 → £453,000

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

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.

1. SOLSTAD OFFSHORE UK LIMITED 1997-07-04 → present
2. ONDUR LIMITED 1985-02-13 → 1997-07-04
3. LORENCO LIMITED 1985-01-22 → 1985-02-13

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis. Solstad Offshore UK Ltd. is part of the Groups plans going forward as ship operator for operations on the UK Continental Shelf. Solstad Offshore UK Ltd. will thus continue its operations without significant changes. Despite a challenging macroeconomic environment, political unrest and high focus on energy transition, the offshore market remains strong and is expected to stay strong in the period to come. As of November 2025, a nominated subsidiary of Solstad Maritime ASA (formerly Solstad Maritime Holding AS), Solstad Maritime AS has issued a support letter that states their provision of financial support for Solstad Offshore UK Limited until 12 months after the approval of these Financial Statement. Solstad Maritime AS is the parent company of the refinanced and restructured group of Solstad, of which the Company is a part.”

Significant events

• “On May 16th 2025 Solstad Maritime Holding AS (SMH), the parent company of Solstad Offshore UK Limited, was listed on Euronext Oslo Børs and had its name changed to Solstad Maritime ASA.”

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

Filings

16

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.