CYAN SUBSEA UK LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-26 (this month)
Last made up 2025-05-12
Watchouts
None on the register
Cash
£2M
Latest balance sheet
Net assets
£2M
Equity attributable
Employees
57
Average over period
Profit before tax
£375K
Period ending 2024-12-31
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-07-01 | 2023-06-30 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £8,185,000 | £18,258,000 | |
| Operating profit | — | £644,000 | £443,000 | |
| Profit before tax | — | £578,000 | £375,000 | |
| Net profit | — | £578,000 | £372,000 | |
| Cash | — | £494,000 | £2,185,000 | |
| Total assets less current liabilities | — | £2,513,000 | £2,559,000 | |
| Net assets | — | £1,884,000 | £2,256,000 | |
| Equity | £1,306,000 | £1,884,000 | £2,256,000 | |
| Average employees | — | 49 | 57 | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-06-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-07-01 | 2023-06-30 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | 7.9% | 2.4% | |
| Net margin | — | 7.1% | 2.0% | |
| Return on capital employed | — | 25.6% | 17.3% | |
| Gearing (liabilities / total assets) | — | 76.4% | 75.4% | |
| Current ratio | — | 1.18x | 1.23x | |
| Interest cover | — | 9.76x | 6.42x |
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.
Name history
Renamed 5 times since incorporation — the current trading name was adopted 2025-05-14
- CYAN SUBSEA UK LTD. 2025-05-14 → present
- MMA OFFSHORE SERVICES LTD 2022-10-26 → 2025-05-14
- NEPTUNE OFFSHORE SERVICES LTD 2010-07-01 → 2022-10-26
- NEPTUNE DEEPTECH LTD 2009-04-17 → 2010-07-01
- ROSS DEEPTECH INITIATIVES LIMITED 1994-06-01 → 2009-04-17
- ROSS DEEPTECH INITIATIVE LTD. 1994-05-12 → 1994-06-01
Audit & accounting basis
- Accounting basis
- FRS 101
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Anderson Anderson & Brown Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered the Company's current and future prospects, its availability of financing and are satisfied that the Company can continue to pay its liabilities as they fall due and as such the directors deem the going concern assumption to be appropriate.”
Significant events
- “On 25 July 2024, the majority shareholding in the Company's immediate parent company, MMA Offshore Limited was acquired by Cyan Renewables Pte Limited, a portfolio of Seraya Partners Fund I, L.P.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LC SECRETARIES LIMITED | Corporate Secretary | 2008-01-25 | — | — |
| LEE, Keng Lin | Director | 2024-11-22 | Mar 1975 | Singaporean |
| STEPHEN, Kevin Alexander | Director | 2014-05-06 | Feb 1969 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEATTIE, Diane Margaret | Secretary | 2006-01-16 | 2008-01-25 |
| CHIAPPINI, Gabriel Mario | Secretary | 2009-05-19 | 2012-04-19 |
| DODDS, John Keith Mathieson | Secretary | 1994-05-12 | 2006-01-16 |
| LOUDEN, John Alexander | Secretary | 2012-04-19 | 2015-03-26 |
| REID, Brian | Nominee Secretary | 1994-05-12 | 1994-05-12 |
| CAVANAGH, David Luke | Director | 2019-11-07 | 2019-11-07 |
| DE LOUB, David Ross | Director | 2010-08-02 | 2011-07-29 |
| EDWARDS, Geoffrey | Director | 2008-01-25 | 2010-08-02 |
| KING, Robin Nigel | Director | 2011-07-29 | 2019-11-07 |
| LANGE, Christian Mark | Director | 2008-01-25 | 2010-11-24 |
| MABBOTT, Stephen | Nominee Director | 1994-05-12 | 1994-05-12 |
| NAPIER, Colin Grant | Director | 2011-07-29 | 2014-01-06 |
| NEWMAN, Geoff | Director | 2010-11-24 | 2011-07-29 |
| ROSS, David Colin | Director | 2019-11-07 | 2024-11-22 |
| ROSS, Robert William Mitchell | Director | 1994-05-12 | 2008-01-25 |
| STEWART, Edward Townsley | Director | 1996-06-07 | 2004-03-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Blossomvale Scotland Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-11-07 |
Filing timeline
Last 20 of 156 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CH01 | officers | Change person director company with change date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-05-14 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-08 | AA01 | accounts | Change account reference date company current extended | |
| 2024-05-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-08 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-03-07 | AA | accounts | Accounts with accounts type small | |
| 2023-12-14 | CH01 | officers | Change person director company with change date | |
| 2023-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-04 | AA | accounts | Accounts with accounts type small | |
| 2022-10-26 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-13 | CH01 | officers | Change person director company with change date | |
| 2022-03-18 | AA | accounts | Accounts with accounts type full | |
| 2021-07-01 | AA | accounts | Accounts with accounts type full | |
| 2021-05-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-11-23 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.