AUGEAN NORTH SEA SERVICES 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

  +15.4%

  £13,012,000 → £15,013,000

• Cash

  +246.3%

  £296,000 → £1,025,000

• Net assets

  -18.3%

  £2,837,000 → £2,317,000

• Employees

  -11.3%

  97 → 86

• Operating profit

  +61.5%

  -£1,196,000 → -£460,000

• Profit before tax

  +87.3%

  -£4,103,000 → -£520,000

• Wages

  -7.9%

  £4,397,000 → £4,051,000

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

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. AUGEAN NORTH SEA SERVICES LIMITED 2012-06-01 → present
2. WOODSIDE NORTH SEA SERVICES LIMITED 2012-04-16 → 2012-06-01
3. AUGEAN NORTH SEA SERVICES LIMITED 2012-04-10 → 2012-04-16

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having considered the items set out above the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. As a result, the financial statements have been prepared on a going concern basis.”

Significant events

• “The UK Oil and Gas Industry continues to suffer from uncertainties arising in both the political (sustainability and licence restrictions) and fiscal (Energy Profits Levy) arenas, leading customers to defer or cancel development programmes or in some cases, seek to exit the region. These uncertainties continue to suppress exploration, drilling and associated activities and therefore the demand for Augean's services in the North Sea.”
• “Due to these macro-economic factors on the Company's key markets going forward, and following a full business review, the Company has taken an impairment charge of £779,000 (2023: £2,837,000) against the Company's assets during the year.”
• “Forecast period of 8 years to reflect the perceived CGU/industry life. A reduction in revenue outside of the forecast horizon of 2.5% p.a. Maintenance capex to decrease at 10% p.a. up.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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