FORUM ENERGY TECHNOLOGIES (UK) LIMITED
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Cash
£3.6m
-37.8% lowest in 3 filed years
Net assets
£29m
+17.1% vs 2024
Employees
187
+9.4% highest in 3 filed years
Profit before tax
£6.4m
-31.2% vs 2024
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 | £55,806,000 | £57,567,000 | £70,423,000 | +22.3% | |
| Operating profit | £550,000 | £9,305,000 | £6,690,000 | -28.1% | |
| Profit before tax | £542,000 | £9,274,000 | £6,379,000 | -31.2% | |
| Net profit | -£1,000 | £9,143,000 | £4,236,000 | -53.7% | |
| Cash | £6,674,000 | £5,770,000 | £3,588,000 | -37.8% | |
| Total assets less current liabilities | £77,666,000 | £26,854,000 | £30,938,000 | +15.2% | |
| Net assets | £74,778,000 | £24,753,000 | £28,989,000 | +17.1% | |
| Equity | £74,778,000 | £24,753,000 | £28,989,000 | +17.1% | |
| Average employees | 160 | 171 | 187 | +9.4% | |
| Wages | £7,516,000 | £8,681,000 | £9,688,000 | +11.6% | |
| Directors' remuneration | £0 | £0 | £0 | — | |
| Directors' pension contributions | — | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — 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 | 1.0% | 16.2% | 9.5% | |
| Net margin | -0.0% | 15.9% | 6.0% | |
| Return on capital employed | 0.7% | 34.7% | 21.6% | |
| Gearing (liabilities / total assets) | 54.3% | 45.9% | 57.4% | |
| Current ratio | 0.41x | 0.19x | 1.06x | |
| Interest cover | 68.75x | — | 20.84x |
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 4 times since incorporation
- FORUM ENERGY TECHNOLOGIES (UK) LIMITED 2010-09-29 → present
- DPS OFFSHORE LIMITED 2010-04-22 → 2010-09-29
- DYNAMIC POSITIONING SERVICES LIMITED 2005-03-02 → 2010-04-22
- KERLOCH ASSOCIATES LIMITED 2003-03-06 → 2005-03-02
- ISANDCO FOUR HUNDRED AND SEVEN LIMITED 2002-10-30 → 2003-03-06
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that the company is well placed to manage its business risks successfully and to continue to adopt the going concern basis in the preparation of these financial statements.”
Group structure
- FORUM ENERGY TECHNOLOGIES (UK) LIMITED · parent
- Forum Germany Holdings Limited 100%
- Multilift Wellbore Technology Limited 100%
- Forum B+V Oil Tools GmbH 95%
Significant events
- “On 12 June 2025, FET group announced that it executed a contract for a state-of-the-art submarine rescue vehicle system for the Indonesian Navy. The contract will run through Forum Energy Technologies UK Ltd until 2028.”
- “On 16th June 2026 Multilift Wellbore Technology Ltd was dissolved and removed from the register of companies.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| IVASCU, John Cornel | Secretary | 2018-05-11 | — | — |
| BURNESS PAULL LLP | Corporate Secretary | 2013-08-29 | — | — |
| SCHMITT, Tylar Kipp | Director | 2018-10-15 | Aug 1973 | American |
| WILLIAMS JR., David Lyle | Director | 2018-05-11 | Oct 1969 | American |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUNTER, Hazel | Secretary | 2011-11-11 | 2013-04-26 |
| LEASK, Euan Alexander Edmondston | Secretary | 2009-06-09 | 2011-09-30 |
| MCCULLOCH, James Lawrence | Secretary | 2013-08-29 | 2018-05-11 |
| PIRIE, William Allan | Secretary | 2008-03-14 | 2009-05-25 |
| IAIN SMITH & COMPANY | Corporate Nominee Secretary | 2002-10-30 | 2007-07-02 |
| MACLAY MURRAY & SPENS LLP | Corporate Secretary | 2007-07-02 | 2011-11-11 |
| PAULL & WILLIAMSONS LLP | Corporate Secretary | 2011-11-11 | 2013-08-29 |
| ANDERSON, Martin Taylor | Director | 2008-07-31 | 2010-04-05 |
| BOYLE, William James | Director | 2013-11-15 | 2014-12-10 |
| BUCHAN, Tyler John | Director | 2018-05-11 | 2018-10-15 |
| DORROS, Christopher George | Director | 2015-07-08 | 2015-12-31 |
| GRANT, Elaine | Director | 2002-11-26 | 2010-03-31 |
| GRANT, Ian Henry | Director | 2002-12-11 | 2008-03-14 |
| HARRIS, James Whelan | Director | 2011-04-07 | 2018-05-11 |
| HOBKIRK, Colin Gordon | Nominee Director | 2002-10-30 | 2002-12-11 |
| HORSFALL-JONES, Michael | Director | 2009-10-08 | 2013-10-18 |
| JOHNSON, Keith Stewart | Director | 2004-03-10 | 2007-12-12 |
| LEASK, Euan Alexander Edmondston | Director | 2008-03-14 | 2011-09-30 |
| MURRAY, Kerrie Rae Doreen | Director | 2015-12-31 | 2018-05-11 |
| PIRIE, William Allan | Director | 2008-03-14 | 2009-05-25 |
| REID, Alan James | Director | 2014-12-10 | 2015-07-08 |
| STUART, Peter John | Director | 2008-07-31 | 2010-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fet Global Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 140 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-10 MA Memorandum articles
- 2025-02-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-08 | AA | accounts | Accounts with accounts type full | |
| 2025-02-27 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-24 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-02-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-10 | MA | incorporation | Memorandum articles | |
| 2025-02-10 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-27 | AA | accounts | Accounts with accounts type full | |
| 2024-04-15 | AA | accounts | Accounts with accounts type full | |
| 2023-11-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-11-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full | |
| 2022-07-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-02-17 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.