OCEAN INSTALLER LIMITED
Get an alert when OCEAN INSTALLER LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-04 (in 10mo)
Last made up 2026-02-18
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£21M
+98.6% vs 2023
Profit before tax
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £70,914,000 | £36,733,000 | |
| Operating profit | £13,481,000 | £18,291,000 | |
| Profit before tax | £10,427,000 | £20,709,000 | |
| Net profit | £1,727,000 | £12,804,000 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | — | — | |
| Average employees | — | — | |
| 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 2023-12-31
-
Turnover
-48.2%
£70,914,000 £36,733,000
-
Cash
—
Not reported
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Operating profit
+35.7%
£13,481,000 £18,291,000
-
Profit before tax
+98.6%
£10,427,000 £20,709,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 19.0% | 49.8% | |
| Net margin | 2.4% | 34.9% | |
| Interest cover | 3.90x | 4.48x |
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 3 times since incorporation
- OCEAN INSTALLER LIMITED 2023-02-01 → present
- HAVFRAM LIMITED 2021-01-13 → 2023-02-01
- OCEAN INSTALLER LIMITED 2012-03-13 → 2021-01-13
- PACIFIC SHELF 1687 LIMITED 2012-02-03 → 2012-03-13
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 31 December 2024 the Company had net liabilities of £5.1m (2023: £17.9m). The Directors believe that preparing the financial statements on a going concern basis is appropriate due to the continued financial support of the Company's indirect parent undertaking, Ocean Installer Holding AS. The Directors have received written confirmation that Ocean Installer Holding AS will continue to support the Company for at least twelve months from the date of signing the financial statements.”
Group structure
- OCEAN INSTALLER LIMITED · parent
- Ocean Installer Crewing Limited 100%
- Ocean Installer Inc 100%
- Ocean Installer Senegal SA 95%
Significant events
- “Moreld Group AS acquired 100% of the share capital of Ocean Installer Holding AS on 28 June 2024.”
- “On January 24, 2025, Moreld AS, the ultimate parent company in the Moreld group, placed a USD 130 million senior secured bond with a maturity of 5 years. Ocean Installer Limited has acceded to the bond agreement as guarantor on similar terms as for the existing bond.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2022-04-01 | — | — |
| ROSE, Lisa | Director | 2023-03-14 | Jan 1982 | British |
| SCOTT, Gregor William James | Director | 2014-09-03 | Apr 1971 | British |
| STRAND, Håvard | Director | 2018-12-31 | Feb 1972 | Norwegian |
| VEITCH, Carey John | Director | 2018-10-10 | Dec 1975 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MD SECRETARIES LIMITED | Corporate Secretary | 2012-02-03 | 2012-08-16 |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2012-08-16 | 2022-03-31 |
| CONNON, Roger Gordon | Director | 2012-02-03 | 2012-03-13 |
| GILLESPIE, Robert Daniel | Director | 2020-09-14 | 2022-06-30 |
| MACRAE, Alan | Director | 2012-05-09 | 2020-10-31 |
| MASSIE, Kevin James | Director | 2021-03-03 | 2023-03-14 |
| MCEWING, David | Director | 2012-02-03 | 2012-03-13 |
| RIISE, Steinar | Director | 2012-03-13 | 2018-12-31 |
| SANNE, Ole | Director | 2012-05-09 | 2014-02-12 |
| SHAW, Martin Humphrey | Director | 2014-02-12 | 2018-07-31 |
| SISLEY, Martin | Director | 2012-06-29 | 2014-09-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 88 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-14 MA Memorandum articles
- 2025-05-14 RESOLUTIONS Resolution
- 2023-02-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | AA | accounts | Accounts with accounts type full | |
| 2025-05-14 | MA | incorporation | Memorandum articles | |
| 2025-05-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-11 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-03-07 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-02-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-20 | AA | accounts | Accounts with accounts type full | |
| 2024-07-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-03 | AA | accounts | Accounts with accounts type full | |
| 2023-03-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-01 | CERTNM | change-of-name | Certificate change of name company |
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.