OIL STATES INDUSTRIES (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

  +24.3%

  £58,414,000 → £72,591,000

• Cash

  -46.7%

  £6,356,000 → £3,386,000

• Net assets

  +16.6%

  £32,275,000 → £37,621,000

• Employees

  +0.5%

  207 → 208

• Operating profit

  +182.7%

  £4,117,000 → £11,638,000

• Profit before tax

  +388.1%

  -£2,517,000 → £7,251,000

• Wages

  +14.7%

  £11,564,000 → £13,259,000

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. OIL STATES INDUSTRIES (UK) LIMITED 1996-05-01 → present
2. KALAB SERVICES LIMITED 1996-02-08 → 1996-05-01

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a Going Concern basis which has been supported by the provision of a parental letter of support from Oil States International. The Group letter of support confirms it will be able, should it be required, to provide support for the assessment period to 12 months from the date of signing of these accounts. The Directors are satisfied that the Group can provide this support, should it be required. In addition, our parent company has confirmed it doesn't plan to call the promissory note due for maturity during October 2026.”

Group structure

1. OIL STATES INDUSTRIES (UK) LIMITED · parent
   1. E-FLOW Controls Holding Limited 100% · Scotland · Dormant
   2. MR Inspection Services Limited 100% · Scotland · Dormant
   3. Oil States Brazil Limitada 19% · Brazil · Oil Services
   4. Oil States Energy Services SL 100% · Spain · Inspection and Repair of risers

Significant events

• “OSI UK has recorded an increase in revenue in FY24 driven from the new product lines. Throughout the year we were awarded significant contracts for the manufacturing and delivery of bespoke products.”
• “OSI UK closed the year with the highest backlog for several years. Post year end we have seen orders for our market leading and award winning MPD systems.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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