FIRST MARINE SOLUTIONS LIMITED
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Cash
£3M
-1.5% vs 2024
Net assets
£17M
+4.9% vs 2024
Employees
53
+17.8% vs 2024
Profit before tax
£1.8M
-53.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-04-30
| Metric | Trend | 2024-04-30 | 2025-04-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £21,781,841 | £21,588,761 | -0.9% | |
| Operating profit | £6,704,145 | £4,492,871 | -33% | |
| Profit before tax | £3,882,499 | £1,819,687 | -53.1% | |
| Net profit | £2,851,415 | £798,436 | -72% | |
| Cash | £3,066,442 | £3,019,066 | -1.5% | |
| Total assets less current liabilities | £23,233,105 | £34,284,198 | +47.6% | |
| Net assets | £16,407,627 | £17,206,063 | +4.9% | |
| Equity | £16,407,627 | £17,206,063 | +4.9% | |
| Average employees | 45 | 53 | +17.8% | |
| Wages | £2,843,921 | £3,516,827 | +23.7% | |
| Directors' remuneration | £80,442 | £116,074 | +44.3% |
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 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Operating margin | 30.8% | 20.8% | |
| Net margin | 13.1% | 3.7% | |
| Return on capital employed | 28.9% | 13.1% | |
| Gearing (liabilities / total assets) | 38.7% | 60.0% | |
| Current ratio | 2.73x | 1.06x | |
| Interest cover | — | 28.39x |
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 1 time since incorporation
- FIRST MARINE SOLUTIONS LIMITED 2009-07-17 → present
- PLACE D'OR 683 LIMITED 2009-07-14 → 2009-07-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors, having made due and careful enquiry, are of the opinion that the Company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- FIRST MARINE SOLUTIONS LIMITED · parent
- Andrews Hydrographics Limited 100%
- Andrews Hydrographics (Holding Company) Limited 100%
- First Marine Products Limited 90%
Significant events
- “The company's acquired Andrews Hydrographics in February which adds huge depth to our existing Survey & Positioning offering further enhancing our integrated marine services division and enabling us to tackle larger projects across the globe.”
- “On the 14 February 2025, First Marine Solutions Limited acquired 100% of the share capital of Andrews Hydrographics Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWN, Steven Michael | Director | 2019-01-01 | Jun 1988 | British |
| SUTTIE, Martin Ian | Director | 2021-12-16 | Jun 1978 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRANT, Stephen | Secretary | 2009-07-14 | 2010-10-29 |
| OGG, Richard James | Secretary | 2011-07-11 | 2012-07-06 |
| PETERKINS, SOLICITORS | Corporate Secretary | 2008-07-22 | 2009-07-15 |
| MOUTREY, Daniel | Director | 2009-07-14 | 2014-08-07 |
| RENNIE, Thomas George | Director | 2008-07-22 | 2009-07-15 |
| SUTTIE, Ian Alexander, Mr. | Director | 2009-07-14 | 2025-10-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| First Tech Limited | Corporate entity | Shares 75–100% | 2025-10-04 | Active |
| Mr Ian Suttie | Individual | Significant influence | 2016-07-22 | Ceased 2025-10-04 |
Filing timeline
Last 20 of 68 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-20 RESOLUTIONS Resolution
- 2025-10-16 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-21 | AA | accounts | Accounts with accounts type full | |
| 2025-12-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-23 | SH01 | capital | Capital allotment shares | |
| 2025-10-23 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-10-23 | SH08 | capital | Capital name of class of shares | |
| 2025-10-23 | SH02 | capital | Capital alter shares subdivision | |
| 2025-10-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-16 | MA | incorporation | Memorandum articles | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-23 | AA | accounts | Accounts with accounts type full | |
| 2024-06-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-03 | AA | accounts | Accounts with accounts type small | |
| 2023-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-25 | AA | accounts | Accounts with accounts type small | |
| 2022-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-25 | AA | accounts | Accounts with accounts type small | |
| 2021-12-16 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 4
- Officers appointed
- 0
- Officers resigned
- 1
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.