OCEAN INSTALLER LIMITED
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Cash
£2.9M
+84.8% vs 2024
Net assets
-£14M
-182.2% vs 2024
Employees
63
+10.5% vs 2024
Profit before tax
-£12M
-159.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Energy 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 | £70,914,000 | £41,007,000 | £25,658,000 | -37.4% | |
| Operating profit | £13,481,000 | £18,291,000 | -£6,767,000 | -137% | |
| Profit before tax | £10,427,000 | £20,709,000 | -£12,412,000 | -159.9% | |
| Net profit | £1,727,000 | £12,804,000 | -£9,277,000 | -172.5% | |
| Cash | — | £1,569,000 | £2,900,000 | +84.8% | |
| Total assets less current liabilities | — | -£5,082,000 | -£13,940,000 | -174.3% | |
| Net assets | — | -£5,093,000 | -£14,370,000 | -182.2% | |
| Equity | — | -£5,093,000 | — | — | |
| Average employees | — | 57 | 63 | +10.5% | |
| Wages | — | £5,785,000 | £5,727,000 | -1% | |
| Directors' remuneration | — | £1,355,000 | £1,439,000 | +6.2% |
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 | 19.0% | 44.6% | -26.4% | |
| Net margin | 2.4% | 31.2% | -36.2% | |
| Gearing (liabilities / total assets) | — | 160.0% | 242.5% | |
| Current ratio | — | 0.71x | 0.26x | |
| Interest cover | 3.90x | 4.48x | -2.42x |
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
“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 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
- OCEAN INSTALLER LIMITED · parent
- Ocean Installer Crewing Limited 100%
- Ocean Installer Inc 100%
- Ocean Installer Senegal SA 95%
Significant events
- “the late termination of a contract for a large offshore installation project led to a significant drop in the expected revenue, profit and vessel utilisation for the Company”
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
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aurora Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-06-28 | Active |
Filing timeline
Last 20 of 91 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-14 MA Memorandum articles
- 2025-05-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-06-29 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-06-19 | AA | accounts | Accounts with accounts type full | |
| 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 |
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.