SALTIRE ENERGY 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

  -6.2%

  £29,770,879 → £27,930,691

• Cash

  -14.5%

  £1,508,584 → £1,290,296

• Net assets

  +12.6%

  £75,570,171 → £85,055,305

  highest in 5 filed years

• Employees

  +1.8%

  55 → 56

  highest in 6 filed years

• Operating profit

  +1.6%

  £14,182,847 → £14,406,324

• Profit before tax

  +14.1%

  £12,377,850 → £14,123,863

• Wages

  -3.8%

  £3,064,933 → £2,947,509

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. SALTIRE ENERGY LIMITED 2008-06-23 → present
2. CANSCO LIMITED 2002-05-23 → 2008-06-23
3. CANSCO INTERNATIONAL LIMITED 2001-04-25 → 2002-05-23
4. INTERNATIONAL RIG & EQUIPMENT LIMITED 1996-05-03 → 2001-04-25

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

AAB Audit & Accountancy Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. SALTIRE ENERGY LIMITED · parent
   1. Saltire Drilling Tools Limited 100% · Dormant
   2. Saltire Energy (Norway) Limited 100% · Dormant
   3. Saltire Energy PTE Limited 100% · Provision of oilfield drilling equipment and services
   4. Saltire Pressure Control Limited 100% · Provision of oilfield drilling equipment and services
   5. Saltire Energy SDN. BHD. 100% · Provision of oilfield drilling equipment and services

Significant events

• “Competitive Risks - The group competes with suppliers much larger than itself and with greater resources. The group is able to distinguish itself by availability of product, a wide range of equipment and unparalleled customer service.”
• “International Conflict - international conflict, like that we have seen in Russia and Ukraine and that we are seeing in the Middle East (early 2026), can cause fluctuations in the demand for oil and gas and prices. This may also impact on the extraction of these commodities.”
• “Oil Price - Oil price and market expectations of potential changes in the price of oil. These expectations have the ability to impact Rig Operators production levels and consequently impact on the group's financial performance.”
• “Economic instability - Economic uncertainty in key markets is likely to impact operating results. Not least of these uncertainties is the current UK government's windfall tax policy which is a significant deterrent to future investment by North Sea operators.”
• “Cyber attacks - Systems and infrastructure being targeted.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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